The Trade Gap: The Fallacy of Anti World Trade Sentiment

27 Pages Posted: 8 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Emile Dreuil

affiliation not provided to SSRN

James Anderson

affiliation not provided to SSRN

Michael Saliba

affiliation not provided to SSRN

Date Written: 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.

Suggested Citation

Block, Walter E. and Dreuil, Emile and Anderson, James and Saliba, Michael, The Trade Gap: The Fallacy of Anti World Trade Sentiment (2003). Journal of Business Ethics, Vol. 45, No. 3, p. 269, 2003. Available at SSRN: https://ssrn.com/abstract=1881050

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

Emile Dreuil

affiliation not provided to SSRN ( email )

James Anderson

affiliation not provided to SSRN

Michael Saliba

affiliation not provided to SSRN ( email )

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