Global Issues

Myth, Reality and Alternatives

By: Graham Dunkley

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Paperback | 1 February 2004 | Edition Number 1

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254 Pages

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19.68 x 12.7 x 1.91

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In this book Australian economist, Graham Dunkley, explains and critiques the crucial concept of free trade. A policy of free trade is central to today's world-dominating globalization project. The more euphoric globalists uncritically assume that it has universal and unequivocal benefits for all people and countries. And the perpetual negotiations of the World Trade Organization are wholly based on this presumption.

Graham Dunkley shows, however, that leading economists have always been more sceptical about free trade doctrine than the dogmatic globalizers realize. There are more holes in free trade theory than its advocates grasp. And the benefits of free trade in practice are more limited and contingent than they acknowledge.

He also argues that the World Bank's long-time push for export-led development is misguided. A more democratic world trading order is necessary and possible. And more interventionist, self-reliant trade policies are feasible, especially if a more holistic view of economic development goals is adopted.

Industry Reviews

This thought-provoking book is a valuable contribution to one of the greatest debates of our time, namely, trade and development. Some of its theses may be highly debatable, but all of them demand close attention. * Ha-Joon Chang *
An incisive and informative analysis of why free trade derails development, this book serves as an indispensable road map for those seeking to hack their way out of the neoliberal thicket. * Walden Bello *

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