New Frontiers in Free Trade: Globalization's Future and Asia's Rising Role

New Frontiers in Free Trade: Globalization's Future and Asia's Rising Role

New Frontiers in Free Trade: Globalization's Future and Asia's Rising Role

New Frontiers in Free Trade: Globalization's Future and Asia's Rising Role

Synopsis

"Razeen Sally argues that international trade policy has lost its way. Trade policy has become disconnected from 21st century business and consumer realities. The World Trade Organization and free trade agreements have outdated negotiating models and yield diminishing returns. Sally makes a case for the benefits of free trade and provides a penetrating analysis of the dangers confronting the world trading system."

Excerpt

Not that the story need be long, but it will take a long while to
make it short.

—Henry David Thoreau

Western influence on the world, though still great, is declining.
Eventually our societies will be the minor partner in the terrestrial
enterprise. What do we want the majority to believe about the
liberal idea that animated the West's historical achievement and
that we continue to profess, but have, in recent decades, ceased to
act upon? What kind of world will it be, if the majority comes to
believe that the idea is a sham?

—Jan Tumlir

This is a little book on a large subject: trade policy in the early 21st century. It has two objectives. The first, in the spirit of Thoreau's quote above, is to keep it short. My intention is not to write another bulky tome on the World Trade Organization, free trade agreements (FTAs), and other aspects of trade policy. Rather, it is to capture big trends, sum them up concisely, and communicate directly and engagingly to a broad audience of interested readers.

The second objective is to give my account a non-Western, especially Asian, slant—hence the headline quote from Jan Tumlir, who was for a long period of time the director of research at the General Agreement on Tariffs and Trade and its informal in-house philosopher. The classic themes of trade policy, revolving around free trade and protectionism, originated in the West and have been framed by the West for the rest of the world. But the major challenges facing trade policy today come increasingly from outside the West, and particularly from a rising Asia. The 21st century, so we are told, is the Asian century.

Now, for a little background to give a sense of this book's “mental atmosphere” (one of George Orwell's favorite terms). My last book . . .

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