Succeeding with Trade Reforms
The Role of Aid for Trade
Succeeding with Trade Reforms: The Role of Aid for Trade highlights the potential of aid for trade to boost economic growth and reduce poverty, while discussing the various reasons why it may not be realised. In so doing, this book draws lessons for the design of aid-for-trade projects and programmes and for increasing their effectiveness. Building on this analysis, the book also quantifies the binding constraints to trade in developing countries and the importance of complementary and compatible policies (such as education, governance, business environment and macroeconomic stability) to maximise the impact of trade reforms on trade and economic growth.
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Foreword and acknowledgements
History has shown the important force that international trade can be for economic growth and poverty reduction. Trade can therefore be a major tool in countries’ efforts to reach their development goals. However, particularly in the case of the least developed countries, harnessing the power of trade remains challenging.
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