Introduction R. E. Baldwin and J. F. Francois; 1. Transition dynamics and trade policy reform J. F. Francois, H. Nordstrom and C. R. Shiells; Discussion R. E. Baldwin; 2. Putting growth effects in computable equilibrium trade models R. E. Baldwin and R. Forslid; Discussion C. Keuschnigg; 3. Innovation, capital accumalation, and economic transition C. Keuschnigg and W. K. Kohler; 4. Multinational production, skilled labour, and real wages J. Markusen and A. Venables; Discussion T. Kehoe; 5. Economic Policy and the manufacturing base A. J. Venables; Discussion J. P. Neary; 6. Liberalisation and investment in a multilateral framework J. F. Francois, B. J. McDonald and H. Nordstrom; Discussion Ian Wooton; 7. Investment creation and investment diversion J. I. Haaland; Discussion A. Smith; 8. Blueprints, spillovers, and dynamic gains from liberalization T. F. Rutherford and D. G. Tarr; Discussion U. Kohli; 9. Trade Policy and North-South migration J. F. Francois and D. Nelson; 10. Long-term modelling of trade and environmental linkages J. Beghin, D. Roland-Holst and D. van der Mensbrugghe; 11. Labour markets and dynamic comparative advantage D. Roland-Holst.