The Rhetoric and Reality of Trade Liberalisation in Developing Countries

Posted: 15 Apr 2013

See all articles by A. P. Thirlwall

A. P. Thirlwall

University of Kent - Canterbury Campus

Date Written: April 2013

Abstract

The paper reviews the evidence of the impact of trade liberalisation on the economic performance of poor developing countries with respect to trade and the balance of payments, economic growth, poverty reduction, the distribution of income within countries, and the distribution of income between countries, and finds that trade 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.

Keywords: Income Distribution, Poverty, Trade Liberalisation, Trade Policy

JEL Classification: F10, F13, F43, F46

Suggested Citation

Thirlwall, A. P., The Rhetoric and Reality of Trade Liberalisation in Developing Countries (April 2013). Rivista Italiana degli Economisti, Vol. 1, April 2013, Available at SSRN: https://ssrn.com/abstract=2248525

A. P. Thirlwall (Contact Author)

University of Kent - Canterbury Campus ( email )

Keynes College
Canterbury, Kent CT2 7NP
United Kingdom

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