OECD's Mann: Must Acknowledge Global Trade's Losers

The video discusses the concept of trade as a zero-sum game and critiques Donald Trump's trade policy. It highlights the benefits of trade, such as growth and consumer choice, while acknowledging the existence of trade losers. The need for better policies to ensure equitable distribution of trade benefits is emphasized, along with the role of legislation and companies in addressing these challenges.

What is the main characteristic of Donald Trump's trade policy as discussed in the video?

• It is a limited and restrictive policy.

• It focuses on environmental sustainability.

• It promotes free trade.

• It encourages global cooperation.

Which of the following is NOT mentioned as a benefit of trade?

• Enhanced consumer choice

• Increased productivity

• Growth in business marketplaces

• Improved environmental standards

What is a key issue with trade that needs to be addressed according to the video?

• The lack of international trade agreements

• The unequal distribution of trade benefits

• The high cost of exporting goods

• The complexity of trade regulations

What role do companies need to play in addressing trade disparities?

• They should focus solely on profit maximization.

• They should reduce their workforce.

• They should stand on the sidelines.

• They should actively participate in finding solutions.

What legislative action is suggested to handle the 'loser problem' in trade?

• Implementing more aggressive policies

• Reducing trade tariffs

• Increasing subsidies for exporters

• Promoting isolationist policies