In a recent paper, Kym Anderson, Will
Martin, and Dominique van der Mensbrugghe
of the World Bank estimated the dollar value
of SSA welfare gains resulting from full liberalization
of global merchandise trade.70 Taking
2001 as the base year, the authors estimated
that by 2015 annual welfare growth in SSA
would be US $4.8 billion71 greater than it
would have been had no trade liberalization
taken place.72 However, it is notable that SSA
welfare gains from global trade liberalization
would be smaller than those of many other
developing regions, including Latin America