Mitigating the adjustment costs of international trade

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dc.creatorAkman, Sait
dc.creatorBrandi, Clara
dc.creatorDadush, Uri
dc.creatorDraper, Peter
dc.creatorFreytag, Andreas
dc.creatorKautz, Miriam
dc.creatorRashish, Peter
dc.creatorSchwarzer, Johannes
dc.creatorVos, Rob
dc.date2018-09-27
dc.date2024-06-21T09:04:30Z
dc.date2024-06-21T09:04:30Z
dc.date.accessioned2026-06-27T15:20:26Z
dc.descriptionThe 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.
dc.identifierhttps://hdl.handle.net/10568/145438
dc.identifier.urihttp://hdl.handle.net/123456789/101569
dc.languageen
dc.publisherT20 Argentina
dc.relationhttp://www.economics-ejournal.org/economics/discussionpapers/2018-49
dc.rightsOpen Access
dc.sourceAkman, 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/
dc.subjecttrade liberalization
dc.subjectinternational cooperation
dc.subjectprotection
dc.subjecttrade barriers
dc.subjecteconomic policies
dc.subjectwto
dc.subjectclimate change mitigation
dc.subjectinternational trade
dc.titleMitigating the adjustment costs of international trade
dc.typeBrief

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)