Trade Liberalisation and Economic Performance: An Overview

18 Pages Posted: 29 Apr 2004

See all articles by L. Alan Winters

L. Alan Winters

University of Sussex; IZA Institute of Labor Economics; Centre for Economic Policy Research (CEPR)

Abstract

This paper surveys the recent literature on trade liberalisation and economic growth. While there are serious methodological challenges and disagreements about the strength of the evidence, the most plausible conclusion is that liberalisation generally induces a temporary (but possibly long-lived) increase in growth. A major component of this is an increase in productivity. Part 2 stresses the importance of other factors in achieving growth, such as other policies, investment and institutions, but argues that many of these respond positively to trade liberalisation. It also considers the implementation of liberalisation and notes the benefits of simple and transparent trade regimes.

Suggested Citation

Winters, L. Alan Alan, Trade Liberalisation and Economic Performance: An Overview. Economic Journal, Vol. 114, pp. F4-F21, February 2004. Available at SSRN: https://ssrn.com/abstract=513474

L. Alan Alan Winters (Contact Author)

University of Sussex ( email )

Sussex House
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Brighton, Sussex BNI 9RH
United Kingdom

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

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