From Publishers Weekly
In 10 well-organized chapters, international trade expert Griswold, director of the Cato Institute's trade policy center, reaches out to low- and middle-class readers to make a persuasive case against U.S. protectionism by illustrating how have-nots are the most likely to benefit from the global marketplace in the form of lower prices, greater variety and better quality of goods. Criticizing everyone from President Obama to CNN's Lou Dobbs for fostering anti-trade sentiment, Griswold presents a "clean view" of "America's changing place in the world economy." Bringing complex issues home, literally, Griswold opens his examination with a survey of his closet, containing items from Australia, Bulgaria, China, Costa Rica, and Vietnam, but little from the U. S. How and why these faraway items wind up here is something few Main Street Americans think about, but Griswold explains the complicated mechanisms of world trade with brisk, easy-to-read prose. Griswold also claims that, despite the loss of American jobs to other countries, most new U.S. jobs (created in part by free trade) are in well-paying service industries that form the backbone of today's middle class. Griswold also presents an eight-point "trade agenda for a free people," but doesn't miss an opportunity to tout his organization's public policy efforts.
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There are few subjects so important and so misunderstood as the value of international trade to the American public. Dan Griswold does a masterful job explaining these issues in this highly readable and enjoyable book. (Frederick W. Smith, Chairman & CEO, FEDEX Corporation)
Mad about Trade explains in plain English how important more open trade has been in growing the American middle class and how devastating it would be were we to reverse course, as some politicians have suggested. It is very tempting for American politicians to blame economic problems on free trade, globalization, or both. Griswold comprehensively and credibly shows how it would hurt the very people that politicians presume to help! (Clayton Yeutter, Former U.S. Trade Representative)
Daniel Griswold's tour de force explores, reasons and documents how import competition benefits the American consumer, seeing him move ahead toward greater peace incentives, lower real prices, more choices, better quality. (William H. Peterson, Washington Times)