Fundamentals Of U.s. Foreign Trade Policy: Economics, Politics, Laws, And Issues Fundamentals Of United States Foreign Trade Policy

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. 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. Stephen D. Cohen, Joel R. Paul, Robert A. Blecker. Includes Bibliographical References And Index. 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 non-judgmental 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, and the GATT. . 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. This book seeks to educate all interested parties about the subtleties and the multiple layers of reality in U.S. trade policy. It covers all the major fundamentals and principal contemporary issues of the policy at a level of detail appropriate to a one-semester university or law school course.