1887

Succeeding with Trade Reforms

The Role of Aid for Trade

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Succeeding with Trade Reforms: The Role of Aid for Trade highlights the potential of aid for trade to boost economic growth and reduce poverty, while discussing the various reasons why it may not be realised. In so doing, this book draws lessons for the design of aid-for-trade projects and programmes and for increasing their effectiveness. Building on this analysis, the book also quantifies the binding constraints to trade in developing countries and the importance of complementary and compatible policies (such as education, governance, business environment and macroeconomic stability) to maximise the impact of trade reforms on trade and economic growth.

English

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Executive summary

Trade can be a powerful engine for economic growth, poverty reduction, and development. However, the growth potential of trade may not always be realised in practice. In some cases trade reforms proved unsustainable and in other cases they did not have a meaningful impact on economic growth. This book discusses various reasons for these outcomes in order to draw lessons for the design of aid for trade and to increase its effectiveness. It describes the “compatible policies” that will make trade reform sustainable and the “complementary policies” that will increase its growth impact. It thus argues that successful aid for trade must tackle a broad range of difficult issues,

English

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