- Policy Combinations for Inclusive Globalization
- ㆍ 저자명
- NAHM Sihoon
- ㆍ 간행물명
- KIEP Opinions
- ㆍ 권/호정보
- 2018년|pp.1-3 (3 pages)
- ㆍ 발행정보
- 대외경제정책연구원|한국
- ㆍ 파일정보
- 기타|ENG| PDF텍스트
- ㆍ 주제분야
- 사회과학
Even if trade liberalization policy brings more gain than loss, policies for redistributing trade gains, reducing inequality, and minimizing trade adjustment costs must accompany the globalization process to alleviate resistance and make economic growth sustainable. Trade liberalization make the overall economy better, but there are winners and losers. Long-lasting structural transformation occurs and less skilled workers are more vulnerable to this. As a result, the political pressure against globalization policies increases. Therefore, labor policy that compensates for the cost of coping with globalization must be accompanied with other policies.