Why does international trade benefit some groups within a country more than others? Which groups tend to have an interest in protectionism? And which tend to have an interest in freer trade? Also, explain whether you believe programs designed to mitigate the negative impacts of trade create a Pareto improvement. Why do you think there is relatively little support for such programs in the United States?
What Should Be Done When International Trade Harms Workers?
October 5th, 2020