Want to help free trade's losers? Make 'adjustment assistance' more than just burial insurance
- Written by Marina v. N. Whitman, Professor of Business Administration and Public Policy, University of Michigan
If there’s one thing that nearly all economists agree on, it’s that getting rid of trade restrictions is generally good for a country’s economy.
Doing so leads to a higher national income, faster economic growth, higher productivity and more competition and innovation. Freer trade also tends to lower prices and improve the...