Overall, these findings signal synergies across policy objectives, i.e. that reforms aimed at encouraging exports among domestic firms could boost efficiency and equity. This finding could reflect FDI-induced demand for unskilled labour and associated employment creation, and it would suggest that policy reforms aimed at easing barriers to entry for foreign firms could serve both the efficiency and equity objectives. By contrast, there is some evidence of negative effects on household incomes of the lower-middle class and the poor.