Impact of Trade Liberalisation

This paper examines the impact of trade liberalisation in particular, and of economic deregulation in general, on economic growth and employment generation. The rapid growth of ready-made garment industry - and, to a lesser extent, that of export-oriented shrimp production - are discussed as evidence of direct beneficial impact of increased trade openness. Besides, trade liberalisation also indirectly contributed to stimulating other parts of the economy, thus contributing to pro-poor growth.