An important promise in President’s Trump campaign was to get hit of “bad” trade deals, such as the supposedly job killing NAFTA. He also withdrew from the Trans-Pacific Partnership (TPP), originally a trade deal between 12 countries that account for 40 percent of global GDP and 20 percent of global trade.
In a series of articles published in the Conversation, the Huffington Post and the World Economic Forum, I answered some important questions regarding the costs and benefits of trade agreements. Specifically, I analyzed the possibility of job losses and job creation, the role of vested interests in trying to prevent more trade agreements, the impact of free trade on income inequality, the gains from productivity in the short and long runs, and the political implications of merging the TPP with another deal backed by China, the Regional Comprehensive Economic Partnership (RCEP).
The first article is entitled Redesigning NAFTA is not a bad idea if workers rather than vested interests win.