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Chasing Phantoms: The Political Economy of USTR

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  • Marcus Noland

    ()
    (Peterson Institute for International Economics)

Abstract

During the last decade the US government has taken numerous bilateral actions intended to reduce other countries' border or internal regulations that were said to restrict US exports, investments, and property rights. Judging from the data for 1994-1993, USTR paid attention to countries with large bilateral trade surpluses with the US, and to those with larger and faster-growing economies, and not particularly to those with higher barriers. Washington actually took greater action, on the other hand, towards those whose identifiable barriers were high. These patterns of behavior do not appear to vary by presidential administration. Japan received more bilateral pressure than its economic characteristics would appear to warrant, but there is little evidence that this pressure had its desired effects. The US achieved greater change in countries whose economies were more dependent on the US market and on issues covered by international rules.

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Bibliographic Info

Paper provided by Peterson Institute for International Economics in its series Working Paper Series with number WP97-1.

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Date of creation: 1997
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Handle: RePEc:iie:wpaper:wp97-1

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Cited by:
  1. kishore gawande & pravin krishna, 2005. "The Political Economy of Trade Policy: Empirical Approaches," International Trade 0503003, EconWPA.
  2. C. Randall Henning, 2007. "Congress, Treasury, and the Accountability of Exchange Rate Policy: How the 1988 Trade Act Should Be Reformed," Working Paper Series WP07-8, Peterson Institute for International Economics.
  3. Byron Gangnes & Craig Parsons, 2004. "Have U.S.-Japan Trade Agreements Made a Difference?," Working Papers 08-2004, Singapore Management University, School of Economics.
  4. Frankel, Jeffrey A & Wei, Shang-Jin, 2007. "Assessing China’s Exchange Rate Regime," CEPR Discussion Papers 6264, C.E.P.R. Discussion Papers.
  5. Theresa M. Greaney, 2004. "Measuring network effects on trade: are Japanese affiliates distinctive?," Hi-Stat Discussion Paper Series d04-57, Institute of Economic Research, Hitotsubashi University.

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