International Trade and Global Stability

7 Pages Posted: 25 May 2005

See all articles by Gerald P. O'Driscoll

Gerald P. O'Driscoll

Cato Institute

Sara F. Cooper

American Institute for Economic Research


Trade liberalisation has played a critical role in advancing peace and prosperity. Differences on agriculture have been the major impediment to a future multilateral trade round. The recent agreement on agriculture at the WTO meetings in Geneva may signal a breakthrough in that sector. This article analyses the benefits of recent trade agreements and examines the prospects for future ones. It also presents an alternative framework for advancing trade, the Global Free Trade Association.

Suggested Citation

O'Driscoll, Gerald P. and Cooper, Sara F., International Trade and Global Stability. Economic Affairs, Vol. 25, No. 2, pp. 37-43, June 2005, Available at SSRN:

Gerald P. O'Driscoll (Contact Author)

Cato Institute

1000 Massachusetts Avenue, N.W.
Washington, DC 20001-5403
United States

Sara F. Cooper

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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