IMG_6178

Nexus Between Trade, Rising Poverty

The relationship between trade and poverty is inverted. Countries with higher proportions of global trade tend to have less of poverty. Conversely, countries, which contribute the least to global trade have higher poverty rates. This shows the importance of good trade policies in reducing poverty rates and increasing prosperity. Also, this shows why there is intense competition for export markets even by countries that already control significant share of global trade. Trade facilitation is becoming critically important to the economy of poverty-stricken areas. Read more: