Description:Many of the world's most distinguished economists examine the recent deterioration in the liberal multilateral trading system, the movement toward protectionism, bilateralism and regionalism, and its causes, effects, and possible solutions. The contributors are at the forefront of trade theory, policy and practice, and by collecting together these analyses in a single volume, this book provides a unique survey for students and scholars of economics, and all those concerned with trade theory and policy in business and government.