The Effects of U.S. Trade Protection and Promotion Policies

by Feenstra, Robert C.; National Bureau of Economic Research

• ISBN13: 9780226239514
• ISBN10: 0226239519
• Format: Hardcover
• Copyright: 1997-05-01
• Publisher: Univ of Chicago Pr

Summary

Economists disagree on whether recent U.S. trade policies are harmful or helpful, but they all agree that there is a new trend toward focusing on results-oriented policies in specific markets and with particular trading partners. These twelve essays by leading international economists explore crucial issues in U.S. trade policy today. Topics examined include the markets for automobile and automobile parts in the United States and Japan, the U.S. response to "unfair" trading practices such as dumping, and the effects of industry- and country-specific policies. Examples include high-technology and agricultural industries and off-shore assembly in U.S. border cities. The volume concludes that some policies can act to both protect imports and promote exports, that the threat of protectionist policies can often have effects that are as pronounced as their implementation, and that regulatory policy has as great an impact on trade and investment patterns as does trade policy itself. It will be of crucial interest to international trade economists, policy specialists, and political scientists.

Table of Contents

Acknowledgments	ix
Introduction	1	(10)
Robert C. Feenstra
I. U.S.- JAPAN TRADE AND INVESTMENT	11	(150)
1. Carwars: Trying to Make Sense of U.S.- Japan Trade Frictions in the Automobile and Autimobile Parts Markets	11	(22)
James Levinsohn
2. Explaining Domestic Content: Evidence from Japanes and U.S. Automobile Production in the United States	33	(22)
Deborah L. Swednson
3. Protectionist Threats and Foreign direct Investment	55	(26)
Bruce A. Blonigen
Robert C. Feenstra
4. Foreign Direct Investment and Keirestu: Rethinking U.S. and Japanese Policy	81	(36)
David E. Weinstein
5. U.S.- Japan Telecomminications Trade Conflicts: The Role of Regulation	117	(44)
Andrew R. Dick
II. RESPONSE TO "UNFAIR" TRADE	161	(86)
6. Testing Models of the Trade Policy Process: Antidumping and the "New Issues"	161	(30)
Robert E. Cumby
Theodore H. Moran
7. The Trade Effects of U.S. Antidumping Actions	191	(24)
Thomas J. Prusa
8. Determinants and Effectiveness of "Aggressively Unilateral" U.S. Trade Actions	215	(32)
Kimberly Ann Elliott
J. David Richardson
III. INDUSTRY - AND COUNTRY - SPECIFIC POLICIES	247	(96)
9. Whither Flat Panel Display?	247	(26)
kala Krishna
Marie Thursby
10. Causes and Consequences of the Export Enhancenment Progran for Wheat	273	(24)
Pinelopi Koujianou Goldberg
Michael M. Knetter
11. The Effects of Offshore Assembly on Industry Location: Evidence from U.S. Border Cities	297	(26)
Gordon H. Hanson
12. Market-Access Effects of Trade Liberalization: Evidence from the Canada-U.S. Free Trade Agreement	323	(20)
Keith Head
John Ries
Contributors	343	(2)
Name Index	345	(4)
Subject Index	349