Read the Roosevelt Institute report how to fix America
Protectionism can make a country better off.
There may be winners and losers within a country, with an example of the latter being workers who become unemployed as production moves to other countries and falling wages
Click for PDF.
Nobel Prize winning economist Joseph Stiglitz
Nobel Laureate Paul Krugman
Free trade theory is now in more doubt than in any time since Ricardo…there can be adverse side effect. Free trade theory has proved unable to explain trends such as trade imbalances
We need to have at least a 25 per cent "surcharge" or "import tariff" on all imported goods
Nobel laureate Maurice Allais
Criticized free trade and advocates for protectionism both within the EU and globally because of a very high social costs.
Nobel laureate Paul Saumuelson -
It is time to rethink "free trade"
Nobel Economics Laureate Robert Mundell
One of the chief architects of Reaganomics, Mundell now raises a large question mark over the continued viability of free trade. “The United States can’t keep a completely open system,” he said. “The United States may have to take a leaf out of the book of Japan, China, and Germany, and have protectionism inside the system.”
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We are all inches from the ground
Inches from the ground