The prospect of trade liberalization sometimes attracts a noisy public discourse, particularly over possible implications for developing countries. This volume considers trade and development from an economic perspective, examining these emotive issues using empirical approaches and dispassionate analysis. What are the potential welfare impacts on developing countries from further trade liberalization? What economic adjustments would such liberalization entail? What policy options exist for developing countries seeking to seize new market opportunities while responding to the associated structural challenges? Trading Up delivers new insights from the latest OECD and World Bank research on these questions and related topics.