The Political Economy of International Trade: U.S. Trade Laws, Policy, and Social Cost

(Paperback)

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Description

American trade policy is a crucial subject to not only the United States but also foreign countries. Free trade has been a long-standing U.S. policy position, playing the lead role in the international free trade framework and contributing to this framework through multilateral trade negotiations. As both trade deficits and fiscal deficits steadily increased during the 1980s in the U.S., free trade has not stood without its share of suffering. Chung investigates American trade policy from the perspectives of U.S. trade laws and international trade agreements by outlining the primary trade laws of the past; considering the trade laws of the present; and delving into various trade agreements, disputes, and reforms. Looking to the future, Chung offers a unique argument for the enforcement of trade remedy laws and the reform of the international trade framework. The Political Economy of International Trade is certain to be of interest to academics, policymakers, trade industry practitioners, and politicians in the United States as well as around the world.

Reviews

All in all, The Political Economy of Inernational Trade is a useful contribution to the trade literature. I will be of particualr value to those interested in the legal and constitutional basis as well as the bureaucratic machinery of U.S. trade policy. * Political Studies Review *
Chung provides a comprehensive overview of U.S. trade policy. An excellent reference that belongs on the shelf of anyone interested in understanding the economics of U.S. trade laws. -- Thomas J. Prusa, Rutgers University

Author Bio

Jae Wan Chung is Professor Emeritus of Economics at George Mason University.