Introducing the Sustainable Trade Act
by David Shreve
What are supposed to be the advantages of the free-trade consensus that has emerged in the last century? Yes, innovative technologies and techniques have made their way around the globe. The diffusion of digital communications, managerial technology, advanced materials engineering, and efficient shipping techniques are but a few prominent examples. The openness and complexity of the global trading system have facilitated this diffusion.
Additionally, trade based on “comparative advantage” has modestly increased global economic efficiency.
