Work

Trade liberalization and poverty reduction

Year: 2016

Type: article

Abstract: aUthOr's MaiN MessaGeBoth cross-country regression studies and single-country studies support the claim that liberalizing trade will reduce poverty.Both China and India, the greatest examples of the positive effects of trade on poverty, experienced huge reductions in poverty following extensive trade reforms.However, not all studies find significant positive gains from trade reforms.What seems to matter for the impact of trade on poverty is having the right kind of domestic institutions and policies.Greater road density, sensible labor regulations, and greater financial development enhance this impact. trade liberalization and poverty reductionTrade can reduce poverty when accompanied by appropriate policies and institutions Keywords: international trade,

Source: IZA World of Labor

DOI: 10.15185/izawol.272

Author: Devashish Mitra

Institutions: IZA - Institute of Labor Economics, University of Chicago, Syracuse University

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: No poverty, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W2467259441