Gundlach, Erich; Vaal, Albert de - Institut für Weltwirtschaft (IfW) - 2010
Economists tend to exalt the virtues of free international trade, while politicians are more skeptical. This paper … suggests that this is the case because politicians mainly worry about the income distribution effects of trade liberalization … effects of free trade may be more complicated and hazardous than is often assumed, at least from a comparative static point of …