U.S. International Trade Policy: An Introduction / Edition 1

by W. Charles Sawyer

Overview

To understand trade policy, one needs to understand the basics of international economics. This book provides nonspecialists with accessible explanations of international trade, enabling readers to appreciate the importance of current events in international trade policy.

Due to the ever-increasing globalization of the U.S. economy, articles that involve international trade policy—both here and abroad—are increasingly common in publications such as The New York Times, The Wall Street Jourbanal, and The Economist. In many cases, it is apparent that the authors of such articles lack a sound understanding of the basics of international trade policy. Similarly, many nonspecialist readers do not have the necessary background to grasp the meaning of current events in international economics. This book serves both writers and readers, providing concise, easy-to-understand overviews of the key topics necessary for jourbanalists to write understandable articles on trade policy and for readers to understand what they are reading.

The book begins with coverage of the basic framework of international economics that readers need to grasp in order to understand trade policy. The next two sections cover the tools of trade policy and the political factors that drive their use. The author discusses the history of trade policy, describes how it has evolved over time, and explains where it is headed in the future. Readers will come away with a working understanding of topics such as balance of payments, the current account, comparative advantage, government export subsidies, the World Trade Organization (WTO), the Doha Round, the North American Free Trade Agreement (NAFTA), the European Union (EU), and the U.S. Trade Representative.

Product Details

ISBN-13:	9781440833670
Publisher:	Bloomsbury Academic
Publication date:	01/09/2017
Series:	Non-Series
Edition description:	New Edition
Pages:	272
Product dimensions:	6.14(w) x 9.21(h) x 0.62(d)

About the Author

W. Charles Sawyer is Hal Wright Professor of Latin American Economics at Texas Christian University.

Table of Contents

Chapter 1 Introduction 1

Chapter 2 Trade Balances and Macroeconomic Imbalances 19

Chapter 3 Comparative Advantage 49

Chapter 4 New Models of International Trade 83

Chapter 5 Barriers to Trade 117

Chapter 6 History of U.S. Trade Policy 155

Chapter 7 U.S. Trade Policy in the Postwar Era 181

Chapter 8 The Institutions of U.S. Trade Policy 207

Chapter 9 Administered Protection 225

Chapter 10 Trade Policy in the 21st Century 245

Index 259