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Leadership Abroad Begins at Home - U.S. Foreign Economic Policy After the Cold War (Paperback)
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Leadership Abroad Begins at Home - U.S. Foreign Economic Policy After the Cold War (Paperback)
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What's good for the United States may well turn out to be good for
international economic policy coordination. In this post-cold war
era marked by pressing domestic social concerns and fiscal
deficits, Robert L. Paarlberg says that the U.S. government should
take an inward-first approach to global economic policy. Unless the
domestic front is secured, he believes that international
initiatives cannot succeed for lack of domestic support. It's a
contrary view. The outward-first approach has dominated U.S. policy
in the post-war and cold war eras. Paarlberg holds that the period
was exceptional in the longer history of the nation and its
relations with other nations. In the future, this sort of
policymaking will be increasingly difficult to sustain. The U.S.
economy is not as strong as it once was in relation to other
economies. The security imperatives of the cold war have largely
evaporated. And Congress is certainly no longer deferential to the
executive branch. Under these new circumstances, outward-first
international conferences, international negotiations, and
international agreements may not work as a starting point for
international economic cooperation. In this highly readable book,
part of the Brookings Integrating National Economies Series,
Paarlberg offers an in-dept examination of the merits of an
inward-first approach to economic policy leadership. He contends
that this approach should not be equated with protectionism,
because it refers only to policy sequence, not to content. To the
extent that inward-first is unilateral, he maintains that
unilateral action at home can pave the way for cooperative actions
abroad. He tests his argument with more detailed studies in
severaldifferent policy arenasincluding international fiscal policy
coordination and discipline, agricultural policy reform, and global
environmental policy. Leadership Abroad Begins at Home presents an
instructive survey of American political and policymaking
institutions, and of America's changing position in the world. A
volume of Brookings' Integrating National Economies Series
General
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