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International Trade: Free, Fair and Open? by Ralph Lattimore, Patrick Love

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6. Trade and Employment

Jobs are created and lost all the time. When the jobs that are lost reappear again soon afterwards in another country, it can seem that international trade makes unemployment worse or that it makes jobs less secure and lowers wages. There is clear evidence that open economies achieve higher levels of wages and economic growth. But trade is only one of many factors at play. A wide array of policies is needed, from education and health to infrastructure and innovation. Effective labour market policies are needed to ensure that the benefits are shared equitably.

By way of introduction…

Your computer crashes in Bristol or in Boston. You phone the software manufacturer’s tech support line and find you’re speaking with ...

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