Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...

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...