Free Trade, Free World: The Advent Of GATT (The Luther Hartwell Hodges Series On Business, Society, And The State)

Free Trade, Free World: The Advent of GATT (The Luther Hartwell Hodges Series on Business, Society, and the State)

In this era of globalization, it is easy to forget that today's free market values were not always predominant. But as this history of the birth of the General Agreement on Tariffs and Trade (GATT) shows, the principles and practices underlying our current international economy once represented contested ground between U.S. policymakers, Congress, and America's closest allies. Here, Thomas Zeiler shows how the diplomatic and political considerations of the Cold War shaped American trade policy during the critical years from 1940 to 1953.Zeiler traces the debate between proponents of free trade and advocates of protectionism, showing how and why a compromise ultimately triumphed. Placing a liberal trade policy in the service of diplomacy as a means of confronting communism, American officials forged a consensus among politicians of all stripes for freer-if not free-trade that persists to this day. Constructed from inherently contradictory impulses, the system of international trade that evolved under GATT was flexible enough to promote American economic and political interests both at home and abroad, says Zeiler, and it is just such flexibility that has allowed GATT to endure. Review A balanced picture of the politics of an episode that has not received much attention.American Historical ReviewZeiler has written an excellent, timely book on how GATT was created in the 1940s.Foreign AffairsA penetrating, gracefully written history of the political economy of the international community during the dawning of the Cold War.Randall B. Woods, University of ArkansasHis book rests on an impressive foundation of research in U.S. and foreign archives.Alfred E. Eckes Jr., Ohio University From the Inside Flap A history of the birth of GATT, this book traces the debate between proponents of free trade and advocates of protectionism, showing why compromise ultimately triumphed: American officials forged a consensus for freer trade as a means of confronting Communism.