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Editor(s): Bernard Hoekman , Guido Porto Publication Date: 21 June 2010 Link to this page: http://www.cepr.org/pubs/books/P208.asp

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Summary: This book is available to purchase from our UK distributors Central Books and from Amazon UK or Amazon US.

This book summarizes the state of knowledge in the economic literature on trade and development regarding the costs of adjustment to trade openness and how adjustment takes place in developing countries. The contributions by leading experts look at:

• the magnitude of trade adjustment costs in the presence of frictions in factor markets;
• the impacts of trade shocks and greater trade openness;
• the factors that affect the way trade, especially exports, adjust;
• trade adjustment assistance programs in the U.S. and compensation schemes for farmers in the EU.

The book will be relevant to academics, students, policy-makers and trade practitioners alike.