In This Review

Protectionism
Protectionism
By Jagdish N. Bhagwati
MIT Press, 1988, 147 pp.

This trenchant restatement of the case for reducing trade barriers is subtler and more authoritative than most. It takes account of the latest developments in economic analysis and theory as well as the surge of protectionism that has taken place during the 1980s. Professor Bhagwati of Columbia finds a number of factors-structural and ideological-that make him more optimistic about the future than are many other people. Except for a few passages, this very clear and well-argued book-based on the first series of Ohlin lectures in Sweden-can be read with great profit by laymen, and should be.