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Author: Jagdish N. Bhagwati
Publisher: Princeton University Press
ISBN: 9780691117300
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
Shows how the pursuit of social and environmental agendas can be creatively reconciled with the pursuit of free trade. Argues that free trade, by raising living standards, can serve these agendas far better than can a descent into trade sanctions and restrictions.
Author: Jagdish N. Bhagwati
Publisher: Princeton University Press
ISBN: 1400824346
Category : Business & Economics
Languages : en
Pages : 143
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Book Description
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.
Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 0199715904
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
Jagdish Bhagwati, the internationally renowned economist who uniquely combines a reputation as the leading scholar of international trade with a substantial presence in public policy on the important issues of the day, shines here a critical light on Preferential Trade Agreements, revealing how the rapid spread of PTAs endangers the world trading system. Numbering by now well over 300, and rapidly increasing, these preferential trade agreements, many taking the form of Free Trade Agreements, have re-created the unhappy situation of the 1930s, when world trade was undermined by discriminatory practices. Whereas this was the result of protectionism in those days, ironically it is a result of misdirected pursuit of free trade via PTAs today. The world trading system is at risk again, the author argues, and the danger is palpable. Writing with his customary wit, panache and elegance, Bhagwati documents the growth of these PTAs, the reasons for their proliferation, and their deplorable consequences which include the near-destruction of the non-discrimination which was at the heart of the postwar trade architecture and its replacement by what he has called the spaghetti bowl of a maze of preferences. Bhagwati also documents how PTAs have undermined the prospects for multilateral freeing of trade, serving as stumbling blocks, instead of building blocks, for the objective of reaching multilateral free trade. In short, Bhagwati cogently demonstrates why PTAs are Termites in the Trading System.
Author: Thomas W. Zeiler
Publisher: UNC Press Books
ISBN: 9780807824580
Category : Business & Economics
Languages : en
Pages : 296
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Book Description
In this era of globalization, it is easy to forget that today's free market values were not always predominant. But as this history of the birth of the General Agreement on Tariffs and Trade (GATT) shows, the principles and practices underlying our current international economy once represented contested ground between U.S. policymakers, Congress, and America's closest allies. Here, Thomas Zeiler shows how the diplomatic and political considerations of the Cold War shaped American trade policy during the critical years from 1940 to 1953. Zeiler traces the debate between proponents of free trade and advocates of protectionism, showing how and why a compromise ultimately triumphed. Placing a liberal trade policy in the service of diplomacy as a means of confronting communism, American officials forged a consensus among politicians of all stripes for freer_if not free_trade that persists to this day. Constructed from inherently contradictory impulses, the system of international trade that evolved under GATT was flexible enough to promote American economic and political interests both at home and abroad, says Zeiler, and it is just such flexibility that has allowed GATT to endure.
Author: Frank Trentmann
Publisher: Oxford University Press, USA
ISBN: 0199209200
Category : Business & Economics
Languages : en
Pages : 466
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Book Description
This is the story of free trade in 19th century Britain, its contribution to the development of Britain's democratic culture, and the unravelling of the free trade movement in the wake of the First World War.
Author: Roberto Mangabeira Unger
Publisher: Princeton University Press
ISBN: 140082785X
Category : Political Science
Languages : en
Pages : 240
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Book Description
Free Trade Reimagined begins with a sustained criticism of the heart of the emerging world economy, the theory and practice of free trade. Roberto Mangabeira Unger does not, however, defend protectionism against free trade. Instead, he attacks and revises the terms on which the traditional debate between free traders and protectionists has been joined. Unger's intervention in this major contemporary debate serves as a point of departure for a proposal to rethink the basic ideas with which we explain economic activity. He suggests, by example as well as by theory, a way of understanding contemporary economies that is both more realistic and more revealing of hidden possibilities for transformation than are the established forms of economics. One message of the book is that we need not choose between accepting and rejecting globalization; we can have a different globalization. Traditional free trade doctrine rests on shaky empirical and theoretical ground. Unger takes a new approach to show when international trade is likely to be useful or harmful to the socially inclusive economic growth that every nation wants. Another message is that the movement of people and ideas is more important than the movement of things and money, and that freedom to change the institutions defining a market economy is just as important as freedom to exchange goods on the basis of those institutions. Free Trade Reimagined ranges broadly within and outside economics. Presenting technical issues in plain language, it appeals to the general reader. It puts a disciplined imagination in the service of rebellion against the dictatorship of no alternatives that characterizes life and thought today.
Author: Steve Dryden
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 492
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Book Description
This brilliantly written history of the office of the U.S. Trade Representative illuminates the part this office plays in our evoloving role in the world economy. Dryden traces the deep ambivalence most Americans have about the ideal of free trade, and includes vivid capsule portraits of all the U.S. Trade Representatives.
Author: Sherrod Brown
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
"U.S. Representative Sherrod Brown - a leading progressive voice in Congress - takes apart free-trade dogma, myth by myth." "Ten years after NAFTA, free-trade policies have not brought prosperity to Mexican workers, and more than one million American jobs have been lost as a result of the agreement. Do free-trade pacts foster democracy? Brown examines the facts. Are fast-track agreements necessary to fight the war on terrorism? Brown dissects the arguments and the evidence."--BOOK JACKET.
Author: Jagdish N. Bhagwati
Publisher: Princeton University Press
ISBN: 9780691117300
Category : Business & Economics
Languages : en
Pages : 146
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Book Description
Shows how the pursuit of social and environmental agendas can be creatively reconciled with the pursuit of free trade. Argues that free trade, by raising living standards, can serve these agendas far better than can a descent into trade sanctions and restrictions.
Author: Kathiann M. Kowalski
Publisher: Marshall Cavendish
ISBN: 9780761425755
Category : Business & Economics
Languages : en
Pages : 150
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Book Description
In the field of social policy, some topics are so complicated that they will always be subject to debate. Since no clear right or wrong exists, they are consigned to the gray areas of ongoing dispute. Among such issues "open for debate" both across America and in this eye-opening series are capital punishment, genetic engineering, gun control, and global warming. Others involve terrorism and chemical and biological warfare, two outright evils, though with highly disputable solutions. Open for Debate explores the past, present, and future to shed light on complex, high-priority public policy. A lucid, readily accessible format offers the pros and cons of each issue with opinions from social policy experts. It features sidebars of fascinating facts and easy-to-understand diagrams of key statistics. Open for Debate introduces future public policy thinkers to both sides of twenty-first-century, life-and-death concerns.
Author: Marc-William Palen
Publisher: Cambridge University Press
ISBN: 1316477851
Category : Business & Economics
Languages : en
Pages : 562
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Book Description
Following the Second World War, the United States would become the leading 'neoliberal' proponent of international trade liberalization. Yet for nearly a century before, American foreign trade policy was dominated by extreme economic nationalism. What brought about this pronounced ideological, political, and economic about-face? How did it affect Anglo-American imperialism? What were the repercussions for the global capitalist order? In answering these questions, The 'Conspiracy' of Free Trade offers the first detailed account of the controversial Anglo-American struggle over empire and economic globalization in the mid- to late-nineteenth century. The book reinterprets Anglo-American imperialism through the global interplay between Victorian free-trade cosmopolitanism and economic nationalism, uncovering how imperial expansion and economic integration were mired in political and ideological conflict. Beginning in the 1840s, this conspiratorial struggle over political economy would rip apart the Republican Party, reshape the Democratic Party, and redirect Anglo-American imperial expansion for decades to come.
