An Institutional Analysis of the Design and Sequence of Trade and Investment Policy Reform
分析了各国政治承诺和官僚能力的差异如何影响贸易与投资政策改革的设计与顺序,指出改革应拆除限制性规则和自由裁量的投资激励,但不同国家应采取不同路径。
Countries vary in their political commitment to change and in the capability of their bureaucracies. Policies vary in their organizational and political demands. These institutional variations can be incorporated into the design of trade and investment policy reform. In virtually all countries the presumption should be for reforms to dismantle—not reconfigure—restrictive entry rules and dysfunctional discretionary investment incentives. But there is no single approach, common across countries, through which trade policy reform should proceed. Countries with weak administrative capabilities should push import liberalization to the limits. But politically constrained countries with a stronger administrative capability might consider roundabout reforms that secure outward orientation without full-scale, prior import liberalization.