In this paper, the literature on trade and development is surveyed, especially that regarding the role of … complementarities associated with trade infrastructure. The empirical literature shows that, on average, trade causes growth, but the … investment in soft and hard infrastructure has an unambiguously positive impact on trade flows, the theoretical literature argues …

benefit from reductions in such subsidies and trade barriers, whereas net importers may lose as world prices rise. A simple … partial equilibrium model of global trade in commodities that benefit from domestic support or export subsidies is developed …

The proliferation of preferential trade liberalization over the last 20 years has raised the question of whether it … slows down multilateral trade liberalization. Recent theoretical and empirical evidence indicates this is the case even for … unilateral preferences to Least Developed Countries to the import subsidy scheme. Even in a model with no dynamic gains to trade …