American Supporters of free trade are on the defensive. Record U.S. trade deficits are fueling demands from industry, Congress, and the public for tariffs, import quotas, and other protectionist measures that could reverse America's long-standing commitment to open markets and sacrifice much of the economic progress experienced in recent years. In Saving Free Trade: A Pragmatic Approach, Robert Z. Lawrence and Robert E. Litan analyze both the allure of protectionism and the problems associated with free trade, proposing reasonable, cost-effective ways of helping industries, workers, and communities battered by intense import competition. The book focuses on the escape clause of the U.S. Trade Act of 1974, meant to provide domestic industries temporary shelter from severe import competition, and the trade adjustment assistance program, designed to provide direct aid to companies, workers, and communities injured by imports. The authors analyze the assumptions and implication of the many currentcongressional attempts to amend the provisions of the escape clause and the assistance program. They then set forth their own proposals, including new definitions of import injuries, modifications of provisions for providing relief for beleaguered companies, new standards for compensating and retaining displaced workers, and a plan for insuring communities against severe losses to their tax bases if local industries fail because they can no longer compete. Saving Free Trade provides a detailed but nontechnical introduction to the complex implications of amending trade policy and shrewd, innovative proposals for improving America's ability to adapt to rapid changes in world markets.

In this era of globalization, it is easy to forget that today's free market values were not always predominant. But as this history of the birth of the General Agreement on Tariffs and Trade (GATT) shows, the principles and practices underlying our current international economy once represented contested ground between U.S. policymakers, Congress, and America's closest allies. Here, Thomas Zeiler shows how the diplomatic and political considerations of the Cold War shaped American trade policy during the critical years from 1940 to 1953. Zeiler traces the debate between proponents of free trade and advocates of protectionism, showing how and why a compromise ultimately triumphed. Placing a liberal trade policy in the service of diplomacy as a means of confronting communism, American officials forged a consensus among politicians of all stripes for freer_if not free_trade that persists to this day. Constructed from inherently contradictory impulses, the system of international trade that evolved under GATT was flexible enough to promote American economic and political interests both at home and abroad, says Zeiler, and it is just such flexibility that has allowed GATT to endure.

Thus what the "fair-trade" protectionist argument really comes down to is the nonsensical proposition that because foreign countries damage their consumers by foolish protectionist measures, equity demands the United States follow suit.

This book examines the notion of "free trade" and the issues raised by adopting the General Agreement on Tariffs and Trade (GATT) and the North American Free Trade Agreement (NAFTA). Essays by Ralph Nader, Jerry Brown, William Greider, Margaret Atwood, Mark Ritchie, Wendell Berry, Pat Choate, and others.

A Financial Times Best Economics Book of the Year A Foreign Affairs Best Book of the Year A Fareed Zakaria GPS Book of the Week “A highly intelligent, fact-based defense of the virtues of an open, competitive economy and society.” —Fareed Zakaria “A vitally important corrective to the current populist moment...Open points the way to a kinder, gentler version of globalization that ensures that the gains are shared by all.” —Justin Wolfers “Clausing’s important book lays out the economics of globalization and, more important, shows how globalization can be made to work for the vast majority of Americans. I hope the next President of the United States takes its lessons on board.” —Lawrence H. Summers, former Secretary of the Treasury “Makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization.” —Richard N. Cooper, Foreign Affairs Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community.

How many Americans still believe that the benefit of low prices on foreign imports exceed the harm that has been done to our domestic industry? America now has its lowest workforce participation rate since the 1970s'. We have swelling welfare rolls and calls for higher taxes to support a population that is increasing in government dependence. Will politicians and the news media ever quit pretending they don't know why China's stock market is collapsing? Their markets are tied to their manufacturing-which used to be our manufacturing. Other nations have our jobs, and hence our ability to buy their junk, so now they have stockpiles of junk and Americans are left with service industry jobs and government assistance. Neither a nation nor a company will survive long when they export the jobs of all their consumers. The American System creates American jobs.

Studies the impact of the economic dimension on political issues and decision making.

"Through an analysis of Christian communities in the United States, Canada, and Costa Rica, this book analyzes how religious groups talk about the politics surrounding economic life. Amy Reynolds examines how these Christian organizations speak about trade and the economy as moral and value-laden spaces, deserving ethical reflection and requiring political action. She reveals the ways in which religious communities have asked people to engage in new approaches to thinking about the market and how they have worked to create alternative networks and policies governing economic and social life"--

On the eve of the British conquest of India, northern India was rich in marketplaces that served as centers for an extensive and vigorous organization of inland and oceanic trade. Indigenous commercial practice, which the British never fully understood, was based on an intricate network of social, political, and religious relationships. In Empire of Free Trade, Sudipta Sen demonstrates that these marketplaces became the first sites of conflict between the East India Company and the traditional rulers of Bengal (regional representatives of the Mughal empire), as the Company fought to supplant the rulers' authority and "settle" northern Indian centers of trade by establishing powerful customs and police networks. Sen challenges recent histories that portray the Company as a trading corporation drawn unprepared into the exigencies of warfare in order to protect its ability to engage in trade. He demonstrates instead that, from the beginning, the Company attempted to build a strong and intrusive state in India, and that the first decades of colonial rule entailed much more than the preservation of trade. From the beginning the Company attempted, largely by force and subversion, to dismantle and appropriate successful commercial relationships and, with them, the cultural networks on which they were based. Sen argues that the disorganization that resulted from this dismantling helped to prepare the way for the eventual conquest of India.