The Evolution of the Trade Regime

2010-12-16 Political Science

Author : John H. Barton
Release : 2010-12-16
Genre : Political Science
Kind : eBook
Book Rating : 898/5 ( reviews)

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Book Synopsis The Evolution of the Trade Regime by : John H. Barton

Download or read book The Evolution of the Trade Regime written by John H. Barton. This book was released on 2010-12-16. Available in PDF, EPUB and Kindle. Book excerpt: The Evolution of the Trade Regime offers a comprehensive political-economic history of the development of the world's multilateral trade institutions, the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO). While other books confine themselves to describing contemporary GATT/WTO legal rules or analyzing their economic logic, this is the first to explain the logic and development behind these rules. The book begins by examining the institutions' rules, principles, practices, and norms from their genesis in the early postwar period to the present. It evaluates the extent to which changes in these institutional attributes have helped maintain or rebuild domestic constituencies for open markets. The book considers these questions by looking at the political, legal, and economic foundations of the trade regime from many angles. The authors conclude that throughout most of GATT/WTO history, power politics fundamentally shaped the creation and evolution of the GATT/WTO system. Yet in recent years, many aspects of the trade regime have failed to keep pace with shifts in underlying material interests and ideas, and the challenges presented by expanding membership and preferential trade agreements.

Clashing Over Commerce

2017-11-29 Political Science

Author : Douglas A. Irwin
Release : 2017-11-29
Genre : Political Science
Kind : eBook
Book Rating : 01X/5 ( reviews)

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Book Synopsis Clashing Over Commerce by : Douglas A. Irwin

Download or read book Clashing Over Commerce written by Douglas A. Irwin. This book was released on 2017-11-29. Available in PDF, EPUB and Kindle. Book excerpt: 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

Reciprocity, U.S. Trade Policy, and the GATT Regime

1993 Reciprocity

Author : Carolyn Rhodes
Release : 1993
Genre : Reciprocity
Kind : eBook
Book Rating : 647/5 ( reviews)

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Book Synopsis Reciprocity, U.S. Trade Policy, and the GATT Regime by : Carolyn Rhodes

Download or read book Reciprocity, U.S. Trade Policy, and the GATT Regime written by Carolyn Rhodes. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:

U.S. Trade Policy

2015-02-24 Business & Economics

Author : William A. Lovett
Release : 2015-02-24
Genre : Business & Economics
Kind : eBook
Book Rating : 166/5 ( reviews)

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Book Synopsis U.S. Trade Policy by : William A. Lovett

Download or read book U.S. Trade Policy written by William A. Lovett. This book was released on 2015-02-24. Available in PDF, EPUB and Kindle. Book excerpt: 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

The Wealth of a Nation

2018 Business & Economics

Author : C. Donald Johnson
Release : 2018
Genre : Business & Economics
Kind : eBook
Book Rating : 911/5 ( reviews)

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Book Synopsis The Wealth of a Nation by : C. Donald Johnson

Download or read book The Wealth of a Nation written by C. Donald Johnson. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: The United States is entering a period of profound uncertainty in the world political economy--an uncertainty which is threatening the liberal economic order that its own statesmen created at the end of the Second World War. The storm surrounding this threat has been ignited by an issue that has divided Americans since the nation's founding: international trade. Is America better off under a liberal trade regime, or would protectionism be more beneficial? The issue divided Alexander Hamilton from Thomas Jefferson, the agrarian south from the industrializing north, and progressives from robber barons in the Gilded Age. In our own times, it has pitted anti-globalization activists and manufacturing workers against both multinational firms and the bulk of the economics profession. Ambassador C. Donald Johnson's The Wealth of a Nation is an authoritative history of the politics of trade in America from the Revolution to the Trump era. Johnson begins by charting the rise and fall of the U.S. protectionist system from the time of Alexander Hamilton to the Smoot-Hawley Tariff of 1930. Challenges to protectionist dominance were frequent and often serious, but the protectionist regime only faded in the wake of the Great Depression. After World War II, America was the primary architect of the liberal rules-based economic order that has dominated the globe for over half a century. Recent years, however, have seen a swelling anti-free trade movement that casts the postwar liberal regime as anti-worker, pro-capital, and--in Donald Trump's view--even anti-American. In this riveting history, Johnson emphasizes the benefits of the postwar free trade regime, but focuses in particular on how it has attempted to advance workers' rights. This analysis of the evolution of American trade policy stresses the critical importance of the multilateral trading system's survival and defines the central political struggle between business and labor in measuring the wealth of a nation.

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The Evolution of the Trade Regime

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