Paul De Grauwe :
" How far should we push globalisation My answer is that as long as we do not keep in check the environmental costs generated by free trade agreements and as long as we do not compensate the losers of globalisation or worse continue to punish them for being losers, a moratorium on new free trade agreements should be announced. This is not an argument to a return to protectionism. It is an argument to stop the process of further trade liberalization until the moment we come to grips with the environmental costs and with the redistributive effects of free trade. This implies introducing more effective controls on CO2 emissions, raising the income tax rates of the top income levels and strengthening social security systems in the industrialized countries."
Read : http://escoriallaan.blogspot.be/2016/10/how-far-should-we-push-globalisation.html.
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