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Mr. Hans P Lankes and Miss Katerina Alexandraki
Preference erosion has become an obstacle to multilateral trade liberalization, as beneficiaries of trade preferences have an incentive to resist reductions in mostfavored- nation (MFN) tariffs. This study identifies middle-income developing countries that are vulnerable to export revenue loss from preference erosion. It concludes that the problem is heavily concentrated in a sub-set of preference beneficiaries-primarily small island economies dependent on sugar, banana, and-to a lesser extent-textile exports. Accordingly, measures to help mitigate the impact of preference erosion can be closely targeted at the countries at risk.
International Monetary Fund. External Relations Dept.
Following are edited excerpts from IMF Managing Director Horst Köhler’s remarks, as prepared for delivery at the conference “Completing Transition: The Main Challenges,” held in Vienna, Austria, on November 6. The full text is available on the IMF’s website (www.imf.org).
International Monetary Fund. External Relations Dept.
This paper discusses the employment of women in developing countries in the light of recent changes in emphasis on the strategy and objectives of economic development. The paper highlights that in the vast majority of countries—both developed and developing—the role of women is still limited and their responsibilities restricted. This paper examines automated manufacturing techniques in developing economies. The operations and transactions of the special drawing account are discussed. The paper also analyzes Latin America’s prospects for overcoming historical attitudes and other constraints to achieve wider economic integration.