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Mad About Trade: Why Main Street America should Embrace Globalization (Book/ Hardcover)

by Daniel T. Griswold

Product Overview

If you look at where nearly all of the clothes in your closet were manufactured, as Dan Griswold does at the opening of Mad about Trade, the picture is clear. China, Canada, Bangladesh, Vietnam, Peru, Korea, Egypt, India, Mexico, Thailand, and more—a United Nations of pants, shirts, ties, and jackets. In every sense of the word, trade suits us exceedingly well.

Politicians and pundits can rage against free trade and globalization, but much of what they convey is myth. Griswold embraces the global marketplace and shows how free trade is the American family’s best friend. Here are a few of the benefits Griswold takes us through:

• Import competition provides lower prices, greater variety, and better quality, especially for poor and middle- class families.


• Driven in part by trade, most new jobs are well-paying service jobs that form the backbone of today’s middle class.


• Trade barriers erected in the United States are manipulative and harmful, and their “value” is often deliberately misrepresented by those with economic or political axes to grind.


• Foreign investment here has created well-paying jobs, and investment abroad has given United States companies access to millions of new customers.


• Trade has helped expand the global middle class, reducing poverty and child labor while fueling demand for U.S. products.

But, it’s not just about better and cheaper goods. As Griswold compellingly details, over the past three decades trade and an open global economy have created a more prosperous, democratic, and peaceful world.

Before you accept what you hear on cable TV and talk radio, consider the real story of America’s growing integration in the world economy presented in Mad about Trade. This book is a must-read for every American who wonders where we are all headed in this more open world of ours.

About the Author(s)

Daniel Griswold is the former director of the Herbert A. Stiefel Center for Trade Policy Studies at the Cato Institute in Washington, D.C, and the author of the new Cato book, Mad about Trade: Why Main Street America Should Embrace Globalization. Since joining Cato in 1997, Mr. Griswold has authored major studies on globalization, trade, and immigration. He's written articles for major newspapers, appeared on CNBC, C-SPAN, CNN, PBS, and Fox News, and testified before House and Senate committees. Earlier in his career, Mr. Griswold was editorial page editor of a daily newspaper, the Colorado Springs Gazette, and a congressional press secretary. He holds a bachelor's degree in journalism from the University of Wisconsin at Madison and a diploma in economics and a master's degree in the Politics of the World Economy from the London School of Economics.

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