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Author: J. David Richardson
Publisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 80
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Book Description
This paper is an assessment of three tilts in U.S. trade policy during the 1980s: minilateralism, managed trade, and Congressional activism. It describes their economic and political causes, and whether or not alternative policy directions might have been possible. Taking as given the unfavorable macroeconomic environment for trade policy, a few alternatives do seem possible, but only a few. Sectoral minilateralism might have been a feasible replacement for the more aggressive managed trade experiments, e.g., in semiconductors, and earlier Executive Branch initiative in drafting trade legislation of the late 1980s might have blunted some of the sharper edges of the Congressional arsenal in the 1988 act. Minilateralism is forecast to have mildly liberalizing effects in the near term. The prognosis for the effects of managed trade and Congressional activism is decidedly more mixed.
Author: Giuseppe La Barca
Publisher: Bloomsbury Publishing
ISBN: 1350271438
Category : Business & Economics
Languages : en
Pages : 257
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Book Description
Under the Reagan presidency, the United States saw a period of strong economic growth. Analyzing the evolution of US foreign trade and its impact on the economy under the Reagan administration, Giuseppe La Barca shows how their economic achievements came about in part through well-exploited luck and reaffirmation of the supremacy of US economic interests. In stimulating its economy by consuming more than it produced, the US caused a growing trade deficit, appreciation of the dollar and an inflow of foreign capital that attracted prolonged differential interest rates. Offering a critical analysis of the evolution of US foreign trade and its impact on the national economy during the 1980s, this book shows how domestic and international economic policies shaped one another, and the impact they had in an increasingly globalizing world.
Author: J. David Richardson
Publisher:
ISBN:
Category : Balance of trade
Languages : en
Pages : 80
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Book Description
This paper is an assessment of three tilts in U.S. trade policy during the 1980s: minilateralism, managed trade, and Congressional activism. It describes their economic and political causes, and whether or not alternative policy directions might have been possible. Taking as given the unfavorable macroeconomic environment for trade policy, a few alternatives do seem possible, but only a few. Sectoral minilateralism might have been a feasible replacement for the more aggressive managed trade experiments, e.g., in semiconductors, and earlier Executive Branch initiative in drafting trade legislation of the late 1980s might have blunted some of the sharper edges of the Congressional arsenal in the 1988 act. Minilateralism is forecast to have mildly liberalizing effects in the near term. The prognosis for the effects of managed trade and Congressional activism is decidedly more mixed.
Author: Douglas A. Irwin
Publisher: University of Chicago Press
ISBN: 022639901X
Category : Political Science
Languages : en
Pages : 873
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Book Description
A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs
Author: C. Fred Bergsten
Publisher: Peterson Institute
ISBN: 9780881320022
Category : Political Science
Languages : en
Pages : 90
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Book Description
Now available directly from: IIE 11 Dupont Circle, NW Washington, DC 20036 Tel: (202) 328-9000
Author: Robert E. Baldwin
Publisher: University of Chicago Press
ISBN: 0226036537
Category : Business & Economics
Languages : en
Pages : 452
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Book Description
The trade policies addressed in this book have far-reaching effects on the world's increasingly interdependent economies, but until now little research has been devoted to them. This volume represents the first systematic effort to analyze specific U.S. trade policies, particularly nontariff measures. It provides a better understanding of how trade policies operate, how effective they are, and what their costs and benefits are to trading nations. The contributors chart the history of U.S. trade policy since World War II, analyze industry-specific trade barriers, and discuss the effects of tariff preferences and export-promoting policies such as export credits and domestic international sales corporations (DISCs). The final section of essays examines the worldwide impact of import policies, pointing out subtleties in industry-specific policies and providing insight into the levels of protection in developing countries. The contributors blend state-of-the-art economics with language that is accessible to the business community, economists, and policymakers. Commentaries accompany each paper.
Author: United Nations Association of the United States of America. Trade Policy Panel
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 76
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Book Description
Author: Gene M. Grossman
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 34
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Book Description
Author: Chris C. Carvounis
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
Carvounis has written a splendid, brief explanation of the current U.S. trade deficit and its probable consequences. After providing a brief history of the deficit, he surveys and critiques the two leading explanations advanced by economic theory (monetarist and structuralist). . . . Carvounis finds the monetarist suggestions politically impractical and the structuralist solution unworkable as well as politically improbable. . . . The writing is crisp and well documented. Choice The United States Trade Deficit of the 1980s probes the causes and consequences, as well as possible responses to the trade imbalance. In a thorough examination of the origins of the trade imbalance, the study takes into account the magnitude of the problem, focusing on bilateral trade balances, sectoral balances, and future outlook. The causes and consequences of the deficit are explained through an exhaustive comparison between the monetarist and structuralist schools. In a comprehensive, nonideological approach, the book provides valuable critiques and conclusions with respect to both positions.
Author: Andrew H. Card
Publisher: Council on Foreign Relations
ISBN: 0876094418
Category : Business & Economics
Languages : en
Pages : 135
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Book Description
From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 692
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Book Description
