A Policy Plan for the United States

Steven Suranovic

Chapter Chapter 11 in A Moderate Compromise, 2010, pp 241-249 from Palgrave Macmillan

Abstract: Abstract The key policy proposal in this study is unfettered free trade. How is the world supposed to achieve that goal? Currently, movements toward trade liberalization, either through the implementation of free trade agreements or within the WTO, involve a process of reciprocity. Each country agrees to reduce some of its trade barriers, but only if the other countries agree to lower their barriers reciprocally. If other countries refuse to reduce barriers sufficiently, then progress toward liberalization is halted. Furthermore, if another country raises its trade barriers and reneges on a previous promise, current trade agreements allow the other country to retaliate by removing some of its previous trade concessions.

Keywords: Free Trade; Trade Policy; Policy Plan; Trade Liberalization; Free Trade Agreement (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-11460-9_11

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DOI: 10.1057/9780230114609_11

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