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Free trade has been good for the poor

A study by Pablo Fajgelbaum of the University of California, Los Angeles, and Amit Khandelwal, of Columbia University, suggests that in an average country, people on high incomes would lose 28% of their purchasing power if borders were closed to trade. But the poorest 10% of consumers would lose 63% of their spending power, because […] The post Free trade has been good for the poor appeared first on Marginal REVOLUTION.
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Very good fragments of sentences

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…trade typically favors the poor, who concentrate spending in more traded sectors. That is from Pablo D. Fajgelbaum and Amit K. Khandelwal, the full paper is here.


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