Is Free Trade Always the Right Policy?

Paul Davidson

Chapter 20 in Inflation, Open Economies and Resources, 1991, pp 236-242 from Palgrave Macmillan

Abstract: Abstract The large merchandise trade deficit in the United States has caused great worries in [the USA] regarding the loss of jobs implied in this deficit as compared to the employment opportunities that would occur with a more balanced trade position. Accordingly, the principle of ‘free trade’ appears to be threatened by demand for tariff protectionism. Yet, in my view, the problem is typically not being discussed in the correct analytical framework in many public forums and in the media. Until we get our analysis right it is unlikely that we can get our policy right. I therefore thank the Committee for giving me this opportunity to set the matter straight and to indicate why I believe the Trade Emergency and Export Promotion Act is an important positive step.

Keywords: Direct Foreign Investment; Free Trade; Full Employment; Trade Deficit; Trade Surplus (search for similar items in EconPapers)
Date: 1991
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11516-7_20

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349115167

DOI: 10.1007/978-1-349-11516-7_20

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().