Economic and Strategic Issues in U. S. Foreign Policy

Intro -- Introduction -- Part I. International Competitiveness -- U.S. International Competitiveness in a Changing Global Economy -- 1. What Do We Mean by Competitiveness? -- 2. Indicators of U.S. Economic Performance -- 2.1 Aggregate Trade Balances -- 2.2 Technology and Trade -- 2.3 Investments in Science and Technology -- 2.4 U.S. Shares in Global Markets -- 2.5 Wage Trends -- 2.6 Trends in Growth -- 2.7 Growth of Service Employment -- 3. Macroeconomic Roots of the U.S. Trade Deficit -- 3.1 The Role of the U.S. Deficit -- 3.2 Supply of Foreign Funds -- 3.3 Stock Adjustments and Continuing Flows -- 3.4 Correcting the Aggregate Imbalance -- 3.5 Taxing Capital Imports -- 4. Looking Ahead -- Structural Impediments to International Competitiveness of U.S. Manufacturing -- 1. Contours of the Domestic Market Growth Path -- 2. Sources of Crisis -- 3. Structural Impediments to Adaptation -- 3.1 Keynesian Demand Management -- 3.2 Savings Habits -- 3.3 Education -- 3.4 Anti-Trust Laws -- 3.5 Financial System -- 3.6 Economic Regulation -- 3.7 Job-Control Unionism -- 3.8 Supplier-Assembler Relations -- 4. Fragility of the Efforts for Change -- 4.1 Demise of Job-Control Unionism -- 4.2 Intra-Industry Cooperation -- 4.3 Southern Trends -- 5. Conclusion -- Japan-U.S. Relations: The 1980s and Beyond -- 1. 1981-1987: Creating a Crisis -- 2. Looking Ahead: Three Perspectives on U.S.-Japan Relations -- Part II. The Shaping of Foreign Trade Policy -- The "Interaction Mechanism" Between Congress and the President in Making U.S. Foreign Trade Policy -- 1. The Development of the "Interaction Mechanism" -- 1.1 The Legacy of Smoot-Hawley: A Warning for Decades to Come -- 1.2 Bilateralism and Reciprocity: 1934-1945 -- 1.3 The Hegemonic Period: 1945-1962 -- 1.4 The Kennedy Round: 1962-1967 -- 1.5 The "Interaction Mechanism" at the End of the Kennedy Round.