Tariffs and the Future of Trade

by Eamon Doyle (Editor)

Overview

With the introduction of significant tariffs on Chinese goods in 2018 and the resultant talk of a trade war between the United States and China, critical analysis has renewed itself on the usefulness of tariffs. Your readers will analyze whether tariffs are an effective means of political influence. They'll survey what effect tariffs will have on the domestic and global economy, and how tariffs will ultimately impact the future of trade. This volume offers opposing perspectives on tariffs and trade wars, further providing context on historical tariffs and global trade.

Product Details

ISBN-13:	9781534505452
Publisher:	Greenhaven Publishing LLC
Publication date:	07/30/2019
Series:	Current Controversies Series
Pages:	200
Product dimensions:	6.10(w) x 9.10(h) x 0.70(d)
Age Range:	14 - 17 Years

Table of Contents

Foreword 11

Introduction 14

Chapter 1 Are Tariffs and Other Protectionist Policies Worth the Risk?

Overview: What Are Tariffs, What Is a Trade War, and Why Are They Important? Michael Johnson 19

Yes: Aggressive Trade Policies Are a Way to Exert International Influence Without Violence

It May Not Be the Answer Today, but Protectionism Has Worked in the Past Zhang Jun 25

Protectionism and Economic Theory Alexander Tziamalis 29

International Strategy and the Viability of Tariffs Evan Horowitz 34

No: Tariffs Cause Harm to Businesses and Increase Financial Volatility

The Potential Hazards of a Trade War Between the United States and China Linda Yueh 39

There Is No Upside to Engaging in a Trade War Robert Higgs 42

The Cost of a Large-Scale Trade War for the Global Economy Manoj Joshi 46

To Understand the Benefits of Free Trade, Consider US History Jason Margolis 50

Chapter 2 Does Free Trade Benefit Investors at the Expense of Workers?

Overview: A History of Economic Theory on Trade Policy William Krist 55

Yes: Most of the Benefits of Free Trade Are for Business Owners and Consumers

The Impact of Globalization on Labor Markets and Income Distribution Uri Dadush William Shaw 66

Why International Cooperation on Labor Standards Is Important: International Labour Organization 72

Globalization and the Distribution of Its Benefits Xavier Devictor 77

No: Free Trade Promotes Economic Growth and Development in All Areas, Including Labor Markets

Everyone Benefits from a Global Free Trade Environment Denise Froning 80

Evidence Shows that International Trade Agreements Benefit the US Labor Market Brandon Scudder 88

Workers Are Also Consumers, and Protectionism Drives Up Costs for All Consumers Zornitsa Kutlina-Dimitrova Csilla Lakatos 92

The Benefits of Free Trade Far Outweigh the Costs, Including for Workers Ana Revenga Anabel Gonzales 98

Chapter 3 Does Global Trade Reduce Benefits of a Local Cultural and Economic System?

Overview: What Is Globalization and What Are Its Effects? Lumen Learning 103

Yes: Globalization Has Increased Volatility and Does Not Serve the Common Good

Globalization and Islam Mohd Abbas Abdul Razak 110

The Impact of Globalization on Cultural Diversity and Heritage: UNESCO Publications 124

Financial Globalization Can Lead to Increased Volatility Jonathan D. Ostry 135

Globalization's Negative Impacts on Mental Health Among People from Non-Western Cultures Narayan Gopalkrishnan 139

No: The Global Economy Is a Source of Peace, Prosperity, and Innovation

Trade Policy and the Economic Health of the United States: The World Trade Organization 153

Critics Often Exaggerate the Scale and Depth of Globalization Pankaj Ghemawat 160

Critics of Global Capitalism and Free Trade Are Missing the Bigger Picture Michael Matheson Miller 165

Protectionism Harms Consumers and Workers: The World Bank Group 174

Organizations to Contact 190

Bibliography 193

Index 197