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Trade Liberalization in Peru

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by Bald & Gonzalo Mr. Salinas
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Trade Liberalization in Peru by Bald & Gonzalo Mr. Salinas

While trade integration has been an engine of global growth and prosperity some sectors have been negatively affected by increased imports competition, as expected in theory. Higher labor mobility could lower these adjustment costs. This paper measures the cost of trade integration in a context of high internal migration. Specifically, we focus on the 2004- 14 period of trade liberalization in Peru (a major beneficiary of trade integration). Despite significant migration in response to lower tariffs, we find a significant negative relation between tariff reduction and socioeconomic indicators of imports-competing districts. This underscores the need for policy action to support the "losers from trade liberalization".

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Ebook Details
Pages: 26
Size: 2.2 MB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2017
ISBN: 9781475585933 (DRM-EPUB)
9781475585964 (DRM-PDF)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

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06/25/2017
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