Abstract

In this book Australian economist, Graham Dunkley, explains and critiques the crucial concept of free trade. A policy of free trade is central to today's world-dominating globalization project. The more euphoric globalists uncritically assume that it has universal and unequivocal benefits for all people and countries. And the perpetual negotiations of the World Trade Organization are wholly based on this presumption. Graham Dunkley shows, however, that leading economists have always been more sceptical about free trade doctrine than the dogmatic globalizers realize. There are more holes in free trade theory than its advocates grasp. And the benefits of free trade in practice are more limited and contingent than they acknowledge. He also argues that the World Bank's long-time push for export-led development is misguided. A more democratic world trading order is necessary and possible. And more interventionist, self-reliant trade policies are feasible, especially if a more holistic view of economic development goals is adopted.
Dr Graham Dunkley is an economist at the Victoria University of Technology, Melbourne, Australia. He has been a Visiting Fellow at the University of Warwick in the UK. His wide-ranging interests and activities include policy development work with various environmental organisations and also, over many years, with the Australian Labor Party as well as trade unions and the Labour Resource Centre. He has travelled extensively in Europe and Asia, has had experience in project work with Community Aid (Oxfam Australia), and writes for the Australian media.
'An incisive and informative analysis of why free trade derails development, this book serves as an indispensable road map for those seeking to hack their way out of the neoliberal thicket.' Walden Bello 'This thought-provoking book is a valuable contribution to one of the greatest debates of our time, namely, trade and development. Some of its theses may be highly debatable, but all of them demand close attention.' Ha-Joon Chang