Growing international trade has helped lift living standards around
the world, and yet free trade is always under attack. Critics
complain that trade forces painful economic adjustments, such as
plant closings and layoffs of workers, and charge that the World
Trade Organization serves the interests of corporations, undercuts
domestic environmental regulations, and erodes America's
sovereignty. Why has global trade--and trade agreements such as
NAFTA--become so controversial? Does free trade deserve its bad
reputation? In Free Trade under Fire, Douglas Irwin sweeps aside
the misconceptions that litter the debate over trade and gives the
reader a clear understanding of the issues involved. This fourth
edition has been thoroughly updated to include the most recent
policy developments and the latest research findings on the impact
of trade.
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