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Analysis of The Choice by the Russell Roberts - Essay Example

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This essay discusses some of the most important and critical ideas on the international trade and free markets- The Choice by the Russell Roberts. The writer attempts to make a case for free trade by creating a fictional story wherein David Ricardo narrates the story to a television manufacturer…
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Analysis of The Choice by the Russell Roberts
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Analysis of The Choice by the Russell Roberts
The Choice by the Russell Roberts is one of the fictional writings outlining some of the most important and critical ideas on the international trade and free markets. Though this book is characterized as the fiction however, it is actually not a work of fiction and outline two most important ideas i.e. protectionism and free trade. Writer attempts to make a case for free trade by creating a fictional story wherein David Ricardo narrates the story to a television manufacturer. What is however, critical to note that this book is a scathing criticism on the protectionism also and advocates the spread of free trade in the world?
Writer convincingly put forward important arguments in favor of free trade and how it can actually increase the economic prosperity. What is however, also critical to note that the author has practically failed to realize as to how protectionism can actually provide necessary benefits to an economy. The example of China is one of the critical examples of how the selective protectionism can play instrumental role in the development of the country and writer has probably failed to envisage a future where different variations of the protectionism can actually increase economic freedom and contribute towards the growth. As such the advocacy of the free trade by the author is actually an advocacy of the American dream and not a more practical presentation of economic theory and logic and how protectionism can too contribute towards the development of a nation regardless of the fact whether the country is actively involved in free trade or not. Read More
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