Trade Liberalisation and The Poverty of Nations

Trade Liberalisation And The Poverty Of Nations
	Cover
	Other Books by A.P. Thirlwall
	Title Page
	Copyright
	Contents
	Acknowledgements
	Preface
	1. The theory and measurement of trade liberalisation
		Introduction
		The ‘Classical’ Foundations of Trade Liberalisation
			On The Principles of Political Economy and Taxation
		Free Trade Enthusiasm in the Modern Era
		The Case for Protection
			Figure 1.1 Production and consumption distortions from a tariff
			1. The infant industry argument for protection
			2. The externalities argument for protection
			3. The domestic distortion argument for protection
			Figure 1.2 Protection when social cost of labour is less than the private cost
			4. The optimal tariff argument for protection
		Bhagwati’s Lament
		Protection in Historical Perspective
			Table 1.1 Average tariff rates on manufactured products for selected developed countries in their early stages of development (weighted average, in percentages of value)
		The Measurement and Process of Trade Liberalisation
		Conclusions
		Notes
	2. Trade liberalisation, trade performance and economic growth
		Introduction
		Trade Liberalisation and Export Growth
		Trade Liberalisation and Import Growth
		Trade Liberalisation and the Balance of Payments
		Trade Liberalisation and Economic Performance
		Trade Liberalisation and the Trade-Off Between Growth and the Balance of Payments
			Figure 2.1 The trade-off between growth and the balance of payments
		Conclusions
		Notes
	3. Trade liberalisation and international inequality
		Facts and Orthodoxy
		Non-Orthodox Models of Divergence
			Strategy of Economic Development
		Measures of Inequality and Historical Trends
			Figure 3.1 Lorenz curve diagram
			Table 3.1 A comparison of Gini ratios
		International Inequality (Unweighted and Weighted)
		Global (or World) Inequality
			Table 3.2 Alternative measures of inequality
		The Impact of Trade Liberalisation on Inequality
		Conclusions
		Notes
	4. Trade liberalisation, poverty and domestic inequality
		Introduction
		Poverty
			Table 4.1 Absolute poverty and poverty rates, 1981–2001
		Wages and Income Inequality
		Income Inequality and Trade Liberalisation
			Table 4.2 Income inequality in selected developing countries measured by the Gini ratio
		Conclusions
		Notes
	5. Trade strategy for development
		Notes
	Bibliography
	Index