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Free Trade Today

Free Trade Today Cover

 

Synopses & Reviews

Publisher Comments:

Free trade, indeed economic globalization generally, is under siege. The conventional arguments for protectionism have been discredited but not banished. And free trade faces strong new challenges from a variety of groups, including environmentalists and human rights activists as well as traditional lobbies who wrap their agendas in the language of justice and rights. These groups, claiming a general interest and denouncing free trade as a special interest of corporations and other capitalist forces, have organized large and vocal protests in Seattle, Prague, and elsewhere.

Based on his acclaimed Stockholm lectures and picking up where his widely influential Protectionism left off, Jagdish Bhagwati applies critical insights from revolutionary developments in commercial policy theory--many his own--to show how the pursuit of social and environmental agendas can be creatively reconciled with the pursuit of free trade. Indeed, he argues that free trade, by raising living standards, can serve these agendas far better than can a descent into trade sanctions and restrictions.

After settling the score in favor of free trade, Professor Bhagwati considers alternative ways in which it can be pursued. Chiefly, he argues in support of multilateralism and advances a withering critique of recent bilateral and regional free trade agreements (including NAFTA) as preferential arrangements that introduce growing chaos into the world trading system. He also makes a strong case for "going it alone" on the road to trade liberalization and endorses the reemergence of unilateral liberalization at points around the globe.

Forcefully, elegantly, and clearly written for the public by one of the foremost economic thinkers of our day, this volume is not merely accessible but essential reading for anyone interested in economic policy or in the world economy.

Table of Contents

Preface vii

LECTURE 1

Confronting Conventional Threats to Free Trade: The Postwar Revolution in the Theory of Commercial Policy 1

LECTURE 2

"Fair Trade," Income Distribution, and Social Agendas: Using Trade Theory to Meet New Challenges 45

LECTURE 3

Getting to Free Trade: Alternative Approaches and Their Theoretical Rationale 91

Index 121

Product Details

ISBN:
9780691091563
Author:
Bhagwati, Jagdish N.
Publisher:
Princeton University Press
Location:
Princeton, N.J.
Subject:
International economic relations
Subject:
Exports & Imports
Subject:
Treaties
Subject:
Free trade
Subject:
International - General
Subject:
International - Economics
Subject:
International Relations - Treaties
Subject:
Economics - International
Subject:
Economics
Subject:
Political Science and International Relations
Edition Description:
Includes bibliographical references and index.
Series Volume:
no. 48
Publication Date:
20011226
Binding:
Hardback
Grade Level:
College/higher education:
Language:
English
Illustrations:
5 line illus.
Pages:
144
Dimensions:
8 x 5 in

Related Subjects

History and Social Science » Economics » Global Economics

Free Trade Today
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