Services are a major component of global gross domestic product and employment, and a rising component of global trade and investment flows. This is the largest sector of the Indian economy contributing significantly to economic growth and foreign investment flows. India is among the top ten...

The paper departs from the perception that trade in services in general and developing countries' exports in services in particular are dynamic segments of world trade. Both total trade data as well as US import trade figures do not support this perception. Success episodes such as the recent...

India espoused an outward orientation in July 1991 and instigated a gradual process of liberalization both in domestic sector as well as in foreign trade sector. During the two decades of reforms regime the role of foreign trade grown in India and remarkable changes came in its trade scenario. A...

India underwent a significant structural transformation through trade liberalization and other reforms (domestic) in the 1990s because of a balance-of-payments crisis. I use this episode to identify the causal effect of a drop in tariffs on wage inequality, measured through managerial and...

Open regionalism and integration between the world's two largest developing countries - the People's Republic of China (China) and India - in trade, investments and infrastructure development can foster outward-oriented development and economic and social benefits that could result in poverty...

We review the micro-level evidence on the effects of trade and investment liberalization in the developing world. We focus, in particular, on the effects of the 1991 trade reform in India, since it provides an excellent controlled experiment in which the effects of a drastic trade regime change...

Despite a declining sectoral importance in overall GDP, and share in total trade, India's agriculture continues to be a fundamental sector in our country. Though India's trade liberalization and structural adjustment programme began in 1991, the agriculture sector received direct policy...

The paper examines the impact of trade liberalization on the poor through its impact on prices and incomes. A simple framework is developed which traces the impact of trade liberalization on the poor. Some guidelines are given for making trade work for the poor after identifying how the trade...