The relationship between openness to trade and economic growthis today well documented. Study after study has shown thatcountries that are more open to trade grow faster than those thatare relatively closed. But four and a half years after the launchof the World Trade Organization’s Doha Development Agenda, with itsgoals of further reducing barriers to trade in goods and services,prospects for an auspicious outcome look remote.
But increased trade does not require new trade agreements.Through unilateral liberalization, policymakers can achieve theU.S. objectives of the Doha Round: better opportunities forAmerican businesses,more affordable products for consumers,improved prospects for farmers and producers in developingcountries, alleviation of poverty, and greater internationalreceptivity to U.S. policies.