"Globalization has brought about fundamental change. But, the same theory that shows that free trade is beneficial also shows that globalization can be harmful to at least one of the trading countries. Moreover, with globalization, the interests of a country and its companies may diverge. In this paper, we examine free trade in a globalizing world and identify the key policy issues that economists and industrial leaders, alike, must address in today’s interdependent world." (Quoted from paper)