U.S. Trade Polio: History, Theory, and the WTO

By Waits, Caron Richard | Journal of Economic Issues, March 2005 | Go to article overview

U.S. Trade Polio: History, Theory, and the WTO


Waits, Caron Richard, Journal of Economic Issues


U.S. Trade Polio: History, Theory, and the WTO, 2d ed., by William A. Lovett, Alfred E. Eckes, Jr., and Richard L. Brinkman. Armonk, N.Y., and London: M. E. Sharpe. 2004. Paper, ISBN 0765613085, $25.95. 236 pages, bibliography, and index.

This book consists of a series of five essays by three authors each of whom has a unique set of concerns regarding United States international economic policy. The first edition of this book was not available to this reviewer so that he cannot offer an appraisal of the differences between the two editions. The lead author is Professor Lovett, who is a lawyer with advanced degrees in economics. He currently is Joseph Merrick Jones Professor of Law and Economics at Tulane University Law School, and he is the author of an extensive list of publications on the subject of international trade and possessed of extensive experience in many parts of the world.

The second author, Professor Eckes, holds an M.A. degree in Law and Diplomacy and a Ph.D. in history. He is currently Ohio Eminent Research Professor in Contemporary History at Ohio University. Professor Eckes has written extensively on the subject of international trade policy and also has benefited from extensive experiences in the execution of international trade policy.

Professor Brinkman has degrees in Biology, Economics, and Law and Diplomacy and currently teaches at Portland State University. His publications also include a variety of articles and books on topics including trade policy.

The first and fifth of these articles were written by William Lovett, the second by Alfred Eckes, and the third and fourth by Richard Brinkman. The disparate vantage points of these three authors make it uncomfortably difficult to find a unified direction for the book as a whole. Each author seems to be concentrating on failures of United States international economic policy which began in the preconstitutional period in U.S. history and which continue to plague U.S. policy to the present day. Current policy and current treaty arrangements come in for a considerable amount of negative evaluation. Many of these negative evaluations seem to be predicated on the assumption that United States trade policy has, for most of its history, suffered from a "naive faith in laissez-faire." Not all of us will agree with that assessment what with tying contracts, tax advantages, aggressive tariff negotiations, and many other "interferences" with free markets across national boundaries by the United States government as well as by private interests.

This passage from the preface to the book does much to set the tone of the arguments raised in the essays that follow (p. xi): "Excessive trade imbalances, heavy debt burdens, and speculative capital flows are problems for many countries, and they erode the good order and prosperity of the world economy, too. Thus, a healthier global economy requires reasonable efforts by individual nations to live within their means, avoid excessive budget and external deficits, and correct serious imbalance problems." This erosion has occurred, they say, for the U.S. trade as well as for the trade of other countries and result apparently from counterproductive macroeconomic policies as well as specific trade policies. From this point, the authors proceed to express considerable distaste for international institutions which were designed to manage the pattern of international trade. The ultimate responsibility for the management of a country's trade in a beneficial way still depends on policies designed by the country, itself, given the arguments in this book. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

U.S. Trade Polio: History, Theory, and the WTO
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.