IMF's Rato on the benefits of partnership

In the speech 'The benefits of partnership: Keynote speech for the inauguration of the central AFRITAC' given on 9 January Rodrigo de Rato of the IMF said the benefits of increased trade are greatest if it is accompanied by improvements in the regulatory environment.

"Many of the benefits of openness to trade come from greater specialization, which increases the return on investment, and from productivity growth within industries, as badly managed firms exit and efficient firms enter and expand

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