IMF Working Papers

Trade and Inclusive Growth

By Marc Bacchetta, Valerie Cerra, Roberta Piermartini, Maarten Smeets

March 12, 2021

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Marc Bacchetta, Valerie Cerra, Roberta Piermartini, and Maarten Smeets. Trade and Inclusive Growth, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Disclaimer: 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.

Summary

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.

Subject: Economic sectors, Exports, Financial crises, Imports, International trade, Labor, Tariffs, Taxes, Trade policy, Wages

Keywords: Adjustment policy, Export-led growth, Exports, Firm productivity difference, Gender, Global, Globalization, Growth, Imports, Inclusive growth, Inequality, Labor, Liberalization episode, Poverty, Productivity difference, Size firm, Superstar firm, Tariffs, Trade, Trade cost, Trade facilitation, Trade openness, Trade policy, Trade theory, Wage inequality, Wages

Publication Details

  • Pages:

    49

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2021/074

  • Stock No:

    WPIEA2021074

  • ISBN:

    9781513572734

  • ISSN:

    1018-5941

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