Poorest Economies Can Expect More

A major contributor to widespread poverty is the lack of integration of poorer economies into the global economy. Although trade is only part of the solution, we show in this article that poorer economies would benefit significantly if they were able to export more goods to advanced and emerging economies.There are a number of obvious steps that better-off countries could take to boost poor economies' export potential, the most important being a successful Doha Round conclusion through better access to advanced and emerging export markets. But this article highlights that the poorest countries would also gain through the extension, improvement, and more flexible design of duty-free and quota-free (DFQF) trade preferences both by advanced and emerging economies