Dhaka, Oct. 10 -- Over the last four decades trade has significantly contributed to economic growth of many developing countries including Bangladesh. Also many developing countries during this period have introduced a series of trade policy reforms further accelerating the process of growth which has helped to reduce income inequality. Now about a quarter of total global output is exported and the understanding of this phenomenon is important because trade has generated economic and financial gains. At the same time it is equally important to examine and understand the distributional consequences of trade.

Since the 1980s the global economy has been rapidly integrating, a phenomenon described as globalisation. The integration of nationa...