Abstract
Successful conclusion of the GATT Uruguay Round promises huge benefits to world trade and aggregate gross domestic product. However, benefits are not spread evenly, and in fact, some projections show the poorest countries of the world will suffer from reduced trade bamers. SMART is a World Bank and UNCTAD software to assess trade effects at a country by product level. Mauritius is an emerging African economy whose main agricultural export is sugar to the European Union, while Madagascar's emphasis is on fish and tropical beverages to the E.U. and spices to the United States. Simulations from this program indicate that Mauritius and Madagascar will suffer slight export losses as a result of the Uruguay Round. Implications are discussed.
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