Publisher's Synopsis
The case for freer trade has been under mounting attack in recent years. The debates over NAFTA and the expanding of the EU to include countries in southern and eastern Europe reveal deep seated fears that advanced countries' jobs and income distribution are threatened by competition from lower waged countries.;This text examines the old (pauper labour) and new (oligopolistic rents and technological externalities) arguments against freer trade, describing new thinking and evidence on the way trade policy influences growth and dynamic performance. It also provides a concise and non-technical discussion of conceptual arguments, real-world case studies and empirical evidence.;The accompanying software shows the impact of trade policy on the international economy, describing how and why an economy trades internationally through a range of numerical, tabular and graphical simulations of an economy over a 12-year evolution. No economic knowledge is assumed and the user interface has been designed for simplicity.
