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The Free-Trade Paradox
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The Free-Trade Paradox

The Bad Politics of a Good Idea

Alan S. Blinder
Foreign Affairs, 2018
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Editorial Rating

9

Qualities

  • Eloquent
  • Hot Topic
  • Engaging

Recommendation

The United States today is less attuned to the benefits of global trade than it once was, says economist Alan S. Blinder in this eloquent essay that makes a strong case for free trade. He points to the Trump administration’s protectionist moves, which have already agitated financial markets and could further ripple through the US economy. In arguing on the side of free trade, he takes the long view and provides crucial historical perspective. This topical piece is likely to interest trade experts, economists and executives engaged in international business.

Take-Aways

  • The age-old idea of “comparative advantage” contends that each nation engaged in open trade gains in some important way. 
  • In the 20th century, the United States was a strong trade proponent, but its trade policy has always leaned toward protectionism.
  • Americans remain ambivalent about the value of free trade, and many believe that globalization has hurt more than helped the United States. 

About the Author

Alan S. Blinder is a professor of economics and public affairs at Princeton University.

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