Global deregulation of current and capital account is often touted as successful means to reduce poverty and inequality. On the face of it, though, the evidence does not support this claim. Rising intra-country inequality is widespread, income inequality between countries grows, the absolute...

This paper assesses the current state of evidence on the widely debated issue of the impact of trade policy reform on poverty in developing countries. There is relatively little empirical evidence addressing this question directly, but a lot of related evidence concerning specific aspects. This...