Is Free Trade Free?

So in the last 40 years, we’ve seen the biggest and most meaningful reduction in global inequality that we’ve seen in the whole economic history of the planet. Can we credit globalization with this change? Philip Booth examines the concepts of globalization and free trade within the current political environment.Recommended Reading from Philip:Douglas Irwin, Free Trade Under Fire, fifth edition, Princeton University Press.Ryan Bourne, Economics in One Virus, chapters 11 and 13, Cato Institute: https://www.cato.org/sites/cato.org/files/sponsor-ebook-page/economics-in-one-virus.pdf.Scott Lincicome and Alfredo Oregon, The (Updated) Case for Free Trade, Cato Policy Analysis: https://www.cato.org/sites/cato.org/files/2022-04/PA-925_2.pdf.“Leading Economists Turn Again Free Trade,” https://prosperousamerica.org/economic-view-leading-economists-turn-against-free-trade-a-flawed-game/.Philip Booth, “The Universal Church and Globalisation,” chapter in Booth and Alves ed. Catholic Social Thought the Market and Public Policy, St. Mary’s University Press. This chapter is available from: https://catholicsocialthought.org.uk/course_unit/the-universal-church-and-globalisation/.Guest InfoPhilip Booth is professor of Catholic Social Thought and Public Policy at St. Mary's University, Twickenham (the U.K.’s largest Catholic university). He was previously Director of Catholic Mission, Dean of Faculty and Director of Research at St. Mary's. Before that, Philip was academic and research director at the Institute of Economic Affairs from 2002 to 2016 and senior academic fellow there from 2016 to 2021. Previously, Philip Booth worked for the Bank of England and as associate dean of the Cass Business School. He has written widely on investment, finance, social insurance, and pensions, as well as on the relationship between Catholic social teaching and economics. His books have included Catholic Social Teaching and the Market Economy and Catholic Social Thought, the Market and Public Policy. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit avemariapm.substack.com