The Trade Gap : The Fallacy of Anti World Trade Sentiment

Though the scope of globalization is very broad and somewhat ambiguous, this paper will center on the globalization of free trade and how and why there is opposition to it. In section II we offer some definitions that will be of help in analyzing this new movement. Section III is devoted to a discussion of tariffs, section IV to infant industries, section V to the claim that trade restrictions are not innovative, VI to “fair” trade, VII to the role of government, VIII to income disparity, and IX to mercantilism. In section X we conclude by considering several objections to our thesis: 1. Ralph Nader and the WTO; 2. unfair cheap foreign labor; 3. the claim that trade restrictions create wealth