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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
In this reissued edition of the classic work Developing Countries in the GATT Legal System, Robert E. Hudec's clear insight on the situation of developing countries within the international trade system is once again made available. Hudec is regarded as one of the most prominent commentators on the evolution of the current international trade regime, and this long out-of-print book offers his analysis of the dynamics playing out between developed and developing nations. A significant contribution when the book was first published, this work continues to serve as a thoughtful and important guide to how current and future trade policy must seriously adapt to the demands of the developing world. This new edition includes a new introduction by J. Michael Finger that examines Hudec's work to understand how the GATT got into its current historical-institutional predicament and the lasting impact of his work on current research on international trade systems.
What was the “battle in Seattle” over trade all about? You may know...but do your students? With John Rothgeb's concise text U.S. Trade Policy: Balancing Economic Dreams and Political Realities, your students will learn about international trade, the political tensions it rouses, and its historical roots. Rothgeb carefully traces the forces that affect U.S. trade policy's development and implementation, including: * the strategic and competitive international arena * policymakers' views on the value of trade * the influence of special interest groups * the impact of institutional rivalries Supplement your foreign and economic policy course with a balanced discussion of the enormous changes spurred by the Reciprocal Trade Agreements Act, the Bretton Woods system, and the GATT, to the controversy surrounding current trade relations withteh European Union and China.
Chorev focuses on trade liberalization in the United States from the 1930s to the present as she explores the political origins of today's global economy.
The first and definitive book of its kind, Joan Spero's The Politics of International Economic Relations has been fully updated to reflect the sweeping changes in the international arena. With the expertise of co-author Jeffrey Hart, the fifth edition strengthens the coverage of political and economic relations since the end of the Cold War, economic polarization in developing nations and the roots of economic decline in centrally planned economies. A new chapter on industrial policy and competitiveness debates further illustrates the changing dynamics of International Political Economy. Ideal as a supplement to the International Relations course or as the core text in International Political Economy, Spero and Hart's The Politics of International Economic Relations continues to give students the breadth and depth of scholarship needed to understand the politics of world economy.
Contemporary American Foreign Policy: Influences, Challenges, and Opportunities looks at today’s most pressing foreign-policy challenges from a U.S. perspective, as well as from the vantage point of other states and peoples. It explores global issues such as human rights, climate change, poverty, nuclear arms proliferation, and economic collapse from multiple angles, not just through a so-called national interest lens. Authors Richard Mansbach and Kirsten L. Taylor shed new light on the competing forces that influence foreign-policy decision making, outline the various policy options available to decision makers, and explore the potential consequences of those policies, all to fully grasp and work to meet contemporary foreign-policy challenges.
The relationship between a powerful United States of America and some of the central multilateral organizations in global society is an essential feature of contemporary international relations. 'US Hegemony and International Organizations' brings together a range of leading scholars to examine this crucial phenomenon. Its aims are two-fold: to describe and explain US behaviour in and towards a wide range of significant global and regional institutions; and secondly to examine the impact of US behavior on the capacity of each organization to meet its own objectives. The study explores US behavior and its consequences for organizations based at the regional as well as the global levels, for those located in different regions of the world, and for such issue areas as security, economics, and the environment. Although focusing on the period since the 1990s, each chapter places its findings in a broader historical context.
Openness in the international economy happens when countries employ the commercial policies needed to mould free trade into an outcome that serves their national interests. With this conclusion, John Kroll challenges previous attempts to explain movements between free trade and economic closure solely in terms of domestic politics, international distributions of power, or market crises. He demonstrates that the final outcome of economic cooperation or conflict is more complex, determined both by the anarchical structure of international politics and by the policies nations employ to cope with that anarchy. Establishing a theoretical framework that links commercial policies to systemic outcomes, Kroll is able to offer a unique solution to the current debates over trade policy. He takes the major elements of that debate such as calls for aggressive reciprocity, enhanced multilateralism, and expanded trading blocs and establishes how and why each of these policies can influence the stability or instability of free trade systems. Kroll reviews how the GATT has enhanced free trade in the past by institutionalizing some of those policies and explains how GATTs failure to implement other policies will leave it ill equipped to handle future challenges. Kroll combines trade theory and recent works on anarchical cooperation, thereby responding to two recent admonitions in the international relations literature: He eschews ad hoc hypotheses in favor of ones derived from deductive models, and he moves game theory analysis beyond modelling and into the derivation of falsifiable propositions. In the latter book chapters, the author tests his proposition against a case study of British and German behavior during the collapse of free trade in the late nineteenth century.
The Oxford Handbook on the World Trade Organization provides an authoritative and cutting-edge account of the World Trade Organization. Its purpose is to provide a holistic understanding of what the WTO does, how it goes about fulfilling its tasks, its achievements and problems, and how it might contend with some critical challenges. The Handbook benefits from an interdisciplinary approach. The editorial team comprises a transatlantic partnership between a political scientist, a historian, and an economist. The distinguished and international team of contributors to the volume includes leading political scientists, historians, economists, lawyers, and practitioners working in the area of multilateral trade. All the chapters present original and state-of-the-art research material. They critically engage with existing academic and policy debates, and also contribute to the evolution of the field by setting the agenda for current and future WTO studies.The Handbook is aimed at research institutions, university academics, post-graduate students, and final-year undergraduates working in the areas of international organization, trade policy and negotiations, global economic governance, and economic diplomacy. As such, it should find an enthusiastic readership amongst students and scholars in History, Economics, Political Science, International Relations, Public Policy, and Law. Equally important, the book should have direct relevance for diplomats, international bureaucrats, government officials, and other policy-makers and practitioners in the area of trade and economic governance.