Reducing Trade Inequality: A Network-Based Assessment

J. Garcia-Algarra, G. Gómez Bengoechea and M. L. Mouronte-López

Complexity, 2020, vol. 2020, 1-9

Abstract:

International trade, the network that underpins globalization, shows an extreme inequality. Despite efforts of multilateral organizations to foster a more fair world through trade agreements, it is hard to assess the effect of these changes on such a complex system. We have measured, using numerical simulation on a recently published network model, the impact of simple policies to boost trade chances among the weakest economies. Results suggest that global inequality may be reduced improving trade among low-income economies.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:hin:complx:1593215

DOI: 10.1155/2020/1593215

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