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The developing countries in the new gatt round: Safeguards revisited |
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| Authors: | K A Koekkoek |
| Institution: | Senior Lecturer in the Economics Faculty of Erasmus University in Rotterdam , |
| Abstract: | The article reviews the case for a new safeguard code in GATT. Article XIX is at present widely circumvented, especially vis-a-vis developing countries. A new safeguard code would preferably not allow for selectivity, emphasize domestic adjustment, and in general not provide for compensation and/ or retaliation. Special treatment for developing countries might be incorporated by prescribing compensation in case safeguards were to be used against their exports. |
| Keywords: | Economic growth European Union exports’ destination panel data product structure of exports |