Trade Publications

September 28, 2018

Free Trade and How It Enriches Us

Free trade improves the well-being of all parties to it. The most significant way that trade achieves this outcome is by enabling and incentivising specialisation in production, and also encouraging mechanisation and innovation. As specialisation deepens, and as mechanisation and innovation advance, the per-person output of goods and services increases.
June 22, 2018

Labour Migration and Employment Flexibility

Economic migrants rarely displace local labour force. Immigrants are more likely to complement existing labour force creating opportunities for growth and bringing needed skills. Foreign workers reduce imbalances in local economies by filling in the demand for workers that a local economy cannot provide or by taking up jobs that local workers do want to pursue.