Protectionism and World Welfare

• 1. Protectionism and world welfare: introduction Dominick Salvatore; Part I. The New Protectionism: An Overview: 2. Fair trade, reciprocity and harmonization: the novel challenge to the theory and policy of free trade Jagdish N. Bhagwati; 3. The revival of protectionism in developed countries W. Max Corden; 4. Changes in the global trading system: a response to shifts in national economic power Robert E. Baldwin; 5. 'Fortress Europe' and retaliatory economic warfare Lawrence R. Klein and Pingfan Hong; Part II. Trade Theory, Industrial Policies and Protectionism: 6. The changing structure of US trade William H. Branson; 7. US response to foreign industrial policies Richard N. Cooper; 8. The current case for industrial policy Paul R. Krugman; 9. The case for bilateralism Rudiger W. Dornbusch; Part III. Exchange Rates and Protectionsim: 10. Floating exchange rates and the new interblock protectionism: tariffs versus quotas Ronald I. McKinnon and K. C. Fung; 11. The theory of tariffs and monetary policies Robert Mundell; 12. Restrictions to foreign investment: a new form of protectionism Vito Tanzi and Isaias Coelho; 13. The economics of content protection Michael Mussa; 14. The relationship between exchange variability and protection George S. Tavlas, Joseph Ascheim, and Michael Ulan; Part IV. The New Protectionism in the World Economy: 15. Trade protectionism and welfare in the United States Dominick Salvatore; 16. Protectionism and growth of Japanese competitiveness Ryuzo Sato, Rama Ramachandran, and Shunichi Tsutsui; 17. Commercial policies and protectionism in the European Community Norman Scott; 18. Protectionism and the developing countries G. K. Helleiner; 19. Trade liberalization: the New Eastern Europe in the global economy Jozef M. van Brabant.

"The volume's interest lies not so much in any overall assessment of the effect of protectionism on well-being as in the stimulating arguments about the merits of particular trade-inhibiting strategies." Patrick Clawson, Orbis