Pro-poor Growth And Liberalization In Developing Economies

This book explores the relationship between trade liberalization and pro-poor growth in Nepal and how developing economies can achieve both in the context of globalization. The author uses a social accounting database and a computable general equilibrium model to analyze the trade-offs between growth and distribution that come with opening up and deregulating the economy. The book presents various scenarios to demonstrate potential outcomes for policy making and the findings can be applied to other economies with similar characteristics to Nepal. It will be of interest to students and scholars in development economics, political economy, and trade and poverty, particularly in South Asia.

By looking at the link between trade liberalization and pro-poor growth in Nepal, this book explores how a developing and transition economy can attain higher and pro-poor growth along with the ongoing trend of globalization. The author develops a social accounting database for Nepal and applies it to quantify computable general equilibrium (CGE) model to investigate the trade-offs between growth and distribution that are associated with opening up the economy and deregulating it. The book presents a number of pragmatic scenarios that bring about the desired pro-poor growth effects in order to demonstrate possible outcomes for policy making. The research findings apply to other economies with similar macroeconomic structure to Nepal; those small economies with a dominant, traditional, and stagnant agriculture; fragile industrial base, weak and volatile external sector, and almost half of the population living below the poverty line. This book will be of considerable interest to students and scholars in the areas of development economics, political economy of policy reforms, and trade and poverty with special emphasis on South Asia.