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Author: Bill Dunn Publisher: Edward Elgar Publishing ISBN: 178347193X Category : Political Science Languages : en Pages : 237
Book Description
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
Author: Bill Dunn Publisher: Edward Elgar Publishing ISBN: 178347193X Category : Political Science Languages : en Pages : 237
Book Description
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
Author: Arvind Panagariya Publisher: Oxford University Press ISBN: 0190914505 Category : Business & Economics Languages : en Pages : 352
Book Description
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. Given the clear benefits trade openness has brought everywhere, this is a surprising development. 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.
Author: Henry George Publisher: Jazzybee Verlag ISBN: 3849657981 Category : Political Science Languages : en Pages : 350
Book Description
Henry George on free trade! The dismal science is being reclaimed, its swamp lands drained, its jungles cleared, sunshine and free air let in; and the cheap publishers are establishing a prosperous settlement on the bogs where the owl but lately was wont to hoot its wisdom to unlistening ears. The singular success of Mr. George is that he has made Political Economy interesting. A vast deal of heresy might well be pardoned to the author who has set the average man thinking over the urgent problems which were recently supposed to constitute the dreariest of the sciences. No writer on Political Economy has approached him in the power of clothing its dry bones with life. Those who deny him the title of a social architect cannot refuse him the claim of being an economic artist. This book has much of the charm which characterized his first great work. 'Protection or Free Trade' takes a grip of the reader such as 'Progress and Poverty' laid upon hosts of men in all walks of life. Those of us who knew that Mr. George has been for a year or more engaged on a book upon this well-handled theme have awaited its appearance with curious wonder, to see whether this threshed-out subject could take on new life at his touch. The miracle is wrought. He has written a book which, whether it convince the reader or not, cannot fail to interest him, and allure him on through its pages with a zest that never flags from title-page to finis. He is really a master of words. This, however, is because he is a master of ideas. He has his subject well in hand when he begins to write. He thinks clearly, and thus speaks clearly. He knows what he means, sees his thought vividly in the sunshine, and thus puts it upon paper so that he who runs may read. He goes straight for the point which he has in view, and strides along in a good, honest Saxon gait which leaves it easy for the plainest man of the people to keep in his footsteps.