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Erhan Artuc
Erhan Artuc is a Senior Economist at the World Bank's Development Research Group. Prior to joining the World Bank in 2011, he was a faculty member at Koç University in Istanbul, Turkey. He received his undergraduate degree from Bilkent University, and Ph.D. in economics from University of Virginia. His most recent research focuses on international trade and migration policies and their effects on labour markets and development. His work was published in leading academic and policy journals such as Journal of International Economics, Economic Journal, and American Economic Review.
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Inequality and trade: Simulation evidence for 54 developing nations
Questions about who benefits from free trade – and at what cost – have resurfaced as part of the backlash against globalisation. This article uses data from 54 low- and middle-income countries to show that in a majority of cases, trade liberalisation increases both incomes and inequality. Most of the trade-offs between them resolve in favour of liberalisation; despite exacerbating income disparities, trade liberalisation creates overall social welfare gains.
