Trade and Inclusive Growth

Valerie Cerra
Authors registered in the RePEc Author Service: Roberta Piermartini

No 2021/074, IMF Working Papers from International Monetary Fund

Abstract: This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting literature showing the aggregate benefits of trade versus the adverse and persistent impact of trade, especially import competition, on specific industries and local communities. The paper then reviews the evidence for using trade policies and other complementary policies for adjustment and compensation to those groups adversely affected by trade.

Keywords: trade; inclusive growth; inequality; globalization; growth; poverty; gender; labor; productivity difference; export-led growth; wage inequality; trade facilitation; trade cost; firm productivity difference; liberalization episode; superstar firm; adjustment policy; trade theory; size firm; trade openness; Exports; Imports; Wages; Tariffs; Trade policy; Global (search for similar items in EconPapers)
Pages: 49
Date: 2021-03-12
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (6)

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