The Structure and Evolution of Recent U.S. Trade Policy

by Baldwin, Robert E.; Krueger, Anne O.

• ISBN13: 9780226036045
• ISBN10: 0226036049
• Format: Hardcover
• Copyright: 1984-12-01
• Publisher: Univ of Chicago Pr

Summary

The trade policies addressed in this book have far-reaching effects on the world's increasingly interdependent economies, but until now little research has been devoted to them. This volume represents the first systematic effort to analyze specific U.S. trade policies, particularly nontariff measures. It provides a better understanding of how trade policies operate, how effective they are, and what their costs and benefits are to trading nations. The contributors chart the history of U.S. trade policy since World War II, analyze industry-specific trade barriers, and discuss the effects of tariff preferences and export-promoting policies such as export credits and domestic international sales corporations (DISCs). The final section of essays examines the worldwide impact of import policies, pointing out subtleties in industry-specific policies and providing insight into the levels of protection in developing countries. The contributors blend state-of-the-art economics with language that is accessible to the business community, economists, and policymakers. Commentaries accompany each paper.

Author Biography

Robert E. Baldwin is Hilldale Professor of Economics at the University of Wisconsin, Madison. Anne O. Krueger is vice president, economics and research, at the World Bank.

Table of Contents

Introduction

U. S. Trade Policy since World War II Introduction

The Changing Nature of U.S. Trade Policy since World War II

Comment

Comment

Industry-Specific Nontariff Trade Barriers Introduction

Voluntary Export Restraint in U.S. Autos, 1980-81: Quality, Employment, and Welfare Effects

Comment

Comment

U.S. Antidumping Policies: The Case of Steel

Comment

Comment

The Multifiber Arrangement and Its Effect on the Profit Performance of the U.S. Textile Industry

Comment

Comment

Trade Policies to Facilitate Domestic Adjustment, Promote Developing Country Exports, and Meet Strategic Concerns Introduction

Costs and Benefits of Trade Adjustment Assistance

Comment

The U.S. Generalized System of Preferences and Its Impacts

Comment

The U.S. Strategic Petroleum Reserve: An Analytic Framework

Comment

Export-Promoting Policies Introduction

The Domestic International Sales Corporation and Its Effects

Comment

Comment

The Benefits and Costs of Official Export Credit Programs

Comment

Levels of Protection in the Developed Countries Introduction

The Effects of the Tokyo Round on the Structure of Protection

Effects of Protection in Developed Countries on Developing Countries'

Exports of Manufactures

Comment

List of Contributors

Author Index

Subject Index

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