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Title:Globalization's bystanders: Does trade liberalization hurt countries that do not participate? PDF Logo
Authors:Deardorff, Alan V.
Stern, Robert M.
Issue Date:2005
Series/Report no.:Research Paper, UNU-WIDER, United Nations University (UNU) 2005/35
Abstract:This paper uses trade theory to examine the effects of trade liberalization on countries that do not participate in it. These include both countries that fail to participate in multilateral trade negotiations, and also countries that lie outside of preferential trading arrangements such as free trade areas. The analysis suggests that, while it is theoretically possible for excluded countries to gain, through improved terms of trade, from trade liberalization, several reasons suggest that they are more likely to lose. – globalization ; trade liberalization
JEL:F13
ISBN:9291907162
Document Type:Working Paper
Appears in Collections:WIDER Research Papers, United Nations University (UNU)

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