An Overview of the Modeling of the Choices and Consequences of U.S. Trade Policies

Alan Deardorff and Robert Stern

Chapter 7 in Globalization and International Trade Policies, 2009, pp 211-248 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionIssues of Policy Design and ChoiceThe Normative Approach to Policy MakingThe Political Economy Approach to Policy MakingThe Transaction-Cost Approach to Policy MakingEmpirical EvidenceThe Normative ApproachThe Political Economy ApproachRepresentation of Constituent InterestsStructure of the U.S. Trade-Policy ProcessModeling U.S. Trade PoliciesNormative ApproachPolitical Economy ApproachThe Transaction-Cost ApproachWhat Can Be Learned from the U.S. Trade-Policy Experiences in the Fifty Years Since World War II?Conclusions and Implications for Research and PolicyStudy QuestionsReferencesSuggested Further Reading

Keywords: Globalization; International Trade; International Finance; Trading Arrangements; WTO (search for similar items in EconPapers)
JEL-codes: I10 (search for similar items in EconPapers)
Date: 2009
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