Fundamentals of U.S. foreign trade policy : economics, politics, laws, and issues

Bibliographic Information

Fundamentals of U.S. foreign trade policy : economics, politics, laws, and issues

Stephen D. Cohen, Robert A. Blecker, Peter D. Whitney

Westview Press, 2003

2nd ed

  • : hc
  • : pbk.

Available at  / 6 libraries

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Includes bibliographical references and index

Description and Table of Contents

Volume

: hc ISBN 9780813340272

Description

This unique text integrates for the first time the three critical aspects of U.S. foreign trade policy formulation and implementation: economics, politics, and laws. In a comprehensive and nonjudgmental manner, a political scientist, an economist, and a legal scholar combine efforts to present a well-rounded view of the nature and impact of trade policy as well as how it is made. First, they give a quick review of the history of U.S. trade policy and follow this with an explication of key economic principles and theories. They outline political processes and actors, then examine the laws that emanate from the political arena as they apply to imports, exports, the GATT, and the World Trade Organization.A final section combines the three perspectives in an analysis of key challenges to contemporary U.S. trade: Japan, the European Union, nonindustrialized countries, NAFTA, and the Uruguay Round of GATT trade negotiations. Looking toward the future, the authors conclude that given constant changes in the political, economic, and legal environments of trade, the import and export policies of the United States (and of most other countries) are subject to constant evolution-and occasional revolution. }This unique text integrates for the first time the three critical aspects of U.S. foreign trade policy formulation and implementation: economics, politics, and laws. In a comprehensive and nonjudgmental manner, a political scientist, an economist, and a legal scholar combine efforts to present a well-rounded view of the nature and impact of trade policy as well as how it is made. First, they give a quick review of the history of U.S. trade policy and follow this with an explication of key economic principles and theories. They outline political processes and actors, then examine the laws that emanate from the political arena as they apply to imports, exports, the GATT, and the World Trade Organization. A final section combines the three perspectives in an analysis of key challenges to contemporary U.S. trade: Japan, the European Union, nonindustrialized countries, NAFTA, and the Uruguay Round of GATT trade negotiations. Looking toward the future, the authors conclude that given constant changes in the political, economic, and legal environments of trade, the import and export policies of the United States (and of most other countries) are subject to constant evolution-and occasional revolution. }

Table of Contents

  • Preface and Acknowledgments
  • Acronyms
  • Overview The Content and Context of Trade Policy Historical Survey of U.S. Trade Relations
  • Economics Economic Theories of International Trade Trade Balances, Trade Performance, and Trade Policy
  • Politics and Law The Formulation and Administration of U.S. Trade Policy: Who Does What Decisionmaking Explained: The How and Why of Policymakers and Legislators Behavior U.S. Legislation Regulating Imports and Exports The World Trade Organization: International Trade Law and Trade Liberalization
  • Major Contemporary Issues Trade Sanctions vs. Export Expansion U.S. Trade Relations with Japan and China: The New Twin Deficits
  • European Union-United States Trade Relations Regional Free Trade Blocs and the United States Consensus Cracks: The Anti-Globalization Backlash A Look Ahead
  • Appendix: Useful Trade Websites Index
  • Index
  • About the Authors
Volume

: pbk. ISBN 9780813398457

Description

Unique text that integrates three critical aspects of US foreign trade policy: economics, politics, and law. . Thoroughly updated to reflect the many recent changes in the international trading system, the second edition of this acclaimed study again provides a unique integration of the three critical aspects of US foreign trade policy formulation and implementation: economics, politics, and law. In a comprehensive and nonjudgmental manner, the authors use an interdisciplinary approach to analyze why US trade policy is as it is, not what it could or should be. The authors begin by explaining the book's analytical framework and then succinctly review the history of US trade policy. This is followed by an explanation of key economic principles and theories underlying trade relations. The book next discusses the political forces that govern the inner workings of the US trade policy decision-making process. A thorough examination is then given to the laws that emanate from the political arena as they apply to domestic imports and exports, and to the World Trade Organization. A final section combines the three perspectives in an analysis of key concerns to contemporary US trade relations: Japan, China, the European Union, regional trade groups, and the anti-globalization backlash. Looking toward the future, the authors conclude that given constant changes in the political, economic, and legal environments of trade, the import and export policies of the United States are subject to constant evolutionand potential revolution.

Table of Contents

  • Preface and Acknowledgments
  • Acronyms
  • Overview The Content and Context of Trade Policy Historical Survey of U.S. Trade Relations
  • Economics Economic Theories of International Trade Trade Balances, Trade Performance, and Trade Policy
  • Politics and Law The Formulation and Administration of U.S. Trade Policy: Who Does What Decisionmaking Explained: The How and Why of Policymakers and Legislators Behavior U.S. Legislation Regulating Imports and Exports The World Trade Organization: International Trade Law and Trade Liberalization
  • Major Contemporary Issues Trade Sanctions vs. Export Expansion U.S. Trade Relations with Japan and China: The New Twin Deficits
  • European Union-United States Trade Relations Regional Free Trade Blocs and the United States Consensus Cracks: The Anti-Globalization Backlash A Look Ahead
  • Appendix: Useful Trade Websites Index
  • Index
  • About the Authors

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