Abstract
Richard Baldwin of Graduate Institute, Geneva, and CEPR reviews “Termites in the Trading System: How Preferential Agreements Undermine Free Trade” by Jagdish Bhagwati,. The EconLit Abstract of the reviewed work begins “Examines how the rapid spread of preferential trade agreements may endanger the world trading system. Discusses proliferating preferential trade agreements; why the pandemic has broken out; whether preferential trade agreements are a pox on the world trading system; and what we should do now. Bhagwati is University Professor of Economics and Law at Columbia University and Senior Fellow in International Economics at the Council on Foreign Relations. Glossary; select bibliography; index.”
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