Trade Liberalization
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Trade Liberalization

Romain Wacziarg

This compelling Literature Review Article discusses the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the review also analyses more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. This Research Review will be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
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About this Research Review

Romain Wacziarg

About Elgar Research Reviews

Elgar Research Reviews consist of two principal components: a scholarly literature review article and a list of recommended readings.

Each literature review article is prepared by a leading scholar and introduces the relevant field of academic study by surveying the seminal and most transformative articles within that field. The article sets the recommended readings into context, revealing how they have shaped scholarship and why they are important to the development of the field. To facilitate further research the recommended readings are fully referenced.

Using the reference links provided

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Trade Liberalization

Romain Wacziarg (ed.)

ISBN 9781788111492 (2 volume set)

The print edition includes the full text of the literature review article and of the recommended readings. Each recommended reading is presented exactly as it appeared in its original setting.

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