Over the last decades, international trade has played an important role in promoting growth and employment, but it has also been linked to a form of unregulated globalisation, often causing uneven and unjust results for significant parts of our societies.
The traditional approach, which argues that ‘trade is good, but we need to work on the side effects’ is outdated. In today’s changing world, ‘business as usual’ does not work. Progressives must guarantee that global trade and investment benefit the many and not the few. Progressives must ensure they promote sustainable development, reduce global poverty, neutralise structural inequalities that exclude certain genders and populations from the global economy, and raise living and welfare standards.
Today, the Foundation for European Progressive Studies and the Global Progressive Forum, in cooperation with the Progressive Alliance of the Socialists and Democrats at the European Parliament, the Party of the European Socialists, Solidar and the European Trade Union Confederation, have launched at the European Parliament an important new policy paper focusing on a progressive model for trade and investment.
The paper, which is titled 'For the many, not the few; A Progressive Model for Trade and Investment’, has been the outcome of a 1,5 year-long process of deliberations amongst a high-level advisory board of international experts. It aims at forging a new consensus on trade and investment within the progressive movement contingent on the principles of employment, broad-based prosperity, equality, transparency and sustainability. What is presented in the report articulates a vision that can form the core of a new, forward-looking progressive model for trade and investment.read more