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Joseph E. Stiglitz and Andrew Charlton, Fair Trade For All: How Trade Can Promote Development

Joseph E. Stiglitz and Andrew Charlton, Fair Trade For All: How Trade Can Promote Development Book Reviews Joseph E. Stiglitz and Andrew Charlton. 2005. Fair Trade For All: How Trade Can Promote Development. Oxford: Oxford University Press, pp. 315, Hb, £16. The foundational assumption of this book is that farmers and traders in developing countries who are given freer access to international markets benefit materially. However the authors also recognise that none of the developed industrial nations achieved their present state of material advancement by granting unfettered access to their markets to foreign producers. Indeed quite the opposite is the case. Britain defended its relatively unsophisticated domestic textile producers from the much higher quality textiles from India in the nineteenth century by imposing tariffs on Indian produced cotton not only in the British market but also in India. In this book Stiglitz and Charlton argue that the present regime of tariffs and agricultural subsidies, dominated as it is still by the interests of the former colonial powers, needs to change. Through micro and macro economic analysis they argue the case that liberalisation of world trade, and the removal of the existing and inbuilt biases towards the developed world, will ultimately be beneficial both to developed and developing countries. However they also recognise that http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Studies in World Christianity Edinburgh University Press

Joseph E. Stiglitz and Andrew Charlton, Fair Trade For All: How Trade Can Promote Development

Studies in World Christianity , Volume 12 (3): 282 – Dec 1, 2006

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Publisher
Edinburgh University Press
Copyright
© Edinburgh University Press
Subject
Book Reviews
ISSN
1354-9901
eISSN
1750-0230
DOI
10.3366/swc.2006.0025
Publisher site
See Article on Publisher Site

Abstract

Book Reviews Joseph E. Stiglitz and Andrew Charlton. 2005. Fair Trade For All: How Trade Can Promote Development. Oxford: Oxford University Press, pp. 315, Hb, £16. The foundational assumption of this book is that farmers and traders in developing countries who are given freer access to international markets benefit materially. However the authors also recognise that none of the developed industrial nations achieved their present state of material advancement by granting unfettered access to their markets to foreign producers. Indeed quite the opposite is the case. Britain defended its relatively unsophisticated domestic textile producers from the much higher quality textiles from India in the nineteenth century by imposing tariffs on Indian produced cotton not only in the British market but also in India. In this book Stiglitz and Charlton argue that the present regime of tariffs and agricultural subsidies, dominated as it is still by the interests of the former colonial powers, needs to change. Through micro and macro economic analysis they argue the case that liberalisation of world trade, and the removal of the existing and inbuilt biases towards the developed world, will ultimately be beneficial both to developed and developing countries. However they also recognise that

Journal

Studies in World ChristianityEdinburgh University Press

Published: Dec 1, 2006

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