Trade liberalization, poverty and efficient equity

摘要: Abstract Even if trade liberalization results in aggregate welfare gains over all households, it is possible that the poorest households could lose. We illustrate two approaches to designing Turkey which ensure poor will not The first approach uses direct compensation losers. second limited policy reform, where exceptions across-the-board reform are chosen meet equity goal. In each case, we map out some of efficiency costs attaining these goals so as inform makers about least costly way them.