United States Trade Policy: Underlying Forces for Stability
United States Trade Policy: Underlying Forces for Stability
In this chapter the author presents some historical background and conclusions about recent political economic analysis, which the author believes are essential for interpreting current trade policy developments. It is also said that United States trade policy has entered a new era of protectionalism. This is seen from some of the trade restrictions adopted by the United States over the past two decades, especially the use of economic sanctions for foreign policy reasons. It reflects as such modern mercantilism; most of the important trade restrictions have reflected the ability of some interest groups to generate protection for a particular sector against the desires of the Executive branch.
Keywords: protectionalism, economic sanctions, mercantilism, restrictions, policy developments
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