Trade and development - a selective review
Original version
Working Paper, NUPI nr 681. NUPI, 2005Abstract
This paper reviews parts of the recent literature on trade and growth.
The relationships between trade and growth have been extensively studied in recent
research. Many studies indicate that trade stimulates income and growth. The literature is
controversial and many studies are criticised for weaknesses in methodology. Despite the
methodological controversies, most evidence gives support for the view that trade stimulates
growth. It is argued that major deficiency in the literature is that it does not discriminate
between the impact of market access in other countries and the impact of liberal domestic
trade policies.
Description
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