Policymakers must be constantly reminded of the benefits of free trade and the costs of protectionism. Free trade is the extension of free markets across political borders. Enlarging markets to integrate more buyers, sellers, investors, and workers enables more refined specialization and economies of scales, which produce more wealth and higher living standards. Protectionism does just the opposite. Congress and the administration should pursue policies that expand the freedom of Americans to participate in the international marketplace.
Trade Policy
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Retiring Sen. Dorgan Was Mad about Trade
New Study Seconds Cato Finding: Immigration Reform Good for Economy
Los Angeles Crime Rate Declines Again Despite Complaints about Immigrants
Global Markets Keep U.S. Economy Afloat
Mainstream Media’s Trade Gap
The Start of Interstate Carbon Tariffs?
Why Populists Are Wrong about Impact of Free Trade
Americans Reaping Benefits of U.S. Membership in WTO
Trade Not to Blame for a ‘Lost Decade’
Daniel J. Ikenson discusses Chinese steel imports on PBS’s Nightly Business Report
Daniel Griswold discusses America’s brand on CNBC’s Street Signs
Obama’s First Trade Move: No Big Deal
Made on Earth: How Global Economic Integration Renders Trade Policy Obsolete