Featuring the author Arvind Panagariya, Professor of Economics, Columbia University; with comments by Anne Krueger, Senior Research Professor of International Economics, Johns Hopkins University School of Advanced International Studies; moderated by Ian Vásquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
Free trade provides enormous benefits to developing countries. Arvind Panagariya will describe its impressive record in promoting growth and reducing poverty at a time when some policymakers in rich and poor countries are turning toward protectionism. He will explain how openness was key to the economic success of countries like South Korea and Taiwan and will refute claims that industrial policy, infant industry protection, or measures that erected barriers to trade have worked better than free trade itself. Anne Krueger will comment on Panagariya’s full-scale defense of free trade and warn about threats to the liberal, global trade regime.