After a year of turmoil for globalization, new efforts are underway to gain a better understanding of the dynamics of international trade and evolving technologies. Armed with empirical studies and reasoned proposals, policymakers around the world can start to ensure that these two key engines of economic growth work for everyone.
WASHINGTON, DC – One positive outcome of the trade tensions of recent years is a renewed interest in understanding how trade actually works, in terms of aggregate gains, distributional effects, adjustment costs, and other factors. Governments are increasingly looking for ways to mitigate the negative effects of trade through labor-market policies and broader interventions, and scholars are generating a new wealth of knowledge that could make globalization work for everyone, provided the significant trade-policy risks looming on the horizon are addressed.
WASHINGTON, DC – One positive outcome of the trade tensions of recent years is a renewed interest in understanding how trade actually works, in terms of aggregate gains, distributional effects, adjustment costs, and other factors. Governments are increasingly looking for ways to mitigate the negative effects of trade through labor-market policies and broader interventions, and scholars are generating a new wealth of knowledge that could make globalization work for everyone, provided the significant trade-policy risks looming on the horizon are addressed.