"Like the president he now serves, Anton doesn't understand how the global trading order actually works. Trade agreements are long and complicated today because they are no longer primarily concerned with reducing tariffs (which are already quite low). Instead, contemporary trade agreements are mostly about harmonizing labor, regulatory, environmental, and copyright standards across many different societies, precisely for the purpose of creating fairer competition between states. Agreements of this kind are very much in America's interest, because otherwise U.S. workers would have to compete with foreign industries where labor and environmental standards are much lower than they are in the United States."
Jerry Green is the John Leverett Professor at Harvard University and the David A. Wells Professor of Political Economy in the Harvard Business School Department of Economics.
His current research includes work on the economics of incentives, principles of equity for use in collective decision-making, and the use of data on choice to evaluate economic well-being.Last Updated: Jan 6, 2017, 12:57pm