U.S. trade, protectionism and the global economic downturn / Andrew J. Caldwel, editor.

Format:

Book

Contributor:

Caldwell, Andrew J.

Series:

Global economic studies (Nova Science Publishers)

Global economic studies

Language:

English

Subjects (All):

Balance of trade--United States.

Balance of trade.

Protectionism--United States.

Protectionism.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (146 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Inc., c2010.

Language Note:

English

Summary:

The U.S. trade deficit is shrinking primarily because the global financial crisis is causing exports to drop faster than imports. This book develops three scenarios to approximate different dimensions of the relationship between the global economic downturn and protectionism, and reviews why the trade deficit is shrinking so much.

Contents:

Intro

U.S. TRADE, PROTECTIONISM AND THE GLOBAL ECONOMIC DOWNTURN

CONTENTS

PREFACE

Chapter 1 GLOBALIZED SUPPLY CHAINS AND U.S. POLICY

SUMMARY

A NEW PARADIGM

GLOBAL SUPPLY CHAINS: MANUFACTURING IN THE 21ST CENTURY

Typical Supply Chains

Business Decisions and the Public Interest

THE PUBLIC POLICY DIMENSION OF GLOBAL SUPPLY CHAINS

Major Policies Affecting Global Supply Chains

Taxation

Trade and investment policy

Labor and health care costs

Labor costs

Health care costs

Environmental regulation

Currencies and exchange rates

Infrastructure and transportation

Scanning

Logistics security in China

Product and food safety

Education and training

Protection of intellectual property

Risks

Fiscal, monetary, and industrial policies

Policy Review Mechanisms

CONCLUSION

End Notes

Chapter 2 THE GLOBAL ECONOMIC DOWNTURN AND PROTECTIONISM

INTRODUCTION

LOW IMPACT SCENARIO: FIREWALLS HOLD AS WTO RULES AND OBLIGATIONS CONSTRAIN PROTECTIONIST MEASURES

Firewalls against Protectionism

Scorecard of Protective Measures to Date

Proposals Modified

MEDIUM IMPACT SCENARIO: WTO RULES PROVE INADEQUATE, PARTICULARLY FOR SECTOR-SPECIFIC ASSISTANCE, AND TRADING SYSTEM IS WEAKENED

Auto Sector Rescue Programs

Financial Sector Rescue Programs

HIGH IMPACT SCENARIO: WTO RULES ARE VIOLATED, MAJOR TRADE CONFLICTS OCCUR, AND TRADING SYSTEM IS UNDERMINED

Re-balancing Trade Flows

Dealing with Fiscal Stimulus "Free Riders"

Current Account Surplus Countries - Transitioning to Domestic- Led Growth

POLICY CHALLENGES FOR CONGRESS

Coordination and Surveillance of Stimulus Programs

Multilateral Surveillance of Trade Barriers

Management of U.S. Trade Relations.

Responding to requests for protection

Dealing with current account surplus countries

Considering the role of trade liberalization

Chapter 3 U.S. INTERNATIONAL TRADE: TRENDS AND FORECASTS

MOST RECENT DEVELOPMENTS

Trade in Goods

Trade in Services

Trade in Goods and Services

THE U.S. DEFICIT IN INTERNATIONAL TRADE

Savings Shortfalls and the Trade Deficit

Implications of the Trade Deficit

Types of Trade Data

U.S. MERCHANDISE TRADE BALANCE

CURRENT ACCOUNT BALANCE

FORECASTS

U.S. TRADE WITH SELECTED NATIONS

ADVANCED TECHNOLOGY, AUTOS, AND OIL

SOME COMMON PERCEPTIONS

Is the Trade Deficit at a Dangerous Level?

IS TRADE WITH CHINA MERELY REPLACING THAT WITH SOUTHEAST ASIA?

INTERNATIONAL TRADE STATISTICS WEB RESOURCES

CHAPTER SOURCES

INDEX

Blank Page.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-61668-512-3

OCLC:

923662449