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Contents: Global perspectives--Unraveling the threads of the MFA; Effects of the multi-fibre arrangement on developing country exporters: a simple theoretical framework; Effects of the multi-fibre arrangement on developing countries' trade: an empirical investigation; Adjusting to textile and clothing quotas: a summary of some Commonwealth countries' experiences; Established and emerging exporters' perspectives--China and the multi-fibre arrangement; Republic of Korea: rapid growth in spite of protectionism abroad; India, the multi-fibre arrangement and the Uruguay Round; Alternative approaches to returning textiles and clothing to normal GATT trading rules--How to cut the textile knot: alternative paths to liberalization of the MFA; Textiles in the Uruguay Round: alternative modalities for integration into GATT; Some considerations on the multi-fibre arrangement: past, present and future; Returning textiles trade to the normal workings of GATT: a practical proposal for reform. (Copyright (c) The International Bank for Reconstruction and Development/The World Bank.)