This is a forceful argument in favour of free trade economics at
its most extreme. Krauss, one of America's most respected academic
economists, can see no sane counter-argument to free trade, nor can
he see any problem with following its dictates single-mindedly,
wherever they may lead. And where they lead in this case is to the
abolition of any social programme, the abandonment of any
environmental protection, the breaking down of any legal protection
for workers. These are, quite literally, irrelevant, he says.
Abandon all such protections, Krauss argues, and although there
might be massive job losses in one place, there will be
compensatory job gains elsewhere. On the macroeconomic scale,
everything would reach a sustainable level and all would be right.
Any form of protection, just gets in the way of the economy working
properly. The figures may indeed add up, but the wilful ignorance
of the consequences of these actions is shocking to say the least.
(Kirkus UK)
The author of this book argues that protectionism is in fact a threat to economic prosperity. He presents the case for free trade and points out the errors of protectionist thinkers. He also discusses immigration policy, foreign aid, regionalism, development policy, and issues of national competitiveness, as they relate to open markets between countries.
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