Download or read book Trade Liberalization and Poverty in India written by Veena Jha and published by MacMillan. This book was released on 2005 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade Liberalization and Poverty in India attempts to capture the current dialogue on trade liberalization and poverty, and provides an overview of the poverty impact of trade liberalization in India. The impact of trade liberalization on poverty at the s

Download or read book Trade Investment and Economic Growth written by Pooja Lakhanpal and published by Springer Nature. This book was released on 2021-05-10 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book contributes to the growing literature pertaining to empirical and policy issues in international trade, foreign capital flows and issues in finance, implications for India and emerging economies related to trade and development interface, and analysis of sector level growth and development in India. Further, the focus is on the policy aspects of these themes and their role in fostering economic development in the context of India and other emerging market economies. The discourse focuses mainly on empirical work and econometric details. The relevant issues are investigated using state of the art techniques such as gravity models, panel co-integration, generalized hyperbolic distributions, SEM, FMOLS and Probit models. In addition, detailed literature survey, discussions on data availability, issues related to statistical estimation techniques and a theoretical background, ensure that each chapter significantly contributes to the ever-growing literature on international trade and capital flows. The readers shall find an engaging dialogue on the crucial role played by policy and the trade-capital flows-growth experience of emerging economies. The book is relevant for those who are interested in contemporary issues in trade, growth and finance as well as for students of advanced econometrics who may benefit from the analytical and econometric exposition. The empirical evidences provided here could serve as ready reference for academicians, researchers and policy makers, particularly in emerging economies facing similar challenges.

Download or read book Trade Liberalization Poverty and Inequality written by Petia Topalova and published by . This book was released on 2005 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Although it is commonly believed that trade liberalization results in higher GDP, little is known about its effects on poverty and inequality. This paper uses the sharp trade liberalization in India in 1991, spurred to a large extent by external factors, to measure the causal impact of trade liberalization on poverty and inequality in districts in India. Variation in pre-liberalization industrial composition across districts in India and the variation in the degree of liberalization across industries allow for a difference-in-difference approach, establishing whether certain areas benefited more from, or bore a disproportionate share of the burden of liberalization. In rural districts where industries more exposed to liberalization were concentrated, poverty incidence and depth decreased by less as a result of trade liberalization, a setback of about 15 percent of India's progress in poverty reduction over the 1990s. The results are robust to pre-reform trends, convergence and time-varying effects of initial district-specific characteristics. Inequality was unaffected in the sample of all Indian states in both urban and rural areas. The findings are related to the extremely limited mobility of factors across regions and industries in India. The findings, consistent with a specific factors model of trade, suggest that to minimize the social costs of inequality, additional policies may be needed to redistribute some of the gains of liberalization from winners to those who do not benefit as much"--National Bureau of Economic Research web site.

Download or read book Globalization and Poverty written by Ann Harrison and published by University of Chicago Press. This book was released on 2007-11-01 with total page 674 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

Download or read book Trade Liberalisation and the Poverty of Nations written by A. P. Thirlwall and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a meticulously researched and well written book on a subject of immense contemporary academic and policy interest. Prema-chandra Athukorala, Journal of Development Studies The book is a valuable contribution to the analysis of the links between trade liberalisation, poverty and inequality . . . The book is a coherent piece of work offering an abundance of well-researched and argued information, effectively establishing it as a notable contribution to the investigation and understanding of this very important field. Therefore this book is highly recommended as an important publication for everyone interested in this field as it is a powerful guide to the complex questions that emerge when dealing with the issues of trade liberalisation and poverty elimination at international level. Marios Koutsias, International Trade Law and Regulation Thirlwall and Pacheco-López s book makes its contribution by serving as a clearly written synthesis of a diversity of literatures on trade liberalization and its impacts on growth, inequality and wages, and poverty. . . . the book is an excellent one. It should be a required reading companion to any graduate-level trade course. Kevin P. Gallagher, Journal of Human Development and Capabilities This book breaks out of the standard distinction between free trade and protectionism , and shows how to think constructively about trade policy as an instrument of national economic strategy. It is highly recommended for those who wish to think beyond orthodoxy, and especially for those in developing countries who wish to influence negotiations with developed countries and western-based international organisations. Robert Wade, London School of Economics, UK This is a gem of a book. Based on deep understanding of diverse economic theories and empirical evidence, it offers us a succinct but highly informative overview of the controversies surrounding the impact of trade policy on growth, inequality, and macroeconomics. Ha-Joon Chang, University of Cambridge, UK, and author of Kicking Away the Ladder, and Bad Samaritans Free-trade fundamentalism is gradually making way for a more nuanced and historically well-informed understanding of the role that trade policy plays in economic development. Thirlwall and Pacheco-López provide an excellent review of the relevant literature as well as a sophisticated critique of the earlier, simplistic views. As they explain, it is the details the timing, sequencing, and context that determine whether liberalization will succeed. Dani Rodrik, Harvard University, US This book will infuriate the free trade ultras who believe that liberalisation is the answer to every problem and a good thing too. The real world, as Thirlwall and Pacheco-López show clearly and vividly, is different from the world of theoretical models so beloved by today s economic orthodoxy, and they take delight in tweaking the noses of the Washington consensus. History suggests they are right to argue that managed trade is better for developing countries than swallowing large doses of free-trade medicine. Larry Elliott, The Guardian Orthodox trade and growth theory, and the world s multilateral development institutions, extol the virtues of trade liberalisation and free trade for more rapid economic development of poor countries. However, the contemporary reality and history seem to tell a different story. The world economy has experienced an unprecedented period of trade liberalisation in the last thirty years, and yet international and global inequality is widening; domestic poverty (outside of China) is increasing; poor countries exports have grown more slowly than their imports leading to balance of payments crises, and the so-called globalising economies of the world (excluding China and India) have fared no better, and in some cases worse, than those countries that have not liberalised so extensively. This book argues that orthodox theory is based on many unreal assumptions,

Download or read book Trade Liberalization and Poverty written by N.A. Khan and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the effect of trade liberalization on poverty in India through regression analysis by using data for the period from 1980-81 to 2007-08. In 1991, India adopted trade reform policy to overcome the balance of payment crisis and achieve a stable and sustainable development. After trade reform, the growth rate of output increased significantly, inflation rate declined, foreign exchange reserves rose substantially and there was a sharp reduction in poverty. This study analyzes the changing characteristics of national, rural and urban poverty measured in terms of Head Count Ratio (HCR) and absolute poverty. It also focuses on the per capita income generated from exports of products of various sectors as the driving force for poverty reduction at national and state level. It tries to build a linkage between export orientation of India and poverty.

Download or read book Trade Liberalisation and Poverty in South Asia written by Prema-chandra Athukorala and published by Routledge. This book was released on 2012-05-23 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The link between trade liberalisation and poverty has arguably been one of the most debated topics in development policy debate. Existing studies on the subject have primarily used multi-country cross-sectional data, and there is a growing concern about the limitations of this approach in providing a sound empirical basis for informing the policy debate. These limitations point to the need for undertaking in-depth analyses within individual countries over time. In order to examine the connection between trade liberalisation and poverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberalisation reforms in the region over the past two decades, as well as highlighting significant inter-country differences in terms of the timing and comprehensiveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, as well as International Trade and Development Economics.

Download or read book Factor Immobility and Regional Impacts of Trade Liberalization Evidence on Poverty from India written by Petia B. Topalova and published by . This book was released on 2014 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the 1991 Indian trade liberalization to measure the impact of trade liberalization on poverty, and to examine the mechanisms underpinning this impact. Variation in sectoral composition across districts and liberalization intensity across production sectors allows a difference-in-difference approach. Rural districts, in which production sectors more exposed to liberalization were concentrated, experienced slower decline in poverty and lower consumption growth. The impact of liberalization was most pronounced among the least geographically mobile, at the bottom of the income distribution, and in Indian states where inflexible labor laws impeded factor reallocation across sectors.

Download or read book Trade Liberalization in India written by Dr. S.R Keshava and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Poverty is the greatest challenge to the mankind. Gandhi, described poverty as worst form of violence. Poverty may be defined as a state of spiritual and financial deprivation, preventing people from attaining their full potential and realizing their self fulfillment. Since decades, the development economist's worlds wide are worried about the solution to eradicate poverty. The solutions suggested from time to time include providing education, health facilities, land reforms, micro credits, self help groups, infrastructure, debt relief programmes, public vaccine programmes. The governments too acting on the suggestions of the good economists tried to boost purely the economic growth indicators especially the GNP and Per capita income expecting trickledown effect thereby effecting in reduction of poverty. Alan L Winter (1999) opines that the trade liberalization is generally the positive contributor to poverty alleviation. Trade allows people to exploit their productive potential, assists economic growth curtails arbitrary policy intervention and helps to insulate shocks.The trade liberalization in India has resulted in lessening of subsidies, importing of food stuffs, corporate farming, lessening of government budgetary support has led to the destruction of farmers livelihood. It appears that Trade liberalization does not have any direct impact on poverty reduction in India. In India the poverty is much complicated and complex issue. It not only the requires integrated approach of developing skills among the poor, providing employment, increasing nutrition level, providing health facilities and infrastructure facility. But also require proper will on the part of the policy makers and the bureaucrats to implement the well prepared polices.

Download or read book Trade Policy and Global Poverty written by William R. Cline and published by Peterson Institute. This book was released on 2004 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free trade can help 500 million people escape poverty and inject.

Download or read book Trade Liberalization Poverty and Inequality Nexus written by Rana Ejaz Ali Khan and published by . This book was released on 2015 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper attempted to see the relationship between trade liberalization and poverty and inequality in India. For trade liberalization, volume of trade as ratio of GDP, head count ratio for poverty and Gini-coefficient has been used for income inequality. The granger causality technique is applied to time series data for the years 1970-2009. The results indicate that trade has no significant effect on poverty and poverty has no effect on trade. However, trade has increased inequality in the short-run and inequality affected the trade in the long-run negatively. It partially contradicts the prediction of the Stolper-Samuelson theorem.

Download or read book India s Reforms written by Jagdish Bhagwati and published by Oxford University Press. This book was released on 2012-04-26 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: When India embraced systematic economic reforms in 1991 and began opening its economy to both domestic and foreign competition, critics argued that they had contributed little to the acceleration of economic growth. Their argument had rested on the claim that growth in the 1990s was no faster than in the 1980s. This claim was quickly refuted on the grounds that when properly evaluated, growth had indeed accelerated in the 1990s and more importantly, while reforms had been made systematic in 1991, they had actually begun much earlier in the late 1970s. Subsequently, the reforms of the late 1990s and early 2000s have led to a jump in the growth rate from six percent in the 1990s to eight to nine percent beginning in 2003. The reforms have also led to a major structural change in the economy: the trade to GDP ratio has tripled since 1991, there has been a gigantic expansion of foreign investment in India, and sectors such as telecommunications, airlines, and automobiles have expanded at rates much higher than at any time in the past. This dramatic turnaround has led critics to shift ground. They now argue that opening the economy to trade has hurt the poor; that rapid growth is leaving socially disadvantaged groups behind; and that reforms have led to increased inequality. The essays in this volume take these challenges head-on. They use large-scale sample surveys and other data to systematically address each of the arguments. India's Reforms is the first volume in the series Studies in Indian Economic Policies, edited by Jagdish Bhagwati and Arvind Panagariya and published by OUP. It contains the first set of five original papers produced under the auspices of the Columbia Program on Indian Economic Policies housed in the School of International and Public Affairs (SIPA) and the Institute for Social and Economic Research and Policy (ISERP).

Download or read book Factor Immobility and Regional Impacts of Trade Liberalization Evidence on Poverty from India written by Petia Topalova and published by . This book was released on 2010-09-01 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the 1991 Indian trade liberalization to measure the impact of trade liberalization on poverty, and to examine the mechanisms underpinning this impact. Variation in sectoral composition across districts and liberalization intensity across production sectors allows a difference-in-difference approach. Rural districts, in which production sectors more exposed to liberalization were concentrated, experienced slower decline in poverty and lower consumption growth. The impact of liberalization was most pronounced among the least geographically mobile, at the bottom of the income distribution, and in Indian states where inflexible labor laws impeded factor reallocation across sectors.

Download or read book Trade Liberalization and Its Implications for Poverty Alleviation microform a Case study of India and Bangladesh written by Farhan Rahman and published by National Library of Canada = Bibliothèque nationale du Canada. This book was released on 2003 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Trade Liberalization Poverty and Economic Prosperity in Indian Districts written by Pablo Jaramillo-Velez and published by . This book was released on 2017 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper tests heterogeneity of the regional effect of the Indian trade reform on poverty across rural districts. Using night-light intensity data to measure development across districts we find that the result of Topalova (2007) according to which districts that became more exposed to trade liberalization experienced a slower reduction of poverty rates is driven by the less developed districts. This heterogeneous effect implies that inequalities across districts deepened after trade reform. [source : résumé].

Download or read book Vulnerable Places Vulnerable People written by Jonathan A. Cook and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . the case studies and subsequent summarizing discussions provide interesting insights on the many interactions of trade, poverty and the environment. . . digestible also for those without an academic background in economics. Quarterly Journal of International Agriculture While some argue that trade liberalization has raised incomes and led to environmental protection in developing countries, others claim that it generates neither poverty reduction nor sustainability. The detailed case studies in this book demonstrate that neither interpretation is universally correct, given how much depends on specific policies and institutions that determine on-the-ground outcomes. Drawing on research from six countries around the developing world, the book also presents the unique perspectives of researchers at both the world s largest development organization (The World Bank) and the world s largest conservation organization (World Wildlife Fund) on the debate over trade liberalization and its effects on poverty and the environment. The authors trace international trade rules and events down through national development contexts to investigate on-the-ground outcomes for real people and places. The studies underscore the importance of evaluating trade from a perspective that pays attention to environmental and social vulnerability and understands the linkages between poverty reduction and environmental protection. The lessons drawn provide a critical first step in developing the appropriate response options needed to ensure that trade plays a positive role in promoting truly sustainable development. Academics and students in environmental economics, development economics and agriculture, as well as policymakers and those in development institutions will appreciate this groundbreaking work.

Download or read book Why Growth Matters written by Jagdish Bhagwati and published by PublicAffairs. This book was released on 2013-04-09 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: In its history since Independence, India has seen widely different economic experiments: from Jawharlal Nehru's pragmatism to the rigid state socialism of Indira Gandhi to the brisk liberalization of the 1990s. So which strategy best addresses India's, and by extension the world's, greatest moral challenge: lifting a great number of extremely poor people out of poverty? Bhagwati and Panagariya argue forcefully that only one strategy will help the poor to any significant effect: economic growth, led by markets overseen and encouraged by liberal state policies. Their radical message has huge consequences for economists, development NGOs and anti-poverty campaigners worldwide. There are vital lessons here not only for Southeast Asia, but for Africa, Eastern Europe, and anyone who cares that the effort to eradicate poverty is more than just good intentions. If you want it to work, you need growth. With all that implies.