International Trade's Impact on Poverty

Vasil Gechev ()
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Vasil Gechev: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2016, issue 2, 122-169

Abstract: International trade is one of the fastest developing sectors of the world economy, with total merchandise trade growing from $7.1 trillion in 1990 to $30.8 trillion in 2010. For the same period, the number of people living in extreme poverty (with under $1.25/day) worldwide has declined with nearly 800 million. This simultaneous growth of trade volumes and reduction of extreme poverty at macro level is the starting point of the analysis. Since a classical (mono-dimensional) ‘cause-effect’ relationship between trade and poverty cannot be identified, international trade’s impact on poverty has been examined through the static and dynamic effects of trade. The analysis features a broad empirical research, covering the regions with the highest concentration of extreme poverty – Africa, Asia and Latin America. The paper’s main thesis is that the long-term positive impact on poverty depends largely on the dynamic effects of trade.

Keywords: international trade; poverty; developing countries; economic development. (search for similar items in EconPapers)
JEL-codes: F14 F19 F63 I32 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2016:i:2:p:122-169

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