This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects …-level research, and case studies) supports the view that trade openness contributes greatly to growth. Moreover, trade openness does … not have systematic effects on the poor beyond its effect on overall growth. Trade policy is only one of many determinants …

(notably, sudden stops in financial flows) for emerging markets, and with real external shocks (in particular, terms-of-trade …

This paper provides an overview of trade reform in the West African Economic and Monetary Union (WAEMU) since 1996 and … a quantitative assessment of potential effects on trade patterns and tariff revenue of the current reform agenda …. Despite evidence of significant trade complementarities within WAEMU, implementation of the union's current trade regime still …

The paper analyses the potential trade impact of the forthcoming East African Community (EAC) customs union. It … examines the trade linkages among the member countries of the EAC and the extent to which the introduction of the EAC common … external tariff will liberalize their trade regimes. To gauge the potential trade impact of the formation of the customs union …

The effect of exchange rate volatility on trade flows was examined by a 1984 IMF study on G-7 countries. Over the past … exchange hedging instruments, may have reduced the impact of volatility on trade flows. Using recent advances in the economic … theories on trade and in statistical methodologies, this paper revisits this important issue by taking into account these new …

This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …

This paper estimates a gravity model to address the issue of whether intra-Arab trade is too little. Although gravity … models have been extensively used to measure bilateral trade among countries, they have—to the best of our knowledge …—never been used to measure intra-Arab trade. Our results suggest that intra-Arab trade and Arab trade with the rest of the world …

The share of emerging Asia in world trade has increased sharply over the past 25 years. A large part of this increase … is the result of booming intraregional trade. This paper investigates the key factors behind the rapid increase in … intraregional trade among economies in emerging Asia and its implications for the dependency of economies in the region on the …