This volume is the sixth in an annual series in which top economists provide a concise and accessible evaluation of major developments in trade and trade policy. Each annual volume examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developmemnts at the national level. Each volume also provides assessments of the World Trade Organization's current Trade Policy Reviews.
Peter Lloyd is Professor of Economics at the Department of Economics, The University of Melbourne. Chris Milner is Professor of International Economics at the School of Economics, The University of Nottingham.