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General Theory of Trade... is the first academic or practitioner text book to establish a general theory of trade and competition and attempts to bring these two disciplines back together. Shanker Singham demonstrates that there is indeed a powerful interface between these two areas and that by understanding this interface practitioners, be they in governments, companies or law and economics firms can succeed in trade negotiations as well as build up support for free trade principles in a time when they are being increasingly challenged. By noting that consumer welfare is enhanced where trade liberalization is accompanied by competitive markets and property rights protection, the author articulates an overall vision in which future policymakers can frame a different kind of trade debate.
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Shanker Singham is Chairman of the International Trade and Competition Policy Roundtable and the leader of Squire Sanders and Dempsey LLP's market access / WTO practice. He is one of the world's leading lawyers in this area, and has written over fifty articles and book chapters on related topics. He is widely quoted on these issues in the media including being interviewed by CNBC on the Doha Development round of WTO negotiations, and being quoted in the Financial Times, Times, Reuters, the Economist, Wall Street Journal and New York Times, as well as Time and Wired Magazines.Review:
A General Theory of Trade and Competition is an important contribution to the understanding of global trade. By going back to first principles, Shanker Singham takes us back to the original purposes of free trade and competitive markets, helping to explain the benefits of free trade. It is an important book for trade specialists and policymakers. --Ambassador Rob Portman, former US Trade Representative, and former Director of the Office of Management and Budget.
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