The Political Economy of American Trade Policy (Hardcover) (ISBN-13: 9780226454894)

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.


Author: Anne O. Krueger
ISBN-10: 0226454894
ISBN-13: 9780226454894
Publisher: University of Chicago Press
Language: English
Published: 02/15/1996
Pages: 470
Format: Hardcover
Weight: 1.75lbs
Size: 9.32h x 6.36w x 1.22d