The Role of Trade in Ending Poverty

The expansion of international trade has been essential to development and poverty reduction. Todays economy is unquestionable global. Trade as a proportion of global GDP has approximately doubled since 1975. Markets for goods and services have bec...

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Bibliographic Details
Main Authors:	World Bank Group, World Trade Organization
Format:	Report
Language:	English en_US
Published:	Geneva: World Trade Organization 2015
Subjects:	TARIFFS POPULATION DENSITIES RISKS CAPITAL MARKETS FISH DURABLE GOODS ECONOMIC GROWTH MULTILATERAL TRADE CLOSED ECONOMIES WORLD TRADE ORGANIZATION PRODUCTION MARKET DISTORTIONS POLICY ENVIRONMENT TRADE NEGOTIATIONS INCOME AGRICULTURAL PRODUCTION TRADE BARRIERS PRODUCERS PROPERTY RIGHTS GDP PER CAPITA TIMBER RESOURCE ALLOCATION LABOR FORCE EXPORTS POLITICAL ECONOMY REVENUES INCENTIVES DISTRIBUTION TRADE REFORMS MODELS EMPIRICAL STUDIES REAL INCOME INPUTS OWNERSHIP DECISIONS REAL WAGES SUSTAINABLE DEVELOPMENT DEVELOPED COUNTRIES TRENDS EMPIRICAL ANALYSIS ECONOMIC ACTIVITY DEVELOPMENT MACROECONOMIC STABILITY COST EFFECTIVENESS EXPLOITATION DRYLANDS COSTS PER CAPITA INCOME OIL FOOD POLICY RESEARCH RENT PRODUCTIVITY ECONOMETRICS LABOR PRODUCTIVITY QUOTAS BARRIERS TO ENTRY DEBT MARKETS WTO INCOME LEVELS WELFARE GAINS TRADE POLICY NATURAL RESOURCES GROSS DOMESTIC PRODUCT METALS SUBSIDIES TRADE POLICIES EFFICIENCY FISHING FOOD PRODUCTION TAXES ACCESS TO INFORMATION RESOURCES UNEMPLOYMENT PRODUCTIVITY GROWTH CONSUMPTION TECHNOLOGICAL CHANGE RURAL COMMUNITIES CAPITAL WAGES CLIMATE CHANGE INTERNATIONAL TRADE VALUES MARKET PRICES VALUE ECONOMIC VALUE COMPETITIVENESS CREDIT QUALITY STANDARDS PURCHASING POWER COMPARATIVE ADVANTAGES DEMAND NATIONAL INCOME ECONOMIES OF SCOPE PRICE CHANGES INTERMEDIATE GOODS ENVIRONMENTS ECONOMY AGRICULTURE EXPENDITURES PROPERTY TARIFF BARRIERS ECONOMIC RENTS TAX RATES TRANSACTION COSTS ENVIRONMENT OLIGOPOLIES ECONOMICS TERMS OF TRADE TAX REVENUE CAPITAL GOODS BUSINESS CYCLES FISHERIES ECONOMIC DEVELOPMENT TRADE ECONOMIC INTEGRATION GDP GOODS LAND THEORY ECONOMIES OF SCALE COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT EXTREME POVERTY TRADE TAXES COMPARATIVE ADVANTAGE FARMS SUPPLY AGRICULTURAL SUBSIDIES MARKET POWER REVENUE EMPIRICAL EVIDENCE RISK MANAGEMENT LIVING CONDITIONS MACROECONOMIC POLICIES INTERMEDIATE INPUTS PROFITS ENVIRONMENTAL LABOR MARKETS OUTCOMES POSITIVE EFFECTS PRICES PRODUCTION COSTS BENEFITS ECONOMIES DEVELOPMENT POLICY INCOME GROUPS PUBLIC GOODS COMPETITION
Online Access:	http://documents.worldbank.org/curated/en/2015/06/24708511/role-trade-ending-poverty http://hdl.handle.net/10986/22081

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Summary:	The expansion of international trade has been essential to development and poverty reduction. Todays economy is unquestionable global. Trade as a proportion of global GDP has approximately doubled since 1975. Markets for goods and services have become increasingly integrated through a fall in trade barriers, with technology helping drive trade costs lower. But trade is not an end in itself. People measure the value of trade by the extent to which it delivers better livelihoods, through higher incomes, greater choice, and a more sustainable future, among other benefits. For the extreme poor living on less than $1.25 a day, the central value of trade is its potential to help transform their lives and those of their families. In this way, there is no doubt that the integration of global markets through trade openness has made a critical contribution to poverty reduction. The number of people living in extreme poverty around the world has fallen by around one billion since 1990. Without the growing participation of developing countries in international trade, and sustained efforts to lower barriers to the integration of markets, it is hard to see how this reduction could have been achieved.

The Role of Trade in Ending Poverty

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