GLOBE International Trade Theory & Policy
by Steven M. Suranovic Chapter 120
Evaluating the Controversy Between Free Trade and Protectionism




Chapter 5
Chapter 10
Chapter 20
Chapter 30
Chapter 40
Chapter 60
Chapter 70
Chapter 80
Chapter 90
Chapter 95
Chapter 100
Chapter 105
Chapter 110
Chapter 115
>> Chapter 120
Chapter 125

Table of Contents

120-1 Introduction
120-2 Economic Efficiency Effects from Free Trade
120-3 Free Trade and the Distribution of Income
120-4 The Case for Selected Protection
120-5 The Economic Case Against Selected Protection
  120-5a The Potential for Retaliation
  120-5b The Theory of the 2nd-Best
  120-5c Information Deficiencies
  120-5d Political Economy Issues: The Problem with Democratic Processes
120-6 Free Trade as the "Pragmatically Optimal" Policy Choice

DOWNLOAD Chapter 120 in PDF format.

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


Jeopardy 120-1

Answer Keys

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Related Links
  • Was it All in Ohlin?
    An article by Paul Krugman that queries whether many of the main results from trade theory were in Bertil Ohlin's writings all along.
  • Fifty Years of the GATT/WTO
    by Fred Bergsten of the Intstitute of International Economics. This paper considers lessons from the past and strategies for the future.

©1998-2006 Steven M. Suranovic, ALL RIGHTS RESERVED
Last Updated on 1/3/06
Suranovic, Steven, "International Trade Theory and Policy: Evaluating the Controversy Between Free Trade and Protectionism," The International Economics Study Center, © 1997-2006,