One of the roots of the current global imbalances resides in the asymmetry of the international trade flows under the constraints of maintaining non-tariff barriers and of protectionism revival. Trade liberalization is critical for restoring the financial global equilibrium. The study is...

This paper explores the impact of trade liberalization on manufacturing employment and wages over a period 1993-2006, a period coinciding with significant reduction in trade barriers and rising unemployment. Despite increasing import penetration, the paper shows that employment has increased...

Conventional economic theory advocates trade liberalization, and ultimately free trade because its benefits are said to outweigh its costs. This paper states the arguments for and against the liberalization of trade and then analyzes the case of Pakistan's trade liberalization. Some...

Reviewing the experience of developing countries in recent years as well as successful industrialization in developed countries in previous centuries, the author explains that trade liberalization is necessary for industrialization if: it is regarded as a part and parcel of a dynamic and...

Recent cross-country research shows that there is a causal relationship between trade liberalization and quality of institutions. The literature on cross-country studies has been criticized because differences in legal systems and other institutions across countries are difficult to control for....

This paper examines the argument that trade liberalization depresses the import duty revenue, and consequently adversely affects the total tax revenue. The study is thought to be significant because Tanzania experiences difficulty in replacing import duty revenue loss as a consequence of trade...

This article seeks to survey the impact of a policy of opening to the trade balance and the competitive potential of the Tunisian economy by studying the impact of lower pricing and accompanying policies like a policy favorable exchange, growth in economic activity, the effort made in innovation...

This study analyzes the exchange rate based stabilization applied in Uruguay during the 1990s. A crawling peg with a low rate of depreciation was the economic tool chosen by three successive administrations to reduce inflation by using the exchange rate as the main nominal anchor. This process...

In this paper, we construct a simplified general oligopolistic equilibrium (GOLE) model, in which Smith's (1776) famous theory of division of labor is embedded. In the absence of labor market integration with trading countries, we show that trade liberalization promotes a reduction of the number...

This study makes an attempt to assess the impact of bilateral trade liberalization on their respective economies and also on the rest of the South Asia. Our results indicate that there exist significant gains from India, Pakistan mutual trade liberalization. However, these gains are realized...