A Progressive Logic of Trade
From Critiques Of Libertarianism
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Dani Rodrik rebuts the argument that existing trade agreements are essential to reducing global poverty. "Globalization’s cheerleaders do considerable damage to their cause by framing the issue as a stark choice between existing trade arrangements and the persistence of global poverty."
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Globalization’s cheerleaders do considerable damage to their cause by framing the issue as a stark choice between existing trade arrangements and the persistence of global poverty[...] In fact, the most phenomenal export-oriented growth experiences to date -- Japan, South Korea, Taiwan, and China -- all occurred when import tariffs in the US and Europe were at moderate levels, and higher than where they are today[...] Progressives should not buy into a false and counter-productive narrative that sets the interests of the global poor against the interests of rich countries’ lower and middle classes. With sufficient institutional imagination, the global trade regime can be reformed to the benefit of both.
Dani Rodrik, "A Progressive Logic of TradeA Progressive Logic of Trade"