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“Trade may raise GDP. But it does make some people worse off.” quote by David Autor
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“Trade may raise GDP. But it does make some people worse off.”

David Autor

About This Quote

Source Research Paper: The Effects of Trade on Income Distribution, 2013

Trade boosts overall economic output but can harm specific groups.

In simple terms: Trade raises GDP but hurts some people.

Key Takeaway

Mitigate trade’s adverse impacts.

Themes

economics inequality policy globalization

Mood

analytical policy

Type

informative critical

When to use this quote

  • government policy
  • business strategy
  • labor negotiations

Key Concepts

comparative advantage distributional effects

Questions to Reflect On

  • Who bears the cost of trade?
  • How can we protect vulnerable workers?
A Different Perspective

Policy solutions may be politically difficult.

4.6 out of 5 (4 ratings)

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