Can America continue to be the powerhouse of the world economy during the era of globalization? "America's Trade Follies" controversially challenges the myths of the American trade deficit and the consequences of current US trade policy. Bernard K. Gordon argues that the global political economy is hardening into regional blocs, all of which are organized around a powerful economic base and suspicious of each other. This masterful analysis show that this division into regional blocs fundamentally threatens American prosperity by limiting US access to the world's richest and largest markets, and endangers US security by dividing the globe along economic and political lines. It is vital then that US trade policy recognizes that support for regional trade blocs is an act of political folly in a globalized economy.
"Bernard Gordon makes a compelling and convincing case against America's practice of promoting regional trade blocs, which not only poses a threat to its national interests but also to international order.."
"Professor Gordon's warning against the dangers of regionalism for America's economy and foreign policy could not come at a more critical moment. The post-Seattle backlash against free trade continues apace, and the Europeans and Asians are increasingly unwilling to accept U.S. economic leadership. Everyone involved in making economic, trade or foreign policy in the Bush administration should read this well-researched and sharply argued book..""
-Michael Hirsh, Foreign Editor, Newsweek magazine
"Well-written [and] easy-to-read... this book is an excellent reference for scholars interested in modern U.S. trade policies.."
-ASEAN Economic Bulletin