@article{Capaldo:179115,
      recid = {179115},
      author = {Capaldo, Jeronim},
      title = {Trade Hallucination: Risks of Trade Facilitation and  Suggestions for Implementation},
      address = {2014-06},
      number = {1434-2016-118804},
      series = {GDAE Working Papers Series},
      year = {2014},
      abstract = {Official estimates tend to overstate the benefits of trade  facilitation and ignore its costs. When all underlying  assumptions are brought to light, expecting large gains  appears unreasonable. At the same time, estimated  employment benefits may easily turn into net losses. With  fundamental uncertainty surrounding its effects,  implementing trade facilitation without enhancing systems  of social protection would be ill advised. Indeed, the net  effect of trade facilitation may depend on the social  policies it is complemented with. While trade facilitation  may bring extra business to import-export firms, it is not  a feasible or sustainable growth strategy for all countries  and it cannot be expected to deliver growth to the global  economy.},
      url = {http://ageconsearch.umn.edu/record/179115},
      doi = {https://doi.org/10.22004/ag.econ.179115},
}