Trade and Globalization

Trade and Immigration Reading List

• Mad about Trade: Why Main Street America Should Embrace Globalization by Daniel Griswold (Washington: Cato Institute, 2009)
  How a more open U.S. economy benefits poor and middle-class Americans
• New Frontiers in Free Trade: Globalization’s Future and Asia’s Rising Role by Razeen Sally (Washington: Cato Institute, 2008)
  A panoramic view of the global trading system and how to revive stalled efforts to liberalize trade
• Let Them In: The Case for Open Borders by Jason L. Riley (New York: Gotham Books, 2008)
  A lively defense of the American tradition of welcoming immigrants
• Globalization (Greenwood Guides to Business and Economics) by Donald J. Boudreaux (Westport, Conn.: Greenwood Press, 2008)
  A laymen’s guide to the intellectual and economic arguments for an open and integrated global economy
• A Splendid Exchange: How Trade Shaped the World by William J. Bernstein (New York, Atlantic Monthly Press, 2008)
  A fun and fascinating history of trade and how it has contributed to the progress of mankind
• Freedom from Want: American Liberalism and the Global Economy by Edward Gresser (Brooklyn, N.Y.: Soft Skull Press, 2007)
  An appeal to Democrats and political liberals to support trade as a means to help the poor and promote world peace
• Immigrants: Your Country Needs Them by Philippe Legrain (Princeton, N.J.: Princeton University Press, 2007)
  A global look at how the freedom to migrate promotes human happiness, economic growth, and security
• Reviving the Invisible Hand: The Case for Classical Liberalism in the Twenty-first Century by Deepak Lal (Princeton, N.J.: Princeton University Press, 2006)
  A call to rediscover and reapply the principles that have allowed the West to prosper
• The Choice: A Fable of Free Trade and Protection (3rd Edition) by Russell Roberts (Upper Saddle River, N.J.: Pearson/​Prentice Hall, 2006)
  An illuminating conversation between David Ricardo and an American businessman tempted by protectionism
• The World is Flat: A Brief History of the Twenty-first Century by Thomas Friedman (New York: Farrar, Straus and Giroux, 2005)
  How globalization has resulted in an interconnected, fast-paced world.
• Free Trade Under Fire (2nd ed.) by Douglas Irwin (Princeton, NJ: Princeton University Press, 2005)
  An empirical verification of the positive benefits of free trade.
• Why Globalization Works by Martin Wolf (New Haven: Yale University Press, 2004)
  Uses conventional economic analysis to prove the benefits of free trade and globalization.
• In Defense of Globalization by Jagdish Bhagwati (Oxford: Oxford University Press, 2004)
  An approachable defense of globalization by one of today’s leading free-trade economists.
• In Defense of Global Capitalism by Johan Norberg (Washington, D.C.: Cato Institute, 2003)
  A former left-anarchist debunks the claims of the anti-globalization movement.
• Globalization, Growth, and Poverty: Building an Inclusive World Economy (Washington, D.C.: World Bank, 2002)
  An extensive report on globalization’s impact on growth and poverty.
• “Spreading the Wealth” by David Dollar and Aart Kraay. Foreign Affairs, January/​February 2002.
  Two World Bank economists show that globalization has narrowed the income gap between the world’s rich and poor.

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• Against the Dead Hand: The Uncertain Struggle for Global Capitalism by Brink Lindsey (New York: Wiley and Sons, 2002)
  A comprehensive and historical analysis of globalization by the Cato Institute’s Vice-President for Research.
• The Race to the Top: The Real Story of Globalization by Tomas Larsson (Washington, D.C.: Cato Institute, 2001)
  On the ground reporting of the real effects of globalization.
• The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics by William Easterly (Cambridge, Mass.: MIT Press, 2001)
  Shows that foreign aid, debt forgiveness, and other government attempted remedies to foster growth in poorer nations have failed.
• Trade Liberalization: Fears and Facts by Robert Rogowsky, et al. (Washington, D.C.: Center for Strategic and International Studies, 2001)
  A fact-filled guide to some of the truths and misconceptions concerning trade liberalization.
• The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else by Hernando de Soto (New York: Basic Books, 2000)
  The winner of the 2004 Milton Friedman Prize for Advancing Liberty argues that the failure of property rights and the rule of law has been the major impediment to growth in the developing world.
• Globalphobia: Confronting Fears about Open Trade by Gary Burtless, et al. (Washington, D.C.: Brookings Institution, 1998)
  Offers suggestions on how to fully embrace globalization while minimizing any negative effects that may result.
• Pop Internationalism by Paul Krugman (Cambridge, Mass.: Massachusetts Institute of Technology, 1997)
  A collection of essays that dispel some of the popular myths and fears about free trade.
• Against the Tide: An Intellectual History of Free Trade by Douglas Irwin (Princeton, N.J.: Princeton University Press, 1996)
  Documents the evolution of free trade in intellectual and economic thought.
• “On the Balance of Trade,” “A Petition,” and other essays in Economic Sophisms by Frederic Bastiat.
  Clever, concise, and brilliant refutations of the opponents of free trade by one of histories most underappreciated economic minds.
• An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith.
  The Father of Economics’ revolutionary treatise.