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Free and fair trade contribute to economic development-Survey

23.05.2019

Using Ghana as an example, a new study by the Kiel Center for Globalization shows how export favors the economic development of a country.

Excerpt from the Article

(...) A survey on trade development for Small and Medium Enterprises (SMEs) in Ghana has revealed that free and fair trade contribute to economic development and poverty reduction in developing and emerging economies.

The survey showed that increased trade openness was associated with lower levels of absolute poverty and reduced wage discrimination by gender or race.

The study was conducted by the Institute of Statistical, Social and Economic Research (ISSER), University of Ghana in collaboration with the Kiel Centre for Globalization at the Institute for the World Economy, Germany, supported by Deutsche Gesellschaft fur Internationale Zusammernarbeit (GIZ).

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