Free trade as ideology: fair trade as goal problems of an ideological approach in U.S. trade policy |
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Authors: | Robert S Spich |
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Institution: | Assistant Professor of International Business at The Graduate School of Management, U.C.LA. |
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Abstract: | Increased protectionist practices among the major industrialized countries present serious challenges to a free trade doctrine. Contradictions between theory and practice make the defense of a pure trade system increasingly untenable. Yet U.S. trade policy continues to be driven by an ideological commitment to such a system. Changing international economic and political conditions suggest that a new “fair trade” paradigm may be in the making. However, replacement of a “free” trade regime by a “fair” one will depend on how well the weaknesses of a free trade ideology can be overcome. These weaknesses are discussed and some suggestions are offered for clarifying policy thinking about free trade under contemporary conditions. |
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