Trade policy Cato advocates that policymakers must be constantly reminded of the benefits of free trade and the costs of protectionism, arguing free trade is the extension of free markets across political borders. It promotes the idea that enlarging markets to integrate more buyers, sellers, investors, and workers enables more refined specialization and economies of scale, which produce more wealth and higher living standards, and argues that Protectionism does the opposite. Cato's policy recommendations focus on congress and the administration pursuing policies that expand the freedom of Americans to participate in the international marketplace.
Trade policy Cato advocates that policymakers must be constantly reminded of the benefits of free trade and the costs of protectionism, arguing free trade !is the extension of free markets across political borders. It promotes the idea that enlarging markets to integrate more buyers, sellers, in:vestors, and workers enables more refined specialization and economies of scale, which produce more wealth and higher living standards and argues that Protectionism does the opposite. Cato's policy recommendations focus on congress and, the adminis:tration pursuing pol:icies that expand the freedom of Americans to participate in the international marketplace.