International trade and trade policy have become increasingly
important and complex in recent years. In this comprehensive
introduction to the key aspects of international trade policy,
noted authority Anne O. Krueger explains what has happened and why
these issues are so difficult. With evidence-based analysis and an
even-handed approach, International Trade: What Everyone Needs to
Know lays the foundation to understand what trade does and does not
do. Focusing on the importance of trade in both goods and services,
Krueger explores the effects of various trade policies step-by-step
and demonstrates why economists generally support free trade.
Krueger considers the historical experience, highlighting how
technological changes and reduction of trade barriers helped
transform the world economy. Tariffs, antidumping and
countervailing duties, government procurement policies,
preferential trading arrangements, trade with developing countries
and emerging markets, and the World Trade Organization are
examined. Krueger tackles the fundamental questions surrounding
trade including: What are the benefits and costs? What are trade
deficits and do they matter? Why do some people favor protectionism
and barriers to trade? How does trade policy affect workers?
Written in question-and-answer format, this non-technical
introduction to the policies of international trade provides an
indispensable guide to one of the most crucial elements of the
global economy.
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