International Trade Theory and Policy
by Steven M. Suranovic

CHAPTER 125
Fairness in International Trade

Table of Contents

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Problem Sets

LEVEL 1: Basic Definitional
LEVEL 2: Basic Intermediate
LEVEL 3: Advanced Intermediate

LEVEL 1

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Trade Theories and Realities:
Why Economists Should Study Fairness

by Steve Suranovic (published in the September 1997 issue of CHALLENGE)

This article provides a realistic account of the types of outcomes predicted by economic theory as a country moves to free trade. The story suggests a question that must be answered if we are ever to reach broad agreement on the choice of appropriate trade policies. It is a question that will require us to understand fairness in order to answer.

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