Introduction and Overview

Paul Brenton

Chapter 1 in International Trade, Distribution and Development:Empirical Studies of Trade Policies, 2014, pp 1-21 from World Scientific Publishing Co. Pte. Ltd.

Abstract: More than 25 years ago Robert Baldwin decried the “long-standing lack of interest by economists in trade policy matters”. Has this changed? The assertion of this introductory chapter is that empirical analysis of international trade and trade policies is as important as ever. While the theoretical support for the benefits of open trade regimes has been strengthened over time, policymakers remain skeptical that trade liberalization is more than a zero sum game and fail to internalize that openness to trade brings significant benefits to an economy that exceed the costs of adjustment that may be incurred. The chapter then summarises the subsequent collection of papers which have sought to contribute to policy discussions around the impact of trade policies…

Keywords: Trade; Economic Development; Empirical Studies; Modelling (search for similar items in EconPapers)
Date: 2014
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