The Benefits of Free Trade: Addressing Key Myths

Trade and Immigration | Policy Briefs | May 23, 2018

GMU Working Paper in Economics

5 Pages Posted: 5 Dec 2019

See all articles by Donald J. Boudreaux

Donald J. Boudreaux

George Mason University - Department of Economics; George Mason University - Mercatus Center

Nita Ghei

Mercatus Center at George Mason University

Date Written: January 23, 2017

Abstract

Restrictions on foreign trade all too often harm the very people they aim to protect: American consumers and producers. Trade restrictions limit the choices of what Americans can buy; they also drive up the prices of everything from clothing and groceries to the materials manufacturers use to make everyday products. Moreover, lower-income Americans generally bear a disproportionate share of these costs. Trade treaties increase freedom to trade and do not result in loss of sovereignty; they are part and parcel of wider international relations and they are not new.

Keywords: International trade, exports, imports, tariffs, protectionism

JEL Classification: F10, F13, F19

Suggested Citation

Boudreaux, Donald J. and Ghei, Nita, The Benefits of Free Trade: Addressing Key Myths (January 23, 2017). Trade and Immigration | Policy Briefs | May 23, 2018, GMU Working Paper in Economics, Available at SSRN: https://ssrn.com/abstract=3489938 or http://dx.doi.org/10.2139/ssrn.3489938

Donald J. Boudreaux

George Mason University - Department of Economics

4400 University Drive
Fairfax, VA 22030
United States

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George Mason University - Mercatus Center

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Arlington, VA 22201
United States

Nita Ghei (Contact Author)

Mercatus Center at George Mason University ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

HOME PAGE: http://www.mercatus.org

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