Free Trade or Protectionism: Issue of Strategic Choice

... 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. Long before Reinert or Stiglitz, mercantilists argued for the need ... ... full package of agreements. The trade facilitation agreement, which may become the first legal instrument adopted since the WTO was established in 1995; a package of agreements restricting export subsidies and agricultural support programmes; agreements ...