The G20 meeting in Hamburg concluded not only with an endorsement of free trade, but also with the resolution to share best practices of how to deal with trade adjustment costs. It seems likely that if there were a silver bullet to deal with the downside risks of trade, we would have already found it. Instead, there are only country-specific solutions. But what are those policies that can help mitigate the adverse effects of trade? This blog post reviews recent contributions to this question.
Dr. Anna auf dem Brinke works for the German Ministry of economy, she formally worked for the Jacques Delors Centre.