Toward More Inclusive Trade for Canada
This briefing, the first of a two-part series on inclusive trade, examines the evidence on trade’s effects and discusses what an inclusive approach to trade might look like.
- Global trade has improved living standards in Canada and globally, but many in advanced economies feel they have not shared in trade or globalization’s benefits.
- Trade analysts and academics have long acknowledged that opening markets causes some firms to relocate, or go out of business, yet little attention has been paid to the negative and long-lasting impacts of trade on individuals and communities.
- Instead of protecting jobs via trade barriers or resisting new technologies, a better approach is to protect and support workers. This requires a coordinated domestic policy response to prepare all workers for further globalization and technological change.