The Economic Case for Free Trade

Edmund Dell

Chapter 15 in The Politics of Economic Interdependence, 1987, pp 203-222 from Palgrave Macmillan

Abstract: Abstract There are many economic arguments for free trade which have great intuitive force. It improves the international division of labour. It recognises and respects ‘comparative advantage’. There is the maximum wealth creation internationally and a more efficient allocation of resources nationally and internationally. Whether these arguments are as heavily supported by evidence as they are by intuition is more doubtful.

Keywords: Exchange Rate; International Trade; Free Trade; Comparative Advantage; Adjustment Cost (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18874-1_15

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DOI: 10.1007/978-1-349-18874-1_15

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