I have just waded my way through the section of my CFA notes on the pros and cons of Market Liberalisation.
To me it seems obvious, but the writers of these notes went the path of citing as many studies as possible and making their argument as inaccessible as possible.
In order for people to accept that open trade, free migration and no government industry protection is a good thing, it needs to be put in simple, convincing terms... I haven't seen a convincing attempt.
It is understandable that people are scared if that don't see their skills as transferable... Trade suggests they will lose there jobs. Emperical evidence suggests they will find others and be better off, but people don't like change... and their needs to be a better attempt to convince them that it is worth the pain!
1 comment:
"I haven't seen a convincing attempt."
There are several excellent books on the subject. I recommend "the accidental theorist" especially highly.
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