Free trade lies at the heart of the new era of globalization. This superb account explains the theory of free trade and how it has been put into practice. The author reviews the history of 20th century trade agreements. He traces what happened to GATT, with its quite narrow ambit, before the USA pushed the world into the Uruguay Round. He also examines the benefits and hidden costs of the WTO Agreements in both economic and non-economic terms.
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Graham Dunkley is at Victoria University of Technology, Melbourne, Australia.
'Goes a long way towards redressing the imbalance in the debate on the desirability of free trade. Graham Dunkley's incisive analysis shows that resistance may be preferable to adaptation.' Business SA 'Provides an interesting insight into the variety of "special interests" which have helped to promote an opening of the global economy, while fuelling regionalism and selective protectionism.' Chris Scholl, International Politics 'Provide a thoroughly useful guide to the issues involved.' Ali Mchumo, Managing Director of the Common Fund for Commodities (CFC)
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