A leading international economist looks at many of the key
issues of trade policy now confronting the United States and the
world in this timely book. Clear, informative, and witty, Jagdish
Bhagwati provides the best available analysis of the protection
debate and offers a prescription for reform in this turbulent area
of trade policy.Bhagwati identifies new and powerful interests and
ideologies that are likely to dominate the outcome of the debate.
He argues that opposing tendencies can be identified in
trade-related ideologies and in the national and sectional
interests that lobby on trade policy in pluralistic societies. He
offers the prognosis that the forces favoring freer trade are more
robust and more fundamental than the forces of protectionism, and
that pro trade forces are likely to triumph in the end but only if
we adapt appropriately the institutions within which these
ideologies and interests must function.Through an appealing
combination of text, quotations, cartoons, tables, charts, and
graphs, Bhagwati provides a masterly and entertaining look at the
forces for and against protection.Jagdish Bhagwati is Arthur Lehman
Professor of Economics and Professor of Political Science at
Columbia University. Protectionism is based on the inaugural series
of Ohlin Lectures, which he delivered at the Stockholm School of
Economics in October of 1987.
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