Can Free Trade Guarantee Gains from Trade?

Moritz Cruz

No RP2008-97, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Static and dynamic gains from trade are the reasons why countries embark on the path of free trade, expecting this to promote industrialization and development. There is nothing, however, in the conventional theory of international trade that guarantees that these gains will materialize and even if they do, they may not accelerate industrialization and growth. This is because there are a number of deleterious effects that the same theory omits and/or ignores.

Keywords: Commercial policy; Industrialization; International trade; Sustainable development; Trade regulation (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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