Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions
Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries, yet global trade in farm products continues to be far more distorted than trade in non-farm goods. Those distortions reduce some forms of poverty and inequality but wors...
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| Format: | Journal Article |
| Language: | EN |
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2012
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| Online Access: | http://hdl.handle.net/10986/5723 |
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okr-10986-57232021-04-23T14:02:23Z Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions Anderson, Kym Cockburn, John Martin, Will Trade Policy International Trade Organizations F130 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Human Resources Human Development Income Distribution Migration O150 Agriculture in International Trade Q170 Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries, yet global trade in farm products continues to be far more distorted than trade in non-farm goods. Those distortions reduce some forms of poverty and inequality but worsen others, so the net effects are unclear without empirical modelling. This article summarises a series of new economy-wide global and national empirical studies that focus on the net effects of the remaining distortions to world merchandise trade on poverty and inequality globally and in various developing countries. The global Linkage model results suggest that removing those remaining distortions would reduce international inequality, largely by boosting net farm incomes and raising real wages for unskilled workers in developing countries, and would reduce the number of poor people worldwide by 3 per cent. The analysis based on the Global Trade Analysis Project model for a sample of 15 countries, and nine stand-alone national case studies, all point to larger reductions in poverty, especially if only the non-poor are subjected to increased income taxation to compensate for the loss of trade tax revenue. 2012-03-30T07:34:13Z 2012-03-30T07:34:13Z 2011 Journal Article World Economy 03785920 http://hdl.handle.net/10986/5723 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
EN |
| topic |
Trade Policy International Trade Organizations F130 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Human Resources Human Development Income Distribution Migration O150 Agriculture in International Trade Q170 |
| spellingShingle |
Trade Policy International Trade Organizations F130 Measurement and Analysis of Poverty I320 Economic Development: Agriculture Natural Resources Energy Environment Other Primary Products O130 Economic Development: Human Resources Human Development Income Distribution Migration O150 Agriculture in International Trade Q170 Anderson, Kym Cockburn, John Martin, Will Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions |
| relation |
http://creativecommons.org/licenses/by-nc-nd/3.0/igo |
| description |
Trade policy reforms in recent decades have sharply reduced the distortions that were harming agriculture in developing countries, yet global trade in farm products continues to be far more distorted than trade in non-farm goods. Those distortions reduce some forms of poverty and inequality but worsen others, so the net effects are unclear without empirical modelling. This article summarises a series of new economy-wide global and national empirical studies that focus on the net effects of the remaining distortions to world merchandise trade on poverty and inequality globally and in various developing countries. The global Linkage model results suggest that removing those remaining distortions would reduce international inequality, largely by boosting net farm incomes and raising real wages for unskilled workers in developing countries, and would reduce the number of poor people worldwide by 3 per cent. The analysis based on the Global Trade Analysis Project model for a sample of 15 countries, and nine stand-alone national case studies, all point to larger reductions in poverty, especially if only the non-poor are subjected to increased income taxation to compensate for the loss of trade tax revenue. |
| format |
Journal Article |
| author |
Anderson, Kym Cockburn, John Martin, Will |
| author_facet |
Anderson, Kym Cockburn, John Martin, Will |
| author_sort |
Anderson, Kym |
| title |
Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions |
| title_short |
Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions |
| title_full |
Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions |
| title_fullStr |
Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions |
| title_full_unstemmed |
Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions |
| title_sort |
would freeing up world trade reduce poverty and inequality? the vexed role of agricultural distortions |
| publishDate |
2012 |
| url |
http://hdl.handle.net/10986/5723 |
| _version_ |
1764396091730558976 |