Making Globalization More Inclusive
Lessons from Experience with Adjustment Policies
Policies aimed at helping workers adjust to the impact of trade or technological changes can provide a helping hand to the workforce and increase the benefits of open trade and new technologies. This publication contributes to the discussion on how governments can help make international trade more inclusive and ensure that the benefits of open trade are spread more widely. The publication responds to the growing demand from policy-makers for further research on adjustment policies, building on previous WTO work on the labour market effects of trade. It includes an extensive review of the literature on this topic and provides case studies on adjustment policies written by experts from seven countries across four continents. The contributions cover a broad range of policy measures taken by governments to help labour markets adjust to the impact of globalization, including trade openness, using a variety of approaches. They provide valuable insights into those policies and useful information for all those interested in the social dimensions of globalization and technological change.
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Milet, Emmanuel; Marc Bacchetta; Monteiro, José-Antonio
The General Agreement on Tariffs and Trade (GATT) was created in 1947 and operated almost five decades on a provisional basis until 1995 when the WTO was established. Its goal is to improve the welfare of peoples of its member countries, specifically by lowering trade barriers and providing a platform for the negotiation of trade. The organization deals with the rules of trade between nations at a global or near global level; it is responsible for negotiating and implementing new trade agreements and charged with policing Member Countries' adherence to all WTO agreements. In 2007 there were 150 Member States.
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