International trade and the rapidly proliferating network of trade agreements have aroused passions for decades. While some blame trade agreements for exporting jobs, sowing poverty, furthering illegal migration, and robbing national sovereignty, others praise them as lynchpins of growth, pillars of peace, guarantors of security, and engines of globalization. Still others view them as useful instruments for fostering global trade and investment. This book examines whether tradeagreements merit the blame levelled against them or the hopes pinned on them. It employs extensive new historical data
Drawing on a number of unique new datasets, the authors seek to explore, in historical context, the relationship between trade agreements and the flow of global trade, and to identify how governments and countries might unilaterally and collectively leverage trade agreements to increase trade and prosperity.
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