The Political Economy of Free Trade
Source of Publication
Prospects and Challenges of Free Trade Agreements
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.
Palgrave Macmillan UK
Chadee, Doren; Roxas, Banjo; and Rogmans, Tim, "The Political Economy of Free Trade" (2015). All Works. 3536.
Indexed in Scopus