It noted that “adjustment to trade can bring a human and economic downside that is frequently concentrated, sometimes harsh, and has too often become prolonged. “The opening of trade over the past several decades has helped to drive global economic growth, lifting incomes across advanced, emerging and developing countries. However, a prolonged period of disappointing economic growth and inadequate attention to those left behind by forces such as trade, globalisation and technology has spurred increased scepticism over open trade in some quarters. Key policy initiatives such as training, temporary income support, job search assistance and targeted trade adjustment assistance are important. Middle-income jobs had been hollowed out and the benefits of growth had gone increasingly to the owners of capital.

Source: The Guardian April 10, 2017 12:00 UTC