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- W2955526972 abstract "Trade liberalization has proceeded on the assumption that eventual aggregate welfare gains will exceed the losses. While compensatory mechanisms exist in most countries, they tend to be underfunded and ineffective. To begin to address this problem, the direct beneficiaries from trade liberalization need to pay more than they do now. This essay proposes to introduce “passporting fees” to generate more public revenue. Transnational business actors would be required to obtain a “free trade passport” to receive the excludable benefits that a free trade agreement provides. This would change the political economy of trade radically and allow for the creation and expansion of compensatory mechanisms necessary to re-embed economic liberalism in systems of social protection." @default.
- W2955526972 created "2019-07-12" @default.
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- W2955526972 date "2018-01-01" @default.
- W2955526972 modified "2023-09-25" @default.
- W2955526972 title "Re-embedding Liberalism: Introducing 'Passporting Fees' for Free Trade" @default.
- W2955526972 doi "https://doi.org/10.2139/ssrn.3775554" @default.
- W2955526972 hasPublicationYear "2018" @default.
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