This volume is the fourth in an annual series in which top economists provide a concise and accessible evaluation of major developments in trade and trade policy. Each annual volume examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level. Each volume also provides assessments of several of the World Trade Organization's current trade policy reviews.

Peter Lloyd is the editor of The World Economy, Global Trade Policy 1998, published by Wiley. Chris Milner is the editor of The World Economy, Global Trade Policy 1998, published by Wiley.