Trade Liberalization and Economic Development: the relentless pursuit of a conductor loop
Keywords:
trade liberalization, economic development, trade policyAbstract
This paper studies the attempts to find a common link between trade liberalization and economic development. Previous research was reviewed and it is noted they have failed to find elements which allow to infer of a direct and significant relationship between the variables analyzed. Nevertheless, from different multilateral agencies recommendations are made assuming that such a relationship exists. In conclusion, trade policy should be seen as one element in an overall development strategy and not as a tool that by itself guarantees results independently.
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References
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