Free Trade or Protectionism: Issue of Strategic Choice

... cannot be absolutely free of government regulation while the economic growth of countries, particularly developing countries, depends both on their access to outside markets and the level of openness of their domestic markets. Of note is the critique of free trade in works by Erik S. Reinert and J. Stiglitz, which extends an ongoing discussion since the beginning of trade policy debates. In the academic literature, views on the advantages of protectionism versus free trade have been in constant flux....