Dilemmas Of International Trade Second Edition [Paperback]

In the post-Cold War world, trade is the new arena for competition-between nations, between groups, between ethical and theoretical ideas. In this revised and updated second edition of Dilemmas of International Trade political economist Bruce Moon puts contemporary trade events--NAFTA, United States-Japan controversies, the Uruguay Round of GATT, China's Most Favored Nation status, the founding of the World Trade Organization--into historical and theoretical perspective with the British Corn Laws, the Great Depression, the Bretton Woods system, and the origins of the European Union. Economic theory, terms, and concepts are clearly explained and contextualized with those from international relations.Throughout the book, three central dilemmas are examined: the unequal distribution of income and wealth created by international trade, the tradeoff among competing values that trade requires, and the difficult interrelationship between economic and foreign policy goals within and among trading nations. Though internationally framed, each dilemma has ramifications at a variety of levels all the way down to the individual's role in the global economy-as a consumer, as a citizen, and ultimately as a moral agent.* List of Illustrations * Acknowledgments * List of Acronyms * 1. Trade and Trade Issues * The Themes of the Book * The Importance of Trade * Concerns about the Trade Balance * Policy Alternatives * Free Trade and the Search for Competitiveness * Export Promotion and Industrial Policy * Forms of Import Restrictions * International Cooperation to Stimulate Trade * The Dilemmas of International Trade * The Distributional Dilemma * The Values Dilemma * The State Goals Dilemma * Choices for the Individual * Conclusion: Choosing a Trade Policy * 2. The Theoretical and Historical Origins of Trade Issues * Liberalism and Mercantilism * Mercantilist Trade Policy * The Corn Laws * The Roots of Mercantilism * The Demise of Mercantilism and the Birth of Liberalism * The Rise oflÒ