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In trade policy, as in many other areas of public policy, decision makers often confront present and future problems with little understanding of how similar disputes were resolved in the past. Too often, busy public officials had no time to write or record negotiating histories. Revisiting U.S. Trade Policy, which is certain to become a classic in the literature of trade negotiations, is just such a record. Built on the oral histories of thirty-five former U.S. trade policymakers -- including Michael Blumenthal, Alonzo McDonald, William Roth, and Robert S. Strauss -- this unique record, prepared for publication by Alfred E. Eckes, revisits some of the most important moments of America's trade liberalization program in the years after World War II. From GATT to the World Trade Organization, these major players look back in candid hindsight at their decisions concerning trade policy and the effects that those decisions had on shaping the new international economic order.
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
Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development
Lovett (Tulane Law School), Eckes (a former commissioner of the U.S. International Commission during the Reagan and Bush I administrations), and Brinkman (international economics, Portland State U.) evaluate the evolution of U.S. trade policy, focusing on the period from the establishment of the Gen
Robert D. Blackwill and Ashley J. Tellis argue that the United States has responded inadequately to the rise of Chinese power. This Council Special Report recommends placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.
An expert analysis of key issues, individuals, and developments in U.S. trade policy from national, regional, and global perspectives. What is the proper balance between free trade and protecting the American economy? U.S. Trade Issues: A Reference Handbook is a timely exploration of this vital and politically sensitive question, one that emerged as a crucial issue in the 2008 presidential election. Written by a former chairman of the U.S. International Trade Commission, it provides an authoritative, accessible, and unbiased review of the defining events, principal players, and key controversies in U.S. trade policy. U.S. Trade Issues describes American trade policies from the days of the republic to the present, focusing most intently on the post-World War II era. It explores a number of current issues, including the Doha Round of Multilateral Negotiations, NAFTA, and the president's trade authority. In addition, the handbook looks at American trade policy in the context of an increasingly globalized world economy.
A Foreign Affairs Best Book of 2016 Today, nations increasingly carry out geopolitical combat through economic means. Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States. “Geoeconomics, the use of economic instruments to advance foreign policy goals, has long been a staple of great-power politics. In this impressive policy manifesto, Blackwill and Harris argue that in recent decades, the United States has tended to neglect this form of statecraft, while China, Russia, and other illiberal states have increasingly employed it to Washington’s disadvantage.” —G. John Ikenberry, Foreign Affairs “A readable and lucid primer...The book defines the extensive topic and opens readers’ eyes to its prevalence throughout history...[Presidential] candidates who care more about protecting American interests would be wise to heed the advice of War by Other Means and take our geoeconomic toolkit more seriously. —Jordan Schneider, Weekly Standard
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.
A deep and unresolved tension exists within American trade politics between the nation’s promotion of an open world trading system and the operations of its democratic domestic political regime. Whereas most scholarly attention has focused on how domestic politics has interfered with the United States’ global economic leadership, Orin Kirshner offers here an analysis of the ways in which U.S. leadership in the arena of global trade has affected American democracy and the domestic political regime. By participating in multilateral trade agreements, the U.S. Congress has transferred its trade policymaking authority to the president and, through international trade negotiations, from the American state to the GATT/WTO regime. This reorganization of policymaking authority has resulted in the "triumph of globalism," and fundamentally alters the citizen-state relationship assumed in democratic theory. Kirshner illustrates this process through four case studies: The Reciprocal Trade Agreements Act of 1945, The Trade Expansion Act of 1962, The Trade Act of 1974, The Omnibus Trade and Competitiveness Act of 1988, and further examines the impact of the Uruguay Round Agreements Act of 1994 on the political and institutional structure of American trade politics up to the current period. American Trade Politics and the Triumph of Globalism makes a significant contribution to the study of both international trade and domestic American politics. This is essential reading for students and scholars of trade policy, international political economy, American politics, and democratic theory.