Trade, Trade Policy and Development

Chris Milner

Chapter 20 in Palgrave Handbook of International Trade, 2013, pp 622-659 from Palgrave Macmillan

Abstract: Abstract Although the consensus has changed over time, the present consensus (in particular among those with a neoclassical training) is that openness to international trade and outward-oriented trade strategies are in general beneficial for countries, including developing countries. Nonetheless, the underpinning of that consensus by theory and empirical evidence gives rise to considerably more controversy than might be inferred from the consensus on the net or overall evaluation. In this chapter we seek to review the individual issues and controversies that exist in the theoretical and empirical literatures on the roles of trade and trade policy in economic development.

Keywords: Total Factor Productivity; Free Trade; Real Exchange Rate; Trade Policy; Trade Strategy (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30531-1_20

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DOI: 10.1007/978-0-230-30531-1_20

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