The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
agreement area effect
Robert Mundell
These are some quotes by Canadian author Robert Mundell Economist, who was born on October 24, 1932.
Quotes by Robert Mundell
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Engineers in the developed world should be arguing not for protectionism but for trade agreements that seek to establish rules that result in a real rise in living standards. This will ensure that outsourcing is a positive force in the developing nation's economy and not an exploitative one.
