Trade Liberalization and Economic Development

Author(s):  
H. W. Singer
2021 ◽  
Vol 8 (10) ◽  
pp. 47-50
Author(s):  
Hui Li ◽  

With the rapid economic development and strong policy support, the targets and tasks of poverty alleviation are completed on schedule, but the foundation of anti-poverty areas is not solid and the internal motivation is insufficient. At the same time, China's agricultural trade liberalization has also penetrated in all aspects of economy, employment and society. This paper explains the current situation in detail and analyzes the relationship between agricultural trade liberalization and the prevention of return to poverty, and what strategies should be made at this stage to prevent the return to poverty at this stage.


2018 ◽  
Vol 2018 (13) ◽  
Author(s):  
Fernando Leibovici ◽  
◽  
Jonas Crews

2019 ◽  
Vol 4 (1) ◽  
pp. 122-124
Author(s):  
SUNDAY ELIJAH ◽  
AHMED BALARABE MUSA

This research examined trade liberalization as one of the drivers of economic development between 1986 – 2016, according to World Development Report, irrespective of under unfavourable or favourable environment, open economies perform better compared with closed economy. It is acceptable standard that trade liberalization brings about employment generation, income creation, resource production, large total output improvements and relaxation or removal of foreign trade limitations (Nnadozie, 2013). Empirical researches was done in Nigeria on relationships between trade and economic development (Ehinomen & Da’silva, 2014)(Ezeuchenne, 2017) they had varied findings because of poor coverage, different techniques and sample size, therefore the need for empirical investigation; the period of choice was because of data availability. Autoregressive Distributed Lag(ARDL) was used as research econometric tool. The study findings revealed that trade liberalization did not cause growth during the period of the study.


2013 ◽  
Vol 4 (3) ◽  
pp. 131-140 ◽  
Author(s):  
Tchouassi Tchouassi

This paper documents that trade liberalization and democracy contribute positively to economic development. A panel of 11 Central Africa countries with 176 observations from 1995 to 2010 was used to econometrically verify this assertion. Estimation using the general least square (GLS) with the overall R-square (R2 = 0.0325) shows that there is a relationship between the economic development captured here with Human development indicators (HDI), democracy, importations, exportations, inflation and regional integration. Inflation and exports negatively affect the well-being of the population. An increase in inflation rate causes a reduction in purchasing power. An increased in exports commodities tends to decrease the quantity of goods available for the country of origin. Imports have a positive effect on HDI probably because this variable tends to increase the quantity of goods available. Imports and democracy have a positive effect on the level of development among Central African countries. The paper’s findings are important to Central Africa policy makers towards creation and increasing trade within, between and with other democratic countries.


2014 ◽  
Vol 3 (3) ◽  
pp. 1-18 ◽  
Author(s):  
Vasily Erokhin

Until recently only one of the largest economies – Russia was not among the WTO members. Russia's accession into the WTO drew out hidden structural problems of national economy, low competitiveness of domestic producers, dependence on fossil-fuel exports, and regional disparities. The paper aims at overview of the existing distortions of Russia's foreign trade and their potential threats to sustainable economic development and national economic security in view of the running trade liberalization. Regional implementations of trade liberalization are investigated on the case of the Stavropol Krai, one of the southern regions of Russia with an average level of economic development. The Gravity model is implemented to analyze trade activities of the region; the Boundary Effect Model is utilized to evaluate the effects of trade liberalization on separate industries. Simulation allowed distributing regional commodities on their competitiveness depending on export quota and boundary effect, and accessing aftermaths of export expansion and import substitution.


Science ◽  
2009 ◽  
Vol 323 (5911) ◽  
pp. 211-212 ◽  
Author(s):  
J. K. Sundaram ◽  
R. von Arnim

2016 ◽  
Vol 7 (2) ◽  
Author(s):  
Sheikh Shahnawaz

AbstractThe recent proliferation of trade agreements and swelling membership of the WTO can be explained in part by the promise of faster growth and economic development that trade liberalization is supposed to deliver. But many countries enter into arrangements that fail to safeguard national health objectives. This article proposes some explanations by developing a formal model. It identifies a country’s trade negotiation capacity, the significance of its exports to its trade partners, and its public health status as important determinants of how sensitive its trade agreements are to its health concerns. Some examples are provided to illustrate the predictions of the model.


2004 ◽  
Vol 7 (2) ◽  
pp. 299-315 ◽  
Author(s):  
SM Olufemi

The study specifically investigated the causality between the openness variable and economic growth, using data from the Nigerian economy. Previous studies in Nigeria have interpreted the regression results of output variables on the export trade variable as providing support for trade liberalization as engine for growth with less emphasis on other measures like import. Such an interpretation is questionable, since these regressions provided no means for determining the direction of causality. This paper performed causality tests with various forms of openness measures and economic growth. The results indicated a uni-directional relationship between openness and growth. This shows that an increasing level of openness will be beneficial, depending on the level of economic development in Nigeria. The result is robust across different measures of openness and analytical techniques.


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