uch products off on consumers in other countries under the guise of free-trade policy.
The American rationale for such actions is that the polices they oppose are a form of protectionism that must be defeated at all costs. "The verdict is finally in on the likelihood that protectionism·in any of its forms·can fundamentally derail the process of economic globalization a. The conclusion: a resounding 'No.' Over time, as experience teaches, economic benefits and improved standards of living win out over political and/or cultural opposition and resistance. And with globalization, the benefits are enormous: genuine free trade in manufactured goods would add 5 to 10 percent to a annual economic output. Far more striking, the full diffusion of improved know-how across the service sectors a, together with manufacturing free trade, would boost aggregate output by 25 percent. Moreover, were Europe and Japan to catch up with the United States in real goods and services per employee, it would add roughly
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