The Real Problem with Free Trade*

Sep 11th 2018, Jayati Ghosh

Even if free trade is ultimately broadly beneficial, the fact remains that as trade has become freer, inequality has worsened. One major reason for this is that current global trade rules have enabled a few large firms to capture an ever-larger share of value-added, at a massive cost to economies, workers, and the environment.

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This article was originally published in the
Project Syndicate on September 10, 2018.


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