Business must help fix free trade – IRPP

Things have changed a lot since the founding of the World Trade Organization (WTO) in 1995. Once a symbol of an inevitable march toward global free markets, today it more often serves as a reminder of how quixotic that process has become. Fatigue is spilling over to the bilateral and regional level, where there has been a flurry of negotiations, but few meaningful outcomes. Who would fault busy executives for turning their attention to other things?

Many would like to blame the current state of affairs on out-of-touch bureaucrats and short-sighted politicians. Yet the business community has responsibilities too. Companies and their representatives need to define new priorities and communicate effectively the gains that free trade brings to consumers, workers and innovators. They need to build relationships across borders and bridge diverging national interests.

Read More: http://policyoptions.irpp.org/issues/building-a-brighter-future/beatty-vidler/