The Trade Trap: How to Stop Doing Business with Dictators (Hardcover) (ISBN-13: 9781668016251)

Global business leader Mathias Dfner offers a "compelling" (Gideon Rachman, chief foreign affairs columnist for Financial Times) and revolutionary road map to reshape global trade, strengthen our democracy, and safeguard our freedoms.

Freedom is on the decline around the world. Autocrats in Europe, Asia, and the Middle East are undermining our open societies, human rights, and the rule of law. The Russian invasion of Ukraine was a wake-up call for the West, but the biggest threat remains China. For two generations, Americans and Europeans have believed that change will come through trade, but instead of dictatorships becoming more like Western democracies, unfettered free trade has strengthened our enemies and undermined our countries. We are caught in a trade trap, faced with the decision to choose either opportunism and submission or opposition and emancipation.

In The Trade Trap, one of the world's most powerful business leaders traces the rise and costs of Western dependency on China and Russia. And he suggests a radical new approach to free trade: The establishment of a new values-based alliance of democracies. Membership is based on the adherence to three very simple criteria: the rule of law, human rights, and sustainability targets. Countries that comply with these criteria can engage in tariff-free trade with others. Those who don't will pay prohibitive tariffs.

Sharing the author's encounters with major global figures including Vladimir Putin, Recep Tayyip Erdogan, George W. Bush, Angela Merkel, Jack Ma, and more, The Trade Trap offers personal insight into the dangerous consequences of doing business with autocrats along with a bold proposal for a values-based trade policy.

Author: Mathias Dfner
ISBN-10: 1668016257
ISBN-13: 9781668016251
Publisher: Simon & Schuster
Language: English
Published: 09/19/2023
Pages: 208
Format: Hardcover
Weight: 0.65lbs
Size: 8.80h x 5.90w x 0.90d

Review Citation(s):
Kirkus Reviews 07/01/2023
Publishers Weekly 07/17/2023
Booklist 09/08/2023