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Impact of Trade Liberalization on Employment: Review of SAARC Countries

Applied Sciences and Business Economics, 1(1), pp. 49-55, 2014

7 Pages Posted: 6 Nov 2014  

Muhammad Asghar

Bahauddin Zakariya University

Muhammad Umair Yousuf

University of Karachi

Sharafat Ali

Government Postgraduate College Kot Sultan - Department of Economics

Date Written: June 1, 2014

Abstract

Globalization has become the buzzword for many economies today that fails them to think in isolation for their own good. Today, developing economies race to exploit maximum growth opportunities without ever considering social costs associated. One such cost can be seen on the level of Employment (Domestic Labour Demand). The objective of this study is to observe the effect of FTA on employment levels in the context of SAARC Countries including Pakistan, India, Bangladesh and Sri Lanka. Traditionally, positive impact has been observed of Free Trade on the level of employment in developed countries; whereas empirical evidences have suggested negative relationship in case of developing countries.

Keywords: Economic Globalization, Multilateral Trade, Labour Demand, SAARC Economies

JEL Classification: F1, F66, F68

Suggested Citation

Asghar, Muhammad and Yousuf, Muhammad Umair and Ali, Sharafat, Impact of Trade Liberalization on Employment: Review of SAARC Countries (June 1, 2014). Applied Sciences and Business Economics, 1(1), pp. 49-55, 2014. Available at SSRN: https://ssrn.com/abstract=2447214

Muhammad Asghar

Bahauddin Zakariya University ( email )

Bosan Road
Multan, Punjab 60800
Pakistan

Muhammad Yousuf

University of Karachi ( email )

University Road
Karachi, Sindh 75270
Pakistan

Sharafat Ali (Contact Author)

Government Postgraduate College Kot Sultan - Department of Economics ( email )

Government Postgraduate College Kot Sultan, Layyah
Layyah, Punjab 31650
Pakistan

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