The Political Economy of Free Trade
Document Type
Book Chapter
Source of Publication
Prospects and Challenges of Free Trade Agreements
Publication Date
1-1-2015
Abstract
This chapter has two goals. The first is to review the theoretical arguments why free trade can be beneficial for a country from both an economics and institutional perspectives. The second goal is to explain how, despite the potential benefits associated with free trade, countries still have a number of policies in place which restrict the freeflow of goods, services and capital. We review a number of these restrictive policies and show the extent of the benefits which are likely to arise as a result of their elimination through a free trade agreement (FTA). Lastly, the chapter concludes with a discussion of some of the limitations associated with bilateral and plurilateral (FTAs) in realising the full benefits of such agreements.
DOI Link
Publisher
Palgrave Macmillan UK
First Page
9
Last Page
33
Disciplines
Business
Recommended Citation
Chadee, Doren; Roxas, Banjo; and Rogmans, Tim, "The Political Economy of Free Trade" (2015). All Works. 3536.
https://zuscholars.zu.ac.ae/works/3536
Indexed in Scopus
no
Open Access
no