Main description: Jagdish Bhagwati, one of the world's leading economists, offers a fascinating overview of the perils and promise facing the world trading system. That system is now being subjected to powerful centrifugal forces. Concerns with unfair trade are rampant, managed trade is...

Lecture 1. Confronting conventional threats to free trade: the postwar revolution in the theory of commercial policy -- Lecture 2. "Fair trade," income distribution, and social agendas: using trade theory to meet new challenges -- Lecture 3. Getting to free trade: alternative approaches and...