An American Trade Strategy
Options for the 1990s
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American Trade Strategy by Robert Z. Lawrence
Book DescriptionThe 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.
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Book DetailsISBN: 9780815751793
(229mm x 152mm x 18mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Sep-1990
Country of Publication: United States
Books By Author Robert Z. Lawrence
Brookings Trade Forum, Paperback (December 1999)
Growing economic integration has become a major concern among policymakers and international institutions in the 1990s. In light of this concern, the practitioners and academics contributing to the Brookings Trade Forum 1999 have focused on key aspects of governing in a global economy.
Prism on Globalization, Paperback (June 1999)
The unprecedented shifts in the U.S. dollar's exhange rate that started during the late 1970s and continued through the 1980s provide an ideal opportunity to explore how the global economy works and the role that multinational enterprises (MNEs) play in the phenomenon of globalization.
Globaphobia, Paperback (February 1998)» View all books by Robert Z. Lawrence
For much of the post-World War II period, the increasing globalization of the U.S. economy was welcomed by policymakers and by the American people. We gained the benefits of cheaper and, in some cases, better foreign-made products, while U.
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Author Biography - Robert Z. Lawrence
Robert Z. Lawrence is Albert L. Williams Professor of International Trade and Investment at the Kennedy School of Government, Massachusetts, USA. He is also a senior fellow at the Institute for International Economics, and a research associate at the National Bureau of Economic Research. He served as a member of the President's Council of Economic Advisers from 1998 to 2000. Lawrence has also been a senior fellow at the Brookings Institution. His books include Globaphobia: Confronting Fears about Open Trade (Brookings, 1998) and Single World, Divided Nations? International Trade and the OECD Labor Markets (Brookings/OECD, 1996). Charles L. Schultze is a senior fellow in the Economic Studies program at Brookings, Washington, D.C., USA. He was chairman of the Council of Economic Advisers during the Carter administration and director of the U.S. Bureau of the Budget during the Johnson administration.
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