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Trade and Inclusive Growth
Author:
Ms. Valerie Cerra
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Series:
IMF Working Papers
Volume/Issue:
Volume 2021: Issue 074
Language:
English
Publication Date:
12 Mar 2021
DOI:
https://doi.org/10.5089/9781513572734.001
ISBN:
9781513572734
ISSN:
1018-5941
Pages:
49
Keywords:
trade; inclusive growth; inequality; globalization; growth; poverty; gender; labor; productivity difference; export-led growth; wage inequality; trade facilitation; trade cost; firm productivity difference; liberalization episode; superstar firm; adjustment policy; trade theory; size firm; trade openness; Exports; Imports; Wages; Tariffs; Trade policy; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting literature showing the aggregate benefits of trade versus the adverse and persistent impact of trade, especially import competition, on specific industries and local communities. The paper then reviews the evidence for using trade policies and other complementary policies for adjustment and compensation to those groups adversely affected by trade.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund