Purpose – The purpose of this paper is to devise a new index of wellbeing that includes social and political in addition to economic factors. The new index seeks to assess a country's underlying “enabling environment” – the extent to which individuals are able to live as each chooses....

Empirical studies that directly analyze the effect of trade policies on earnings and employment across countries is notably absent in the international trade literature. Most of the previous work focuses on the effects of trade policy on income distribution and economic growth. This paper...