DP3845 Trade Liberalization and Globalization: A Survey

Author(s): Arye L. Hillman
Publication Date: March 2003
Keyword(s): environment, exchange of market access, globalization, labour standards, multilaterlism, preferential trade, public interest, regionalism, special interests, trade liberalization, WTO
JEL(s): F13
Programme Areas: Public Economics, International Trade and Regional Economics
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=3845

This Paper presents a survey of the literature on trade liberalization and globalization. The questions are why trade liberalization occurred, why trade liberalization took the form of reciprocity combined with multilateralism, why the liberalization allows for protectionist policies, and why there is opposition to the globalization of markets that has occurred as the consequence of liberalization.