Theoretical perspectives on trade, growth and poverty reduction
- Author: United Nations
- Main Title: Assessing Regional Integration in Africa IV , pp 39-73
- Publication Date: June 2010
- DOI: https://doi.org/10.18356/7430ab70-en
- Language: English
The consensus in the theoretical literature is that trade promotes economic growth and reduces poverty, because it behaves as a channel through which surplusnational production can exchange the products of other countries. Trade also encourages the allocation of resources based on the perceived comparative advantages of participating countries and drives economic growth. Participating countries derive significant welfare gains from trading.
© United Nations
ISBN (PDF):
9789210598811
Book DOI:
https://doi.org/10.18356/3f05a849-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
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