Globalisation: local and sectoral impacts: Introduction
While there is a broad understanding of the benefits to globalisation in the aggregate, attention has only recently begun to shift towards its distributional consequences. Regardless of the size of the benefits to the entire economy of increasing international trade, there may be winners and losers, both across sectors and across regions. Equally the process of de-coupling from the European Union is likely to affect some regions, sectors and types of household more strongly than others. This issue focuses on the local and sectoral impacts of globalisation, with new research from prominent experts in the field of international trade and industrial policy.