Who Gains From Free Trade

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Free Trade Today

Author : Jagdish N. Bhagwati
Publisher : Princeton University Press
ISBN 13 : 1400824346
Total Pages : 143 pages
Book Rating : 4.4/5 (8 download)

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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.

Free Trade and Prosperity

Author : Arvind Panagariya
Publisher : Oxford University Press
ISBN 13 : 0190914505
Total Pages : 352 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis Free Trade and Prosperity by : Arvind Panagariya

Download or read book Free Trade and Prosperity written by Arvind Panagariya and published by Oxford University Press. This book was released on 2019-04-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arguments for protection and against free trade have seen a revival in developed countries such as the United States and Great Britain as well as developing countries such as India.Â Given the clear benefits trade openness has brought everywhere, this is a surprising development.Â The benefits of free trade are especially great for emerging market economies. FreeÂTrade and ProsperityÂoffers the first full-scale defense of pro-free-trade policies with developing countries at its center. Arvind Panagariya, a professor at Columbia University and former top economic advisor to the government of India, supplies a historically informed analysis of many longstanding but flawed arguments for protection. He starts with an insightful overview of the positive case for free trade, and then closely examines the various contentions of protectionists. One protectionist argument is that "infant" industries need time to grow and become competitive, and thus should be sheltered. Other arguments are that emerging markets are especially prone to coordination failures, they are in need of diversification of their production structures, and they suffer from market imperfections. The panoply of protectionist arguments, including those for import substitution industrialization, fails when subject to close logical and empirical scrutiny. Free trade and outward-oriented policies are preconditions to both sustained rapid growth and poverty alleviation in developing countries. Panagariya provides compelling evidence demonstrating the failures of protectionism and the promise of free trade using detailed case studies of successful countries such as Singapore, Taiwan, South Korea, China and India. Low or declining barriers to free trade and high or rising shares of trade in total income have been key elements in the sustained rapid growth and poverty alleviation in these countries and many others. Free trade is like oxygen: the benefits are ubiquitous and not noticed until they are no longer there. This important book is an essential reminder of the costs of protectionism.

What's Wrong with Protectionism

Author : Pierre Lemieux
Publisher : Rowman & Littlefield
ISBN 13 : 1538122138
Total Pages : 142 pages
Book Rating : 4.5/5 (381 download)

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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.

Comparative Advantage, Growth, and the Gains from Trade and Globalization

Author : Robert M. Stern
Publisher : World Scientific
ISBN 13 : 9814340375
Total Pages : 716 pages
Book Rating : 4.8/5 (143 download)

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Book Synopsis Comparative Advantage, Growth, and the Gains from Trade and Globalization by : Robert M. Stern

Download or read book Comparative Advantage, Growth, and the Gains from Trade and Globalization written by Robert M. Stern and published by World Scientific. This book was released on 2011 with total page 716 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alan Deardorff was 65 years old on June 6, 2009. To celebrate this occasion, a Festschrift in his honor was held on October 2OCo3, 2009, in the Rackham Amphitheater at the University of Michigan in Ann Arbor. The Festschrift was entitled OC Comparative Advantage, Economic Growth, and the Gains from Trade and Globalization: A Festschrift in Honor of Alan V Deardorff.OCO It was co-organized by two of Professor Deardorff''s former students, Drusilla Brown of Tufts University and Robert Staiger of Stanford University, together with Robert Stern representing the University of Michigan. The first day of the Festschrift involved a series of panels in which invited participants reflected on Professor Deardorff''s contributions, including his writings on: comparative advantage; trade and growth; the gains from trade and globalization; and computational modeling and trade policy analysis. The panel participants prepared written comments, setting out their evaluation of Professor Deardorff''s contributions combined with their own thoughts on the current state of knowledge and analysis of the particular topic. At the end of the first day, Paul Krugman of Princeton University and The New York Times delivered a Citigroup Foundation Special Lecture entitled OC Reflections on Globalization: Yesteryear and Today.OCO All of these papers and Krugman''s lecture are contained in the volume."

The Myth of Free Trade

Author : Raveendra N. Batra
Publisher : Macmillan Reference USA
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Myth of Free Trade by : Raveendra N. Batra

Download or read book The Myth of Free Trade written by Raveendra N. Batra and published by Macmillan Reference USA. This book was released on 1993 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dr. Batra insists the policy of "free trade" may have damaged the economy as severely as the Great Depression. She sets forth a compelling plan for "competitive protectionishm" and prescirbes a radical but well-reasonsed five-year plan.

Who Gains by Free Trade?

Author :
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (254 download)

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Book Synopsis Who Gains by Free Trade? by :

Download or read book Who Gains by Free Trade? written by and published by . This book was released on 1851 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Open

Author : Kimberly Clausing
Publisher :
ISBN 13 : 0674919335
Total Pages : 361 pages
Book Rating : 4.6/5 (749 download)

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Book Synopsis Open by : Kimberly Clausing

Download or read book Open written by Kimberly Clausing and published by . This book was released on 2019-03-04 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the winds of trade war blowing as they have not done in decades, and Left and Right flirting with protectionism, a leading economist forcefully shows how a free and open economy is still the best way to advance the interests of working Americans. Globalization has a bad name. Critics on the Left have long attacked it for exploiting the poor and undermining labor. Today, the Right challenges globalization for tilting the field against advanced economies. Kimberly Clausing faces down the critics from both sides, demonstrating in this vivid and compelling account that open economies are a force for good, not least in helping the most vulnerable. A leading authority on corporate taxation and an advocate of a more equal economy, Clausing agrees that Americans, especially those with middle and lower incomes, face stark economic challenges. But these problems do not require us to retreat from the global economy. On the contrary, she shows, an open economy overwhelmingly helps. International trade makes countries richer, raises living standards, benefits consumers, and brings nations together. Global capital mobility helps both borrowers and lenders. International business improves efficiency and fosters innovation. And immigration remains one of America's greatest strengths, as newcomers play an essential role in economic growth, innovation, and entrepreneurship. Closing the door to the benefits of an open economy would cause untold damage. Instead, Clausing outlines a progressive agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy, improve tax policy, and establish a better partnership between labor and the business community. Accessible, rigorous, and passionate, Open is the book we need to help us navigate the debates currently convulsing national and international economics and politics.

The Caribbean Economies in an Era of Free Trade

Author : Michael Witter
Publisher : Routledge
ISBN 13 : 1351147501
Total Pages : 304 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis The Caribbean Economies in an Era of Free Trade by : Michael Witter

Download or read book The Caribbean Economies in an Era of Free Trade written by Michael Witter and published by Routledge. This book was released on 2017-11-28 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is concerned with the impact of economic globalization and an unregulated global market system on the Caribbean economies. The book is in three parts. Part I examines theoretical issues and includes an assessment of recent globalization trends, the limits of globalization, and the question of uneven development. Part II considers alternative policy solutions including interventionist alternatives, effective monetary strategies and innovative tourism strategies. Part III focuses on Jamaica and the Bahamas. Overall, this book provides a rich menu for alternative economic policies in the Caribbean at the turn of the century.

Against the Tide

Author : Douglas A. Irwin
Publisher : Princeton University Press
ISBN 13 : 9780691058962
Total Pages : 290 pages
Book Rating : 4.0/5 (589 download)

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Book Synopsis Against the Tide by : Douglas A. Irwin

Download or read book Against the Tide written by Douglas A. Irwin and published by Princeton University Press. This book was released on 1998-01-11 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: A delightful as well as educational read. It should be a set text for anyone interested in trade policy - The Economist.

Methodology for Impact Assessment of Free Trade Agreements

Author : Michael G. Plummer
Publisher : Asian Development Bank
ISBN 13 : 9290921978
Total Pages : 194 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Methodology for Impact Assessment of Free Trade Agreements by : Michael G. Plummer

Download or read book Methodology for Impact Assessment of Free Trade Agreements written by Michael G. Plummer and published by Asian Development Bank. This book was released on 2011-02-01 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.

Neither Free Trade Nor Protection

Author : Bill Dunn
Publisher : Edward Elgar Publishing
ISBN 13 : 178347193X
Total Pages : 237 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis Neither Free Trade Nor Protection by : Bill Dunn

Download or read book Neither Free Trade Nor Protection written by Bill Dunn and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges both sides of the debate around international trade. Most mainstream economists advocate free trade as a mainstay of national and global prosperity. Meanwhile, many critics see trade causing inequality and poverty. Unfortunately, s

International Trade

Author : Anne O. Krueger
Publisher : Oxford University Press, USA
ISBN 13 : 0190900466
Total Pages : 369 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis International Trade by : Anne O. Krueger

Download or read book International Trade written by Anne O. Krueger and published by Oxford University Press, USA. This book was released on 2020 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In all countries, there are laws and regulations affecting private economic activity. They are necessary to enable private economic activity to thrive, as well as to provide for honesty in information), consumer protection, and much more. Laws and regulations, such as safety standards, quality grades, and health and food (phytosanitary) standards generally apply to much economic activity within a country. In very primitive societies when farming or hunting was almost all economic activity, such measures were much less necessary. But as exchanges and trading increased, the need to find ways to support transactions became essential in order to enable parties to agree on even such things as simple weights and measures. Until there was a commercial code (legal framework), most businesses were owned primarily by family members who could trust each other. The commercial codes covered such phenomena as penalties against breach of contract, standards and assurances as to the quality and ingredients of goods being contracted, and penalties for their infringement, and so on. Note that even a rudimentary contract would likely have needed an understanding as to weights and measures, definition of materials, and much more"--

On the Principles of Political Economy, and Taxation

Author : David Ricardo
Publisher :
ISBN 13 :
Total Pages : 566 pages
Book Rating : 4.R/5 (3 download)

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Book Synopsis On the Principles of Political Economy, and Taxation by : David Ricardo

Download or read book On the Principles of Political Economy, and Taxation written by David Ricardo and published by . This book was released on 1821 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Free Trade and Absolute and Comparative Advantage

Author : Reinhard Schumacher
Publisher : Universitätsverlag Potsdam
ISBN 13 : 3869561955
Total Pages : 116 pages
Book Rating : 4.8/5 (695 download)

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Book Synopsis Free Trade and Absolute and Comparative Advantage by : Reinhard Schumacher

Download or read book Free Trade and Absolute and Comparative Advantage written by Reinhard Schumacher and published by Universitätsverlag Potsdam. This book was released on 2012 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis deals with two theories of international trade: the theory of comparative advantage, which is connected to the name David Ricardo and is dominating current trade theory, and Adam Smith’s theory of absolute advantage. Both theories are compared and their assumptions are scrutinised. The former theory is rejected on theoretical and empirical grounds in favour of the latter. On the basis of the theory of absolute advantage, developments of free international trade are examined, whereby the focus is on trade between industrial and underdeveloped countries. The main conclusions are that trade patterns are determined by absolute production cost advantages and that the gap between developed and poor countries is not reduced but rather increased by free trade.

Free Trade Agreements In The Asia Pacific

Author : Christopher Findlay
Publisher : World Scientific
ISBN 13 : 9814468223
Total Pages : 332 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Free Trade Agreements In The Asia Pacific by : Christopher Findlay

Download or read book Free Trade Agreements In The Asia Pacific written by Christopher Findlay and published by World Scientific. This book was released on 2009-12-21 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Free Trade Agreements (FTAs) have proliferated in East Asia as regional economies rush to catch up with the rest of the world — but what difference do they make? This book answers that question by providing an up-to-date assessment of the quality and impact of FTAs in the region. Featuring a collection of papers originally written for the prestigious Research Institute for Economy, Trade and Industry (RIETI) in Tokyo, it presents contemporary analysis and insights into the evolution of recent FTAs. The book is suitable for use by trade policy negotiators, policy analysts, and people developing business strategies in organizations, as well as graduate students and researchers in the field.

Negotiating Free-trade Agreements

Author : Walter Goode
Publisher :
ISBN 13 : 9781921244957
Total Pages : 208 pages
Book Rating : 4.2/5 (449 download)

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Book Synopsis Negotiating Free-trade Agreements by : Walter Goode

Download or read book Negotiating Free-trade Agreements written by Walter Goode and published by . This book was released on 2009 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

New Frontiers in Free Trade

Author : Razeen Sally
Publisher : Cato Institute
ISBN 13 : 1933995211
Total Pages : 169 pages
Book Rating : 4.9/5 (339 download)

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Book Synopsis New Frontiers in Free Trade by : Razeen Sally

Download or read book New Frontiers in Free Trade written by Razeen Sally and published by Cato Institute. This book was released on 2008 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Razeen Sally argues that international trade policy has lost its way. Trade policy has become disconnected from 21st century business and consumer realities. The World Trade Organization and free trade agreements have outdated negotiating models and yield diminishing returns." "Sally makes a case for the benefits of free trade and provides a penetrating analysis of the dangers confronting the world trading system."--BOOK JACKET.