The link between trade and poverty is a new area of study. Although the recent emphasis on poverty has spurred some initial research (e.g., Winters, 2000; and Ben-David, 2000), this is still mostly theoretical and few empirical investigations have been undertaken. 2 There is a consensus, however, that the essential precondition for sustained poverty alleviation is rapid economic growth. 3 By providing incentives for an efficient allocation of resources, an open and transparent trade regime is an important precondition for broad-based and sustained growth. Thus, in the medium term, trade reform has an important role in poverty alleviation through its effects on the rate and sectoral pattern of growth
Bibliography
Includes bibliographical references (pages 29-32)
Notes
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