A General Theory of Trade and Competition: Trade Liberalisation and Competitive Markets

    February 2007
    Shanker A. Singham’s recently published book, A General Theory of Trade and Competition: Trade Liberalisation and Competitive Markets, describes the links between trade and competition. Mr. Singham, a partner in our Washington DC and Miami offices, demonstrates the powerful interface between trade and competition and how understanding this interface helps governments, corporations, lawyers and economists succeed in trade negotiations and strengthen support for increasingly controversial free trade principles. By noting that consumer welfare is enhanced where trade liberalization is accompanied by competitive markets and property rights protection, Mr. Singham articulates an overall vision in which future policymakers can frame a different kind of trade debate.