Regulation of world trade is beyond the control of any one nation. Moreover, Western capitalism is losing its influence in trade negotiations. Policy makers must be alerted to these changes and adjust to them creatively. Fischer argues that the United States needs allies in the new era of world trade, that the private sector is increasingly influential in driving the world trade agenda, and that trade globalization creates a new paradigm that supplants traditional national competition.
This work traces the history and background of the once great American consumer electronics manufacturing industry, an industry that was plagued and finally destroyed by an American-Japanese cartel subverting enforcement of our traditional trade laws. The work is not a "Japan-bashing" diatribe, but a call for changes in Washington, and a return to free trade in our domestic and foreign commerce.
Giving both the U.S. and Japanese viewpoints, this volume analyzes the friction in telecommunications trade between the United States and Japan and the consequent imposition of the Super 301 clause on Japan. Analyzing trade in telecommunications, the work traces the events that led to the Super 301 clause and the Strategic Impediments Initiatives. It also provides an in-depth analysis of GATT issues and what may be expected from the current Uruguay Round. Telecommunications deregulation and privatization in both countries are carefully assessed, as are the social, political, and cultural implications of the trade conflict.
Three central dilemmas are explained in this book - the unequal distribution of income and wealth created by international trade, the tradeoff among competing values that trade requires, and the relationship between economic and foreign policy goals.
The tariff policies of the 1890-1922 led to the development of tariff rates that launched the United States on a path that led to later trade wars. The Republican Party and Porter McCumber took the lead in promoting these policies, claiming that the tariff would protect new and struggling industries. In many instances, items subjected to high tariffs were not in conflict with industries in the United States. In addition, although the tariff covered agricultural products, it was not sufficient to halt an agricultural decline. This work traces the course of U.S. policy through five tariffs which preceded the Fordney-McCumber tariff of 1922, when the tariff was used for both protection and revenue. McCumber's economic nationalism combined with his internationalism in other areas is detailed in the work.