Trade Deals Are About Increasing Protectionist Barriers
Date Written: 2019-12-15
Publisher: Center for Economic and Policy Research
Year Published: 2019
Resource Type: Article
Cx Number: CX23963
Past trade deals were about making it easier to trade manufactured goods, making it as easy as possible for corporations to take advantage of low-cost labor in the developing world. This has the predicted and actual effect of putting downward pressure on the wages of less-educated workers.