Business Day - 18 October 2005
SOME commentators believe that countries should…just do it - when it comes to unilateral trade liberalisation. It is argued, perhaps correctly, that the World Trade Organisation negotiations have become too complex, with too many players, for significant liberalisation to occur through this…multilateral-process. The answer, apparently, is unilateral tariff reductions. The assumption behind this is that free trade will simply lead to higher growth. If only things were that simple.