Existing Debate of Trade Liberalization
2010
Tanvir Mahmud Bin hossain
Bangladesh is trade-liberalized country but still it has one of the top ranked trade protection policy in the world. The study focuses on the issue of whether further trade liberalization policy reform accelerate economic development of Bangladesh and where do the impacts of trade liberalization debate still exist in case of Bangladesh economy. To evaluate the objectives this study simulates trade policy reform by 50% tariff reduction through computable general equilibrium modeling. The results revealed that overall economy wide impact of trade liberalization is mixed. Due to tariff cut, import increases in all sectors but export shows mixed effect and raises the debate. Mixed effect or sector's production shows existence of debate on the issue of sectors competitiveness with foreign commodity. Increase production of competitive sectors show potential impact of tariff cut. Efficient resource allocation by competitive sector raises factor demand, which increases total factor income. Con
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