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.date2018-08-02
dc.date2024-06-21T09:04:30Z
dc.date2024-06-21T09:04:30Z
dc.date.accessioned2026-06-27T15:05:26Z
dc.descriptionThis brief examines possible policy responses to the adjustment costs related to international trade. It argues that, contrary to the conclusions drawn from frictionless neoclassical models, the costs of adjusting to trade are large and persistent and may be a cause of the increase in the political resistance to trade. The existing mechanisms specifically designed to mitigate the adjustment costs related to trade are inadequate, and they are often a source of inefficiency and inequity since trade shocks are only a part of the economic uncertainty affecting workers. The brief also argues that the most promising policies are those that extend the social safety net where necessary, protecting workers from all shocks, not just trade shocks, and those that facilitate the mobility of factors of production across sectors and regions. Many of the latter policies should be pursued anyway to improve the nation’s competitiveness. As has become increasingly evident over the past year, protectionism and unfair trade practices can also be a source of trade shocks affecting exporters in partner countries, underscoring the importance of maintaining an open, rules-based and predictable trading system.
dc.identifierhttps://hdl.handle.net/10568/145437
dc.identifier.urihttp://hdl.handle.net/123456789/94221
dc.languageen
dc.publisherKiel Institute for the World Economy
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. Economics Discussion Papers No. 2018-49. Kiel Institute for the World Economy. http://www.economics-ejournal.org/economics/discussionpapers/2018-49
dc.subjecttrade liberalization
dc.subjectlabour market
dc.subjectinternational cooperation
dc.subjectprotection
dc.subjecttechnology
dc.subjecttrade barriers
dc.subjecteconomic policies
dc.subjectwto
dc.subjectclimate change mitigation
dc.subjectequality
dc.titleMitigating the adjustment costs of international trade
dc.typeWorking Paper

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)