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 U.S. 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 U.S. 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 U.S. 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 U.S. 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 U.S. 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 evolution—and potential revolution.
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Editorial Reviews
Review
"A unique analysis of American trade policy." -- Jeffrey E. Garten, Yale School of Management
"Remarkably accessible and readable-- a very good introduction to a subject which is vital to America's future." -- Alan Wm. Wolff, Former Deputy U.S. Trade Representative
"This book cannot be recommended too highly for the wealth of its perceptions and the clarity of its exposition." -- International Affairs
"This book....will be a major contribution to the literature of the field." -- John H. Jackson, University of Michigan Law School
"This book...[adopts] an interdisciplinary approach that most other trade books lack." -- Robert Z. Lawrence, Albert L. Williams Professor of International Trade and Investment, Harvard University and Senior Fellow, Institute of International Economics
"This excellent text presents a thorough survey of the making of American trade policy." -- Jeffrey Frieden, Harvard University
"This is an excellent examination of the real world in which U.S. trade policy is formulated and implemented." -- Senator Max Baucus, Chairman of the Senate Finance Committee
"Remarkably accessible and readable-- a very good introduction to a subject which is vital to America's future." -- Alan Wm. Wolff, Former Deputy U.S. Trade Representative
"This book cannot be recommended too highly for the wealth of its perceptions and the clarity of its exposition." -- International Affairs
"This book....will be a major contribution to the literature of the field." -- John H. Jackson, University of Michigan Law School
"This book...[adopts] an interdisciplinary approach that most other trade books lack." -- Robert Z. Lawrence, Albert L. Williams Professor of International Trade and Investment, Harvard University and Senior Fellow, Institute of International Economics
"This excellent text presents a thorough survey of the making of American trade policy." -- Jeffrey Frieden, Harvard University
"This is an excellent examination of the real world in which U.S. trade policy is formulated and implemented." -- Senator Max Baucus, Chairman of the Senate Finance Committee
About the Author
Stephen D. Cohen is professor of international relations at the School of International Service at American University. Robert A. Blecker is professor of economics at American University and a research associate of the Economic Policy Institute. Peter D. Whitney is economist in residence at American University and adjunct professor at the Fuqua School of Business at Duke.
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Inside This Book
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First Sentence:
Foreign trade exists in two dimensions. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
liberal trade advocates, fair foreign competition, conducting trade policy, trade policymakers, formulating trade policy, unfair foreign trade practices, real economic resources, foreign trade barriers, trade remedy laws, import relief, export sanctions, future trade agreements, sophisticated manufactured goods, trade statutes, foreign barriers, new trade round, trade liberalization efforts, export restraint agreements, new foreign direct investment, import barriers, export promotion programs, regional trade blocs, antidumping laws, trade liberalization agreements, import restraints Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Uruguay Round, Western Europe, Commerce Department, European Union, International Trade Commission, Brookings Institution, Department of Commerce, Western Hemisphere, Cold War, Latin American, Trade Representative, World Trade Organization, Capitol Hill, State Department, Congressional Research Service, European Community, President Clinton, White House, Appellate Body, President Bush, Tokyo Round, World Bank, North American Free Trade Agreement, East Asia New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Foreign trade exists in two dimensions. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
liberal trade advocates, fair foreign competition, conducting trade policy, trade policymakers, formulating trade policy, unfair foreign trade practices, real economic resources, foreign trade barriers, trade remedy laws, import relief, export sanctions, future trade agreements, sophisticated manufactured goods, trade statutes, foreign barriers, new trade round, trade liberalization efforts, export restraint agreements, new foreign direct investment, import barriers, export promotion programs, regional trade blocs, antidumping laws, trade liberalization agreements, import restraints Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Uruguay Round, Western Europe, Commerce Department, European Union, International Trade Commission, Brookings Institution, Department of Commerce, Western Hemisphere, Cold War, Latin American, Trade Representative, World Trade Organization, Capitol Hill, State Department, Congressional Research Service, European Community, President Clinton, White House, Appellate Body, President Bush, Tokyo Round, World Bank, North American Free Trade Agreement, East Asia New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 77
books:
See all 77 books this book cites
4
books
cite this book:
- International Economics by Paul R. Krugman on 6 pages
- International Economics: Theory and Policy (6th Edition) by Paul R. Krugman on 6 pages
- International Economics by Thomas A. Pugel on 4 pages
- International Economics by Thomas Pugel on 4 pages
- Pop Internationalism by Paul Krugman on page 75, page 105, and page 107
See all 77 books this book cites
- The New World Order (Series in International Business and Economics) by K. Fatemi in Front Matter, and page 51
- America and the World, 1898-2025: Achievements, Failures, Alternative Futures by Walter Clemens on page 149
- Taming Global Finance: A Better Architecture for Growth and Equity by Robert A. Blecker in Back Matter
- Domestic Politics and International Relations in US-Japan Trade Policymaking: The GATT Uruguay Round Agriculture Negotiations (International Political Economy Series) by Christopher C. Meyerson in Back Matter
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