Free Trade under Contractual Development Area (FTCDA) - A First Examination of a Third Way Facing the Dilemma: Free-Trade vs Protectionist Policy

Abstract

Trade under Contractual Development Area (FTCDA) to give up the dilemma Free-Trade vs Protectionist Policy which are second and third best (resp.). In such an area national economies would respect the current existing rules of the W.T.O. which would add the rule that each national economy would use a part (specified in advance) of the created wealth to develop infrastructures and social protection Some new investigations are obviously necessary to check whether such a configuration is optimal