"Controversies in Macroeconomics: Growth, Trade and Policy" presents debates from the world's leading researchers on some of the most important questions in economics today. Do growth rates converge? Does trade liberalization foster economic growth? Do trade agreements help or hinder growth? Does financial liberalization stimulate economic development? Does economic growth make us happier? Is the welfare state bad for growth? Accessible in the general economics reader, this book is ideal for advanced undergraduates and graduates in intermediate macroeconomics, macroeconomics theory, development economics, growth theory and trade theory. Each Controversy is introduced by a well-known economist, who links together the ensuing arguments and outlines the main ideas developed. Issues are discussed within the context of policy as well as of theoretical and empirical work.