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Spread the gains from trade more widely: World Bank WASHINGTON, 5 hours, 55 minutes ago Global trade has contributed to growth and poverty reduction in the past three decades, but gains from trade can be more inclusive, said the World Bank in a new report. Spreading the benefits of trade more widely, within and between countries, can play a key role as the world seeks to recover from the Covid-19 pandemic, which has reversed years of poverty reduction. New data and tools developed by the World Bank can allow policy makers to ensure trade delivers more for the poor, according to “The Distributional Impacts of Trade: Empirical Innovations, Analytical Tools and Policy Responses” report. By identifying in advance those sectors and regions that are most affected by changes in trade patterns, policies can be designed to maximize the gains and mitigate potential losses. ....
Global trade has contributed to growth and poverty reduction in the past three decades, but gains from trade can be more inclusive, the World Bank said today. Spreading the benefits of trade more widely, within and between countries, can play a key role as the world seeks to recover from the COVID-19 pandemic, which has reversed years of poverty reduction, World Bank notes. ....