Trade Deals Are About Increasing Protectionist Barriers

Baker, Dean
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.

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