Reciprocity, U.S. Trade Policy, and the GATT Regime / Carolyn Rhodes.

Format:

Book

Author/Creator:

Rhodes, Carolyn, Author.

Language:

English

Physical Description:

1 online resource (256 p.)

Edition:

1st ed.

Place of Publication:

Ithaca, NY : Cornell University Press, [2019]

Language Note:

In English.

Summary:

In this book Carolyn Rhodes examines the origins and impact of one concept in the history of U.S. foreign economic policymaking. She argues that reciprocity—targeted retaliation against noncooperative actions by trading partners and specific rewards for cooperation—is a relatively effective way of establishing and maintaining an open international trading regime.In re-assessing American trade policy, Rhodes maintains that policy failures before 1934 were more the result of illiberalism than of strict reciprocity and that the Roosevelt administrations retained the principle of reciprocity in order to pre serve fair trade. She shows that the practice of reciprocity was enshrined in the postwar General Agreement on Tariffs and Trade even though it can violate the norm of non-discrimination and, further, that reciprocity has proved essential to effective trade bargaining under the aegis of the GATT. In detailed accounts of the management of international trade in steel, automobiles, and wheat flour, she evaluates the effectiveness of reciprocity as a principle on which to base trade policy.

Contents:

Frontmatter

Contents

Tables

Preface

1. Reciprocity and Cooperation in Trade

2. Liberal Lore: Experience and Myth about Reciprocity, 1880-1933

3. The Reciprocal Trade Act and the Origin of the GATT

4. GATT Norms, Retaliation, and Dispute Settlement

5. U.S. Trade Relations in Steel

6. U.S. Trade Relations in Automobiles

7. U.S. Trade Relations in Wheat Flour

8. Reciprocity in U.S. Trade Relations

Index

Notes:

Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jul 2020)

ISBN:

1-5017-3893-3

OCLC:

1178770296