This paper studies whether the belief is justified that foreign trade and capital outflows have dramatically reduced the number of jobs available to French workers and are leading to a substantial decline in French wages, especially of low-skilled workers.

While there is an increasing demand for a discipline in the next generation FTAs that restricts SOEs in international trade, there is less debate on the proliferation of sovereign patent funds (SPFs) that are increasingly using intellectual property to engage in discriminatory industrial policy...