Trade Liberalisation, Economic Development and Poverty Alleviation

9 Pages Posted: 10 Nov 2006

See all articles by David Sapsford

David Sapsford

University of Liverpool Management School (ULMS) - Economics Division

Supriya Garikipati

University of Liverpool

Abstract

In a distinguished career spanning more than four decades, Jagdish Bhagwati has made numerous contributions to both trade theory and trade policy analysis. The current paper focuses on Bhagwati's major contribution to the ongoing debate surrounding the influence of trade liberalisation upon economic development and its potential to alleviate poverty in the world's poorest economies. In order to highlight Bhagwati's contributions in these fields we focus on the arguments developed in two of his numerous landmark publications; first his seminal 1964 paper on the Pure Theory of International Trade and, second, his 2004 book entitled In Defense of Globalization. Although separated in time by some four decades we argue that these two publications, despite their very different characters, each demonstrate beyond doubt the significance of Bhagwati's work in improving our understanding of the true nature of international trade and its potential to address questions of global poverty.

Suggested Citation

Sapsford, David and Garikipati, Supriya, Trade Liberalisation, Economic Development and Poverty Alleviation. The World Economy, Vol. 29, No. 11, pp. 1571-1579, November 2006, Available at SSRN: https://ssrn.com/abstract=943847 or http://dx.doi.org/10.1111/j.1467-9701.2006.00855.x

David Sapsford (Contact Author)

University of Liverpool Management School (ULMS) - Economics Division ( email )

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Supriya Garikipati

University of Liverpool ( email )

Chatham Street
Liverpool, L69 7ZA
United Kingdom

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