Can Trade Reduce Poverty in Africa?

While most economists accept that, in the long run, open economies fare better in aggregate than closed ones, many fears that trade could harm the poor. African countries, for example, have realized significant improvements in trade liberalization...

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Main Authors:	Le Goff, Maëlan, Singh, Rajun Jan
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2013
Subjects:	AGRICULTURE BARRIERS TO ENTRY BENEFITS OF TRADE CAPITAL ACCUMULATION CAPITAL GOODS COMPARATIVE ADVANTAGE COMPETITION POLICY COUNTRY CHARACTERISTICS COUNTRY RISK DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DEVELOPMENT STRATEGIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OPPORTUNITIES ECONOMIC POLICY ECONOMIC STUDIES ECONOMIC VOLATILITY ECONOMICS EDUCATION LEVEL FACTORS OF PRODUCTION FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FOREIGN COMPETITION FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPACT OF TRADE IMPORT BANS IMPORTS IMPROVING GOVERNANCE INCOME INCOMES INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR MARKET LONG RUN MACROECONOMIC STABILITY MONETARY ECONOMICS NATURAL RESOURCES OPEN ECONOMIES OPEN TRADE REGIMES POLICY REFORMS POLICY RESEARCH POOR COUNTRIES POOR PEOPLE POVERTY ALLEVIATION POVERTY REDUCTION PRIMARY EDUCATION PRIVATE SECTOR CREDIT PRO-POOR PROPERTY RIGHTS REAL INCOME RESOURCE ALLOCATION RESTRICTIVE RULES OF ORIGIN SIGNIFICANT IMPACT SPECIALIZATION TECHNOLOGICAL PROGRESS TRADE EFFECTS TRADE FACILITATION TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENING TRADE OPENNESS TRADE POLICIES TRADE PROTECTION TRADE REFORMS TRADE REGIME TRADE RESTRICTIONS UNSKILLED LABOR UNSKILLED WORKERS WAGE INEQUALITY WAGE STRUCTURE WTO
Online Access:	http://documents.worldbank.org/curated/en/2013/04/17629950/can-trade-reduce-poverty-africa http://hdl.handle.net/10986/16123

id	okr-10986-16123
recordtype	oai_dc
spelling	okr-10986-161232021-04-23T14:03:27Z Can Trade Reduce Poverty in Africa? Le Goff, Maëlan Singh, Rajun Jan AGRICULTURE BARRIERS TO ENTRY BENEFITS OF TRADE CAPITAL ACCUMULATION CAPITAL GOODS COMPARATIVE ADVANTAGE COMPETITION POLICY COUNTRY CHARACTERISTICS COUNTRY RISK DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DEVELOPMENT STRATEGIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OPPORTUNITIES ECONOMIC POLICY ECONOMIC STUDIES ECONOMIC VOLATILITY ECONOMICS EDUCATION LEVEL FACTORS OF PRODUCTION FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FOREIGN COMPETITION FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPACT OF TRADE IMPORT BANS IMPORTS IMPROVING GOVERNANCE INCOME INCOMES INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR MARKET LONG RUN MACROECONOMIC STABILITY MONETARY ECONOMICS NATURAL RESOURCES OPEN ECONOMIES OPEN TRADE REGIMES POLICY REFORMS POLICY RESEARCH POOR COUNTRIES POOR PEOPLE POVERTY ALLEVIATION POVERTY REDUCTION PRIMARY EDUCATION PRIVATE SECTOR CREDIT PRO-POOR PROPERTY RIGHTS REAL INCOME RESOURCE ALLOCATION RESTRICTIVE RULES OF ORIGIN SIGNIFICANT IMPACT SPECIALIZATION TECHNOLOGICAL PROGRESS TRADE EFFECTS TRADE FACILITATION TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENING TRADE OPENNESS TRADE POLICIES TRADE PROTECTION TRADE REFORMS TRADE REGIME TRADE RESTRICTIONS UNSKILLED LABOR UNSKILLED WORKERS WAGE INEQUALITY WAGE STRUCTURE WTO While most economists accept that, in the long run, open economies fare better in aggregate than closed ones, many fears that trade could harm the poor. African countries, for example, have realized significant improvements in trade liberalization in recent decades, yet Africa remains the poorest continent in the world. It seems that the large gains expected from opening up to international economic forces have been limited in Africa, especially for poor people. Drawing on the findings of a recently published working paper (Le Goff and Singh 2013), this note argues that the benefits of trade are not automatic, but rather depend on accompanying policies aimed at developing the financial sector, promoting primary education, and improving governance. This accompanying policy agenda allows people to take advantage of the opportunities offered by freer trade, by reallocating resources away from less productive activities to more promising ones. Trade liberalization therefore should not be implemented on its own, but with the necessary complementing policies. 2013-10-11T19:45:53Z 2013-10-11T19:45:53Z 2013-04 http://documents.worldbank.org/curated/en/2013/04/17629950/can-trade-reduce-poverty-africa http://hdl.handle.net/10986/16123 English en_US Economic Premise;No. 114 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Africa Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	AGRICULTURE BARRIERS TO ENTRY BENEFITS OF TRADE CAPITAL ACCUMULATION CAPITAL GOODS COMPARATIVE ADVANTAGE COMPETITION POLICY COUNTRY CHARACTERISTICS COUNTRY RISK DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DEVELOPMENT STRATEGIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OPPORTUNITIES ECONOMIC POLICY ECONOMIC STUDIES ECONOMIC VOLATILITY ECONOMICS EDUCATION LEVEL FACTORS OF PRODUCTION FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FOREIGN COMPETITION FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPACT OF TRADE IMPORT BANS IMPORTS IMPROVING GOVERNANCE INCOME INCOMES INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR MARKET LONG RUN MACROECONOMIC STABILITY MONETARY ECONOMICS NATURAL RESOURCES OPEN ECONOMIES OPEN TRADE REGIMES POLICY REFORMS POLICY RESEARCH POOR COUNTRIES POOR PEOPLE POVERTY ALLEVIATION POVERTY REDUCTION PRIMARY EDUCATION PRIVATE SECTOR CREDIT PRO-POOR PROPERTY RIGHTS REAL INCOME RESOURCE ALLOCATION RESTRICTIVE RULES OF ORIGIN SIGNIFICANT IMPACT SPECIALIZATION TECHNOLOGICAL PROGRESS TRADE EFFECTS TRADE FACILITATION TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENING TRADE OPENNESS TRADE POLICIES TRADE PROTECTION TRADE REFORMS TRADE REGIME TRADE RESTRICTIONS UNSKILLED LABOR UNSKILLED WORKERS WAGE INEQUALITY WAGE STRUCTURE WTO
spellingShingle	AGRICULTURE BARRIERS TO ENTRY BENEFITS OF TRADE CAPITAL ACCUMULATION CAPITAL GOODS COMPARATIVE ADVANTAGE COMPETITION POLICY COUNTRY CHARACTERISTICS COUNTRY RISK DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT RESEARCH DEVELOPMENT STRATEGIES ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC LITERATURE ECONOMIC OPPORTUNITIES ECONOMIC POLICY ECONOMIC STUDIES ECONOMIC VOLATILITY ECONOMICS EDUCATION LEVEL FACTORS OF PRODUCTION FINANCIAL DEPTH FINANCIAL DEVELOPMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTORS FOREIGN COMPETITION FOREIGN INVESTORS GDP GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL TRADE GLOBALIZATION GROSS DOMESTIC PRODUCT GROWTH RATE HUMAN CAPITAL IMPACT OF TRADE IMPORT BANS IMPORTS IMPROVING GOVERNANCE INCOME INCOMES INTERNATIONAL ECONOMICS INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR MARKET LONG RUN MACROECONOMIC STABILITY MONETARY ECONOMICS NATURAL RESOURCES OPEN ECONOMIES OPEN TRADE REGIMES POLICY REFORMS POLICY RESEARCH POOR COUNTRIES POOR PEOPLE POVERTY ALLEVIATION POVERTY REDUCTION PRIMARY EDUCATION PRIVATE SECTOR CREDIT PRO-POOR PROPERTY RIGHTS REAL INCOME RESOURCE ALLOCATION RESTRICTIVE RULES OF ORIGIN SIGNIFICANT IMPACT SPECIALIZATION TECHNOLOGICAL PROGRESS TRADE EFFECTS TRADE FACILITATION TRADE INTEGRATION TRADE LIBERALIZATION TRADE OPENING TRADE OPENNESS TRADE POLICIES TRADE PROTECTION TRADE REFORMS TRADE REGIME TRADE RESTRICTIONS UNSKILLED LABOR UNSKILLED WORKERS WAGE INEQUALITY WAGE STRUCTURE WTO Le Goff, Maëlan Singh, Rajun Jan Can Trade Reduce Poverty in Africa?
geographic_facet	Africa Africa
relation	Economic Premise;No. 114
description	While most economists accept that, in the long run, open economies fare better in aggregate than closed ones, many fears that trade could harm the poor. African countries, for example, have realized significant improvements in trade liberalization in recent decades, yet Africa remains the poorest continent in the world. It seems that the large gains expected from opening up to international economic forces have been limited in Africa, especially for poor people. Drawing on the findings of a recently published working paper (Le Goff and Singh 2013), this note argues that the benefits of trade are not automatic, but rather depend on accompanying policies aimed at developing the financial sector, promoting primary education, and improving governance. This accompanying policy agenda allows people to take advantage of the opportunities offered by freer trade, by reallocating resources away from less productive activities to more promising ones. Trade liberalization therefore should not be implemented on its own, but with the necessary complementing policies.
format	Publications & Research :: Brief
author	Le Goff, Maëlan Singh, Rajun Jan
author_facet	Le Goff, Maëlan Singh, Rajun Jan
author_sort	Le Goff, Maëlan
title	Can Trade Reduce Poverty in Africa?
title_short	Can Trade Reduce Poverty in Africa?
title_full	Can Trade Reduce Poverty in Africa?
title_fullStr	Can Trade Reduce Poverty in Africa?
title_full_unstemmed	Can Trade Reduce Poverty in Africa?
title_sort	can trade reduce poverty in africa?
publisher	World Bank, Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2013/04/17629950/can-trade-reduce-poverty-africa http://hdl.handle.net/10986/16123
_version_	1764432204161613824

Can Trade Reduce Poverty in Africa?

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