Developing countries stand to benefit most from global trade liberalization.
The article looks at how trade policies can benefit different countries. By using a special model, the researchers found that developing countries benefit more from trade liberalization by other countries than from their own reforms. Developed countries gain the most from opening up agricultural trade, while developing countries benefit more from manufacturing trade. Most of the global gains come from reducing tariffs, especially in agriculture and food. This shows how important it is to improve trade in agriculture for everyone.