By Alan Verne Deardorff, Robert Mitchell Stern
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Extra resources for Constituent Interests and U.S. Trade Policies (Studies in International Economics)
Example text
Interest groups have tremendous potential to do both good and ill to society at large, and which of these they do depends not only on their motives but also on the constraints and incentives that they face. Trade policies, especially, seem to offer unusual potential for unintended adverse consequences, and the institutional framework for trade policy can be designed to avoid those consequences or not. And yet, without understanding the motives and means of the interest groups affected, we cannot hope to design those institutions to foster positive outcomes.
However, he notes that there has been a definite erosion in the political support for freer trade in both the newly elected House and Senate, and this does not portend well for controversial legislation such as the renewal of fast track authority. Wilson sees China as representing the most significant trade issue facing the United States in the next several years. S. imports from China. II. What Have (or Haven't) We Learned? When we organized this conference, our hope was to learn more about how international trade policy is really formulated in the United States.
Finally, Jackson calls attention to the important roles that institutions and constitutions play and how they can be utilized to attain welfare enhancing results. N. S. trade, trade policy, and challenges for the new administration. She identifies three challenges. The first involves regional issues relating to Latin America and Asia. Both Presidents Bush and Clinton had earlier promised an expansion of NAFTA, and it was widely expected that Chile would be the first to qualify. However, the Clinton Administration experienced difficulty in getting the Congress to go along, so that Chile's entry has been put on hold.