MALCOLM D. BALE
The effect of trade liberalization on income redistribution. The Trade Expansion Acts of 1962, 1974. Benefits and problems of free trade. Unemployment, counseling, and retraining. Justification of assistance -- efficiency, equity, politics. Profile of the displaced worker. Financial penalties of displacement. Adjustment assistance legislation in 1978.
The elimination of trade-protection devices in general increases a country's real income. Yet, while significant progress toward reducing trade impediments between countries