Rules of Thumb for Trade Policy for Poverty Reduction

Constantine Michalopoulos, Maurice Schiff and David Tarr

Chapter 2 in Trade Policies for Development and Transition, 2017, pp 53-60 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The effect of trade reform on growth will depend on a variety of complementary policies and institutions. In low income countries, the key complementary policies/institutions that need to be analyzed fall into the following major areas: (a) macro-economic, and especially exchange rate policy; (b) the operation of the market for labor, since the poor are often concentrated in the informal sector; (c) the operation of the markets for agriculture—which is both a major source of income and accounts for a large portion of the household expenditures of the poor; (d) access of the poor to trade related services—for example, credit, marketing, transportation; and (e) access to safety nets. There are of course other issues, such as governance, which are important here as well as in other reform efforts. What follows provides a “checklist” of questions and issues that can be considered in the design and pursuit of trade reform…

Keywords: International Trade Policy; Developing Countries; Transition Countries; Growth; Poverty; Environment; Multilateral; Adjustment Costs; Autos and Steel (search for similar items in EconPapers)
JEL-codes: F13 (search for similar items in EconPapers)
Date: 2017
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