Trade with differentiated goods normally provides a form of insurance against disasters, such as floods and fires … affecting also the trading partners are preferred over idiosyncratic shocks. Trade thus increases economic vulnerability to …

This essay reviews the historical and ongoing role played by trade in sustained high growth and human development … progress, and makes the case that the post-2015 development agenda should include considerations related to trade rules and … supply-side capacity. Given the strong links between trade-led growth, economic upgrading, and poverty reduction, the paper …