Economics, Econometrics and Finance
4 years ago

Trade Liberalization Sparks Economic Growth in New Study

The World Bank Economic Review
Trade Liberalization and Growth: New Evidence
Romain Wacziarg, Karen Horn Welch

Paper Summary

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Trade liberalization can lead to economic growth, according to a study published in 2008. The researchers analyzed data and found that countries that opened up their trade policies experienced higher levels of economic growth. This suggests that reducing barriers to international trade can have positive effects on a country's economy.