50% of people in US say trade destroys jobs and lowers wages. In developing countries more positive perception @TheIFS #IFSAnnualLecturepic.twitter.com/nU48TzuLxJ
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China joined the WTO, Chinese imports hit as US coming out of recession -- manufacturing employment never recoveredpic.twitter.com/RN9S5FVua5
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But other countries did not see the same impact. Alternative interpretation -- regional inequality , limited labour mobility accross space #IFSAnnualLecture
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Liberalisation in Brazil followed by long fall in employment and earnings over 20 yearspic.twitter.com/z8FY95yOfj
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Do consumers benefit? In India prices fall, quality and variety rise, but markups increases, cost reductions not fully passed on to consumerspic.twitter.com/ohpgym1k9h
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But you don't see this in every industry. Eg. Not in transport.
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