Stormy Days on an Open Field: Asymmetries in the Global Economy

Nancy Birdsall

No RP2006-31, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Openness is not necessarily good for the poor. Reducing trade protection has not brought growth to today's poorest countries, and open capital markets have not been good for the poorest households in emerging market economies. In this paper I present evidence on these two points. First, countries highly dependent on primary exports two decades ago, despite their substantial engagement in trade and a marked decline in their tariff rates in the 1990s, have failed to grow.

Keywords: Economic development; Globalization; Income distribution; International economic relations; International trade (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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Working Paper: Stormy Days on an Open Field: Asymmetries in the Global Economy (2006)
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