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AN AMERICAN TRADE STRATEGY : OPTIONS FOR THE 1990s - R Lawrence

AN AMERICAN TRADE STRATEGY

OPTIONS FOR THE 1990s

Paperback Published: 1st September 1990
ISBN: 9780815751793
Number Of Pages: 234

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The world trading envionment changed dramatically in the 1980s. America's trade balance declined sharply, while Japan, Germany, and the newly industrialized countries of Asia built up large, continuing surpluses. Such developments led many people to question whether the traditional postwar strategy of reliance on multilateral free trade agreements is still the best course for the United States, or even a viable one. The challenges to the multilateral system are both practical and theoretical. Various nations are already forming " free trade" blocs-- notably the Europe 1992 and the Canadian-American trade arrangements. The United States has increasingly bypassed the GATT and bargained bilaterally in trade disputes, especially with Japan. Several prominent economists have developed new theories that support a more active role for the government to help shape technological change and improve the competitive position of the United States in world markets. Others strongly defend the current arrangements and caution that greater reliance on bilateral bargaining and trading blocs will lead to fragmented world trade and cartel-like arrangements among a few major producers. They are even more skeptical of an interventionist government successfully " managing" trade. An American Trade Strategy assesses options for the decade ahead, examining the case for mulitlateral free trade, aggressive bilateralism, and managed trade, as well as their shortcomings. The editors and contributors evaluate the alternative strategies and reflect on their implications for the future direction of American trade policy.

"An American Trade Strategy provides a rich and creative range of suggestions and analysis to help the U.S. respond to the global trading challenge. It is packed with insightful professionalism and a keen sense of America's vital interests in the global economy." --Robert D. Hormats, Goldman, Sachs & Co.

Forewordp. vii
Evaluating the Optionsp. 1
Summaryp. 42
Free Trade Is the Best Policyp. 68
Policy Options for Freer Trade: The Case for Bilateralismp. 106
Appendixp. 133
Appendixp. 134
Managed Trade: Making the Best of the Second Bestp. 142
Discussion by Avinash K. Dixitp. 185
Commentaryp. 195
Contributorsp. 225
Indexp. 226
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780815751793
ISBN-10: 0815751796
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 234
Published: 1st September 1990
Publisher: Brookings Institution
Country of Publication: US
Dimensions (cm): 23.0 x 15.2  x 1.78
Weight (kg): 0.27