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Book Cover
Author Cohen, Stephen D., author.

Title Fundamentals of U.S. foreign trade policy : economics, politics, laws, and issues / Stephen D. Cohen, Joel R. Paul, Robert A. Blecker
Published New York, NY : Routledge, Taylor & Francis Group, 2018
Online access available from:
ProQuest Ebook Central    View Resource Record  


Description 1 online resource (xvi, 311 pages) : illustrations
Contents 1. The Content and Context of Trade Policy -- 2. Historical Survey of U.S. Trade Relations -- 3. Economic Theories of International Trade -- 4. Economic Determinants of a Nation's Trade Performance -- 5. The Formulation and Administration of U.S. Trade Policy: Who Does What -- 6. Decisionmaking Explained: The How and Why of Policymakers' Behavior -- 7. Legislation Regulating Imports and Exports -- 8. The International Legal Framework: The General Agreement on Tariffs and Trade -- 9. Japan: America's Strongest Economic Competitor -- 10. European Union -- United States Trade Relations -- 11. Trade Relations with the Nonindustrialized Countries -- 12. Regional Trade Liberalization: The North American Free Trade Agreement -- 13. Multilateral Trade Liberalization: The Uruguay Round Agreement -- 14. Trade Policy Options for the Future -- 15. The Unfinished Agenda -- Appendix A: U.S. International Trade in Goods and Services: Balance of Payments Basis
Summary This unique text integrates for the first time the three critical aspects of U.S. foreign trade policy formulation and implementation: economics, politics, and laws. In a comprehensive and nonjudgmental manner, a political scientist, an economist, and a legal scholar combine efforts to present a well-rounded view of the nature and impact of trade policy as well as how it is made. First, they give a quick review of the history of U.S. trade policy and follow this with an explication of key economic principles and theories. They outline political processes and actors, then examine the laws that emanate from the political arena as they apply to imports, exports, the GATT, and the World Trade Organization. A final section combines the three perspectives in an analysis of key challenges to contemporary U.S. trade: Japan, the European Union, nonindustrialized countries, NAFTA, and the Uruguay Round of GATT trade negotiations. 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 (and of most other countries) are subject to constant evolution--and occasional revolution.--Publisher description
Bibliography Includes bibliographical references and index
Notes Stephen D. Cohen is professor of international relations at The American University's School of International Service. Prior to joining the faculty in 1975, he served as a senior staff member on the White House-Congressional Commission on the Organization of the Government for the Conduct of Foreign Policy. Among Dr. Cohens books are The Making of United States International Economic Policy (now in its fourth edition), Cowboys and Samurai: Why the United States Is Losing the Battle with the Japanese, and Why It Matters, and International Monetary Reform, 1964-9: The Political Dimension. Joel R. Paul is professor of law at the University of Connecticut School of Law and past chair of the International Economic Law Group for the American Society of International Law. He received his J.D. from Harvard University, and he was awarded an M.A. in law and diplomacy from Tufts University. Dr. Paul has also taught at the University of Leiden in Holland, Yale University Law School, and the Washington College of Law at The American University. His articles have appeared in such journals as Harvard International Law Journal, Columbia Journal of European Law, and Wisconsin Journal of International Law. Robert A. Blecker is associate professor of economics at The American University and a research associate at the Economic Policy Institute, both in Washington, D.C. He received his BA. from Yale University and his M.A and Ph.D. from Stanford University. He is the author of Beyond the Twin Deficits: A Trade Strategy for the 1990s and the editor of a collection of readings on U.S. Trade Policy and Global Growth. His articles have appeared in such journals as Cambridge Journal of Economics, Journal of Post Keynesian Economics, and Weltwirtschaftliches Archiv
Online resource; title from PDF title page (EBSCO, viewed June 12, 2019)
Subject Foreign trade regulation -- United States.
Free trade -- United States.
BUSINESS & ECONOMICS / Exports & Imports.
BUSINESS & ECONOMICS / International / General.
BUSINESS & ECONOMICS / International / Marketing.
Commercial policy.
Foreign trade regulation.
Free trade.
International economic relations.
POLITICAL SCIENCE / International Relations / Trade & Tariffs.
United States -- Commercial policy.
United States -- Foreign economic relations.
United States.
Genre/Form Electronic books
Form Electronic book
Author Blecker, Robert A., 1956- author.
Paul, Joel Richard, author.
ISBN 0429037260