Developing a More Inclusive US Trade Policy at Home and Abroad

Kimberly Elliott

No 146, Policy Papers from Center for Global Development

Abstract: American policymakers have failed to adequately respond to concerns about globalization’s effects and the resulting backlash has taken an ugly turn in recent years. While globalization is only one of many factors contributing to economic dislocation, sluggish wage growth and inequality in the United States, foreigners, and developing countries in particular, are frequently the target of those who are frustrated at being left behind. Yet few realize that US trade policy effectively discriminates against poorer countries. In addition, provisions in trade agreements that tilt the playing field in favor of business interests over those of American consumers and workers also often undermine development priorities in partner countries. American policymakers should rethink the substance and process of trade policy and negotiations to spread the benefits more broadly, at home and abroad.

Pages: 35 pages
Date: 2019-06-12
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:ppaper:146

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