Free trade is just trade.(Trade Justice or Free Trade?)(Brief Article)(Book Review)
American Enterprise, The, July, 2005 by Murray, Iain
Alex Singleton, "Trade Justice or Free Trade?" The Globalization Institute, April 2005 (globalizationinstitute.org)
Trumpeting the idea that poor countries should protect their economies, Britain's Trade Justice Movement is calling for "trade justice" instead of free trade. Some of its backers, like Guardian journalist George Monbiot, argue that the World Trade Organization should become a Fair Trade Organization. While buying "fair trade" coffee is a voluntary exercise today, the Trade Justice Movement would like to make it compulsory.
Though well-intentioned, their proposals, like all protectionist measures, would be counterproductive, says Globalization Institute fellow Alex Singleton. India's experience is instructive. For the first 30 years after...
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