Description: Preface Acknowledgments List of Abbreviations Part 1: Angles of Vision 1. The Tension between the "Is" and the "Should Be" The Normative Approach The Positive Approach: A Political Analysis Interest Group Politics Who Does What (and to Whom) in Washington Political Contributions and Interest Groups Rent Extraction The Role of Political Parties Limits to Political Analysis 2. The Role of Statecraft in Resolving the Tension The Presidency, the Executive Branch, and the Congress Implementing Statecraft Strategies A Closer Look at the Private Sector Statecraft in Search of Normative Goals Interest Groups and Public Discourse Openness, Productivity, and Per Capita Income 3. Political Dimensions of Trade Policy Political Analysis The Institutional Setting of Interest Group Politics The Influence of Different Kinds of Interest Groups 4. Normative Dimensions of Trade Policy The Case for Eliminating Trade Barriers: Comparative Advantage Intraindustry Trade The Benefits of Opening Economies to Trade Qualifications to the Case for Free Trade? The Current State of Play Part 2: Trade Strategies and Issues 5. Opening Foreign Markets The 301 Process Sanctions as the Achilles' Hell of 301 The Semiconductor Agreement Example Market Access in the Uruguay Round: Procurement and Agriculture 6. Trade in Services The Nature of Trade in Services The Search for Services Trade Liberalization From GATT to GATS Financial and Telecommunications Services The Path Ahead 7. The Regional Strategy for Opening Markets Regional Trade Agreements Today The Case for and against RTAs: Trade Creations and Diversion Rent Seeking in the Trade Creation/Diversion Equation The Third-Country Effect Interest Groups and NAFTA 8. The Janus Faces of Fairness From Protectionism to Fairness Antidumping Proceedings in Actual Practice Antidumping in a Statecraft Perspective The Semiconductor Agreement, Part II Larger Implications of the Antidumping Law Part 3: Investment and Finance in a Globalizing World 9. Private Foreign Investment Perspectives on FDI Investment as a Driver of Trade Restrictions on Investment as Restrictions on Trade: TRIMS The Failed OECD MAI Effort US Policy toward Inward Investment US Options in Investment Negotiations 10. The Diversity of Monetary and Financial Issues The Moving Theater of Monetary and Financial Issues Exchange Rates and Patterns of Trade Exchange Rates and Trade Compared Managing Exchange Rates 11. The International Monetary System Exchange Rate and Reserve Systems A Political Analysis of US International Monetary Policy The Key Currency Role of the Dollar 12. The International Financial System Underdevelopment in Developing Countries The Asian Financial Crisis The Bailout Issue and Prospective Reforms Policy Issues after the Asian Crisis US Decision Making in International Finance Part 4: Irrepressible New Issues 13. Labor Standards and the Environment Trade and Labor Standards Trade and the Environment 14. Trade in Information The Nature of Information Information Issues The Uruguay Round TRIPs Agreement Subsidies to High Technology 15. Cross-Border Flows of People US Immigration Policy in Historical Perspective Immigration Today An Economic Approach to Immigration Policy The Consequences of Present Policy Short-Term Entrants Reprise Notes Bibliography Index

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