Mitigating the adjustment costs of international trade
The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly. While many gain from trade, import surges have sometimes undermined the economic viability of whole communit...
| Autores principales: | , , , , , , , , |
|---|---|
| Formato: | Brief |
| Lenguaje: | Inglés |
| Publicado: |
T20 Argentina
2018
|
| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/145438 |
| _version_ | 1855527808242024448 |
|---|---|
| author | Akman, Sait Brandi, Clara Dadush, Uri Draper, Peter Freytag, Andreas Kautz, Miriam Rashish, Peter Schwarzer, Johannes Vos, Rob |
| author_browse | Akman, Sait Brandi, Clara Dadush, Uri Draper, Peter Freytag, Andreas Kautz, Miriam Rashish, Peter Schwarzer, Johannes Vos, Rob |
| author_facet | Akman, Sait Brandi, Clara Dadush, Uri Draper, Peter Freytag, Andreas Kautz, Miriam Rashish, Peter Schwarzer, Johannes Vos, Rob |
| author_sort | Akman, Sait |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly. While many gain from trade, import surges have sometimes undermined the economic viability of whole communities. Existing mechanisms specifically designed to mitigate trade adjustment costs are often inadequate. They can be a source of inefficiency and inequity since trade shocks are only a part of the economic uncertainty affecting workers. Gradualism in trade liberalization combined with preemptive measures to strengthen competitiveness, can help mitigate adjustment costs. Displaced workers are best helped using generally applied safety nets, not those specific to trade. But these are not enough. Trade adjustment requires mobility of factors. International coordination is required to support an open and predictable trading system under the WTO, as the greatest future source of trade shocks could be protectionism, not trade liberalization. |
| format | Brief |
| id | CGSpace145438 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | T20 Argentina |
| publisherStr | T20 Argentina |
| record_format | dspace |
| spelling | CGSpace1454382025-02-24T06:45:17Z Mitigating the adjustment costs of international trade Akman, Sait Brandi, Clara Dadush, Uri Draper, Peter Freytag, Andreas Kautz, Miriam Rashish, Peter Schwarzer, Johannes Vos, Rob trade liberalization international cooperation protection trade barriers economic policies wto climate change mitigation international trade The evidence demonstrating that nations gain from trade is overwhelming. However, trade liberalization can cause disruption to firms and workers, and its gains and losses are spread unevenly. While many gain from trade, import surges have sometimes undermined the economic viability of whole communities. Existing mechanisms specifically designed to mitigate trade adjustment costs are often inadequate. They can be a source of inefficiency and inequity since trade shocks are only a part of the economic uncertainty affecting workers. Gradualism in trade liberalization combined with preemptive measures to strengthen competitiveness, can help mitigate adjustment costs. Displaced workers are best helped using generally applied safety nets, not those specific to trade. But these are not enough. Trade adjustment requires mobility of factors. International coordination is required to support an open and predictable trading system under the WTO, as the greatest future source of trade shocks could be protectionism, not trade liberalization. 2018-09-27 2024-06-21T09:04:30Z 2024-06-21T09:04:30Z Brief https://hdl.handle.net/10568/145438 en http://www.economics-ejournal.org/economics/discussionpapers/2018-49 Open Access T20 Argentina Akman, Sait; Brandi, Clara; Dadush, Uri; Draper, Peter; Freytag, Andreas; Kautz, Miriam; Rashish, Peter; Schwarzer, Johannes; and Vos, Rob. 2018. Mitigating the adjustment costs of international trade. T20 Argentina: Trade, Investment and Tax Cooperation Task Force Brief. https://www.g20-insights.org/policy_briefs/mitigating-the-adjustment-costs-of-international-trade/ |
| spellingShingle | trade liberalization international cooperation protection trade barriers economic policies wto climate change mitigation international trade Akman, Sait Brandi, Clara Dadush, Uri Draper, Peter Freytag, Andreas Kautz, Miriam Rashish, Peter Schwarzer, Johannes Vos, Rob Mitigating the adjustment costs of international trade |
| title | Mitigating the adjustment costs of international trade |
| title_full | Mitigating the adjustment costs of international trade |
| title_fullStr | Mitigating the adjustment costs of international trade |
| title_full_unstemmed | Mitigating the adjustment costs of international trade |
| title_short | Mitigating the adjustment costs of international trade |
| title_sort | mitigating the adjustment costs of international trade |
| topic | trade liberalization international cooperation protection trade barriers economic policies wto climate change mitigation international trade |
| url | https://hdl.handle.net/10568/145438 |
| work_keys_str_mv | AT akmansait mitigatingtheadjustmentcostsofinternationaltrade AT brandiclara mitigatingtheadjustmentcostsofinternationaltrade AT dadushuri mitigatingtheadjustmentcostsofinternationaltrade AT draperpeter mitigatingtheadjustmentcostsofinternationaltrade AT freytagandreas mitigatingtheadjustmentcostsofinternationaltrade AT kautzmiriam mitigatingtheadjustmentcostsofinternationaltrade AT rashishpeter mitigatingtheadjustmentcostsofinternationaltrade AT schwarzerjohannes mitigatingtheadjustmentcostsofinternationaltrade AT vosrob mitigatingtheadjustmentcostsofinternationaltrade |