Global Economic Trends: The Trading System

Jagdish N. Bhagwati Senior Fellow for International Economics, Council on Foreign Relations; Author, "Termites in the Trading System: How Preferential Agreements Undermine Free Trade"
Ernesto Zedillo Ponce de León Director, Center for the Study of Globalization, Yale University; Former President, United Mexican States

As global financial markets face continuing turmoil and the U.S. presidential election progresses, what are the prospects for free trade? In Jagdish Bhagwati's new book, Termites in the Trading System: How Preferential Agreements Undermine Free Trade, Professor Bhagwati argues that the pursuit of free trade via preferential trade agreements (PTAs) has put the world trading system at risk and undermined the prospects for the multilateral freeing of trade. Please join Professor Bhagwati and President Zedillo for a discussion of global economics, trade, and the consequences of PTAs.

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