This book seeks to educate all interested parties about the subtleties and the multiple layers of reality in U.S. trade policy. It covers all the major fundamentals and principal contemporary issues of the policy at a level of detail appropriate to a one-semester university or law school course.
Part One: Overview 1. The Content and Context of Trade Policy 2. Historical Survey of U.S. Trade Relations Part Two: Economics 3. Economic Theories of International Trade 4. Economic Determinants of a Nation's Trade Performance Part Three: Politics and Administration 5. The Formulation and Administration of U.S. Trade Policy: Who Does What 6. Decisionmaking Explained: The How and Why of Policymakers' Behavior 7. Legislation Regulating Imports and Exports 8. The International Legal Framework: The General Agreement on Tariffs and Trade Part Four: Major Contemporary Issues 9. Japan: America's Strongest Economic Competitor 10. European Union-United States Trade Relations 11. Trade Relations with the Nonindustrialized Countries 12. Regional Trade Liberalization: The North American Free Trade Agreement 13. Multilateral Trade Liberalization: The Uruguay Round Agreement 14. Trade Policy Options for the Future 15. The Unfinished Agenda