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Este trabajo revisa la evidencia del impacto de la liberalizacion comercial sobre el desempeno economico de paises pobres en desarrollo con respecto a la reduccion de la pobreza, la distribucion del ingreso dentro y entre los paises, el comercio y la balanza de pagos, y el crecimiento economico, y encuentra que la liberalizacion no ha proporcionado los beneficios esperados. La teoria economica, asi como la evidencia historica y contemporanea, proporcionan argumentos para la proteccion de las actividades industriales en paises en desarrollo. / The paper reviews the evidence of the impact of trade liberalisation on the economic performance of poor developing countries with respect to poverty reduction, the distribution of income within countries, the distribution of income between countries, trade and the balance of payments, and economic growth, and finds that liberalisation has not delivered the benefits expected. Economic theory, and the historical and contemporary evidence, all provide arguments for protection of industrial activities in developing countries.

HAS TRADE LIBERALISATION IN POOR COUNTRIES DELIVERED THE PROMISES EXPECTED?