New trade policies must be based on a clear-eyed understanding of how globalisation is evolving, not on a backward-looking vision based on the last 30 years, write Laura Tyson and Susan Lund.
Around the world, countries are rethinking the terms of engagement in global trade. This is not all bad; in fact, acknowledgment of globalisation’s disruptive effects on millions of advanced-economy workers is long overdue. But new trade policies must be based on a clear-eyed understanding of how globalisation is evolving, not on a backward-looking vision based on the last 30 years.
