U.S. Trade Policy: History, Theory, and the WTOA critical review of recent U.S. trade policies that have failed to enforce sufficient reciprocity and overall trade balance, with suggestions for policies that foster a more balanced and realistic pattern of world trade growth. |
Contents
William A Lovett 33457 | 8 |
U S Trade History | 51 |
Static Comparative Advantage | 106 |
Toward Improved Trade Policy | 131 |
New Realism Versus Holier Than Thou | 156 |
Three to FiveYear | 162 |
Sustainable Internationalism for Americans | 172 |
| 183 | |
| 219 | |
About the Authors | 227 |
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Common terms and phrases
absolute advantage Adam Smith agricultural American Asia asymmetries Balance Ratio Imports billion Britain Canada China Commerce competition concessions Congress culture current account deficits Democratic devaluation developing countries dollar domestic dynamic economic development economic growth economists Europe Exports Balance Ratio Finance free trade GATT Imports Exports Balance income International Trade investment Japan Japanese Kennedy Round Korea labor LDCs Lovett major Malaysia manufacturing ment merchandise trade MNCs multilateral n/a n/a n/a NAFTA nations overall percent political President problems production prosperity protection pure theory Ratio Imports Exports reciprocity-based Republican South Korea static substantial Table 1.2 continued Taiwan theory of trade Thurow tion Tokyo Round Trade Agreements trade and current Trade Balance trade deficits trade imbalances trade negotiators trade theory U.S. dollar U.S. exports U.S. government U.S. industrial U.S. Tariff U.S. Tariff Commission U.S. trade laws U.S. trade policy unilateral United Uruguay Round USTR vote World Trade World Trade Organization York