Multilateral trade liberalisation helps promote export product diversification: Trade tensions damage the prospects of the poorest economies

摘要: Using a large panel dataset over 20‐year period, this article explores the effect of multilateral trade liberalisation on export product diversification. Empirical results show that is positively associated with However, less‐developed economies experience greater positive than relatively advanced economies. This analysis suggests if tensions reduce cooperation matters among World Trade Organization members, it may hinder diversification in developing countries, and poorest countries might be most adversely affected.