This collection of essays offers critical perspectives on current
issues in the international economy. Divided into four parts, U.S.
Trade Policy and Global Growth discusses managed trade and
international interdependence, the effect of trade on domestic
wages and employment, the costs and benefits of trade protection,
and likely effects of NAFTA. The collection also addresses the U.S.
trade deficit and presents a Keynesian proposal for international
monetary reform. Part IV focuses on issues facing developing
countries in the areas of trade, industrial, and financial policy.
Rejecting the dogma that pure free-market policies should be
accepted as articles of religious faith, in either international
trade or domestic policy, the contributors search for trade and
macro policies that can achieve balanced growth with high
employment and an equitable distribution of income in both the
United States and the rest of the world.
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