New book assesses the impact of reformed trade policies on the world’s poorest nations
Global Trade and Poor Nations presents the likely effects of global trade reform on seven of the poorest countries in the world. The contributors, led by editors Bernard M. Hoekman and Marcelo Olarreaga, take into consideration the reforms agreed upon under the auspices of the World Trade Organization’s Doha Round and investigate the economic changes that would likely arise. The seven selected nations (Bolivia, Cambodia, Ethiopia, Madagascar, Nicaragua, Vietnam, and Zambia) represent a geographical and cultural cross-section of countries, allowing the analysis presented in the book to reach more than just one localized area of international trade policy. The researched showed that trade liberalization can potentially be a powerful catalyst for economic growth, which is crucial to mitigating poverty and sparking development.
The new book is published in conjunction with the Groupe d’Economie Mondiale at Sciences-Po, Paris and the Yale Center for the Study of Globalization (YCSG). YCSG strives to examine “the impact of our increasingly integrated world” on every level: individual, local, and national. The Center disseminates its cutting-edge analysis in the hopes of ultimately linking “academia and the policy world.” The current director of the YCSG, Ernesto Zedillo, who writes the foreword for Global Trade and Poor Nations, was preceded by current Brookings President Strobe Talbott.