Unformatted text preview: not tearing down) trade barriers. Many people see American workers losing their jobs, apparently due to trade, and oppose free trade agreements on that basis. By offering TAA, the government can theoretically provide both equity and efficiency by redistributing some of the gains of trade to those who lose out from it. One could even argue that they have a responsibility to do so, just as government has a responsibility to pay a just amount for property taken via eminent domain, even though they are converting it to a more productive use....
View Full Document
- Summer '07
- International Trade, Adjustment Assistance Program, http://gregmankiw.blogspot.com/2007/07/two-questions-about-taa.html Professor Mankiw, generous safety net