One point that most economists agree on is that free trade produces long-term benefits for the global economy. In the current geopolitical environment, however, the United States is locked in trade disputes with China, the European Union and others. Economists Ufuk Akcigit, Sina T. Ates and Giammario Impullitti examine the relative efficacy of using tariffs or strategic incentives to bolster nations’ competitive advantage. Policy experts and executives interested in a thorough analysis of this economic carrot-and-stick approach will find important insights in this report.
In this summary, you will learn
How tariffs and incentives shape the world’s long-term economic trajectory,
Why R&D is critical to generating innovation and increasing productivity, and
How leaders should craft trade policy to promote robust economic growth.
About the Authors
Ufuk Akcigit is a professor of economics at the University of Chicago, Sina T. Ates is an economist at the Board of Governors of the Federal Reserve and Giammario Impullitti is a professor at the University of Nottingham.