This book reprints 18 essays selected from almost 30 years of work by the author as a high level official at the UN Conference on Trade and Development, the US Treasury Department and the World Bank. These essays report some of the core analytical thinking behind positions taken by these agencies on major issues in international trade policy: e.g. the shift of view on "trade and development" from the presumption that developing countries should receive "special and differential treatment" to today's view that they should aggressively exploit opportunities that international trade offers. Other essays report analytical work at the US Treasury Department on proposals in the 1970s for a "New International Economic Order" - findings that supported the more conservative line that the US government eventually took, even though the Kissinger State Department urged a more accommodating line. Some essays are highly critical, e.g. of antidumping and its use by developing countries as well as by the United States, of the GATT/WTO system itself as a template for economic policy.
Scholars and students interested in how the GATT/WTO works as a policy making system should find this collection revealing as should readers interested in a way to evaluate the impact of antidumping (and other "trade remedies") on the national economic system and on how to construct policy mechanisms that more effectively bring the interests of all US citizens into the making of US trade policy. In addition, many of these essays are useful for courses in international economics, international relations and policy science.
Part 1 Tariffs and other instruments of import policy: GATT tariff concessions and the exports of developing countries -United States concessions at the Dillon round; effects of the Kennedy round tariff concessions on the exports of developing countries; tariff provisions for offshore assembly and the export earnings of developing countries; trade and domestic effects of the offshore assembly provision in the United States tariff. Part 2 The new international economic order: the processing of primary commodities - effects of developed country tariff escalation and developing country export taxes, Stephen S. Golub; the compensatory finance facility and export stabilization, Dean A. DeRosa; the economics of commodity agreements - a skeptical view. Part 3 Administered protection: the political economy of administered protection, H. Keith Hall and Douglas R. Nelson; dumping and antidumping - the rhetoric and the reality of protection in industrial countries; should developing countries introduce antidumping? never; incorporating the gains from trade into policy. Part 4 How the GATT works: protectionist rules and internationalist discretion in the making of national trade policy; trade liberalization - a public choice perspective; the meaning of "unfair" in United States import policy. Part 5 Developing countries in the GATT/WTO: development economics and the General Agreement on Tariffs and Trade; what can the WTO do for developing countries?, L. Alan Winters; implementation or Uruguay round commitments - the development challenge, Philip Schuler. Part 6 Conclusion: policy research.
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