How Nations Grow Rich
The Case for Free Trade
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Thus what the "fair trade" protectionist argument really comes down to is the nonsensical proposition that because foreign countries damage their consumers by foolish protectionist measures, equity demands the United States follow suit. This wide-ranging and stimulating book clarifies such important and often inaccessible issues as development policy, foreign aid, trade sanctions, child labor, human rights trade linkages, immigration, European Monetary Union and affirmative action trade policies. How Nations Grow Rich is must reading for anyone concerned with public policy and international economics.
In How Nations Grow Rich, Krauss argues there is no inherent reason why the growth of the welfare state in the Western industrial countries should conflict with free trade-that is, there is no inherent reason for the welfare state to be protectionist.
