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Free Trade vs. Protection, and Preferential Trade Cooperation

In: International Trade Theory and Policy

Author

Listed:
  • Giancarlo Gandolfo

    (Accademia Nazionale dei Lincei Classe di Scienze Morali)

Abstract

This chapter explicitly examines the main arguments in favour of protectionism and the rebuttal of them by the advocates of free trade; here the theory of second best will throw new light on this age-old debate. We shall then go on to examine preferential trade cooperation among countries. This cooperation has the purpose of reducing or eliminating protection among the participating countries, and may take various forms, but in any case the main question is whether these countries are better off.

Suggested Citation

  • Giancarlo Gandolfo, 2014. "Free Trade vs. Protection, and Preferential Trade Cooperation," Springer Texts in Business and Economics, in: International Trade Theory and Policy, edition 2, chapter 0, pages 253-275, Springer.
    • Handle: RePEc:spr:sptchp:978-3-642-37314-5_11
    DOI: 10.1007/978-3-642-37314-5_11
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    Cited by:

    1. Marcin Pigłowski, 2021. "The Intra-European Union Food Trade with the Relation to the Notifications in the Rapid Alert System for Food and Feed," IJERPH, MDPI, vol. 18(4), pages 1-19, February.

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