Richard N. Cooper, Foreign Affairs (Mar/Apr 2002)
"[Messerlin's] book is applied economic analysis at its best"
Book Description
Trade protection costs the European Union between 6 and 7 percent of its gross domestic product, or the equivalent of the annual economic output of Spain. Continuing the Institute's series on trade protection in major countries (which already includes the United States, Japan, Korea, and China), this study by Patrick Messerlin is the first attempt to measure the impact of all types of protection in the European Union. Messerlin uses partial equilibrium methods to assess the costs to consumers and to evaluate the political economy of European protection. He also examines in detail the intricate relations between the major EU domestic policies-from the Common Agricultural Policy to the Single Market in services-and commercial policy. He aims to assess their dynamic evolution for the decade to come, which will be marked by the first accessions of Central European countries to the EU and by the debate on the European political union. The study provides a valuable agenda for the upcoming round of WTO negotiations and underlines their role as a support for domestic reforms that the EU should undertake for its own benefit.
From the Back Cover
Continuing the Institute's series on trade protection in major countries (which already includes the United States, Japan, Korea, and China), this study by Patrick Messerlin analyzes those sectors in the European Union that have the highest protection profiles. Messerlin uses partial equilibrium methods to assess the costs to consumers and the affects on employment. He also evaluates the political economy of European protection and assesses the dynamic benefits of trade liberalization. The study provides a valuable agenda of "demolition objectives" for the upcoming Millenium Round of WTO negotiations.
About the Author
Patrick A. Messerlin, Visiting Fellow, is a Professor of Economics at the Institut d'Etudes Politiques de Paris and Director of the Groupe d'Economie Mondiale de Sciences Politiques (GEM) since its creation in 1997. GEM is a research unit seeking to improve the performance of French and European public policies in a global world. He has been a consultant to various international organizations and firms and served as a Senior Economist at the Research Department of the World Bank from 1986 to 1990. He is also a member of the Advisory Committee on Competition Issues (French Ministry of Economics), and of the G-8 Preparatory Conference. His current research deals with progressive liberalization and regulatory reforms in services. He has written several books on global trade policy, in addition to numerous articles for professional journals, including the Economic Journal, the European Economic Review, Weltwirtschaftliches Archiv, the World Economy, Economic Studies (OECD), European Economy (European Commission) and Revue Economique.
Measuring the Costs of Protection in Europe: European Commercial Policy for the 2000s FROM THE PUBLISHER
Trade protection costs the European Union between 6 and 7 percent of its gross domestic product, or the equivalent of the annual economic output of Spain. Continuing the Institute's series on trade protection in major countries (which already includes the United States, Japan, Korea, and China), this study by Patrick Messerlin is the first attempt to measure the impact of all types of protection in the European Union.
Messerlin uses partial equilibrium methods to assess the costs to consumers and to evaluate the political economy of European protection. He also examines in detail the intricate relations between the major EU domestic policies-from the Common Agricultural Policy to the Single Market in services-and commercial policy. He aims to assess their dynamic evolution for the decade to come, which will be marked by the first accessions of Central European countries to the EU and by the debate on the European political union. The study provides a valuable agenda for the upcoming round of WTO negotiations and underlines their role as a support for domestic reforms that the EU should undertake for its own benefit.
About the Author: Patrick A. Messerlin, Visiting Fellow, is a Professor of Economics at the Institut d'Etudes Politiques de Paris and Director of the Groupe d'Economie Mondiale de Sciences Politiques (GEM) since its creation in 1997. GEM is a research unit seeking to improve the performance of French and European public policies in a global world. He has been a consultant to various international organizations and firms and served as a Senior Economist at the Research Department of the World Bank from 1986 to 1990. He is also a member of the Advisory Committee on Competition Issues (French Ministry of Economics), and of the G-8 Preparatory Conference. His current research deals with progressive liberalization and regulatory reforms in services. He has written several books on global trade policy, in addition to numerous articles for professional journals, including the Economic Journal, the European Economic Review, Weltwirtschaftliches Archiv, the World Economy, Economic Studies (OECD), European Economy (European Commission) and Revue Economique.
WHAT PEOPLE ARE SAYING
[This] is clearly a major piece of work that reflects an immense effort to get to grips with the impact of the trade policies that are pursued by the EU ... undoubtedly the most complex trade policy setting institution in the world today. [Messerlin] has done an excellent job of describing how EU trade policy gets made (and unmade), how it is evolving, and what costs it imposes on EU citizens and the rest of the world. —(Bernard Hoekman, Development Research Group, The World Bank) — Bernard Hoekman
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