Does multilateral trade liberalization help reduce poverty in developing countries?

Abstract

ABSTRACTThis article investigates the impact of multilateral trade liberalization on poverty in developing countries from a macroeconomic perspective. The empirical analysis suggests that multilateral trade liberalization is conducive to poverty reduction in developing countries. This outcome therefore suggests that greater multilateral cooperation on trade matters among countries, in particular the Members of the World Trade Organization, would allow further trade liberalization at the multilateral level to the benefit of poor people in developing countries.