 INTERNATIONAL TRADE AND INDUSTRIAL RECOVERY IN THE USARegional and Sectoral Economic Studies, 2017, vol. 17, issue 1, 5-22 Abstract: This paper explores relationships among technological innovation, alternative sources of energy, international trade agreements, and sustainable development. There has been growing concern that international trade destroys domestic industries, increases levels of unemployment, and exacerbates poverty levels. While older or classical deglobalization arguments have historic and legitimate concerns, technological innovation in the energy sector is creating a new paradigm for a re-evaluation of the effects of trade agreements. The energy revolution is creating new jobs that are insulated from outsourcing and amending some of the opprobrious results of trade agreements. In this paper, I argue that international trade and innovation can spur the revival of moribund industries even in the aftermath of resentful trade agreements, largely because trade-induced innovation can reduce levels of poverty and promote sustainable development. The paper uses time series and cross-sectional data to analyze the effects of innovation on: trade, the resuscitation of collapsing industries and the diminishing levels of poverty in some cities of the USA. Keywords: Dynamic Comparative Advantage; Free Trade Area; Globalization; Renewable Energy; and Sustainable Development. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eaa:eerese:v:17:y2017:i:1_1 Ordering information: This journal article can be ordered from Access Statistics for this article More articles in Regional and Sectoral Economic Studies from Euro-American Association of Economic Development |
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