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Spreading the Gains from Trade More Widely

May 19th | 10.30am ET

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The rise of international trade has transformed the global economy and coincided with a dramatic reduction in global poverty. While overall trade is seen positively in many parts of the world, protectionism and economic nationalism are on the rise. A new World Bank report addresses the reality of trade: The benefits are shared by many, while the adjustment costs tend to be concentrated.

Trade is more important than ever due to its role in production and provision of food, medicines, and vaccines during the COVID-19 pandemic and in supporting economic recovery. It is vital to better understand and more clearly communicate how trade impacts welfare across all segments of the population, as well as how policy can help reduce disparities. 

Join us for the launch of World Bank's report “The Distributional Impacts of Trade: Empirical Innovations, Analytical Tools and Policy Responses”, which provides knowledge, data, tools, and a policy framework with the aim to spread the gains from trade and make it more inclusive. This key discussion will stress the gains from trade in supporting poverty reduction, identify solutions for more inclusive trade, and support policymakers in the design of better policies and programs to address the distributional impacts of trade.

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Speakers

Mari Pangestu, Managing Director, Development Policy and Partnerships, World Bank

Managing Director, Development Policy and Partnerships, World Bank

Alan Winters, Professor of Economics, University of Sussex; Founding Director, UK Trade Policy Observatory

Professor of Economics, University of Sussex

Arturo Herrera Gutiérrez, Finance Minister, Mexico

Finance Minister, Mexico

Carolina Sánchez-Páramo, Global Director, Poverty and Equity Global Practice, World Bank

Global Director, Poverty and Equity Global Practice, World Bank

Caroline Freund, Global Director for Trade, Investment, and Competitiveness, World Bank

Global Director for Trade, Investment, and Competitiveness, World Bank

Maryla Maliszewska, Senior Economist, Macroeconomics, Trade & Investment, World Bank Group

Senior Economist, Macroeconomics, Trade & Investment, World Bank Group

Lead Economist, Poverty and Equity, World Bank

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