Study shows freer trade helps poor countries

  • 19/06/2000

  • Financial Times (London)

The World Trade Organisation (WTO), under fire from development groups which say it works against the poor, issued a study arguing that trade liberalisation can help reduce poverty. The study, written by two academics from Britain and Israel, cited post-second world war experience in Western Europe and the move to open trade between the US and Canada from the early 1960s as showing how opening of markets brought growth that raises living standards across all sections of society.