New Trade Issues

Stuart K. Tucker

Chapter 12 in Trade Policies towards Developing Countries, 1993, pp 172-181 from Palgrave Macmillan

Abstract: Abstract Perhaps out of a sense of US impotence in the macroeconomic sphere, a number of new initiaves have been thrust forward to assist US international commerce. Free trade area initiatives arose from a sense of frustration with the enforcement mechanisms of the GATT system. Proposals for services and intellectual property rights reflect the emerging strength of US high-technology and service-oriented companies in US politics as well as within the international economy, while also showing the unwillingness of manufacturing industries to take the lead in opening up trade. Workers’ rights legislation reflects the concern for human rights which is prevalent in American foreign policy combined with new fears for the low-skilled US manufacturing workers who were affected by stiff import competition during the 1980s. Congressional efforts to place conditions on financial flows to multilateral agencies (to the effect that the foreign aid should not damage US industries) increased dramatically as companies and farmers faced stiffer international competition in the 1980s. The investment plans of developing countries are being scrutinised for their potential to increase US capital goods exports.

Keywords: Intellectual Property; Dispute Settlement; Intellectual Property Right; Uruguay Round; World Intellectual Property Organization (search for similar items in EconPapers)
Date: 1993
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DOI: 10.1007/978-1-349-22982-6_12

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