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Contains an overview of the protection and competitiveness of the three industries: textiles, apparel, and non-rubber footwear, a brief history of the ways in which the industries have been protected, conditions in the products and labor markets, and their financial condition. Comprehensive!!
1. Introduction -- 2. Macroeconomics of NAFTA -- 3. Individual industries -- 4. Agriculture -- 5. Workers displaced by NAFTA -- 6. Environment -- Appendix A. Investment provisions of NAFTA -- Appendix B. Macroeconomic simulations of NAFTA.
This report analyzes 7 industry sectors pre-selected by the Appalachian Regional Comm. on the basis of their importance to the region's economy and export potential. The 7 clusters include: miscellaneous plastics parts in Northwest PA and OH, electronic components in NY, household furniture in Al and MS, knitting mills in NC and VA, medical devices in Southwest PA, industrial machinery in NC and SC, and environmental technologies in Eastern TN. The targets of the analysis are small and mid-sized manufacturing enterprises which have been slow to modernize and hesitant to export, and which comprise a potential source of growth. Tables and figures.
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