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Article: Game, Set, and Match for Mr. Ricardo? The Surprising Comeback of Protectionism in the Era of Globalizing Free Trade.
- Article from:
- Journal of Economic Issues
- Article date:
- September 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Association for Evolutionary Economics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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One of the central aspects of economic globalization is increasing free trade. Since Adam Smith [1776] and David Ricardo [1817] armed advocates of free trade with the theorem of comparative advantage, they have been "winning every battle in the textbooks" [Pen 1967, 104]. Today, opponents of protectionist policies and proponents of globalized free trade are claiming victory [IMF 1997; Irwin 1996; Krueger 1997]. However, public anxiety about globalization and free trade is rising [Rodrik 1997]. In an increasing number of grassroot movements and Non-Governmental Organizations [NGOs], proposals for new forms of protectionism against the social and ecological consequences of ...