The Political Economy of International Trade

American trade policy is a crucial subject to not only the United States but also foreign countries. Free trade has been a long-standing U.S. policy position, playing the lead role in the international free trade framework and contributing to this framework through multilateral trade negotiations. As both trade deficits and fiscal deficits steadily increased during the 1980s in the U.S., free trade has not stood without its share of suffering. Chung investigates American trade policy from the perspectives of U.S. trade laws and international trade agreements by outlining the primary trade laws of the past; considering the trade laws of the present; and delving into various trade agreements, disputes, and reforms. Looking to the future, Chung offers a unique argument for the enforcement of trade remedy laws and the reform of the international trade framework. The Political Economy of International Trade is certain to be of interest to academics, policymakers, trade industry practitioners, and politicians in the United States as well as around the world.

Autorentext
Jae Wan Chung is Professor Emeritus of Economics at George Mason University.

Inhalt

Chapter 1 U.S. Trade Laws and International Trade Agreements
Chapter 2 Constitutional Mandate of Trade Policy and Trade Protection
Chapter 3 Primary Trade Laws in the Past
Chapter 4 Trade Laws of the Present Era: An Overview
Chapter 5 Principal Trade Policy Instruments
Chapter 6 The World Trade Framework
Chapter 7 U.S. Trade Policy, Social Cost, and Policy Reform
Chapter 8 Trade Policy Institutions
Chapter 9 Trade Policy in Action
Chapter 10 Trade Disputes and Settlements
Chapter 11 Adjudicatory Behavior of Trade Policy and Institutions
Chapter 12 Fair Trade Policy, Social Cost, and Trade Policy Reform
Chapter 13 Epilogue