Trade Liberalization in a Globalizing World Globalization is not only about the rise of trade, FDI, and migration. It is also about the changing linkages among these flows. The main findings of the paper can be summarized as follows. First, at least in the nineties, import trade liberalization fostered not only trade but also inward investment, confirming that trade and FDI toward developing co...

We study how …nancial frictions and the saving rate shape the long-run e¤ects of trade liberalization on income, consumption and the distribution of wealth in …nancially underdeveloped economies. In our model, regardless of whether the capital account is open or not, trade liberalization reduces the share of wealth in the hands of entrepreneurs and may well reduce steady state consumption and i...

To understand the potential impacts of China’s accession to WTO in her new de-sulphur policy (reduction of 10% of SO2 emission in 2005 with respect to that of 2000), we construct a CGE model in which the SO2 emission is linked directly to energy intermediary consumption in production. The positive externality of trade on China’s economy is also included. This model is then calibrated into a 55-...

1 Paper prepared for UNDP/IDB/World Bank/CEPAL project " Balance of Payments Liberalization, Distribution and Poverty in Latin America " and originally presented at project seminar in Rio de Janeiro, other seminar participants, as well as to Geske Dijkstra and an anonymous referee for helpful comments on a previous draft. The Institute of Social Studies is Europe's longest-established centre of...