American Trade Policy: A Tragedy in the Making - Hardcover

Krueger, Anne O.

Hardcover

ISBN 10: 0844738883 ISBN 13: 9780844738888

Publisher: AEI Press, 1995

Synopsis

Uncovering the distinction between the rhetoric and the reality of US trade policy, this study examines growing US protectionism and Washington's aggressive use of bilateral trade tactics. In order to avoid a world trade war, renewed commitment to open multilateral trade is needed.

About this title

From the Back Cover:

In this monograph Anne O. Krueger demonstrates the increasing reliance on bilateral and regional trading arrangements and shows the dangers of departures from multilateralism. Using examples from trading relationships with individual countries (especially Japan and Korea), she shows how the presence of third countries not covered by agreements, market forces, and unanticipated technological and economic events undermine the intended effects of many bilateral arrangements. Ms. Krueger analyzes the North American Free Trade Agreement, and its prospective enlargement to a Western Hemisphere free trade agreement, in light of its impact on the multilateral trading system. While such arrangements can be "GATT plus", they can also be GATT substitutes. The author outlines the ways in which the presence of regional arrangements can detract from the open multilateral trading system, especially at a time when the new World Trade Organization should be the focal point of energy and attention. Ms. Krueger concludes by summarizing the failures of bilateral approaches to achieving their objectives and calling for a renewed commitment to the open multilateral trading system.

About the Author:

Anne O. Krueger is professor of economics at Stanford University.

About this edition

• Publisher: AEI Press
• Publication date: 1995
• ISBN 10: 0844738883
• ISBN 13: 9780844738888
• Binding: Hardcover
• Number of pages: 135