ABSTRACT
THE economic significance of our recent foreign policy has notreceived the close attention it deserves. Posing a8 champions of 'c open markets," we appear to be maintaining tht' principles and practice of Free'rrade. It is true that the very Government which engages in this Free Trade craaade has, during its three years of office, regulated its dOPlestic policy by • series of financial and legislative acts of u protection JJ directed to secure the interests of special social and commercial classes. These petty domestio infidelities might well awako suspicion of the foreign policy of a party which has never ,velcomed Free Trade principles'in head or heart. Never~hele88, we find the majority both of leaders and followers in the Liberal party endorsing and sopportiog, apparently withoat qualm or hesitancy, a working scheme of foreign polioy whioh is in effect nothing else than a direct repudiation both of the logic and the utility of FreE· Trade.
