1. Towards a More Inclusive Globalization: An Anti-Social Dumping Scheme
- Author:
- Dani Rodrik
- Publication Date:
- 12-2018
- Content Type:
- Policy Brief
- Institution:
- Economics for Inclusive Prosperity (EfIP)
- Abstract:
- Theory and empirics both suggest that international trade has sharp distributional implications. Furthermore, redistribution caused by trade is often viewed by the general public as more harmful or disruptive than other domestic market shocks. I discuss conditions under which there may be a legitimate case for restricting trade to promote domestic social inclusion, and propose a specific policy – a social safeguards clause – targeting those circumstances.
- Topic:
- Economics, Globalization, International Trade and Finance, Economic Policy, Economic Theory, and Trade Liberalization
- Political Geography:
- Global Focus