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Free Trade: Pause or Fast-Forward?

Author: Sebastian Mallaby, Paul A. Volcker Senior Fellow for International Economics
April 2, 2007


Two months ago an economist named Lawrence Mishel addressed the fraught politics of trade at a House committee hearing. He was not against trade, Mishel began; transactions among consenting adults are seen as a good thing by all respectable economists, and Mishel clearly wanted to be one of them. And yet, while proclaiming his support for trade, Mishel opposed actual trade deals. “We need a new approach to globalization,” he counseled. “A strategic pause. No more trade agreements.”

This article appears in full on CFR.org by permission of its original publisher. It was originally available here.

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