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Between Free Trade And Protectionism
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Book Synopsis What's Wrong with Protectionism by : Pierre Lemieux
Download or read book What's Wrong with Protectionism written by Pierre Lemieux and published by Rowman & Littlefield. This book was released on 2018-08-27 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Putting tariffs on imported goods or setting other barriers to international trade can be tempting for politicians. They assume that many of their constituents believe that free trade is not fair trade and that other countries aren’t playing by the rules. This belief makes it easy for industry leaders to demand protection for their businesses and their workers—to “put America first.” But Americans should resist the siren calls of protectionism. In this highly relevant protectionism primer, Pierre Lemieux shows what can happen if they don’t. As the author demonstrates, trade between any two countries is fair for the same reasons as exchange between two individuals: it is to the benefit of both. Lemieux carefully refutes the arguments of those who would curtail Americans’ access to the benefits of international commerce—from the claim that we can boost economic growth by reducing imports to the belief that free trade leads to “shipping jobs overseas.” Yes, manufacturing jobs are declining in this country and have been since the 1950s. But, as Lemieux points out, that’s in large part because Americans are making more advanced products more efficiently—that’s our comparative advantage. And this is happening as less-developed countries are producing more labor-intensive, low-tech goods—that’s their comparative advantage. All parties to a trade benefit. Lemieux shows how free trade improves the lives of American consumers, especially the poor. The narrow agenda of the protectionists—to protect a small minority of producers at the expense of millions of their fellow Americans—is the wrong path for an increasingly diverse and complex economy. This concise primer shows you why.
Book Synopsis The Limits Of Protectionism by : Michael Lusztig
Download or read book The Limits Of Protectionism written by Michael Lusztig and published by University of Pittsburgh Pre. This book was released on 2010-06-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities.In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.
Book Synopsis Protectionism by : Jagdish N. Bhagwati
Download or read book Protectionism written by Jagdish N. Bhagwati and published by MIT Press. This book was released on 1988 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Through a combination of text, quotations, cartoons, tables, charts, and graphs, Bhagwati ... looks at the forces for and against protection."--Jacket.
Book Synopsis Free Trade Today by : Jagdish N. Bhagwati
Download or read book Free Trade Today written by Jagdish N. Bhagwati and published by Princeton University Press. This book was released on 2021-06-08 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Trade and Protectionism by : Takatoshi Ito
Download or read book Trade and Protectionism written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the first three decades following the Second World War, an increasingly open international trading system led to unprecedented economic growth throughout the world. But in recent years, that openness has been threatened by increased protectionism, regional trading arrangements—Europe 1992 and the U.S.-Canada Free Trade Agreement—and setbacks in negotiations on the General Agreement on Tariffs and Trade. In Trade and Protectionism, American and East Asian scholars consider the dangers of this trend for the world economy and especially for East Asian countries. The authors look at the current global trading system and at the potential threats to East Asian economies from possible regional arrangements, such as separate trading blocks in the Western Hemisphere and Europe. They cover trade between the United States and Japan, Korea and Japan, and Japanese-East Asian trade policies; trade in agriculture and semiconductors and the frictions that have jeopardized this trade; and direct foreign investment. The contributors round out the work with discussions of the political economy of protection in Korea and Taiwan and political economy considerations as they affect trade policy in general. This is the second volume of the National Bureau of Economic Research-East Asia Seminar on Economics. The first volume, The Political Economy of Tax Reform, also edited by Takatoshi Ito and Anne O. Krueger, addresses tax reform in the global economy.
Download or read book The Choice written by Russell D. Roberts and published by Pearson Education. This book was released on 1994 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: A revolutionary treatment of the major topics of international trade including comparative advantage, tariff quotas, dumping, industrial policy, managed trade and the welfare effects of trade on a nations economy.
Book Synopsis Kicking Away the Ladder by : Ha-Joon Chang
Download or read book Kicking Away the Ladder written by Ha-Joon Chang and published by Anthem Press. This book was released on 2002-07-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.
Book Synopsis Power, Protection, and Free Trade by : David A. Lake
Download or read book Power, Protection, and Free Trade written by David A. Lake and published by Cornell University Press. This book was released on 2018-03-15 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do nations so frequently abandon unrestricted international commerce in favor of trade protectionism? David A. Lake contends that the dominant explanation, interest group theory, does not adequately explain American trade strategy or address the contradictory elements of cooperation and conflict that shape the international economy. Power, Protection, and Free Trade offers an alternative, systemic approach to trade strategy that builds on the interaction between domestic and international factors. In this innovative book, Lake maintains that both protection and free trade are legitimate and effective instruments of national policy, the considered responses of nations to varying international structures.
Book Synopsis The Theory of Trade and Protection by : William Penfield Travis
Download or read book The Theory of Trade and Protection written by William Penfield Travis and published by Harvard University Press. This book was released on 1964 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scholarly survey of current developments, including the Heckscher-Olin theory, and practical applications in commercial policies of Europe and the U.S.A.
Book Synopsis The Rise of Free Trade by : Cheryl Schonhardt-Bailey
Download or read book The Rise of Free Trade written by Cheryl Schonhardt-Bailey and published by Taylor & Francis. This book was released on 1997 with total page 530 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why was Britain the first country to opt for unilateral free trade 150 years ago? On 16 May 1846, the House of Commons voted to abolish tariff protection for agriculture - the famous 'repeal of the Corn Laws'. Britain then adhered to her free trade policy despite both her relative economic decline and the protectionist policies of her leading trade rivals, the USA and Germany.This four volume set examines and explains the contentious issues surrounding the policy shift to free trade and the subsequent persistence of that policy. This set provides a comprehensive collection of articles including previously unpublished material on nineteenth century British trade policy and a new and comprehensive introduction by the editor putting the material into context.
Book Synopsis The Global Political Economy of Trade Protectionism and Liberalization by : Tony Heron
Download or read book The Global Political Economy of Trade Protectionism and Liberalization written by Tony Heron and published by Routledge. This book was released on 2012-06-25 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the widely-accepted premise that free trade is the best means of maximising overall societal welfare, why has it proven so difficult to achieve in certain industries? This book tackles arguably the most perennial and deep-rooted of all questions in political economy, and questions the incumbent orthodox liberal theories of collective action. Using a historical institutionalist framework to explore and explain the political economy of trade protectionism and liberalization, this book is based on detailed case studies of the textiles and clothing sector in the EU, United States, China, Caribbean Basin and sub-Saharan Africa. From this, the book expands to discuss the origins of trade protectionism and examine the wider political effects of liberalization, offering an explanation of why a successful conclusion to the WTO ‘Doha’ round has proven to be so elusive. The book argues that the regulation of global trade - and the economic consequences that this has for both developed and developing countries - has been the result of the particular way in which trade preferences are mediated through political institutions. The Global Political Economy of Trade Protectionism and Liberalization will be of interest to those studying and researching international and comparative political economy, developing area studies, economics, law and geography.
Book Synopsis Remaking U.S. Trade Policy by : Nitsan Chorev
Download or read book Remaking U.S. Trade Policy written by Nitsan Chorev and published by Cornell University Press. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chorev focuses on trade liberalization in the United States from the 1930s to the present as she explores the political origins of today's global economy.
Download or read book The New Protectionism written by Tim Lang and published by Island Press. This book was released on 1993 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph questions the benefits of free trade, arguing that, far from promoting prosperity for all those involved, free trade only serves a narrow range of interests, primarily for the large corporations who conduct it. The authors claim that the consequences of present arrangements and those promised under the new GATT agreement will increase the difference between the world's rich and poor and accelerate the destruction of the global environment. The authors suggest instead that trading arrangements should emphasize regional self-sufficiency and the overall amount of trade should be reduced.
Book Synopsis International Trade Policies in the Era of Globalization by : Co?kun zer, Ahu
Download or read book International Trade Policies in the Era of Globalization written by Co?kun zer, Ahu and published by IGI Global. This book was released on 2019-07-05 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though globalization has removed commercial walls between countries and implemented new international trade policies, trade barriers still exist. Due to the various political barriers surrounding other countries, the future of world trade has become uncertain. Understanding these barriers and their implications is imperative to implementing successful foreign trade policies. International Trade Policies in the Era of Globalization provides relevant theoretical frameworks and the latest empirical research findings on international trade and improves the understanding of the strategic role of trade policies and their importance in the global economy. The content within this publication contains reports on global trade, trade wars, and foreign policy. This research is designed for policymakers, government officials, economists, business professionals, researchers, and international business students.
Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin
Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.
Book Synopsis The Political Economy of Trade Protection by : Anne O. Krueger
Download or read book The Political Economy of Trade Protection written by Anne O. Krueger and published by University of Chicago Press. This book was released on 2007-12-01 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This clear, concise summary of the in-depth analyses presented in The Political Economy of American Trade Policy examines the level, form, and evolution of American trade protection. In case studies of trade barriers imposed during the 1980s to help the steel, semiconductor, automobile, lumber, wheat, and textile and apparel industries, the contributors trace the evolution of efforts to obtain protection, protectionist measures, and their results. A chapter assessing the common themes that emerge from the studies concludes that the focus of current trade law is exclusively on the individual protection-seeking industries, with little regard for indirect effects on using industries or for consumers. Reform could usefully take these effects into account. This volume will interest policymakers, business executives, and anyone interested in trade policy formulation and practice.
Book Synopsis Protection Versus Free Trade by : Henry Martyn Hoyt
Download or read book Protection Versus Free Trade written by Henry Martyn Hoyt and published by . This book was released on 1885 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:
