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Has Trade Liberalisation in Poor Countries Delivered the Promises Expected?

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  • Penélope Pacheco-López
  • A.P. Thirlwall

Abstract

The paper reviews the evidence of the impact of trade liberalisation on the economic performance of poor developing countries with respect to poverty reduction, the distribution of income within countries, the distribution of income between countries, trade and the balance of payments, and economic growth, and finds that liberalisation has not delivered the benefits expected. Economic theory, and the historical and contemporary evidence, all provide arguments for protection of industrial activities in developing countries.

Suggested Citation

  • Penélope Pacheco-López & A.P. Thirlwall, 2009. "Has Trade Liberalisation in Poor Countries Delivered the Promises Expected?," Studies in Economics 0911, School of Economics, University of Kent.
    • Handle: RePEc:ukc:ukcedp:0911
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    References listed on IDEAS

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    1. Caro Emiliano ti scrivo...
      by Alberto Bagnai in Goofynomics on 2012-07-22 22:33:00

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    Cited by:

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    2. Atif Khan Jadoon & Ambreen Sarwar, 2020. "Is Trade Liberalisation Pro‐Poor in Pakistan? Evidence from Large‐Scale Manufacturing," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 53(3), pages 360-394, September.
    3. Le, Minh Son, 2014. "Trade openness and household welfare within a country: A microeconomic analysis of Vietnamese households," Journal of Asian Economics, Elsevier, vol. 33(C), pages 56-70.
    4. Cáceres, Luis René, 2018. "Deindustrialization, labour and violence in El Salvador," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

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    More about this item

    Keywords

    Trade liberalisation; trade policy; income distribution; poverty;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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