Bernard Hoekman, Guido Porto, 18 June 2010

When developing countries open up their markets, there are costs as well as benefits. The papers in this CEPR/World Bank volume investigate adjustment to trade, and argue that unemployment is only part of the story, adding that the development community should aim to address the constraints that prevent too many households from seizing the newly available opportunities.

Bernard Hoekman, Guido Porto, 18 June 2010

When developing countries open up their markets, there are costs as well as benefits. This column presents findings from a collection of papers investigating adjustment to trade. It argues that unemployment is only part of the story, adding that the development community should aim to address the constraints that prevent too many households from seizing the newly available opportunities.

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