Protectionism is back on the agenda as the financial crisis
deepens. With calls for measures that purport to protect low income
workers growing louder in the West, it is essential that the
economic arguments in favour of free trade and globalization are
re-emphasised.Philip Booth and Richard Wellings have brought
together key papers originally published by the Institute of
Economic Affairs, which, for the past 50 years, has been vigorously
defending the case for free trade, and for globalization more
generally. These important papers, which are not widely available,
trace the development of the debate on the benefits of free trade
during the last 50 years. The editors have written an authoritative
introduction which offers a comprehensive overview of the arguments
for and against globalization.
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