Abstract
The seminar has touched upon a number of issues, actually quite a wide range of issues, covering unilateral, regional, and multilateral aspects of trade policy. On unilateral trade liberalization, I think the seminar has spent some time on trade reform, and there I think the main issues identified were exchange rate policy, as well as sequencing. Then trade liberalization issues in industrial countries were covered, starting with the presentation by Professor Lawrence, who focused among other issues on the difference between what he calls “shallow integration,” which is a reduction of trade barriers at the border, and “deeper integration,” which is really an attempt to harmonize national differences in areas such as property rights and other issues.
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