"Jagdish Bhagwati has written a thoughtful, scholarly, and authoritative analysis of the current status and future potential of GATT. Attention to his warnings and the adoption of his specific suggestions would go far to check the current movement to mindless protectionism and to assure the success of the Uruguay Round in fostering freer international trade."—Milton Friedman, Hoover Institution "Jagdish Bhagwati, ... Read morefrom the free-trade corner of the ring, takes on the challengers, who advocate "managed trade.' All who follow international finance and trade policy will want to read this free-for-all, no-holds-barred debate. Good fun but deadly serious at the same time."—Paul A. Samuelson, MIT "Thank goodness that Jagdish Bhagwati, a leading authority on the economics of international trade, is raising his voice against the arrogant, misguided, and self-destructive trends in U.S. trade policy."—James Tobin, Yale University Show Less