Trade and American Leadership: The Paradoxes of Power and Wealth from Alexander Hamilton to Donald Trump

From the nation-building of Alexander Hamilton to the trade wars of Donald Trump, trade policy has been a key instrument of American power and wealth. The open trading system that the United States sponsored after the Second World War serves US interests by promoting cooperation and prosperity, but also allows the allies to become more independent and China to rise. The case studies in Trade and American Leadership examine how the value of preferential trade programs is undercut by the multilateral liberalization that the United States promoted for generations, and how trade sanctions tend either to be too economically costly to impose or too modest to matter. These problems are exacerbated by a domestic political system in which the gains from trade are unevenly distributed, power is fragmented, and strategies are easily undermined. Trade and American Leadership places special emphasis on today's challenges, and the rising danger of economic nationalism.

Author: Craig Vangrasstek
Publisher: Cambridge University Press
Published: 01/03/2019
Pages: 500
Binding Type: Hardcover
Weight: 1.80lbs
Size: 9.30h x 6.27w x 1.21d
ISBN: 9781108476959

Review Citation(s):
Choice 07/01/2019

About the Author
Vangrasstek, Craig: - Craig VanGrasstek teaches at the Harvard Kennedy School, Harvard University, Massachusetts, and has previously taught at American University's School of International Service, Georgetown University's School of Foreign Service, the World Trade Institute, and the University of Barcelona. He is the author of The History and Future of the World Trade Organization (2013).