Equalizing Exchange: Trade Liberalization and Income Convergence
- 1 August 1993
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 108 (3) , 653-679
- https://doi.org/10.2307/2118404
Abstract
How does movement toward freer trade affect income disparity among countries? This paper attempts to shed some light on the issue by examining episodes of major postwar trade hberalization within specified groups of countries. The findings suggest a strong link between the timing of trade reform and income convergence among countries.Keywords
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