ABSTRACT

Recent years have seen a great deal of trade liberalization worldwide, particularly via the vehicles of regionalism and bilateralism. Certainly, the focus of analysts and policy economists has been firmly on these means of liberalization. At the same time, however, many countries have also chosen to liberalize their international trade regimes unilaterally. Only recently have analysts begun to focus on unilateralism as a means of trade liberalization: (see Bhagwati 1999).