First published in 1999, this volume examines Soviet-American relations with a specific emphasis on the American use of trade pressure in comparison with Soviet involvement in regional conflicts, in contrast to a broader East-West dichotomous analysis. Mohammed Ishaq addresses the history of the political and economic partnership, followed by the questions of non-strategic trade, strategic trade, Soviet policy on human rights and Soviet involvement in the Third World and regional conflicts. In doing so, Ishaq recognises the use of trade pressure as economic statecraft in foreign policy in a reassessment of its effectiveness.
The United States is entering a period of profound uncertainty in the world political economy--an uncertainty which is threatening the liberal economic order that its own statesmen created at the end of the Second World War. The storm surrounding this threat has been ignited by an issue that has divided Americans since the nation's founding: international trade. Is America better off under a liberal trade regime, or would protectionism be more beneficial? The issue divided Alexander Hamilton from Thomas Jefferson, the agrarian south from the industrializing north, and progressives from robber barons in the Gilded Age. In our own times, it has pitted anti-globalization activists and manufacturing workers against both multinational firms and the bulk of the economics profession. Ambassador C. Donald Johnson's The Wealth of a Nation is an authoritative history of the politics of trade in America from the Revolution to the Trump era. Johnson begins by charting the rise and fall of the U.S. protectionist system from the time of Alexander Hamilton to the Smoot-Hawley Tariff of 1930. Challenges to protectionist dominance were frequent and often serious, but the protectionist regime only faded in the wake of the Great Depression. After World War II, America was the primary architect of the liberal rules-based economic order that has dominated the globe for over half a century. Recent years, however, have seen a swelling anti-free trade movement that casts the postwar liberal regime as anti-worker, pro-capital, and--in Donald Trump's view--even anti-American. In this riveting history, Johnson emphasizes the benefits of the postwar free trade regime, but focuses in particular on how it has attempted to advance workers' rights. This analysis of the evolution of American trade policy stresses the critical importance of the multilateral trading system's survival and defines the central political struggle between business and labor in measuring the wealth of a nation.
This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection which addresses salient topics including market distortions, income distribution, and the political process of policy-making. Sections and Contributors Market Distortions, T. N. Srinivasan. Paul A. Samuelson. Paul R. Krugman * Trade and Income Distribution, Douglas A. Irwin. Richard A. Brecher and Ehsan U. Choudri. Robert C. Feenstra and Gordon H. Hanson. Earl L. Grinols * Perspectives on Political Economy, Robert E. Baldwin. Peter Diamond * Models of Political Economy and Trade, Gene M. Grossman and Elhana Helpman. John Douglas Wilson. B. Peter Rosendorff. Arvind Panagariya and Ronald Findlay
American Business and Public Policy is a study of the politics of foreign trade. It challenges fifty years of writ-ing on pressure politics. It includes nine hundred interviews with heads of corporations, including 166 of the 200 largest corporations; another 500 interviews with congressmen, lob-byists, journalists, and opinion leaders; and eight community studies making this book the most intensive survey in print of the politics of business. It is a realistic behavioral examination of a major type of economic decision. The authors introduce their study with a history of the tariff as a political issue in American politics and a history of American tariff legislation in the years from Europe's trade recovery under the Marshall Plan to the challenge of the Common Market. They examine in succession the changing attitudes of the general public and the political actions of the business community, the lobbies, and Congress. American Business and Public Policy is a contribution to social theory in several of its branches. It is a contribution to understanding the business community, to the social psychol-ogy of communication and attitude change, to the study of political behavior in foreign policy. American Business and Public Policy is at once a study of a classic issue in American politics--the tariff; decision-making, particularly the relation of economic to social-psycho-logical theories of behavior; business communication--what businessmen read about world affairs, what effect foreign travel has on them, where they turn for political advice, and how they seek political help; pressure politics, lobbying, and the Congressional process.
How do politics and international economic law interact with each other? Financial crises and shifts in global economic patterns have refocused our attention on how the fingerprints of the "visible hand" can be seen all over the institutions that underpin the rules of globalization. From trade and investment to finance, governments are under pressure to enforce, resist, and re-write international economic law. Lawyers have seldom given enough attention to the influence of politics on law, whereas political scientists have had an on-again, off-again fascination with how the law influences relations among states. This book leads the way toward filling this interdisciplinary gap, through a series of important studies written by leaders in the field on specific problems in international economic relations. The book demonstrates a variety of ways in which the international political-economic nexus may be researched and understood.
Grounded on a series of first-hand interviews with Chinese government officials, this book examines China's accession to the World Trade Organization, providing an 'inside' look at Chinese WTO accession negotiations. Presenting a systematic political economy model in analyzing Beijing's decision-making mechanisms, the book argues that China's WTO policy making is a state-led, leadership driven, and top-down process. Feng explores how China's determined political elite partly bypassed and partly restructured a largely reluctant and resistant bureaucracy, under constant pressure from an increasingly globalized international system. By addressing China's accession to the WTO from a political analysis perspective, the book provides a theoretically informed and intriguing examination of China's foreign economic policy making regime. The book highlights contemporary debates relating to state and institutionalist theory and provides new and useful insights into a significant development of this century.
This book examines the political and social impact of the English overseas merchant during this key era of state development. Historians have increasingly recognized the significance of this period as one of commercial and political transition, but relatively little thought has been given to the perspective of the overseas traders, whose activities transended these dynamic arenas. Analsis of the role of merchants in public life highlights their important contribution to England's rise as a commercial power of the first rank, and illuminates the fundamerntal political changes of the time. Case-studies of London, Liverpool, and York reveal the intricate workings of mercantile politics, while studies of the press and Parliament illustrate the increasing prominence of the trader on the national stage. The author's pioneering approach shows how crucial the political accomodation which the merchant class secured with the landed gentry was to the country's success in the eighteenth century.
Energy has been an important element in Moscow’s quest to exert power and influence in its surrounding areas both before and after the collapse of the USSR. With their political independence in 1991, Ukraine, Belarus, and Lithuania also became, virtually overnight, separate energy-poor entities heavily dependent on Russia. This increasingly costly dependency – and elites’ scrambling over associated profits – came to crucially affect not only relations with Russia, but the very nature of post-independence state building. The Politics of Energy Dependency explores why these states were unable to move towards energy diversification. Through extensive field research using previously untapped local-language sources, Margarita M. Balmaceda reveals a complex picture of local elites dealing with the complications of energy dependency and, in the process, affecting the energy security of Europe as a whole. A must-read for anyone interested in Eastern Europe, Russia, and the politics of natural resources, this book reveals the insights gained by looking at post-Soviet development and international relations issues not only from a Moscow-centered perspective, but from that of individual actors in other states.
