Making Trade an Engine of Growth for All : The Case for Trade and for Policies to Facilitate Adjustment
Longstanding tension between the benefits of open commerce and public support for it has become particularly salient today. G20 leaders pledged to work harder to build an open world economy and to promote greater inclusiveness. They called for acti...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/318651491579082111/Making-trade-an-engine-of-growth-for-all-the-case-for-trade-and-for-policies-to-facilitate-adjustment http://hdl.handle.net/10986/26389 |
| Summary: | Longstanding tension between the
benefits of open commerce and public support for it has
become particularly salient today. G20 leaders pledged to
work harder to build an open world economy and to promote
greater inclusiveness. They called for action to communicate
better the benefits of open markets to the wider public and
for domestic policies to distribute those benefits more
widely. G20 leaders saw the issue not as a tradeoff between
openness and inclusiveness, but as a challenge to achieve
more of both. Improved domestic policies and further trade
reform can stimulate growth that is more inclusive.
Addressing the source of discontent is important in its own
right and also critical to shoring up support for trade.
This paper draws on a wide range of recent policy analysis.
Existing studies from international organizations provide
greater depth in a number of areas that goes beyond what is
possible in the present paper. Throughout the paper,
references to key pieces of research and policy analysis
from academics, think tanks, and international organizations
help to document the statements made and provide options for
readers who wish to delve into certain topics. Lessons are
also drawn from country experience. |
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