1887

UN Department of Economic and Social Affairs (DESA) Working Papers

The UN Department of Economic and Social Affairs (DESA) Working Papers aim to stimulate discussion and critical comment on the broad range of economic, social and environmental issues associated with the United Nations Development Agenda.

English

What We Do and Don’t Know about Trade Liberalization and Poverty Reduction

Strong opinions about the impact of globalization on poverty are not always backed by robust factual evidence. As argued in this paper, however, it is not all that easy to lay our hands on ‘robust’ facts. Quantitative analyses of trade liberalization appear highly sensitive to basic modelling and parameter assumptions. Altering these could turn the expectation that, for instance, Africa’s poor stand to gain from further trade opening under the Doha Round into one in which they would stand to lose. Most studies agree though that trade opening probably adds to aggregate welfare, but gains are small and unevenly distributed.

English

Keywords: Welfare and Poverty, Foreign Exchange Policy, Trade and Labour Market Interactions, Trade Policy, International Linkages to Development, Economic Integration, Computable General Equilibrium Models
JEL: C68: Mathematical and Quantitative Methods / Mathematical Methods; Programming Models; Mathematical and Simulation Modeling / Computable General Equilibrium Models; F13: International Economics / Trade / Trade Policy; International Trade Organizations; O24: Economic Development, Innovation, Technological Change, and Growth / Development Planning and Policy / Development Planning and Policy: Trade Policy; Factor Movement; Foreign Exchange Policy; O19: Economic Development, Innovation, Technological Change, and Growth / Economic Development / International Linkages to Development; Role of International Organizations; F16: International Economics / Trade / Trade and Labor Market Interactions; I3: Health, Education, and Welfare / Welfare, Well-Being, and Poverty; F15: International Economics / Trade / Economic Integration
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