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

Author

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  • Ann Harrison

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.

Suggested Citation

  • Ann Harrison, 2018. "International trade: Who is left behind and what to do about it," CDP Background Papers 045, United Nations, Department of Economics and Social Affairs.
  • Handle: RePEc:une:cpaper:045
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    File URL: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/publication/CDP-bp-2018-45.pdf
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    More about this item

    Keywords

    trade; “leaving no one behind”; globalization; inequality;

    JEL classification:

    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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