Trade Is Not a Four-Letter Word: How Six Everyday Products Make the Case for Trade
Categories: Business & Money
Trade Is Not a Four-Letter Word: How Six Everyday Products Make the Case for Trade (2020) is a book by Fred P. Hochberg, who chaired the Export-Import Bank from 2009 to 2017. Hochberg explains how international trade works by following six everyday products: the taco salad, the Honda Odyssey, the banana, the iPhone, the college degree and HBO's Game of Thrones. He argues that openness raises living standards and that politics often hides those gains while neglecting workers who lose out.
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- Fareed Zakaria: “My book of the week is Fred Hochberg's "Trade Is Not A Four-Letter Word." Hochberg has managed to do the seemingly impossible, write a breezy, smart, funny book about trade, he weaves in stories with the data, has a refreshingly informal voice and takes the reader on an entertaining ride. The bonus is he's right about the subject as well.”