Synopses & Reviews
A leading international economist looks at many of the key issues of trade policy now confronting the United States and the world in this timely book. Clear, informative, and witty, Jagdish Bhagwati provides the best available analysis of the protection debate and offers a prescription for reform in this turbulent area of trade policy.Bhagwati identifies new and powerful interests and ideologies that are likely to dominate the outcome of the debate. He argues that opposing tendencies can be identified in trade-related ideologies and in the national and sectional interests that lobby on trade policy in pluralistic societies. He offers the prognosis that the forces favoring freer trade are more robust and more fundamental than the forces of protectionism, and that pro trade forces are likely to triumph in the end but only if we adapt appropriately the institutions within which these ideologies and interests must function.Through an appealing combination of text, quotations, cartoons, tables, charts, and graphs, Bhagwati provides a masterly and entertaining look at the forces for and against protection.Jagdish Bhagwati is Arthur Lehman Professor of Economics and Professor of Political Science at Columbia University. Protectionism is based on the inaugural series of Ohlin Lectures, which he delivered at the Stockholm School of Economics in October of 1987.
Review
"An economist who writes a short book in graceful English merits acclaim for that achievement alone. When he adds a sense of history and touches of humor, applause can only grow louder. Jagdish Bhagwati has done considerably more. He has adroitly expounded the arguments for free trade and protection in a form readily comprehensible to noneconomists, and at the same time has referred fellow practitioners to the latest research findings on the process and effects of international trade.... I recommend this model piece of exposition to anyone trying to make sense of the endless arguments over free trade, 'fair' trade, 'managed' trade, and outright protectionism." Robert Lekachman , New Leader The MIT Press
Review
"In this one small book, protectionism the major policy issue of our time has been beautifully summed up by Professor Bhagwati for both expert and general reader. A tour de force!" Paul A. Samuelson The MIT Press
Review
"Professor Bhagwati's important and timely book refutes fashionable nonsense about trade policy coming from Congress and elsewhere. It also provides solid grounds for believing that the tide will turn against protection." Samuel Brittan , Assistant Editor, Financial Times The MIT Press
Synopsis
A leading international economist looks at many of the key issues of trade policy now confronting the United States and the world in this timely book.
Synopsis
A leading international economist looks at many of the key issues of trade policy now confronting the United States and the world in this timely book. Jagdish Bhagwati provides a clear, informative, and witty analysis of the protection debate and offers a prescription for reform
Jagdish Bhagwati is Arthur Lehman Professor of Economics and Professor of Political Science at Columbia University, and is a Fellow of the American Academy of Arts and Sciences.
Synopsis
Jagdish Bhagwati is Arthur Lehman Professor of Economics and Professor of Political Science at Columbia University, and is a Fellow of the American Academy of Arts and Sciences.
About the Author
Jagdish Bhagwati is University Professor at Columbia University and External Advisor to the Director General, World Trade Organization and Senior Fellow for International Economics with the Council on Foreign Relations. He was named Distinguished Fellow of the American Economic Association in 2003.