Quantitative Assessments of Textiles Trade Liberalization: A Survey
Available quantitative studies on the effects of textiles market liberalization consistently indicate considerable shifts in production and trade, with output expanding particularly in Asian developing countries and contracting in industrialized countries. Even though all the reviewed studies foresee increases in global welfare as a result of liberalization, there is considerable variation in the magnitude of expected benefits and their distribution. This survey discusses the available assessments and highlights the differences in analytical approaches and data that trigger the variation in results.
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