Globalization, say its critics, produces harmful effects that warrant a body of well-coordinated international regulations. The theoretical and practical arguments in favor of free trade have long been articulated, but how strong are the arguments for world regulation of trade liberalization?

Pascal Salin is Professor of Economics at the Université Paris-Dauphine and Advisory Board Member of the Independent Institute in Oakland, California.
Defense and Foreign PolicyInternational Economics and DevelopmentTrade