OECD's Mann: Global Trade Growth Extremely Grim

The video discusses the current grim state of global trade, highlighting a decline in trade growth and its negative impact on economies. It explores factors such as weak investment, China's onshoring, and rising protectionism. The discussion emphasizes the importance of trade for lower prices, bigger markets, and technological progress. It also addresses the need for trade policy to be integrated with domestic policy to manage winners and losers. Finally, it suggests policy solutions like retraining to address trade-related job losses.

What role do technological advancements play in trade according to the discussion?

Why is it important to integrate trade policy with domestic policy?

What are the potential benefits of investing in active labor market policies instead of unemployment benefits?