Abstract
What are the environmental implications of open trade policies in developing countries? Economic theory and environmental critics suggest they worsen environmental quality. This conventional wisdom has been challenged by several studies which suggest that outward-oriented trade policies are likely to be “win-win” (enhance economic growth and environmental quality). This paper challenges revised conventional wisdom (RCW) by demonstrating that developing countries with outward-oriented trade policies have higher pollution intensities of GDP than those following inward-oriented policies. The paper examines why the evidence reported here differs so sharply from RCW studies, considers the policy implications of these results, and identifies reasons why, despite them, it may not make sense to totally discount future potential win-win opportunities
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
