The European Union, by virtue of its size alone, is called on to play a central role in establishing a prosperous and liberal world economy. But, says Martin Wolf, its historic approachan uncomfortable compromise between liberalism and protectionismraises serious doubts about whether it is capable of rising to the challenge. The Maastricht treaty has reinforced Europes protectionist and centralizing tendencies, while the impact of new competitors on the European economy may have also served to foster a "fortress" mentality. Such trends are likely to encourage similar developments elsewhere. Indeed, there is a very great danger that the "naive mercantilists" on both sides of the Atlantic will join hands to dance to the same protectionist tune, thereby putting at risk all that has been achieved by way of trade liberalization over half a century.

Binding: Paperback;72 pages; Publisher: AEI Press; Classification: N/A; Weight: 230.68 g; Dimensions: N/A

Something not quite right? You have 21 days from the day you receive it, to send something back.

Please note, we cannot offer refunds on fashion face masks, cosmetics, pierced jewellery, adult toys, and swimwear or lingerie if the hygiene seal is not in place or has been broken.

Items of footwear and/or clothing must be unworn and unwashed with the original labels attached. Also, footwear must be tried on indoors. Items of homeware including bedlinen, mattresses, and toppers, and pillows must be unused and in their original unopened packaging. This does not affect your statutory rights.

Click here to view our full Returns Policy.