José-Antonio Monteiro, Roberta Piermartini
While much of the world has benefited from international trade, some regions and individual citizens have been left conspicuously behind. This column summarises analysis from the WTO’s 2024 World Trade Report on the relationship between international trade and inclusiveness. The diverse impact of international trade across economies points more to the inadequacy of domestic policies accompanying the process of globalisation than to the process itself. International trade can raise wages and reduce poverty, but complementary domestic policies are required if it is to do so without increasing income inequality.
Πηγή: Voxeu