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How politics and economics interact

IMF PODCASTS

WASHINGTON, USA – 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?

Listen here. Read the transcript.

Jeffry Frieden says while politics is often messy, it’s how society puts a value on things economists can’t measure.

Read A Place for Politics in Finance and Development. 

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