The Free-Trade Miracle
While there are costs associated with global free trade, they can be mitigated, and they are dwarfed by the benefits. Free trade has already helped lift more than a billion people out of poverty over the past 25 years, and it provides the best opportunity to improve human welfare in the years ahead.
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PRAGUE – Global free trade provides the greatest opportunity to improve human welfare over the next decade and a half. It has already helped lift more than a billion people out of poverty over the past quarter-century. Lowering trade barriers even more could double average incomes in the poorest parts of the world over the next 15 years.