Even optimal economic policies create winners and losers, and that’s where politics steps in. Trade liberalization is an example of a policy that can make a country better off as a whole, but what happens to workers who lose out to cheaper goods? Jeffry Frieden says while politics is often messy, it’s how society puts a value on things economists can’t measure.

Frieden is a Professor of Government at Harvard University.

Transcript: https://bit.ly/4cU34qZ

Read A Place for Politics at IMF.org/fandd