An Interim Assessment of the U.S. Trade Policy of “Competitive Liberalization”
AbstractSince taking office the Administration of George W. Bush has pursued a trade policy known as Competitive Liberalization. This policy envisages a series of mutually-reinforcing steps to open markets abroad to U.S. companies, to strengthen market-oriented laws and regulations overseas, and to place the U.S. at the centre of the world trading system. Foreign and security policy considerations have influenced U.S. trade policymaking, perhaps more so than in the 1990s. To date the principal outcome of this policy has been the negotiation by the U.S. of numerous free trade agreements, mainly with developing countries individually or in subregional groupings. In addition to characterising this policy in detail, the principal purpose of this paper is to assess the logic underlying this approach to trade policymaking and whether Competitive Liberalization has begun to fulfil the promise spelt out for it at the beginning of this decade.
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Bibliographic InfoPaper provided by Department of Economics, University of St. Gallen in its series University of St. Gallen Department of Economics working paper series 2007 with number 2007-18.
Length: 34 pages
Date of creation: Feb 2007
Date of revision:
United States; trade policy; commercial policy; Competitive Liberalization; WTO; regional trade agreements;
Other versions of this item:
- Simon J. Evenett & Michael Meier, 2008. "An Interim Assessment of the US Trade Policy of 'Competitive Liberalization'," The World Economy, Wiley Blackwell, vol. 31(1), pages 31-66, 01.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
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- Chauffour, Jean-Pierre & Maur, Jean-Christophe, 2010. "Beyond market access : the new normal of preferential trade agreements," Policy Research Working Paper Series 5454, The World Bank.
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