Made on Earth: How Global Economic Integration Renders Trade Policy Obsolete

Capitol Hill Briefing
December 17, 2009 12:00PM
B-339 Rayburn House Office Building
Featuring Daniel Ikenson, Associate Director, Center for Trade Policy Studies, Cato Institute and Erik Autor, Vice President, International Trade Counsel, National Retail Federation.

The proliferation of cross-border investment, disaggregated production processes, and transnational supply chains have blurred the distinctions between “our” producers and “their” producers. And it has amplified the need to reexamine policies that conflate the national interest with producer interests.

Yet trade and investment policy has not kept pace with these remarkable changes in commercial reality. To nurture the promise of our highly integrated global economy, governments should commit to policies that reduce friction throughout the supply chain—from product conception to consumption—as well as in the flow of services, investment, and human capital.