The expansion of international trade has been essential to development and reducing poverty but the relationship between economic growth, poverty reduction and trade is not a simple one. This publication looks into this relationship and examines the challenges poor people face in benefiting from trade opportunities. Written jointly by the World Bank Group and the World Trade Organization, the publication examines trade and poverty across four dimensions: rural poverty; the informal economy; the impact of fragility and conflict; and gender. The publication looks at how trade could make a greater contribution to ending poverty through increasing efforts to lower trade costs, improve the enabling environment, implement trade policy in conjunction with other areas of policy, better manage risks faced by the poor, and improve data used for policy-making. This report has three key messages: 1) A sustained effort to deepen economic integration and further lower trade costs is essential for ending poverty. 2) Lowering tariffs and non-tariff barriers between countries are essential elements of this agenda, but this must form part facing the extreme poor, and for many, their disconnection from markets, if they are to benefit from trade. 3) The World Trade Organization and World Bank Group have made substantial contributions to trade and poverty reduction. However, a great deal more remains to be done to end poverty, and both institutions and other partners need to continually review their activities to support poverty reduction to ensure they remain relevant in an ever-changing world.

CAWTAR | 2019-02-03 14:07:19

Report

/Women and trade// Trade and poverty reduction //Economic development//International trade //Women empowerment/ /Informal economy//World Trade Organization /​