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In his new book, Termites in the Trading System: How Preferential Agreements Undermine Free Trade, CFR Senior Fellow for International Economics Jagdish Bhagwati argues that so-called free trade

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Jagdish Bhagwati, the internationally renowned economist who uniquely combines a reputation as the leading scholar of international trade with a substantial presence in public policy on the important issues of the day, shines here a critical light on Preferential Trade Agreements, revealing how the rapid spread of PTAs endangers the world trading system.

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Termites in the Trading System: How Preferential Agreements Undermine Free Trade by Jagdish Bhagwati Oxford University Press, Oxford, 2008 - Volume 8 Issue 3 - Christopher M. Dent. Skip to main content. We use cookies to distinguish you from other users and to provide you with a …

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In "Termites in the Trading System," Mr. Bhagwati argues that not all trade deserves our equal support, however, and mounts a brisk and spirited attack on preferential, so-called "free trade" agreements that are, in his view, leading the world trading system astray.

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