The Brookings Institute recently
released a study on shifting global trade policies. The study is
focused upon a three-year term and takes into consideration numerous
macro-economic factors such as US and China trade war. Such a
comprehensive study brings insight into global trade – but also touches
upon the broad patterns impacting global labor and migration, says
global relocation expert and NY based attorney Jon Purizhansky.
One of the study’s most interesting
findings is that there is a shift away from open trade. The Study
focused on G-20 countries during what was deemed a populist era (2017 –
2019). In a hyper competitive environment many countries observed and
imposed regulations that increased tariffs.
This effort was largely
commented upon on the United States and China. However, it also
impacted nearly the entire world, and especially the G-20. Accordingly,
certain sentiments believe that the US/China tariff dispute had ripple
effects throughout the world. Nonetheless, essentially the entire
global economy was impacted.

When the global economy is impacted – global migration and labor is directly and indirectly affected, says Jon Purizhansky.
When certain countries were subjected to higher tariffs for commodity
related goods, employers often seek to mitigate the rising costs by
importing lower priced labor. As a result, new patterns of labor and
migration can be observed.
The Study further identified many recent
trade policies concentrated upon a smaller number of goods than
previous years. Moreover, there were an increased number of
protectionist acts during this period, impacting a more concentrated
listing of goods than during the financial crises of previous years. In
addition, during the same time period trade reforms have diminished
from previous years. The imbalance in trade reforms has led to a less
even playing field.
The Brookings Institute’s Study took a
deep look at specific countries around the world, and particularly the
G-20. The Brookings Institution’s studies are generally widely lauded
for their detailed and analytical approach to derive a macro-economic
basis for theory, continued Jon Purizhansky.
The Brookings Institute often publishes such reports and studies since
it was founded in 1916. The organization is a Think Tank based in
Washington DC.
Much of the research and policy
education provided is around social sciences, including economics,
public policy, foreign policy, governance, global economy, and economic
development. Accordingly, many of these areas tie directly into global
labor and organized migration. Hence, their research into various areas
ties in the labor markets and is closely followed by labor policy
regulators, employers, and public interest groups.
Originally Posted: http://www.jonpurizhanskybuffalo.com/shifting-global-trade-policies/
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