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While some may dispute that economics is the driving force behind much of history, nobody can argue that trade is not a significant factor in international relations. In an increasingly globalised world, products are perpetually crossing borders, leading to both political and fiscal conflicts. Businesses have to face diverse markets and regions while worrying about protectionist government initiatives that hamper free trade. Even the ostensible champion of free markets, America, has its own streak of inhibiting the flow of goods; witness the recent steel tariffs which have angered European partners. No society, therefore, is immune to the pressures of world trade and the need to balance the free movement of products with the desire to preserve domestic industries. This book assembles a collection of articles examining some of the most current and divisive issues in the international trade arena. They range from the tensions between the United States and Mexico in NAFTA to the war-fuelled trade in diamonds in Africa. With such a broad range of issues discussed, this book serves as a needed tool for understanding the most important contemporary economic subjects.
Awarded the American Political Science Association's Gladys Kammerer award for the best book on US national policy, American Trade Politics examines how the US policymaking process has enabled the United States to reduce its own import barriers and lead the world toward a more open trading regime. Since the 1970s, enormous political changes, compounded by unprecedented US trade deficits, have brought institutional erosion and some backsliding on trade policy.
"The authors successfully debunk the myths circulated by the critics of foreign investment. Their research is careful, their writing clear, and their analysis incisive." -Susan Liebeler, The Wall Street Journal.
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Provides the first systematic analysis of new Asian regionalism as a paradigm shift in international economic law.
Contents: (1) The Issue and Role of Congress; (2) Two Indicators of the Severity of the Crisis: Growth and Trade; (3) Political and Foreign Policy Effects of the Crisis: (a) Effects on Political Leadership; Regimes; Perceived Countries of Influence; and Stability, Violence, and Terrorism: Political Leadership; Perceived Countries of Influence; Stability, Violence, and Terrorism; (b) Effects on Economic Philosophies, State Capitalism, and Protectionism: Economic Philosophies: State Capitalism; Trade Protectionism; (c) Effects on U.S. Leadership and Attitudes Toward the U.S.; (d) Effects on Supranational Financial and Economic Org.; (e) Effects on Poverty: (f) Budgetary Effects on Resources for Aid, Diplomacy, and Defense. Charts and tables.
The United States and the European Union have a healthy and substantial trade relationship, but as trade grows between the nations, conflicts over subsidies, industrial policy and social and economic pressures are inevitable. Domestic or abroad, these conflicts must be solved to ensure the best trade relations possible. This book presents these trade problems and how they affect this mutually beneficial trade relationship.