It offers a comprehensive account of the consequences of trade policy interventions and of the international trade policy co-operation that has developed during the post war years. The global GATT and WTO co-operation is explained and critically evaluated.
The book highlights the effects of regional economic integration in Europe and elsewhere, not only the direct effects in the respective regions, but also the effects on the global trade policy. Also, a number of special trade policy arrangements between rich and poor countries are covered.
The book's concluding sections contain critical discussions of the effects of different trade policy strategies on economic development and of whether free trade is always better than certain forms of protection.