Tuesday, June 19, 2007
A New Deal to save globalisation
A New Deal is needed on globalisation according to an essay in the July / August 2007 issue of Foreign Affairs. Kenneth Scheve and Matthew Slaughter concede that globalisation has brought huge benefits. However, they are worried that the income inequality it has brought to American workers could prompt a protectionist backlash. For them the solution is for policymakers to promote redistribution of income through taxation.
Labels: America, globalisation, inequality
