Free Trade Agreements Must Address Inequality to Survive Political Backlash
The article suggests a new way to keep support for free trade by adding rules that ensure wealth from trade is shared within countries to address economic inequality. Traditional trade rules are being questioned because many people think trade agreements make incomes uneven. The authors propose making new trade deals with obligations to distribute trade profits within each country, different from past agreements that focused on protecting labor rights outwardly. This redistribution concept aims to save the approval for free trade by making sure everyone benefits more equally from international trade, aiming to tackle the growing belief that trade brings economic disparity.