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The author of The Great Depression of 1990, number one on The New York Times bestseller list for 26 weeks, now "challenges the gospel of free trade". Dr. Batra traces the roots of America's economic crisis to our increasing dependence on trade and presents a bold new prescription for economic recovery.
This book investigates the correlation between the adoption of free trade policies and the decline of the American middle class. Dr. Ravi Batra, a professor of economics, utilizes historical trade data and macroeconomic indicators to argue that the abandonment of protectionist measures has eroded domestic wages and industrial stability. He proposes a shift in national economic strategy to prioritize domestic manufacturing and labor security over globalized market integration.
What You Will Find
Scope Limits
Critics and economists often note that the text presents a provocative counter-narrative to mainstream trade theory, though it remains a subject of intense debate among academic circles. Readers frequently highlight the accessible nature of the prose, which translates complex economic arguments into a format suitable for a general audience.
Page Count:
274
Publication Date:
1994-01-01
Publisher:
Collier Books
ISBN-10:
0020165552
ISBN-13:
9780020165552
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