Engaging in international trade can be a powerful strategy for domestic firms, however competition effects can mean benefits vary across different parts of the country. Further evidence could address distributional consequences of international trade and investment, to maximise the positive impact across the UK.
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This question was published as part of the set of ARIs in this document:
The UK's exit from the European Union presents policymakers with an unprecedented set of challenges, risks and opportunities. Perhaps nowhere are these more significant than in the decisions that the UK will have to make...
Funded by: ESRC
Lead research organisation: Institute for Fiscal Studies
The project specifically addresses the question of how domestic policy levers can address the externalities of trade reform, including impact on and adjustment costs to specific groups, sectors, and regions.
What types of trade agreements should the UK join post-Brexit? The world trading system, comprised of multilateral, mega-regional, and bilateral trade agreements offers multiple paths forward for the future of UK trade. ...
Funded by: ESRC
Lead research organisation: University of Cambridge
The project explores the impact of trade agreements on globally-engaged firms and the choices they make, which is partially relevant to the question.
For the first time in 50 years the UK has 'sovereignty' over its trade policy. It must now decide, for example, how to configure its free trade agreements, its regulations for imported food and digital trade and its trad...
Funded by: ESRC
Lead research organisation: University of Sussex
The project focuses on the differential impact of trade policy across locations, firms, and individuals, which is partially relevant to the question.