Reinvigorating Trade and Inclusive Growth is a publication by the International Monetary Fund, the World Bank and the World Trade Organization.
The publication reinforces the importance of trade in the global economy and emphasizes that trade policies should aim to build greater, more durable openness and encourage countries to reinvest in open, rules-based global trade. Today’s global trade system has fostered unprecedented economic growth, boosted shared prosperity, and lowered poverty. This system currently faces challenges. Reinvigorating trade integration should be a key component of the global policy agenda to boost economic growth.
The publication offers insights into how trade benefits the poor, people in rural areas, micro, small, and medium-sized enterprises, and women. It also highlights that greater openness in key areas such as services trade and e-commerce can promote competition, lift productivity, and raise living standards.