Trade and Globalization
Trade and Immigration Reading List
Mad about Trade: Why Main Street America Should
Embrace Globalization by Daniel Griswold (Washington: Cato
How a more open U.S. economy benefits poor and middle-class
New Frontiers in Free Trade: Globalization’s Future
and Asia’s Rising Role by Razeen Sally (Washington: Cato
A panoramic view of the global trading system and how to revive
stalled efforts to liberalize trade
Let Them In: The Case for Open Borders by Jason
L. Riley (New York: Gotham Books, 2008)
A lively defense of the American tradition of welcoming
Globalization (Greenwood Guides to Business and
Economics) by Donald J. Boudreaux (Westport, Conn.: Greenwood
A laymen’s guide to the intellectual and economic arguments for an
open and integrated global economy
A Splendid Exchange: How Trade Shaped the World
by William J. Bernstein (New York, Atlantic Monthly Press,
A fun and fascinating history of trade and how it has contributed
to the progress of mankind
Freedom from Want: American Liberalism and the
Global Economy by Edward Gresser (Brooklyn, N.Y.: Soft Skull
An appeal to Democrats and political liberals to support trade as a
means to help the poor and promote world peace
Immigrants: Your Country Needs Them by Philippe
Legrain (Princeton, N.J.: Princeton University Press, 2007)
A global look at how the freedom to migrate promotes human
happiness, economic growth, and security
Reviving the Invisible Hand: The Case for Classical
Liberalism in the Twenty-first Century by Deepak Lal
(Princeton, N.J.: Princeton University Press, 2006)
A call to rediscover and reapply the principles that have allowed
the West to prosper
The Choice: A Fable of Free Trade and
Protection (3rd Edition) by Russell Roberts (Upper Saddle
River, N.J.: Pearson/Prentice Hall, 2006)
An illuminating conversation between David Ricardo and an American
businessman tempted by protectionism
The World is Flat: A Brief History of the Twenty-first Century
by Thomas Friedman (New York: Farrar, Straus and Giroux, 2005)
How globalization has resulted in an interconnected, fast-paced
Free Trade Under Fire (2nd ed.) by Douglas Irwin (Princeton,
NJ: Princeton University Press, 2005)
An empirical verification of the positive benefits of free
Globalization Works by Martin Wolf (New Haven: Yale University
Uses conventional economic analysis to prove the benefits of free
trade and globalization.
In Defense of Globalization by Jagdish Bhagwati (Oxford: Oxford
University Press, 2004)
An approachable defense of globalization by one of today’s leading
In Defense of Global Capitalism by Johan Norberg (Washington,
D.C.: Cato Institute, 2003)
A former left-anarchist debunks the claims of the
Growth, and Poverty: Building an Inclusive World Economy
(Washington, D.C.: World Bank, 2002)
An extensive report on globalization’s impact on growth and
“Spreading the Wealth” by David Dollar and Aart Kraay. Foreign
Affairs, January/February 2002.
Two World Bank economists show that globalization has narrowed the
income gap between the world’s rich and poor.
Against the Dead Hand: The Uncertain Struggle for Global
Capitalism by Brink Lindsey (New York: Wiley and Sons,
A comprehensive and historical analysis of globalization by the
Cato Institute’s Vice-President for Research.
The Race to the Top: The Real Story of Globalization by Tomas
Larsson (Washington, D.C.: Cato Institute, 2001)
On the ground reporting of the real effects of globalization.
The Elusive Quest for Growth: Economists’ Adventures and
Misadventures in the Tropics by William Easterly (Cambridge,
Mass.: MIT Press, 2001)
Shows that foreign aid, debt forgiveness, and other government
attempted remedies to foster growth in poorer nations have
Trade Liberalization: Fears and Facts by Robert Rogowsky, et
al. (Washington, D.C.: Center for Strategic and International
A fact-filled guide to some of the truths and misconceptions
concerning trade liberalization.
The Mystery of Capital: Why Capitalism Triumphs in the West and
Fails Everywhere Else by Hernando de Soto (New York: Basic
The winner of the 2004 Milton Friedman Prize for Advancing Liberty
argues that the failure of property rights and the rule of law has
been the major impediment to growth in the developing world.
Confronting Fears about Open Trade by Gary Burtless, et al.
(Washington, D.C.: Brookings Institution, 1998)
Offers suggestions on how to fully embrace globalization while
minimizing any negative effects that may result.
Internationalism by Paul Krugman (Cambridge, Mass.:
Massachusetts Institute of Technology, 1997)
A collection of essays that dispel some of the popular myths and
fears about free trade.
the Tide: An Intellectual History of Free Trade by Douglas
Irwin (Princeton, N.J.: Princeton University Press, 1996)
Documents the evolution of free trade in intellectual and economic
thought. “On the Balance of Trade,” “A Petition,” and other essays in
Sophisms by Frederic Bastiat.
Clever, concise, and brilliant refutations of the opponents of free
trade by one of histories most underappreciated economic
An Inquiry into the
Nature and Causes of the Wealth of Nations by Adam Smith.
The Father of Economics’ revolutionary treatise.