The collapse of WTO negotiations and the upcoming presidential election have deepened doubts about the future of free trade and the global economy. In an illuminating new book, Dr. Razeen Sally of the London School of Economics argues forcefully that trade policy has become disconnected from 21st-century business and consumer realities. As trade agreements yield diminishing returns, the world’s fastest-growing economies in Asia have embraced freer trade and global integration unilaterally. The author renews the argument for free trade, warns of the imminent dangers of protectionism, and charts a new way forward for trade liberalization in the United States and globally. A top international economist at the World Bank will comment.
New Frontiers in Free Trade: Globalization’s Future and Asia’s Rising Role is available at the Cato Bookstore.