Trade is in trouble. Since the crisis, trade growth has slowed while public scepticism about trade in some countries has grown. Read Making Trade Work for All to learn more about what can be done to ensure trade works for more people.
This new OECD paper makes a renewed case for trade but argues that we need to start by acknowledging there are some good reasons for some people to be angry. But trade is not the root cause of the problems and nor can we look to trade to solve them on its own. The paper argues that action needs to be taken on three fronts:
1. Creating domestic environments were trade benefits can materialise
2. Doing more to bring everyone along, particularly in regions facing trade shocks
3. Making the international system work better