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Free Trade Agreements, Trade Policy and Multilateralism

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  • Jomo Kwame Sundaram

Abstract

Free trade agreements are generally presumed to enhance trade liberalization, but have effectively been used to enhance powerful corporate interests including non-trade matters. Trump’s actual trade policy may well be more pragmatic than his presidential campaign rhetoric. Nevertheless, international trade tensions continue to grow since the immediate aftermath of the 2008 global financial crisis. US-China trade relations were seen to be at the heart of these tensions. Although these may be resolved, trade multilateralism remains under threat.

Suggested Citation

  • Jomo Kwame Sundaram, 2016. "Free Trade Agreements, Trade Policy and Multilateralism," Development, Palgrave Macmillan;Society for International Deveopment, vol. 59(1), pages 40-47, June.
    • Handle: RePEc:pal:develp:v:59:y:2016:i:1:d:10.1057_s41301-017-0073-1
    DOI: 10.1057/s41301-017-0073-1
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    References listed on IDEAS

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    1. Bhagwati, Jagdish, 2008. "Termites in the Trading System: How Preferential Agreements Undermine Free Trade," OUP Catalogue, Oxford University Press, number 9780195331653.
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    3. Paul A. Samuelson, 2004. "Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 135-146, Summer.
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