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From Here to Free Trade in Manufactures: Why and How
From Here to Free Trade in Manufactures Why and How Author:Ernest H. Preeg From Here to Free Trade in Manufactures: Why and How provides a detailed analysis and strong endorsement of a multilateral free trade agreement for the manufacturing sector as a centerpiece of the World Trade Organization (WTO) Doha negotiations, along the lines proposed by the United States. The author's conclusion is that such an agreement is... more » economically feasible if major participants muster the political will to promote it. The agreement would consolidate the proliferating network of bilateral and regional free trade agreements within a multilateral framework and reap an estimated $2 trillion per year increase in global GDP. These unprecedented gains from trade derive from the manufacturing sector as the "engine for growth" for the U.S. and global economies. This engine is driven by a broadly based surge in applied new technologies and the rapid growth in manufactures trade and related foreign direct investment with embedded new technologies.« less