,,
By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: November 2004
Publisher: Center for Economic and Policy Research
Author(s): Mark Weisbrot; David Rosnick; Dean Baker
Research Area: Trade
Keywords: Patent monopolies; Standard of living; Wage inequality
Type: Report
Coverage: United States
Abstract:
Many economists and policy analysts have promoted trade liberalization in rich countries as the most effective way to reduce poverty in the developing world. Cline (2004), one of the leading references on this topic, projected that rich country trade liberalization would lift 540 million people out of poverty. This paper analyses Cline’s projections and finds that the impact of trade liberalization on poverty would be very small.