According to this White House policy report, workers in the United States have little to fear and much to gain from the new global trade deals.
Globalization is good – good for America and the world – but it could be a whole lot better, according to this study from the Executive Office of the President. The Obama administration has plotted a course for global trade that it says will help American exports, support well-paying US jobs and throw a lifeline to the nation’s middle class. But as negotiations progress on two high-profile and often contentious treaties covering the Pacific and Atlantic regions, opposition to free trade builds in the United States and elsewhere. This well-researched report, while it cherry-picks the benefits and largely ignores the potential pitfalls, nevertheless stands as an essential primer for understanding the pro-trade viewpoint. While always politically neutral, getAbstract recommends this overview to policy makers, investment managers, executives and NGO leaders.
In this summary, you will learn
- Why globalization is good for the United States
- How President Barrack Obama’s trade proposals can benefit America’s economy, workers and middle class
- How two prospective US trade deals with Pacific Rim countries and with the EU can change the face of global commerce
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The Economist Intelligence Unit
Brookings Institution, 2016