Benefits of Trade Costs, of Protectionism
January 2007
Removing trade barriers through World Trade Organization and other negotiations promises to lift millions of people around the world out of poverty. Maintaining protectionist practices hurts millions, especially in the developing world, by preventing sustained economic expansion. While developed countries need to drop their own protectionist practices, developing countries stand to gain the most benefits by removing their protectionist barriers to imports from each other. Protectionism bolsters the politically designated few while harming the many; the problem and the solution are political. This issue of eJournal USA has articles from authors inside and outside the U.S. government describing the benefits of trade and the costs of protectionism.
En esta publicación
Related Map
-
Free Trade Agreements
For the first time, the World Economic Forum, known for tracking business climate around the world, has ranked countries on their trade-enabling environment.