International Trade – A Blessing in Disguise– #3, July, 2022

Overview

Trade has helped increase the number and quality of jobs in developing countries and stimulated economic growth. Trade integration is important not only because of the boost to growth that it can provide but also because there is room for it to be executed in ways that more effectively overcome the constraints faced by the extremely poor. Trade works as an engine of economic growth and a critical tool for combating poverty. With appropriate trade reforms, governments can loosen constraints while lowering transaction costs, promoting competition, and setting clear rules for cross-border commerce. Therefore, this ONW has reviewed and compiled various relevant articles in print and electronic media on the implications of trade on poverty specifically and on the economies in general.