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New Trade Issues

In: Trade Policies towards Developing Countries

Author

Listed:
  • Stuart K. Tucker

Abstract

Perhaps out of a sense of US impotence in the macroeconomic sphere, a number of new initiaves have been thrust forward to assist US international commerce. Free trade area initiatives arose from a sense of frustration with the enforcement mechanisms of the GATT system. Proposals for services and intellectual property rights reflect the emerging strength of US high-technology and service-oriented companies in US politics as well as within the international economy, while also showing the unwillingness of manufacturing industries to take the lead in opening up trade. Workers’ rights legislation reflects the concern for human rights which is prevalent in American foreign policy combined with new fears for the low-skilled US manufacturing workers who were affected by stiff import competition during the 1980s. Congressional efforts to place conditions on financial flows to multilateral agencies (to the effect that the foreign aid should not damage US industries) increased dramatically as companies and farmers faced stiffer international competition in the 1980s. The investment plans of developing countries are being scrutinised for their potential to increase US capital goods exports.

Suggested Citation

  • Stuart K. Tucker, 1993. "New Trade Issues," Palgrave Macmillan Books, in: Ippei Yamazawa & Akira Hirata (ed.), Trade Policies towards Developing Countries, chapter 12, pages 172-181, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22982-6_12
    DOI: 10.1007/978-1-349-22982-6_12
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