University of Khartoum

Trade and Poverty in Sudan

Trade and Poverty in Sudan

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Title: Trade and Poverty in Sudan
Author: Maglad, N. A.; Hassan, Fadia Khalil
Abstract: A number of arguments are offered for supporting a policy of trade openness in general, and promotion and expansion of exports in particular. Generally, it is argued that trade enhances growth through transmission of advanced technology into the country, increased efficiency and rising productivity. Also exports diversification generates scarce foreign exchange - in particularly higher-end manufactured products - leads to strong externalities and raises current growth while enhances prospects for future growth. It is observed that in all countries that have sustained growth, the share of trade in GDP has increased while trade barriers have been reduced (World Bank, 2005). Though the empirical evidence regarding this positive relationship between trade and growth has not been decisive and the issues are debated, it is generally agreed that trade could be beneficial to growth. Regarding the relationship between growth and poverty it has been maintained that growth generally reduces poverty. However, because poverty also depends on the distribution of income the ultimate result will depend on the combined effect of growth, which has a favorable impact on poverty and the time rate of changes in the degree of inequality, which is negatively correlated with poverty.
URI: http://khartoumspace.uofk.edu/123456789/22359
Date: 2005


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