The Economics of Trade Facilitation

The issue of trade facilitation has gained enormous importance in the world trade scenario. This volume, for the first time, introduces trade facilitation as an economic category and clearly defines its scope. It locates trade facilitation in theories of transaction cost and monopolistic competition. While analysing WTO negotiations, the author identifies specific as well as general requirements of developed as well as developing economies. With examples illustrating complexities from diverse areas, the literature emphasizes the need to introduce reforms in the domestic economy and their contribution towards globalization.