This collection of original essays focuses on issues of
international trade and trade policy in a world that is undergoing
structural adaptation and in the face of a serious increase in the
US trade deficit. They bring a new consolidation of analytical
perspective to a wide variety of current trade policy issues.In
their overview chapter, Alan V. Deardorff and Robert M. Stern
discuss developments in trade and protectionism, review the case
for free trade and address the arguments in favor of trade
intervention. Rudiger Dornbusch and Jeffrey Frankel analyze the
macroeconomic setting in which changes have been made in US tariffs
and NTBs.Stephen P. Magee and Leslie Young develop a model of
endogenous protection and use it to search for microeconomic and
macroeconomic variables that may help to explain changes in tariff
and nontariff protection in the US since 1900. Paul Krugman takes
up the question of identifying strategic sectors and the extent to
which international competition and national government policies
may affect the returns to such sectors under conditions of
imperfect competition or when externalities are present. Avinash
Dixit analyzes the responses that the US might make to other
countries' trade policies in terms of how these policies affect US
real national income and national security. He concludes that the
US could use strategic advance responses to alter other countries'
trade policies in a mutually beneficial way.Richard N. Cooper
evaluates trade policy as foreign policy by looking at changes
through three periods of US history. T.N. Srinivasan scrutinizes
the national defense argument for government intervention in
foreign trade. John H. Jackson in discussing alternative
negotiation approaches for the conduct of US trade policies
observes that the pursuit of multilateralism may be frustrating and
that what may be needed instead is a "minilateral" approach to
trade liberalization. In conclusion, W. Max Corden offers a package
of rules that he believes may be both desirable and possible for
the international trading system to attain.Robert M. Stern is
Professor of Economics at the University of Michigan and Director
of the Institute of Public Policy Studies. He is coauthor with
Allan V. Deardorff of The Michigan Model of World Production and
Trade (MIT Press 1985.)
General
Imprint: |
MIT Press
|
Country of origin: |
United States |
Series: |
The MIT Press |
Release date: |
February 1989 |
First published: |
1989 |
Editors: |
Robert M. Stern
|
Dimensions: |
229 x 152 x 30mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
448 |
Edition: |
New Ed |
ISBN-13: |
978-0-262-69132-1 |
Categories: |
Books >
Business & Economics >
Economics >
General
Promotions
|
LSN: |
0-262-69132-9 |
Barcode: |
9780262691321 |
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