Global Free Trade: A Vision for the Early Twenty-First Century

Global Free Trade: A Vision for the Early Twenty-First Century

- Speaker: C. Fred Bergsten, Director, Institute for International Economics

- Date: September 17, 1996

"In seeking reciprocal liberalization, countries could turn either to their respective geographic region or to the global trading system as a whole. The global approach is fundamentally superior because it maximizes the number of foreign markets involved and avoids the economic distortion and political risks of discrimination among trading partners...”