Economic Policy 42

Top economists provide a concise and accessible evaluation of major developments in trade and trade policy. Examination of key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level. Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews.

Editors' introduction. Securitization of taxes implicit in PAYG pensions: Salvador Valdes-Prieto. Capital quality improvement and the sources of economic growth in the euro area: Plutarchos Sakellaris, Focco Vijselaar. Fear of service outsourcing: is it justified?: Mary Amiti and Shang-Jin Wei. Trade liberalization in the Doha Development Round:Joseph Francois, Hans van Meijl and Frank van Tongeren.