The Political Economy of International Trade Chapter 5

8/10/99


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Table of Contents

The Political Economy of International Trade Chapter 5

EU-US and Beef

US Targets EU

Trade Policy and Politics

Instruments of Trade Policy Tariffs

Instruments of Trade Policy Subsidies

Subsidies (Cash Value)

Subsidies to EC Manufacturers (Percent of Value Added)

Instruments of Trade Policy Import Quotas and Voluntary Export Restraints

Results of Japanese VERs

Instruments of Trade Policy Local Content Requirements

Instruments of Trade Policy Antidumping Policies

Instruments of Trade Policy Administrative Policies

Annual Cost to American Consumers for Import Protection

Political Arguments for Intervention

PPT Slide

Retaliation US Trade Sanctions

Retaliation Helms-Burton Act

Economic Arguments for Intervention

PPT Slide

Development of the World Trading System

World War I to World War II 1918 - 1939

General Agreement on Tariffs and Trade

GATT

GATT Negotiating Rounds

Average Reduction in US Tariff Rates 1947 - 85

GATT- Disturbing Trends 1980 - 1990s

PPT Slide

Leading Exporters of Services

GATT Criticisms

Impact of GATT

PPT Slide

WTO -World Policeman?

WTO - Leading Victories

Sovereignty an Issue?

Author: Richard Hall