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International trade: Who is left behind and what to do about it

Ann Harrison ()

CDP Background Papers from United Nations, Department of Economics and Social Affairs

Abstract: We examine globalization’s effects on those left behind in both industrial and emerging markets. While access to global markets has lifted billions out of poverty in emerging markets, the benefits have not been equally shared. Trade has hurt less skilled workers in rich and poor countries. These unequal consequences have contributed to a backlash against globalization in developed countries, which now threatens the global trading system and access to that system for emerging markets. We conclude by proposing some solutions which cover both global trade policy prescriptions as well as country-level programs to compensate losers from globalization.

Keywords: trade; “leaving no one behind”; globalization; inequality (search for similar items in EconPapers)
JEL-codes: D63 F02 F16 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2018-07
New Economics Papers: this item is included in nep-int
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