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How Can Trade Policy Help America Compete?

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  • Robert Z. Lawrence

    ()
    (Peterson Institute for International Economics)

Abstract

America deserves credit for not having succumbed to the global financial crisis by repeating the protectionist mistakes of the 1930s. Nonetheless, since 2007, although lip service has been paid to boosting US exports, its trade policy accomplishments have been modest. This is unfortunate because active trade policies can promote American living standards and facilitate America's return to full employment and sustained growth. These policies can also help to create a global trade order that advances American interests. This policy brief argues that the United States needs new initiatives that discipline foreign practices, increase access to foreign markets, revitalize the World Trade Organization (WTO), improve the administrative and regulatory environment for trade, and assist workers and communities adversely affected by change.

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Paper provided by Peterson Institute for International Economics in its series Policy Briefs with number PB12-21.

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Date of creation: Oct 2012
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Handle: RePEc:iie:pbrief:pb12-21

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  1. Robert Z. Lawrence, 2006. "Rulemaking Amidst Growing Diversity: A Club-of-Clubs Approach to WTO Reform and New Issue Selection," Journal of International Economic Law, Oxford University Press, Oxford University Press, vol. 9(4), pages 823-835, December.
  2. Lawrence Edwards & Robert Z. Lawrence, 2010. "Do Developed and Developing Countries Compete Head to Head in High-tech?," NBER Working Papers 16105, National Bureau of Economic Research, Inc.
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