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Trade liberalization in structural adjustment lending (English)

Many trade liberalization steps have been taken recently by a number of developing countries--in contrast to intensifying political pressures for protection and increased use of nontariff forms of protection in industrial countries. The World Bank's Structural Adjustment Loan program, initiated in March 1980, has supported tariff reductions, the relaxing of quantitative restrictions on imports, the elimination of export licensing systems, and other specific trade liberalizations in fourteen developing countries, including Thailand, Kenya, the Ivory Coast, Pakistan, and Turkey. Many of these trade policy reforms have been accompanied by exchange rate policy changes which support these trade liberalizations. This program of liberalizations will benefit both the implementing countries and their trading partners.

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Citation

Holmes, P. Jonas, O.

Trade liberalization in structural adjustment lending (English). Development Research Department discussion paper ; no. DRD 107 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/266931467980544602/Trade-liberalization-in-structural-adjustment-lending