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Trade Liberalization and Poverty: The Evidence So Far by Winters L.A., McCulloch N., McKay A. is a nonfiction available to read on EtoBox.

What is Trade Liberalization and Poverty: The Evidence So Far about?

Journal of Economic Literature Vol. XLII (March 2004): pp. 72–115. Most economists accept that, in the long run, open economies fare better in aggregate than do closed ones, and that relatively open policies contribute significantly to development. Many commentators fear, however, that in the shorter run, one of the steps towards openness—trade liberalization— harms poorer actors in the economy, and that, even in the longer run, successful open regimes may leave some people behind in poverty. Liberalization by its nature implies adjustment and so is likely to have distributional impacts, but to what extent are the poor likely to suffer adverse effects? This paper takes these concerns seriously by examining the evidence about whether developing countries’ own trade liberalizations have reduced or increased poverty.

Who reads Trade Liberalization and Poverty: The Evidence So Far?

Author

Winters L.A., McCulloch N., McKay A.

Language

EN

Category

nonfiction

Subjects

Business, Economics