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The Free Trade Adventure

The Free Trade Adventure PDF Author: Graham Dunkley
Publisher: Zed Books
ISBN: 9781856497695
Category : Business & Economics
Languages : en
Pages : 356

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Book Description
Free trade lies at the heart of the new era of globalization. This is a review of the history of 20th-century trade agreements, tracing what happened to the General Agreement on Tariffs and Trade (GATT) before the USA pushed the world into the Uruguay Round. This renegotiation of the rules of international trade, enshrined in the World Trade Organisation agreements, is now taking free trade much further than ever before. The author examines the benefits and hidden costs of the WTO Agreements, their implications for weaker economies and their likely consequences in terms of environmental protection, labour standards and political sovereignty. Alternatives do exist, he argues, to an over-reliance on free trade. These include managed trade, fair trade and self-reliant trade. He also sets out a series of innovative proposals for reforming the WTO, IMF and World Bank.