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The Trade Gap: The Fallacy of Anti World Trade SentimentWalter E. BlockLoyola University New Orleans - Joseph A. Butt, S.J. College of Business Emile Dreuilaffiliation not provided to SSRN James Andersonaffiliation not provided to SSRN Michael Salibaaffiliation not provided to SSRN 2003 Journal of Business Ethics, Vol. 45, No. 3, p. 269, 2003 Abstract: Though the scope of globalization is very broad and somewhat ambiguous, this paper will center on the globalization of free trade and how and why there is opposition to it. In section II we offer some definitions that will be of help in analyzing this new movement. Section III is devoted to a discussion of tariffs, section IV to infant industries, section V to the claim that trade restrictions are not innovative, VI to “fair” trade, VII to the role of government, VIII to income disparity, and IX to mercantilism. In section X we conclude by considering several objections to our thesis: 1. Ralph Nader and the WTO; 2. unfair cheap foreign labor; 3. the claim that trade restrictions create wealth.
Number of Pages in PDF File: 27 Accepted Paper SeriesDate posted: July 8, 2011Suggested CitationContact Information
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