Chap016 - Chapter 16 Political Economy and U.S Trade Policy...

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Chapter 16 – Political Economy and U.S. Trade Policy CHAPTER 16 POLITICAL ECONOMY AND U.S. TRADE POLICY Learning Objectives: To comprehend several basic concepts of the political economy of economic policy. To understand critical developments in the history of multilateral trade negotiations. To become familiar with recent trade policy issues. To increase awareness of ongoing U.S. trade policy developments. I. Outline Introduction - Contrasting Vignettes on Trade Policy The Political Economy of Trade Policy - The Self-Interest Approach to Trade Policy - The Social Objectives Approach - An Overview of the Political Science Take on Trade Policy - Baldwin’s Integrative Framework for Analyzing Trade Policy A Review of U.S. Trade Policy - Reciprocal Trade Agreements and Early GATT Rounds - The Kennedy Round of Trade Negotiations - The Tokyo Round of Trade Negotiations - The Uruguay Round of Trade Negotiations - Trade Policy Issues after the Uruguay Round - The Doha Development Agenda - Recent U.S. Actions Concluding Observations on Trade Policy - The Conduct of Trade Policy - Empirical Work on Political Economy Summary II. Special Chapter Features In The Real World: Politics Puts the Squeeze on Tomato Imports In The Real World: The Determinants of Trade Adjustment Assistance In The Real World: Welfare Effects of Price Distortions in Selected Countries In The Real World: Tariff Reductions Resulting from the Uruguay Round In The Real World: National Sovereignty and the World Trade Organization In The Real World: Restraints on U.S. Steel Imports 16-1
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Chapter 16 – Political Economy and U.S. Trade Policy III. Purpose of Chapter The purpose of this chapter is two-fold. The first purpose is to introduce students to the political economy of trade policy, and the second is to provide an overview of contemporary U.S. trade policy, focusing on recent developments. IV. Teaching Tips A. We have found that students are very interested in the current politics of trade policy and in identifying which groups are currently actively lobbying for changes in trade policy. Beginning this section with a discussion of several of the current political issues and some of the underlying bases for the political economy of trade policy often will stimulate student interest in reading further about key economic and political issues that have influenced recent trade negotiations. B. Since much of this chapter is primarily descriptive/historical in nature, it can be assigned to provide some institutional background to the course and can be left primarily for the students to read on their own. C. If you have a particular interest in this topic area and wish to devote class time to it, a more thorough and rigorous focus on one or two current trade policy issues will help the material become more alive to the students. We have also found that assigning different groups of students particular roles and then having them carry on a short trade policy debate in class is very effective way to stimulate interest in the topic. D.
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This note was uploaded on 11/27/2009 for the course ECON 421 taught by Professor Macphee,c during the Spring '08 term at UNL.

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Chap016 - Chapter 16 Political Economy and U.S Trade Policy...

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