This is one of ten studies for the Copenhagen Consensus Project that sought to
evaluate the most feasible opportunities to improve welfare globally and alleviate poverty
in developing countries. It argues that phasing out distortionary government subsidies and
barriers to international trade will yield an extraordinarily high benefit-cost ratio. A
survey is provided of recent estimates, using global economy wide simulation models, of
the benefits of doing that via the current Doha round of...[Show more]
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