The Political-economy of U.S. Automobile Protection

The Political-economy of U.S. Automobile Protection

Author: Douglas R. Nelson

Publisher:

Published: 1994

Total Pages: 108

ISBN-13:

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Abstract: This paper examines the political process through which the U.S. auto industry pursued and ultimately received protection from Japanese competition. Following a brief review of research on the competitiveness of the industry (section II) and on the effects of protection on industry performance (section III), it is not at all obvious that trade protection was the most effective policy response to the industry's economic problems. The remainder of the paper argues that the industry's political strategy reflects a response to a crisis in the political-economic regime regulating relations among the major interests in the U.S. auto industry. To make this argument, section IV develops the notion of a sectoral regime and applies it to the auto industry. Section, develops the argument further suggesting that conditions in the industry constituted a regime crisis and reexamines the industry's pursuit of aggressive trade policy toward Japanese producers in this context. Section VI illustrates the usefulness of this perspective by examining the politics of North American integration from the perspective of the auto industry. Section VII concludes.


The Political Economy of American Trade Policy

The Political Economy of American Trade Policy

Author: Anne O. Krueger

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 474

ISBN-13: 0226455017

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Exploring the political and economic determinants of trade protection, this study provides a wealth of information on key American industries and documents the process of seeking and conferring protection. Eight analytical histories of the automobile, steel, semiconductor, lumber, wheat, and textile and apparel industries demonstrate that trade barriers rarely have unequivocal benefits and may be counterproductive. They show that criteria for awarding protection do not take into account the interests of consumers or other industries and that political influence and an organized lobby are major sources of protection. Based on these findings, a final essay suggests that current policy fails to consider adequately economic efficiency, the public good, and indirect negative effects. This volume will interest scholars in economics, business, and public policy who deal with trade issues.


The Political Economy of Trade Protection

The Political Economy of Trade Protection

Author: Anne O. Krueger

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 126

ISBN-13: 0226455025

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This clear, concise summary of the in-depth analyses presented in The Political Economy of American Trade Policy examines the level, form, and evolution of American trade protection. In case studies of trade barriers imposed during the 1980s to help the steel, semiconductor, automobile, lumber, wheat, and textile and apparel industries, the contributors trace the evolution of efforts to obtain protection, protectionist measures, and their results. A chapter assessing the common themes that emerge from the studies concludes that the focus of current trade law is exclusively on the individual protection-seeking industries, with little regard for indirect effects on using industries or for consumers. Reform could usefully take these effects into account. This volume will interest policymakers, business executives, and anyone interested in trade policy formulation and practice.


The Political Economy of Protection

The Political Economy of Protection

Author: Arye L. Hillman

Publisher: Taylor & Francis

Published: 2013-10-15

Total Pages: 192

ISBN-13: 1136455566

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This book examines how trade policy is determined in democratic countries, and illustrates how protectionist policies are engendered by political processes that allow groups to pursue their own interests.


Handbook of International Economics

Handbook of International Economics

Author: Ronald Winthrop Jones

Publisher: Elsevier

Published: 1984

Total Pages: 896

ISBN-13: 0444828648

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"This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with economic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior."--Publisher's information


National Politics in a Global Economy

National Politics in a Global Economy

Author: Philip A. Mundo

Publisher: Georgetown University Press

Published: 1999

Total Pages: 321

ISBN-13: 0878407448

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In our increasingly globalized world, U.S. trade policy stands at the intersection of foreign and domestic affairs. This book explains trade policy in terms of domestic politics, presenting a concise account of its origins and political significance. Although trade policy is a component of foreign policy, Philip A. Mundo explains how it is rooted in the domestic policy process and carries with it enormous implications for domestic affairs. He reviews the growing importance of trade policy since World War II -- particularly over the past twenty years -- and shows how recent policies like NAFTA are shaped by the domestic agenda. Mundo explains trade policy as the product of a three-stage process comprising agenda setting, program adoption, and implementation. He reviews this process in terms of the ideas that inform trade policy, the interests that seek to influence it, and the institutions that shape it. He also addresses the importance of specific measures, such as administrative relief and trade sanctions. This book distills the essence of the trade policy process into a concise, innovative framework accessible to students and general readers. With the growing importance of trade policy, it makes explicit many of the subtleties surrounding policymaking while fully explicating the legal and international context in which trade operates.


Constituent Interests and U.S. Trade Policies

Constituent Interests and U.S. Trade Policies

Author: Alan Verne Deardorff

Publisher: University of Michigan Press

Published: 2010-05-25

Total Pages: 341

ISBN-13: 0472023381

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The contributors to this volume, economists and political scientists from academic institutions, the private sector, and the Ways and Means Committee of the U.S. House of Representatives, came together to discuss an important topic in the formation of U.S. international trade policy: the representation of constituent interests. In the resulting volume they address the objectives of groups who participate in the policy process and examine how each group's interests are identified and promoted. They look at what means are used for these purposes, and the extent to which the groups' objectives and behavior conform to how the political economy of trade policy is treated in the economic and political science literature. Further, they discuss how effective each group has been. Each of the book's five parts offers a coherent view of important components of the topic. Part I provides an overview of the normative and political economy approaches to the modeling of trade policies. Part 2 discusses the context of U.S. trade policies. Part 3 deals with the role of sectoral producing interests, including the relationship of trade policy to auto, steel, textile, semiconductor, aircraft, and financial services. Part 4 examines other constituent interests, including the environment, human rights, and the media. Part 5 provides commentary on such issues as the challenges that trade policy poses for the new administration and the 105th Congress. The volume ultimately offers important and more finely articulated questions on how trade policy is formed and implemented. Contributors are Robert E. Baldwin, Jagdish Bhagwati, Douglas A. Brook, Richard O. Cunningham, Jay Culbert, Alan V. Deardorff, I. M. Destler, Daniel Esty, Geza Feketekuty, Harry Freeman, John D. Greenwald, Gene Grossman, Richard L. Hall, Jutta Hennig, John H. Jackson, James A. Levinsohn, Mustafa Mohatarem, Robert Pahre, Richard C. Porter, Gary R. Saxonhouse, Robert E. Scott, T. N. Srinivasan, Robert M. Stern, Joe Stroud, John Sweetland, Raymond Waldmann, Marina v.N. Whitman, and Bruce Wilson. Alan V. Deardorff and Robert M. Stern are Professors of Economics and Public Policy, University of Michigan.


Quiet Pioneering

Quiet Pioneering

Author: Keith Eugene Maskus

Publisher: University of Michigan Press

Published: 1997

Total Pages: 400

ISBN-13: 9780472108398

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A salute to Stern by his intellectual children and grandchildren