The paper examines the impact of trade liberalization on the poor through its impact on prices and incomes .A simple framework is given which traces the impact of trade liberalization on the poor. There is unambiguous empirical evidence from economies around the globe and for some of the Asian economies included in our sample that trade openness promotes economic growth. Raising economic growth...

The relationship between trade liberalization and economic growth is a hotly contested issue. Some studies claim positive impact while others oppose it. This study uses updated data to generate new evidence for the debate. Using dynamic panel framework Sachs-Warner indicator of liberalization, this finds that does appear growth. generated points advocacy extending volume supporting view classic...

There is little disagreement among most economists that countries benefit from trade liberalization. Yet, whether unilateral, multilateral (through the World Trade Organization) or through regional integration agreements (RIAs), trade liberalization has been one of the most controversial economic issues of our time. It is the focus of everyone from politicians to union leaders and anti-globaliz...

M economists accept that, in the long run, open economies fare better in aggregate than do closed ones, and that relatively open policies contribute significantly to development. Many commentators fear, however, that in the shorter run, one of the steps towards openness—trade liberalization— harms poorer actors in the economy, and that, even in the longer run, successful open regimes may leave ...

We argue that the global spread of ideas contributes to trade liberalization. Building on insights from a rich case-based literature, we suggest an explicit mechanism of trade policy diffusion: US-trained Ph.D. economists, who share a common belief in the benefits of free trade, and who operate with varying degrees of political influence around the world. We offer the first cross-national test ...

One of the longstanding questions in international economics is how to get a country with an economy mired in import protection to one characterized by free trade. Reciprocity and unilateralism are the two most popular answers that economists propose. Unilateralism, or “going alone” with trade liberalization, is the standard policy prescription for a small country that, by definition, cannot af...

The world is just emerging from the worst ®nancial and economic crisis since the Great Depression. While ®nancial variables, such as exchange rates, have stabilized in East Asia, unemployment remains far higher than before the crisis, and real wages far lower. The World Bank estimates that the 1999 output of the ®ve crisis countries of East Asia will still be 17% below what it would have been h...

Title of Dissertation: Essays on Inequality and Reforms: Evidence from India Utsav Kumar, Doctor of Philosophy, 2007 Directed By: Assistant Professor Nuno Limão, Department of Economics Economic reforms along with its promise of increasing income and growth rates have also raised concerns about its distributional implications. These concerns are at the heart of the arguments of those who oppose...