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What’s Wrong with Protectionism?

This short book responds to seven common objections to free trade corresponding to the seven sections of this review. It successfully points out the fallacies underlying those objections by introducing theories of free trade and providing examples and statistics correspondingly. In this review, I will summarize some concepts and conclusions that I find most important and interesting. Since the purpose of this book is to counter misconceptions about protectionism, the book emphasizes conceptual works rather than quantitative studies. It clarifies relevant economic concepts and trade theories in the body of each chapter. In the essays following each chapter, applications of those concepts and theories are collected in the form of case studies or extensions.

Clashing Over Commerce: A History of US Trade Policy

Throughout the U.S. trade history, the degree of protectionism that the United States (US) should adopt has always been at the center of its trade policy and a leading source of its domestic political conflict. Douglas A. Irwin’s book Clashing Over Commerce discusses comprehensively the history of US trade policy from the colonial period to modern days, including recent economic developments under the presidencies from Bill Clinton to Donald Trump.


Trading Stories: Experiences with Gender and Trade

The gap between men and women in social, cultural and economic equality is not inevitable. Bridging this disparity has been a goal of policymakers to reduce overall poverty and improve standard of living. The existing literature has typically overlooked feminist economics, especially the ramifications of trade policies with respect to gender. To address this issue, the Commonwealth Secretariat has been trying to make governments and institutions mindful of the differences in the actual and potential benefits of a policy that are realized by the two genders.


Maritime Governance and South Asia: Trade, Security and Sustainable Development in the Indian Ocean

The rise of China, emergence of India and expansion of other economies in Asia are dramatically changing the Indo-Pacific maritime space. Technological advancements are making our accessibility to resources in, and access to oceans for political, economic and strategic purposes much easier than before. Amidst rising political and other uncertainties and the apparent threats to the ecology of the world’s oceans, there is growing attention among policymakers and researchers towards the management and governance of the oceans. Maritime Governance in South Asia is a timely book.


Contemporary South Korean Economy: Challenges and Prospects

In Contemporary South Korean Economy, Chiang provides a critical analysis of the Republic of Korea’s economic development in the two most recent decades. Chiang highlights that most of the literature on the Republic of Korea’s economy focuses on the country’s substantial economic growth periods between the 1960s and 1980s; yet, there is little literature that discusses Republic of Korea’s post-industrialization period. Examining the recent economic performance of the country is important because policymakers can observe whether the Republic of Korea’s export-oriented policies were sustainable in the long-run. This book aims to investigate the core economic structures of the country and issues after attaining its post-war industrialization. Contemporary South Korean Economy is a necessary addition to literature on the country’s miraculous growth.

Straight Talk on Trade: Ideas for a Sane World Economy

In Straight Talk on Trade, economist Dani Rodrik discusses the danger of hyperglobalization – when the rapid expansion in world trade reaches beyond the boundaries of what the global political economy can sustain. He argues that the imbalance between economic integration and global governance is a root cause of many problems that the world faces today.

Regional Integration in South Asia: Essays in Honour of Dr.M Rahmatullah

The rise of Asia represents a seminal turning point in history. Indeed, the next age of globalization could ultimately belong to Asia, reflected by a significant transfer of economic power. As a consequence of Asia’s rise on the global economic map, it has necessitated greater interconnection within, and with, the outside world. This development of interconnection is taking place between nations as well as across regions and sub-regions in Asia...


The Indian Economy: A Macroeconomic Perspective

This book analyses the Indian economy after the 1991 reforms. It draws a panoramic picture of theIndian economy by familiarizing the reader with macroeconomic concepts in context of India. It is an interesting read for both an amateur and an expert looking forward to reform the Indian economy. The text is divided into eight chapters, covering eight major economic challenges of India. Each chapter is further divided into subtopics which elucidate concepts in depth regarding each issue.


Why Growth Matters

Even as protectionist policies resurface and gain traction around the world, Why Growth Matters by Columbia University economists Jagdish Bhagwati and Arvind Panagariya (also the National Institution for Transforming India Aayog Vice-Chairman), offers a vision of growth driven by engagement with the world market and comprehensive reforms to dismantle India’s corrupt license-permit raj.


China's Super Consumers

A half century ago, the increasing household income drove up the consumption level in the United States, contributing to social development and reshaping the global economic landscape. Now as the fast-growing middle class in China gradually becomes the country’s major source of productivity, a rapidly expanding group of Chinese wealthy consumers are changing the world at a pace unprecedented inhuman history, and in ways almost impossible to foresee even a few years before...