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Adjustment Costs and Trade Liberalization

In: Coping with Trade Reforms

Author

Listed:
  • Santiago Fernández Córdoba
  • Sam Laird
  • Jean-Christophe Maur
  • José María Serena

Abstract

Trade-induced adjustment costs experienced by developing countries are a matter of growing concern within multilateral negotiations liberalization. While the longer-term benefits of trade liberalization are well accepted, the process of transition and associated costs are not as well understood. The challenge is to identify policies that help developing countries reallocate resources to more productive uses with minimal social disruption. In reviewing the literature on structural adjustment costs, we address questions of timing and sequencing, supporting policies and institutions, especially in developing country situations.

Suggested Citation

  • Santiago Fernández Córdoba & Sam Laird & Jean-Christophe Maur & José María Serena, 2006. "Adjustment Costs and Trade Liberalization," Palgrave Macmillan Books, in: Sam Laird & Santiago Fernández Córdoba (ed.), Coping with Trade Reforms, chapter 3, pages 66-85, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37780-6_4
    DOI: 10.1057/9780230377806_4
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    Cited by:

    1. Koopmann, Georg & Hoekstra, Ruth, 2010. "Aid for trade and the political economy of trade liberalization," HWWI Research Papers 2-22, Hamburg Institute of International Economics (HWWI).
    2. Sun, Tianyu & Chand, Satish & Sharpe, Keiran, 2018. "Effect of Aging on Housing Prices: A Perspective from an Overlapping Generation Model," MPRA Paper 89347, University Library of Munich, Germany.

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