Emerging Issues in Trade Policy
Asian Development Bank Institute | July 2000
Growth, achieved through greater trade openness and non-discriminatory domestic policy, is an effective means to reducing poverty. But some of the concerns about the adverse short-term effects of globalization and openness on certain vulnerable groups are legitimate and have to be addressed through appropriate government policy.While participating effectively and equitably in multilateral trade negotiations, developing countries should continue to liberalize their foreign trade regimes unilaterally. Regardless of success or failure in reaching agreements on multilateral liberalization initiatives, action taken to liberalize trade unilaterally and to eliminate domestic distortions will result in significant economic efficiency gains and provide a conducive environment for equitable growth.
CitationAsian Development Bank Institute. 2000. Emerging Issues in Trade Policy. © Asian Development Bank Institute. http://hdl.handle.net/11540/6562.
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