Impact of Trade Liberalization on Developing Countries.
The Relative Impact of Trade Liberalization on Developing Countries
It has become a standard refrain in policy circles that expanded trade holds the key to prosperity for developing countries. According to this view, if the industrialized countries would eliminate their trade barriers, especially in apparel and agriculture, this would provide a basis for growth in developing countries, pulling hundreds of millions of people out of poverty. As the World Bank wrote in its latest Global Economic Prospects: "A reduction in world barriers to trade could accelerate growth, p…
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