Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This paper illustrates the extent and the cost of nontariff barriers to international trade. It proposes one possible scheme for removing some of them-negotiations between developing and industrial c ountries organized along the "principal supplier" lines used in GATT tariff negotiations prior to the Kennedy Round. Assuming that gover nments are motivated by mercantilist objectives, it concludes that up to $20 billion of developing countries' exports could be freed from quantitative import restrictions by such negotiations. In return for this, the developing countries would have to reduce nontariff barrier s on a similar value of their imports. Copyright 1987 by Royal Economic Society.