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- Publisher
- World Scientific Publishing Company
- Copyright
- Copyright ©
- Subject
- Invited Paper
- ISSN
- 0217-5908
- eISSN
- 1793-6837
- DOI
- 10.1142/S0217590811004377
- Publisher site
- See Article on Publisher Site
Abstract
This paper explores the relationship between free trade and the rate of economic growth. It is argued that freeing trade has both a level effect and a growth effect. Most empirical studies ignore the growth effect and, therefore, considerably understate the beneficial effects of freeing trade. Progress towards free trade in the GATT/WTO era is far from complete. Regionalism has had a limited effect on freeing trade globally. The completion of the Doha Development Round is needed to restart trade as the engine of growth.
Journal
The Singapore Economic Review – World Scientific Publishing Company
Published: Aug 1, 2011