Lifting global trade barriers could boost incomes and alleviate rural poverty in developing countries.
The paper looks at how changing global trade rules could benefit developing countries, especially in agriculture. By analyzing trade barriers and subsidies, the researchers found that removing these barriers could increase incomes in Sub-Saharan Africa more than in other regions. This would also boost farm employment, agricultural output, and reduce rural poverty. Even partial trade liberalization could help, especially if developing countries lower their tariffs on imports, particularly in agriculture.
