Recent Trends in Trade Adjustment Assistance: Signs of Stress in the Tennessee Economy?

Steven G. Livingston ()
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Steven G. Livingston: Middle Tennessee State University Business and Economic Research Center

Global Commerce, 2010, vol. 15, issue 3, 1-6

Abstract: Tennessee workers and firms are increasingly exposed to international trade. Although growing trade lifts many boats, it also sinks more than a few. One of the few programs for those who are harmed by trade is the Trade Adjustment Assistance (TAA) program, enacted by Congress nearly 50 years ago. The TAA provides a combination of job training, income support, and tax credits to workers who have lost their jobs as a result of increased imports competition or because production has been shifted overseas. (A similar program exists for specifically NAFTA-related trade as well.) In this article, we use the TAA program as a sort of "canary in the coal mine" in order to examine the local economy. The larger the usage of the TAA, the greater the stress the local economy may be experiencing. From this perspective, let's look at the TAA trend in Tennessee.

Keywords: TAA; trade adjustment assistance; Tennessee; exports; trade; exporting; global commerce; third quarter 2009 (search for similar items in EconPapers)
JEL-codes: F14 R11 (search for similar items in EconPapers)
Date: 2010
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