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Trade Policy, New Century
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In recent years, debates on international trade policy have focused on the role of the World Trade Organization and the two big political and economic powers - the USA and the EU. In this book, the...
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20 April 2008

In recent years, debates on international trade policy have focused on the role of the World Trade Organization and the two big political and economic powers - the USA and the EU. In this book, the author, an expert in trade policy, argues that this focus must change. Large supra-national institutions have become bogged down and are no longer in a position to drive trade liberalisation. Also, the world's fastest growing economies are those Asian economies that have embraced free trade, in many cases going beyond international requirements. Asian countries - China most conspicuously - have been taking the initiative by pursuing free trade unilaterally. This must continue and spread. The Western developed economies should respond by removing their own protectionism. Unilateral action, not trade negotiations, is the key: the world cannot wait for the WTO. If a unilateral commitment to free trade is to stick, it must be fixed in a general attitude of economic liberalism in the domestic economy. This applies as much to newly emerging economies as to the USA and the EU. In this tour de force of international trade policy, Razeen Sally is realistic about the ability of existing institutions to deliver free trade 'from above', but optimistic about the prospects for the world economy as a result of unilateral liberalisation 'from below'.
Price: £12.50
Pages: 229
Publisher: London Publishing Partnership
Imprint: IEA
Series: IEA Hobart Paper
Publication Date:
20 April 2008
Trim Size: 7.70 X 5.00 in
ISBN: 9780255365444
Format: Paperback
BISACs:
Razeen Sally brings depth and breadth, both of scholarship and of practical experience, to his task. . . . This short book is the best and important volume on trade in years. Clive Crook, "Financial Times""