Politics
Vinod K. Aggarwal
History of Free Trade
World-class scholar in international trade and consultant to governments around the world
Lesson Plan
- Lesson Length : 10 Lessons ㆍ 1 hours 40 miutes
- Language : 한국어, English
How trade works and the history of free trade
With a prolonged pandemic, wars, and the US-China trade conflict, free trade has wrought extreme economic polarization and inequality. So, how should we trade in the future? Can free trade enrich our lives again? The world-renowned political scientist Vinod Aggarwal says the answer lies in the history of free trade. In his first lecture, he explains the principles of free trade – the theory of absolute and comparative advantage - and how trade strategies can generate profit. In particular, Aggarwal emphasizes how poor countries with low productivity and limited technology should trade to achieve economic growth, and analyzes challenges in international trade like rising unemployment, income inequality, and decreased resource mobility, resulting from monopolies that emerge as markets change.
The lecture also delves into the environmental and human rights issues that arise from trade, as well as the direction of dual-use item industries. The final lecture, an overview of the history of free trade, discusses the principles and achievements of the GATT, which laid the foundation for free trade in the 20th century, and the future of the WTO. Vinod Aggarwal, a world-renowned authority on international politics and economy, explores the past, present, and future of free trade in this lecture series.
Full Bio
Vinod K. Aggarwal
- - Distinguished Professor and Alann P. Bedford Chair in Political Science
- - Director of the Berkeley APEC Study Center (BASC)
- - Affiliated Professor, Haas School of Business
- - Editor-in-Chief of the journal Business and Politics
With over 40 years’ worth of experience and knowledge in international politics and economics, Aggarwal has served as an advisor to multinational corporations, governments, and international organizations such as the Mexican government, U.S. Department of Commerce, U.S. Department of Defense, U.S. Department of State, World Trade Organization, OECD, G30, FAO (Food and Agriculture Organization), IFAD (International Fund for Agricultural Development), ILO (International Labor Organization), ASEAN, and World Bank.
He has authored or edited 21 books. He has two forthcoming books: Great Power Competition and Middle Power Strategies and the Oxford Handbook on Geoeconomics and Economic Statecraft. He has also published over 160 articles and book chapters.
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