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. (2) Free world trade has similar, but larger, impacts. (3) Domestic trade liberalization induces an expansion of … liberalization effects far outweigh those of free world trade when these scenarios are combined. (5) Remittances constitute a … powerful poverty-reducing tool given their greater importance in the income of the poor. "--World Bank web site …
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"Anderson offers an economic assessment of the opportunities and challenges provided by the World Trade Organization … showing that farm product markets remain the most costly of all goods market distortions in world trade. The author focuses on … implication of trade policy reforms"--World Bank web site …
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A survey of more than 50 empirical papers shows that the adjustment costs of trade liberalization are small relative to the benefits. Moreover, manufacturing employment typically increases with trade liberalization. The limited data suggests that trade liberalization reduces poverty
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