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Global Trade: Guarding against protectionism, supporting structural change

Thursday December 7th 2017 Bodo Aretz (The German Council of Economic Experts) will give a presentation titled 'Global Trade: Guarding against protectionism, supporting structural change'

DateThursday, 7 December 2017
Time13:00 - 14:00
LocationCPB office (seminar room 2, Zeedistelzaal), Bezuidenhoutseweg 30, the Hague
PresentationBodo Aretz (The German Council of Economic Experts)
DiscussantHugo Rojas-Romagosa (CPB)
Working languageEnglish

The CPB organises policy seminars for policymakers, researchers and stakeholders. In these policy seminars academic papers are presented and discussed. The preliminary findings, presented and discussed, are not intended for publication in any form.
Journalists with questions about policy seminars, please contact Suzanne van Gils: +31 6 21560776.
Policy seminars are held on Thursday from 13.00h to 14.00h.

Open markets facilitate the international division of labour allowing resources to be used more efficiently and productivity gains to be made. At an aggregate level, the effects of globalisation are almost exclusively positive. However, the impact at regional, sector and individual level is much less uniform. In Europe, for example, it is impossible to identify any clear pattern as far as the effects of trade on employment and incomes are concerned. The government should use the existing social security systems and labour market policy tools to cushion the blow of any negative effects at a disaggregate level. In order to counteract the recently increased calls for protectionist measures, international organisations should be strengthened and further measures taken to promote open markets. Also, efforts to make more information on the macroeconomic advantages of globalisation available to the public should be used to counteract this trend.

Disclaimer: 'The views and analysis presented in the policy seminar do not necessarily reflect the opinion of the CPB'

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