The Political Economy of Trade Protection (National Bureau by Anne O. Krueger

By Anne O. Krueger

This transparent, concise precis of the in-depth analyses awarded within the Political financial system of yank exchange coverage examines the extent, shape, and evolution of yank exchange protection.In case experiences of alternate limitations imposed in the course of the Eighties to assist the metal, semiconductor, vehicle, lumber, wheat, and fabric and clothing industries, the participants hint the evolution of efforts to procure defense, protectionist measures, and their effects. A bankruptcy assessing the typical issues that emerge from the reports concludes that the focal point of present exchange legislations is completely at the person protection-seeking industries, with little regard for oblique results on utilizing industries or for shoppers. Reform might usefully take those results into account.This quantity will curiosity policymakers, enterprise executives, and somebody drawn to exchange coverage formula and perform.

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Second, the rising importance of minimills means that steel production is much less geographically concentrated. ” The most important example of such dissension is that of Ken Iverson, CEO of Nucor Steel. Iz Finally, the success of the minimills vis-i-vis both 9. For a comparison of minimill and integrated mill production techniques, see Hogan (1987). 10. Moore (1996). 1I . One recent example concerns the health care reform effort in 1994. Many integrated firms, with large numbers of retired workers.

Hogan, William T. 1987. Minimills and integrated mills: A comparison ofsteel making in the United States. : Lexington Books. House Ways and Means Committee. 1984. S. Steel Industry. Serial 98-93. , William A. Noeller, and Alan Wm. Wolfe. 1988. Steel and the state: Government intervention and steel 5 structural crisis. : Westview Press. International Iron and Steel Institute. 1991. Steel statistical yearbook. Brussels: International Iron and Steel Institute. Moore, Michael 0. 1996. Steel protection in the 1980s: The waning influence of big steel?

NBER Worlung Paper no. 4760. In The political economy qf American trade policy, ed. Anne 0. Krueger. Chicago: University of Chicago Press, forthcoming. Tsoukalis, Loukas, and Robert Strauss. 1985. Crisis and adjustment in European steel: Beyond hisser faire. Journal of Common Market Studies 23, no. 3:207-28. S. International Trade Commission (ITC). 1984. Carbon and certain alloy steel products. USITC Publication no. 15513. S. Government Printing Office. 1993. Certuinjat-rolled carbon steel products from Argentina, Australia, Austria, Belgium, Brazil, Canada, Finland, France, Germany, Italy, Mexico, Netherlands, New Zealand, Poland, Romania, Spain, Sweden, and the United Kingdom.

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