Abstract
There is wide consensus that the losers from globalisation should be compensated, but sensible proposals regarding how to compensate them exactly are surprisingly rare. In a recent joint report, the World Trade Organization, the International Monetary Fund and the World Bank suggest the use of trade adjustment assistance and active labour market policies as the main instruments. Their strategy largely ignores, however, that adverse trade effects are strongly concentrated in certain regions, which often have become strongholds of populism. In this article, I argue that supply side labour market policies should be complemented with demand side regional policies that support job creation in the affected areas.
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