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Termites in the Trading System

by Jagdish Bhagwati

2020-11-20 03:05:32

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Preferential Trade Agreements, many taking the form of Free Trade Agreements, now number over 300 and are rapidly increasing. In this new book, leading economist Jagdish Bhagwati reveals how these agreements have recreated the unhappy situation of th... Read more
Preferential Trade Agreements, many taking the form of Free Trade Agreements, now number over 300 and are rapidly increasing. In this new book, leading economist Jagdish Bhagwati reveals how these agreements have recreated the unhappy situation of the protectionist 1930s, when world trade was undermined by discriminatory practices (today, ironically, as a result of a misdirected pursuit of free trade). The world trading system is definitely at risk again, the author argues, and the danger is palpable. Indeed, PTAs have created a chaotic system of preferences that has destroyed the principle of non-discrimination in trade. Less

Book Details

Publication date July 14, 2008
Languageeng
ISBN9780199715909
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Jagdish Bhagwati
Author
Jagdish Bhagwati is University Professor, Economics and Law, at Columbia University and Senior Fellow in International Economics at the Council on Foreign Relations. He has been uniquely celebrated wi...

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