Trade and Inclusive Growth
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Summary:
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and protectionist measures. The paper investigates the conflicting literature showing the aggregate benefits of trade versus the adverse and persistent impact of trade, especially import competition, on specific industries and local communities. The paper then reviews the evidence for using trade policies and other complementary policies for adjustment and compensation to those groups adversely affected by trade.
Series:
Working Paper No. 2021/074
Subject:
Economic sectors Exports Financial crises Imports International trade Labor Tariffs Taxes Trade policy Wages
Frequency:
regular
English
Publication Date:
March 12, 2021
ISBN/ISSN:
9781513572734/1018-5941
Stock No:
WPIEA2021074
Pages:
49
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