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TRADE LIBERALISATION AND ECONOMIC PERFORMANCE: AN OVERVIEW**I am grateful to participants at the ESRC Intemational Economics Study Group Annual Conference 2001 and to Raed Safadi, Tony Thirlwall and two anonymous referees for comments on an earlier draft of this paper, to Enrique Blanco de Armas and Carolina Villegas Sanchez for research assistance and to Amy Sheehan, Reto Speck and Nicola Winterton for logistical help. None is to blame for the paper's remaining short-comings

In: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis

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  • L Alan Winters

Abstract

This paper surveys the recent literature on trade liberalisation and economic growth. While there are serious methodological challenges and disagreements about the strength of the evidence, the most plausible conclusion is that liberalisation generally induces a temporary (but possibly long-lived) increase in growth. A major component of this is an increase in productivity. Part 2 stresses the importance of other factors in achieving growth, such as other policies, investment and institutions, but argues that many of these respond positively to trade liberalisation. It also considers the implementation of liberalisation and notes the benefits of simple and transparent trade regimes.

Suggested Citation

  • L Alan Winters, 2015. "TRADE LIBERALISATION AND ECONOMIC PERFORMANCE: AN OVERVIEW**I am grateful to participants at the ESRC Intemational Economics Study Group Annual Conference 2001 and to Raed Safadi, Tony Thirlwall and t," World Scientific Book Chapters, in: Non-Tariff Barriers, Regionalism and Poverty Essays in Applied International Trade Analysis, chapter 15, pages 315-332, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814571272_0015
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