Peter Lilley


Peter LilleyAfter several years working as a development economist in underdeveloped countries, Peter Lilley specialised in the energy industries becoming a Partner of a leading City firm. Elected to Parliament in 1983, he became a Treasury Minister in 1987, joined Mrs Thatcher’s cabinet as Secretary of State for Trade and Industry and subsequently became Secretary of State for Social Security under John Major where he launched a radical programme successfully to curb its £100 billion budget. He was Shadow chancellor, then Deputy leader of the Conservative Party responsible for policy renewal until 2000. Author of works on many topical issues he was appointed Chair of the Globalisation and Global Poverty Commission by David Cameron, and is now a Trustee of Trade Out of Poverty.

Papers Published in World Economics:

Trade Out of Poverty

Integration into the world economy has proven a powerful means for countries to promote economic growth, development, and poverty reduction, and therefore governments need to have a renewed focus on trade policy towards developing countries to help improve the lives of the world’s poorest. The world’s richest countries should open their markets unconditionally to all Least Developed and low-income countries. The EU and US and other developed countries’ Rules of Origin requirements should be aligned so that developing countries have only one set of rules to adhere to, as the existing complex rules frequently result in countries paying tariffs or being excluded by bureaucracy. Rich countries must end their export and domestic subsidies that undermine the livelihoods of millions. Tariffs between the poorest countries be reduced and customs duties replaced with other sources of revenue. There needs to be a significant increase in emphasis on infrastructure, roads, ports and administrative structures that make trade possible.

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