Trade liberalization creates jobs, improves wages


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Yesterday 12 Pacific nations signed the Trans Pacific Partnership, the largest regional trade agreement in history. But what will this mean for workers? We speak with Krisztina Kis-Katos, a Research Fellow at IZA who has analyzed the effects of a previous round of trade liberalization on workers in Indonesia. She has found that trade liberalization and tariff reductions between 1993 and 2002, lead to an increase in workforce participation and increases in wages for the low- to mid-skilled workforce.