Description
Book SynopsisInternational trade and trade policy have become increasingly important and complex in recent years. In this comprehensive introduction to the key aspects of international trade policy, noted authority Anne O. Krueger explains what has happened and why these issues are so difficult. With evidence-based analysis and an even-handed approach, International Trade: What Everyone Needs to Know lays the foundation to understand what trade does and does not do. Focusing on the importance of trade in both goods and services, Krueger explores the effects of various trade policies step-by-step and demonstrates why economists generally support free trade. Krueger considers the historical experience, highlighting how technological changes and reduction of trade barriers helped transform the world economy. Tariffs, antidumping and countervailing duties, government procurement policies, preferential trading arrangements, trade with developing countries and emerging markets, and the World Trade Organi
Trade ReviewSumming up, policymakers around the world would do well to have a copy of Anne Krueger's book and read it: a suggestion that also invites translation to other languages. This contribution is also a natural candidate for inclusion in reading lists of courses focusing on topics such as economic journalism, international trade, globalisation, Trump's policies, applied economic analysis, and international institutions. Most significantly, 'concerned citizens' around the world now have the unique opportunity of learning international trade and the high costs of trade protection from Professor Anne Krueger, one of the sharpest economic minds of our times. * Asian-Pacific Economic Literature *
In International Trade: What Everyone Needs to Know, Anne Krueger of Stanford University, a distinguished international economist, explodes the myths of Mr. Trump's approach. No, one cannot reduce a country's overall trade deficit by attacking bilateral deficits. No, foreign exporters did not bear the cost of the tariffs Mr. Trump imposed. No, the US will not make the Chinese do what it wants by inflicting punishment unilaterally. No, liberal trade is not a plot against America. And no, protectionism was never going to bring back the vanished industrial jobs of the past. * Financial Times *
It is hard to think of any significant aspect of trade policy that is not brilliantly covered in this eminently readable book. Professor Krueger here distills a lifetime of research and real-world experience into a fascinating guidebook covering what every concerned citizen should know about trade history and policy. * Arnold C. Harberger, Gustavus F. and Ann M. Swift Distinguished Service Professor Emeritus in Economics, University of Chicago *
International trade and trade policies affect all consumers, producers and workers and even the fate of nations. Anne Krueger has written that rare gem: a concise, readily accessible volume on a vital topic that needs to be read by newcomers to the field and those needing a refresher course alike. * Michael J. Boskin, Professor of Economics and Hoover Institution Senior Fellow, Stanford University, and Former Chairman of the President's Council of Economic Advisers *
Table of ContentsIntroduction Part 1. The Groundwork Chapter 1. Trade in World History Chapter 2. What is Trade Policy About and Why? Chapter 3. Facts about Trade Part 2. Trade Policy Issues Chapter 4. Why Do Economists Advocate Free Trade? Chapter 5. Nontariff Barriers Chapter 6. Do Trade Deficits Matter: What Should Be Done about Them? Chapter 7. Does Trade Hurt American Jobs? Chapter 8. Currency Manipulation Part 3. What Trade Policy Does Chapter 9. Case Studies of Protection: Steel, Aluminum, Autos, Textiles, and Apparel Chapter 10. Agriculture: Should We Support and Protect Agriculture? Chapter 11. The WTO Chapter 12. Trade Remedy Protection Ads and CVDs Chapter 13. Grey Areas: Defense, Standards, Procurement, Self-sufficiency, Transport (Jones Act) Part 4. Trade Relations and Roles of Countries and Regions Chapter 14. Preferential Trading Arrangements Chapter 15. EU and Brexit Chapter 16. What about NAFTA/MUSCA? Chapter 17. What Happened to the TPP? Chapter 19. What about Trade with China? Chapter 20. Developing Countries and Emerging Markets Part 5. Why We Need an International Order Chapter 21. Helping those Adversely Affected by Trade and Other Events Chapter 22. Political Economy of Trade Policy Chapter 23. Conclusion: Why We Need an International Order
