Gains from Trade: Implications for Labour Market Adjustment and Poverty Reduction in Africa

Augustin Fosu (afosu@isser.edu.gh) and Andrew Mold

No RP2007-65, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper reassesses the gains from trade for sub-Saharan Africa, and draws their implications for labour market adjustment and poverty reduction. It reviews previous studies on multilateral liberalization, focusing on the findings from computable general equilibrium (CGE) models with relevance to African economies. The implications of these findings for poverty reduction are discussed. Our own CGE exercise supports the hypothesis that African countries cannot expect substantial gains from further multilateral liberalization.

Keywords: Mathematical models (Equilibrium (Economics)); International trade; Labour market; Poverty (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (10)

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Journal Article: Gains from Trade: Implications for Labour Market Adjustment and Poverty Reduction in Africa (2008)
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