Global Competition

Economists generally acknowledge that trade liberalisation enhances the economic welfare of all trade partners, but with stiffer global competition, many firms and workers also face difficult adjustment problems. Congress has responded to these adjustment costs by authorising four trade adjustment assistance (TAA) programs to assist trade-impacted workers, firms, farmers and communities. This book examines the TAA program, which provides technical assistance to trade-affected firms to help them develop strategies and make other adjustments to remain competitive in the changing international economy.