Free Trade under Fire

Free Trade under Fire

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  • 製本 Paperback:紙装版/ペーパーバック版/ページ数 280 p.
  • 言語 ENG
  • 商品コード 9780691116341
  • DDC分類 337

Full Description


The 1990s began with fears of a "great sucking sound" of jobs lost due to the North American Free Trade Agreement and ended with opponents of the World Trade Organization taking to the streets in the "Battle of Seattle". Why has global trade become so controversial? Does free trade deserve its bad reputation? In this book, Douglas Irwin sweeps aside the misconceptions that litter the debate over trade and aims to give the reader a clear understanding of the issues involved. Putting the findings of an extensive body of economic research at the disposal of the general public, Irwin examines the positions of the proponents and critics of free trade - and makes plain the stakes involved in their disagreement, particularly for the United States. He explains the economic benefits of trade, not just for corporations but for people and the environment. He illustrates how protectionist policies damage the economy and fail to save jobs. Examining US trade policy, he shows how "fair trade" measures are arbitrary, unfair, and often harmful. He then attempts to demystify the World Trade Organization and set the record straight about its controversial rulings on trade and the environment.Irwin does not hold up free trade as a panacea but demonstrates why it is our best alternative.

Table of Contents

        List of Figures                            ix
List of Tables xi
Acknowledgments xiii
Introduction 1 (4)
The United States in a New Global Economy? 5 (16)
The Case for Free Trade: Old Theories, New 21 (49)
Evidence
The Employment Rationale for Trade 70 (41)
Protection
Relief from Foreign Competition: 111 (27)
Antidumping and the Escape Clause
U.S. Trade Policy and the World Trading 138 (41)
System
The World Trade Organization and New 179 (46)
Battlegrounds
Conclusion 225 (4)
References 229 (22)
Index 251