## Making Trade an Engine of Growth for All: The Case for Trade and for Policies to Facilitate Adjustment

## Source details

**Canonical URL:** [Making Trade an Engine of Growth for All: The Case for Trade and for Policies to Facilitate Adjustment](https://www.imf.org/en/publications/policy-papers/issues/2017/04/08/making-trade-an-engine-of-growth-for-all)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2017/04/08/making-trade-an-engine-of-growth-for-all/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2017/04/08/making-trade-an-engine-of-growth-for-all/index.json)
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## Bibliographic details
- Published: April 10, 2017

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### Summary
- The role of trade in the global economy is at a critical juncture.
- Increased trade integration helped to drive economic growth in advanced and developing economies in the latter part of the 20th century.
- Since the early 2000’s, a slowdown in the pace of trade reform, a post-crisis uptick in protectionism, and risk of further reversals have been a drag on trade, productivity, and income growth.
- Trade is leaving too many individuals and communities behind, notably also in advanced economies.
- Job losses in certain sectors or regions in advanced economies have resulted to a large extent from technological changes rather than from trade.
- Adjustment to trade can bring a human and economic downside that is frequently concentrated, sometimes harsh, and has too often become prolonged.
- With the right policies, countries can benefit from the great opportunities that trade brings and lift up those who have been left behind.
- Those polices ease adjustment to trade, as well as strengthen overall economic flexibility and performance.

### Publication details
- Publication title: Making Trade an Engine of Growth for All: The Case for Trade and for Policies to Facilitate Adjustment
- Publication date: April 10, 2017
- Prepared by Staff of the IMF, the World Bank Group, and the World Trade Organization

*Prepared by Staff of the IMF, the World Bank Group, and the World Trade Organization*

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## Content in this bundle

- **041017joint-wto-wb-imf-trade-paper**
  - [041017joint-wto-wb-imf-trade-paper (Markdown version)](/-/media/files/publications/pp/041017joint-wto-wb-imf-trade-paper.pdf.md){rel="alternate" type="text/markdown"}
  - [041017joint-wto-wb-imf-trade-paper (PDF)](/-/media/files/publications/pp/041017joint-wto-wb-imf-trade-paper.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2017/04/08/making-trade-an-engine-of-growth-for-all_