Do Trade Agreements Lead to Income Inequality?
The arguments being pushed by the Trump administration regarding tariffs and related restrictive trade policies are off the mark because they overlook two crucial issues, according to Wharton dean Geoffrey Garrett: “Rapid technological change coupled with economic stagnation have caused more of the pain felt in Middle America than free trade.” In this opinion piece, Garrett also notes that while free trade lowers the cost … [ Read more ]
Author: Geoffrey Garrett | Source: Knolwedge@Wharton (February 1, 2017) | Subjects: Articles & Links, Economics | Economy, Excerpts, International, Politics & Public Policy