Publication Type
Book Chapter
Version
submittedVersion
Publication Date
4-2008
Abstract
Trade liberalization is good for growth, and growth is good for the poor. This argument is simple but powerful. It has served as the departure point for discussion of the link between trade and poverty among economists and policy-makers, regardless of whether and to what extent they buy this argument. Krueger (1998) considers the inefficiencies that import substitution strategy creates and argues that trade liberalization undertaken at a period of low or negative growth rates can normally lead to a period of higher growth rates. Bhagwati and Srinivasan (2002) emphasize the empirical evidence of China and India. That is, these two giant economies achieved faster growth and poverty reduction through greater integration into the world economy. Dollar and Kraay (2002, 2004) use cross country regression to support this argument.
Keywords
Trade liberalization, microsimulation, computable general equilibrium, small-area estimation, Vietnam
Discipline
Asian Studies | International Economics
Research Areas
Applied Microeconomics
Publication
Globalization and the Poor in Asia: Can Shared Growth Be Sustained?
First Page
47
Last Page
89
ISBN
9780230201880
Identifier
10.1057/9780230594005_3
Publisher
Palgrave Macmillan
City or Country
London
Citation
FUJII, Tomoki and Roland-Holst, David.
How Does Vietnam's Accession to the World Trade Organization Change the Spatial Incidence of Poverty?. (2008). Globalization and the Poor in Asia: Can Shared Growth Be Sustained?. 47-89.
Available at: https://ink.library.smu.edu.sg/soe_research/568
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1057/9780230594005_3