Fundamentals Of U.s. Foreign Trade Policy

Stephen D. Cohen is professor of international relations at The American University's School of International Service. Prior to joining the faculty in 1975, he served as a senior staff member on the White House-Congressional Commission on the Organization of the Government for the Conduct of Foreign Policy. Among Dr. Cohens books are The Making of United States International Economic Policy (now in its fourth edition), Cowboys and Samurai: Why the United States Is Losing the Battle with the Japanese, and Why It Matters, and International Monetary Reform, 1964-9: The Political Dimension.Joel R. Paul is professor of law at the University of Connecticut School of Law and past chair of the International Economic Law Group for the American Society of International Law. He received his J.D. from Harvard University, and he was awarded an M.A. in law and diplomacy from Tufts University. Dr. Paul has also taught at the University of Leiden in Holland, Yale University Law School, and the Washington College of Law at The American University. His articles have appeared in such journals as Harvard International Law Journal, Columbia Journal of European Law, and Wisconsin Journal of International Law.Robert A. Blecker is associate professor of economics at The American University and a research associate at the Economic Policy Institute, both in Washington, D.C. He received his BA. from Yale University and his M.A and Ph.D. from Stanford University. He is the author of Beyond the Twin Deficits: A Trade Strategy for the 1990s and the editor of a collection of readings on U.S. Trade Policy and Global Growth. His articles have appeared in such journals as Cambridge Journal of Economics, Journal of Post Keynesian Economics, and Weltwirtschaftliches Archiv.

• Preface and Acknowledgments -- Overview -- The Content and Context of Trade Policy -- Historical Survey of U.S. Trade Relations -- Economics -- Economic Theories of International Trade -- Economic Determinants of a Nation's Trade Performance -- Politics and Administration -- The Formulation and Administration of U.S. Trade Policy: Who Does What -- Decisionmaking Explained: The How and Why of Policymakers' Behavior -- Legislation Regulating Imports and Exports -- The International Legal Framework: The General Agreement on Tariffs and Trade -- Major Contemporary Issues -- Japan: America's Strongest Economic Competitor -- European Union–United States Trade Relations -- Trade Relations with the Nonindustrialized Countries -- Regional Trade Liberalization: The North American Free Trade Agreement -- Multilateral Trade Liberalization: The Uruguay Round Agreement -- Trade Policy Options for the Future -- The Unfinished Agenda -- Appendixes -- U.S. International Trade in Goods: Balance of Payments Basis, 1980-1993 -- Commodity Composition of U.S. Goods Trade with the World: Census Basis, 1993 -- Country Composition of U.S. Goods Trade with the World: Census Basis, 1993 -- U.S. Manufactures Trade, 1987 and 1993. Top Ten Product Exports, Imports, Balances; Sorted by 1993 Value Two-digit SITC Product Groups (Census basis; millions of dollars)