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Trade Policy and Corporate Business Decisions$
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Tamir Agmon and Christine R. Hekman

Print publication date: 1990

Print ISBN-13: 9780195055382

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195055382.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use.date: 03 July 2022

United States Trade Policy: Underlying Forces for Stability

United States Trade Policy: Underlying Forces for Stability

(p.30) 3 United States Trade Policy: Underlying Forces for Stability
Trade Policy and Corporate Business Decisions

John Odell

Thomas D. Willett

Oxford University Press

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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