The Trade and Development Series seeks to provide objective, accessible information about the new trade agenda. Titles in the series cover a wide range of topics, from regional trade agreements and customs reform to agriculture, intellectual property rights, services, and other key issues currently being discussed in World Trade Organization negotiations. Contributors to the series represent some of the world’s leading thinkers and specialists on international trade issues. Titles in this series undergo internal and external review under the management of the Trade Group's Advisory Board in the World Bank's Poverty Reduction and Economic Management Network.
(Washington, DC: World Bank, 2021-05-19)
Engel, Jakob; Kokas, Deeksha; Lopez-Acevedo, Gladys; Maliszewska, Maryla
Trade is a well-established driver of growth and poverty reduction.
But changes in trade policy also have distributional impacts
that create winners and losers. It is vital to understand and clearly
communicate how trade affects economic well-being across all
segments of the population, as well as how policies can more
effectively ensure that the gains from trade are distributed more widely.
The Distributional Impacts of Trade: Empirical Innovations, Analytical
Tools, and Policy Responses provides a deeper understanding
of the distributional effects of trade across regions, industries,
and demographic groups within countries over time. It includes
an overview (chapter 1); a review of innovations in empirical and
theoretical work covering the impacts of trade at the subnational level
(chapter 2); highlights from empirical case studies on Bangladesh,
Brazil, Mexico, South Africa, and Sri Lanka (chapter 3); and a policy
agenda to improve distributional outcomes from trade (chapter 4).
This book comes at a time when the shock from COVID-19
(coronavirus) adds to an already uncertain trade policy environment
in which the value of the multilateral trading system has been under
increased scrutiny. A better understanding of how trade affects
distributional outcomes can lead to more inclusive policies and support
the ability of countries to maximize broad-based benefits from trade.