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The World Trading System at Risk (Hardcover)
Loot Price: R2,590
Discovery Miles 25 900
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The World Trading System at Risk (Hardcover)
Series: Princeton Legacy Library
Expected to ship within 10 - 15 working days
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Jagdish Bhagwati, one of the world's leading economists, offers a
fascinating overview of the perils and promise facing the world
trading system. That system is now being subjected to powerful
centrifugal forces. Concerns with unfair trade are rampant, managed
trade is increasingly popular, and regionalism is spreading. The
United States, the traditional bulwark of multilateralism, has
recently resorted to aggressive, unilateral tactics in trade
policy. To a consideration of these developments, Bhagwati brings a
unique blend of economic theory, historical scholarship, and
familiarity with the institutions of world trade. Bhagwati refutes
facile but fashionable criticisms of the General Agreement on
Tariffs and Trade (GATT). Warning of the dangers of flouting the
GATT's provisions, he shows that its underlying conception of
trading by rules will be undermined if we extend accusations of
"unfair trade" practices to areas as diverse as retail distribution
systems, infrastructure spending, saving rates, and workers'
rights. He challenges the economic and cultural stereotypes of
Japan that fuel the sentiments supporting managed trade and
aggressive unilateralism. In addition, he provides novel
suggestions for rebuilding the GATT and with it the world trading
system itself--suggestions that should prove useful at the Uruguay
Round and beyond. Originally published in 1991. The Princeton
Legacy Library uses the latest print-on-demand technology to again
make available previously out-of-print books from the distinguished
backlist of Princeton University Press. These editions preserve the
original texts of these important books while presenting them in
durable paperback and hardcover editions. The goal of the Princeton
Legacy Library is to vastly increase access to the rich scholarly
heritage found in the thousands of books published by Princeton
University Press since its founding in 1905.
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