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International Monetary Fund

Abstract

Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor countries, it also presents risks to those with small and undiversified economies. This pamphlet explores research by Fund staff into the nature and magnitude of these risks and proposes targeted policy solutions to ease adjustments and encourage developing countries to choose fuller participation in the world trading system.

International Monetary Fund

Abstract

Cada vez más, los esfuerzos por liberalizar el comercio mundial se centran en el fortalecimiento de los vínculos entre las políticas comerciales y las estrategias de desarrollo de los países de bajo ingreso. No obstante, aunque una mayor apertura del comercio conlleva una promesa de crecimiento más rápido para los países pobres, también plantea riesgos para los países con economías pequeñas y poco diversificadas. Este folleto examina los estudios del personal técnico del FMI acerca de la naturaleza y la magnitud de estos riesgos y propone soluciones de política económica orientadas a objetivos específicos para flexibilizar el ajuste y alentar a los países en desarrollo a participar más plenamente en el sistema comercial internacional.

International Monetary Fund

Abstract

Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor countries, it also presents risks to those with small and undiversified economies. This pamphlet explores research by Fund staff into the nature and magnitude of these risks and proposes targeted policy solutions to ease adjustments and encourage developing countries to choose fuller participation in the world trading system.

International Monetary Fund

Abstract

Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor countries, it also presents risks to those with small and undiversified economies. This pamphlet explores research by Fund staff into the nature and magnitude of these risks and proposes targeted policy solutions to ease adjustments and encourage developing countries to choose fuller participation in the world trading system.

International Monetary Fund

Abstract

Les efforts de libéralisation du commerce mondial consistent de plus en plus à renforcer les liens entre les politiques commerciales des pays à faible revenu et leurs stratégies de développement. Mais, si une plus grande ouverture au commerce extérieur constitue un gage d'accélération de la croissance pour les pays pauvres, elle présente également des risques pour ceux dont l'économie est de petite taille et peu diversifiée. Cette brochure présente le fruit des recherches des services du FMI sur la nature et l'ampleur de ces risques, et propose en guise de solution des mesures ciblées pour faciliter les ajustements et pour encourager les pays en développement à participer plus pleinement au système commercial mondial.

International Monetary Fund

Abstract

Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries’ trade policies and their development strategies. However, although greater trade openness promises faster growth for poor countries, it also presents risks to those with small and undiversified economies. This pamphlet explores research by Fund staff into the nature and magnitude of these risks and proposes targeted policy solutions to ease adjustments and encourage developing countries to choose fuller participation in the world trading system.

Mr. Matthew J. Slaughter and Mr. Phillip L Swagel

Abstract

Increased globalization - the international integration of markets for goods, technology, labor, and capital - has coincided in the past 20 years with a shift in demand from less-skilled workers to those with more skills. Have imports from developing countries been responsible for the lowered wages of the unskilled, increased unemployment, and widened income inequality in the more advanced countries? This paper finds that a more important influence on labor markets during these years has been a technology-driven shift in labor demand.