Exploring the political and economic determinants of trade protection, this study provides a wealth of information on key American industries and documents the process of seeking and conferring protection. Eight analytical histories of the automobile, steel, semiconductor, lumber, wheat, and...

Key Features:Focuses on the successes of globalization and some of the main economic policy challenges and solutions that arise to enhance the benefits and lower the costsCovers multilateral international organizations, namely the World Trade Organization, the IMF and the World Bank.

That the global economy has been hugely successful over the past 50 years is unquestionable. A major underpinning of that success has been the open multilateral system, which has enabled the emergence of a truly international financial system, reciprocal reduction of trade barriers, and the...

Ever since development economics became a field, there has been a search for “the” key to development. Physical capital accumulation, human capital, industrial development, institutional quality, social capital, and a variety of other factors have been the focus at one time or another. As...

Protectionism constitutes a double threat. It can make recovery from the recession slower and reduce the growth potential of the international economy once recovery has taken hold.

This paper was originally prepared as part of the first stage of the research project, Alternative Trade Strategies and Employment. The project as a whole is focused upon identifying the relationships between alternative trade strategies -- export promotion and import substitution -- and growth...