Fundamentals Of U.s. Foreign Trade Policy: Economics, Politics, Laws, And Issues, Second Edition - Hardcover

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. }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. }

Stephen D. Cohen is professor of international relations at the School of International Service of American University. 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, and as an international economist at the U.S. Treasury Departmetn and the U.S.-Japan Trade Council. Among Dr. Cohens books are The Making of U.S. International Economic Policy, An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions, and International Monetary Reform, 1964-69: The Political Dimension. His articles have been published in such journals as International Affairs, Journal of World Trade, World Development, and The International Economy. He received his B.A. and Ph.D. from American University and an M.A. from Syrac use University. Robert A. Bleckeris professor of economics at American University and a research associate of the Economic Policy Institute, both in Washington, DC. He received his B.A. from Yale University and his M.A. and Ph.D. from Stanford University. He has participated in working groups on international trade and financial issues at the Center for Economic Policy Analysis at New School University, the Economic Strategy Institute, and the Council on Foreign Relations. He is the author of Taming Global Finance: A Better Architecture for Growth and Equity, Beyond the Twin Deficits: A Trade Strategy for the 1990s, and the editor of a volume on U.S. Trade Policy and Global Growth. His articles have appeared in journals such as the Cambridge Journal of Economics, Economica, and Weltwirtschaftliches Archiv. Peter D. Whitney is Economist in Residence at American University in Washington, D.C., Senior Advisor on Latin America for Control Risks Group, an international management consulting company, Adjunct Professor at the Fuqua School of Business at Duke University and Instructor for the State Department on the WTO and Trade Dispute Resolution. Previously, he served in the U.S. Foreign Service as Deputy Chief of Mission, Economic Counselor, Consul and Economic Officer to Argentina, Brazil, Chile, Jamaica, Japan, and Portugal. At the State Department he served as Director of Economic Policy for Latin America and the Caribbean. He received a B.A. from Princeton (History), an M.A. from Vanderbilt (Economics) and an M.P.A. from Harvard (Administration). He is a graduate of the National War College. He also has taught economics at Sophia (Tokyo) and UNC Chapel Hill.