The Political Economy of U.S. Import Policy

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9780262022323: The Political Economy of U.S. Import Policy
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Although trade-policy issues are becoming increasingly important, there is little rigorous analysis of the nature of the decision-making process that includes both economic and political factors. Using public choice theory as a framework, this book explains the manner in which U.S. import policies are determined and analyzes the types of economic and political factors that affect the policymaking of the Congress, the International Trade Commission, and the President and his advisors.

The book's discussion of Congress focuses on the formulation and implementation of the Trade Act of 1974, in which Congress regained some of the trade-policy powers that it had delegated to the President. It explores both the appointment and decision-making process in the ITC, and statistically analyzes the factors influencing the President's acceptance of the ITC's findings in import relief cases and tests various hypotheses designed to explain interindustry variations in the tariff cuts offered by the United States in the Tokyo Round of multilateral trade negotiations.

Baldwin finds serious fault in the interactive policymaking of the Congress, ITC, and the Executive Branch. In a concluding chapter he makes recommendations concerning the decision-making process in import injury cases and in antidumping and countervailing duty petitions, the appointment and the budgeting process for the ITC, and the interaction of the President and the Congress in multilateral trade negotiations.

Robert E. Baldwin is Hilldale Professor of Economics, University of Wisconsin-Madison.

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About the Author:

Robert E. Baldwin is Hilldale Professor Emeritus in the Department of Economics at the University of Wisconsin-Madison. He is the author or coauthor of many books, including most recently The Decline of US Labor Unions and the Role of Trade. He is a Fellow of the American Academy of Arts and Sciences, a Research Associate at the National Bureau of Economic Research and a member of the Council on Foreign Relations.

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"Robert Baldwin is the leading economic analyst of the political economy of protection. This book will be invaluable to all serious observers who want to understand the interaction of politicians, procedures, voters, and underlying economic forces in determining American trade policy."
- Anne O. Krueger, the World Bank and the University of Minnesota

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Baldwin, Robert E.
Published by The MIT Press (1986)
ISBN 10: 026202232X ISBN 13: 9780262022323
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Robert E. Baldwin
Published by The MIT Press (1986)
ISBN 10: 026202232X ISBN 13: 9780262022323
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