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Trade Policy and Global Uncertainties: How to Promote an Open Trade Agenda.

Authors :
Cernat, Lucian
Source :
Australian Economic Review; Dec2019, Vol. 52 Issue 4, p455-461, 7p
Publication Year :
2019

Abstract

EU trade policy initiatives since 1995 offer better products at lower prices with estimated annual savings of up to €60 billion annually, which is especially beneficial for low‐income households who spend a larger share of income on basic commodities. If trade is so beneficial, why is there so much discontent? The paper argues that a convincing communication strategy in support of trade policy is key for trade policy legitimacy and gives the example of the European Commission's #FTAcomes2town platform based on firm‐level data. Politicians can zoom in across all EU members to find examples of small companies in their constituency exporting and creating jobs due to a trade measure. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00049018
Volume :
52
Issue :
4
Database :
Complementary Index
Journal :
Australian Economic Review
Publication Type :
Academic Journal
Accession number :
139960078
Full Text :
https://doi.org/10.1111/1467-8462.12349