Pacheco-López, Penélope; Thirlwall, Anthony P. - 2009
world (see Thirlwall and Pacheco-López, 2008), which leads us to four general,
but important, conclusions. The first is … impact of trade liberalisation on
reducing world poverty has been minimal, and may have increased it. Thirdly, trade … welfare gain is possible by encouraging more domestic
employment until the social cost of production is equal to the world …