Transnational Corporations and the Doctrine of Comparative Advantage: A Critique of Free Trade Normative Assumptions

Examines the free trade doctrine and considers the arguments which challenge the intellectual validity of free trade by examining its normative assumptions. Examines the major economic arguments against free trade and the market distortion argument put forward by Jagdish Bhagwati. Argues that free trade theory has overlooked the impact of events that have taken place after its formulation and which have affected its major assumptions, in particular, the ascendancy of transnational corporations and the influesnce they export on political and economic processes.