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"Before emphasizing what I believe, perhaps I should point out what I do not believe, or what I no longer believe: I no longer believe in the magic of the spoken word. It signifies not order but disorder. It does not eliminate chaos, it only concealsit. It no longer carries men's hopes but distorts them. It has ceased to be a vehicle, only to become an obstacle. It does not signify sharing but compromise."
- Elie Weisel,
From the Kingdom of Memory
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ZIN Product Number: 10194366
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| | | |  | | | Product Details
 Format: Hardcover, 288 pages
Publisher: Princeton University Press
ISBN: 0691088438
Release Date: Jan 4, 2002
| |  | | | From The Publisher
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 Free Trade under Fire, Douglas Irwin sweeps aside the misconceptions that litter the debate over trade and gives 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 U.S. trade policy, he shows how "fair trade" measures are arbitrary, unfair, and often harmful. He then demystifies the World Trade Organization and sets 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. In a debate where assertions often masquerade as arguments, Irwin's analysis is firmly evidence-based—rooted in empirical research and relying on specific examples and illustrations. Finely argued, Free Trade under Fire makes a vast body of economic learning accessible to nonspecialists. It is an essential primer for anyone who wants to understand one of the most burning controversies of our time.
Author Biography: Douglas A. Irwin is Professor of Economics at Dartmouth College and the author of Against the Tide: An Intellectual History of Free Trade (Princeton).
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| | | |  | | | | List of Figures | | | List of Tables | | | Acknowledgments | | | Introduction | 1 | | 1 | The United States in a New Global Economy? | 5 | | 2 | The Case for Free Trade: Old Theories, New Evidence | 21 | | 3 | The Employment Rationale for Trade Protection | 70 | | 4 | Relief from Foreign Competition: Antidumping and the Escape Clause | 111 | | 5 | U.S. Trade Policy and the World Trading System | 138 | | 6 | The World Trade Organization and New Battlegrounds | 179 | | Conclusion | 225 | | References | 229 | | Index | 251 |
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| | | | | | Keywords
Free trade, United States, Commercial policy, Globalization, Business / Economics / Finance, Business & Economics, Exports & Imports, International - General, Treaties, International - Economics
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