Wednesday , March 20 2019
Home / V. Ramanan: Concerted Action / Jayati Ghosh — The Real Problem With Free Trade

Jayati Ghosh — The Real Problem With Free Trade

Summary:
Jayati Ghosh — The Real Problem With Free TradeJayati Ghosh writing for Project Syndicate: Globalization’s detractors are right that free trade has created serious imbalances. But a trade war completely misses the point. The problem is not that free trade has led to too much global competition, but rather that it has enabled a few companies to secure monopolies or near-monopolies. This has given rise to massive inequalities, blatant rent-seeking, and predatory behavior. Only by addressing these trends can the benefits of trade be increased and equitably shared.She also reminds of the forthcoming UNCTAD report which discusses this. So watch out!

Topics:
V. Ramanan considers the following as important:

This could be interesting, too:

Mel Watkins writes Help please!

V. Ramanan writes Jason Hickel — The Divide

Lars Syll writes Labor’s share — the ‘stylized fact’ that isn’t a fact at all

V. Ramanan writes Jason Hickel — Global Inequality: Do We Really Live In A One-Hump World?

Jayati Ghosh — The Real Problem With Free Trade

Jayati Ghosh writing for Project Syndicate: 

Globalization’s detractors are right that free trade has created serious imbalances. But a trade war completely misses the point. The problem is not that free trade has led to too much global competition, but rather that it has enabled a few companies to secure monopolies or near-monopolies. This has given rise to massive inequalities, blatant rent-seeking, and predatory behavior. Only by addressing these trends can the benefits of trade be increased and equitably shared.

She also reminds of the forthcoming UNCTAD report which discusses this. So watch out!

Leave a Reply

Your email address will not be published. Required fields are marked *