The Analytical Approach

Abstract

It is useful to describe at the outset the analytical tool or model and the scheme of analysis used to obtain the economic and social consequences of removing protection. We begin by examining the essential as well as desirable properties of any tool for analyzing the issues addressed. Then, in Section 3.2, we justify our approach and briefly describe our analytical tool, the Basic Linked System (BLS), in a nontechnical fashion. The scheme of analysis followed (including a description of the notion of trade liberalization in this study, the alternative scenarios, the approach used to explain the results of scenarios, and the welfare indicators used to evaluate the results) is described in Section 3.3.