The resulting economic growth is a rising tide that raises all boats and is an important tool for poverty alleviation. But even if trade liberalization is not adopted, giving domestic producers the opportunity to sell goods to rich countries’ markets can be an important engine for growth in the world’s poorest countries.
It would also require a horizon longer than two years, since the cycle of accumulation and unwinding of imbalances typically draws out further than two years. Greater flexibility and a longer horizon imply a more challenging role for communication.