The book progresses by first introducing the fundamental principles of international trade and the institutions governing it. It then analyzes specific trade agreements, examining case studies from various regions. Subsequent sections delve into the distributional effects of trade, focusing on impacts to different industries, skill groups, and geographic areas.
The book concludes with policy recommendations aimed at maximizing the benefits of trade while mitigating potential drawbacks, emphasizing the role of domestic policies. This book uniquely bridges economics and politics, exploring political considerations in trade agreement negotiations and implementation. It also connects with environmental studies by examining the environmental impacts of increased trade flows. It argues that international trade agreements can generate significant economic benefits but require careful design, effective implementation, and complementary domestic policies to address negative consequences and foster inclusive growth.
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