Free trade and inclusive development: lessons from the Indian experience

Abstract

This repository item contains a single issue of Issues in Brief, a series of policy briefs that began publishing in 2008 by the Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future.Can trade liberalization result in long-term economic growth for developing countries? In this Issues in Brief, Pardee Center Post-doctoral Fellow Suranjana Nabar-Bhaduri argues that the experiences of Latin America and, more recently, India, have shown that liberalization must be complemented by industrial and employment generation policies if the process of economic growth is to be made more sustainable and inclusive. She compares both the policies in place and the employment and productivity numbers for pre- and post-liberalization India, and suggests industrial and employment policies need to be coupled with trade liberalization for a positive outcome