Fairness in the World Economy: US Perspectives on International Trade Relations
In an international context, fairness is particularly important, since only a system which is perceived by its participants as fair can command acceptance and compliance. The main focus of this study is to investigate the development of the notion of fairness in US trade policy and law as well as the impact this notion has on international trade discussions and rule-making, and especially on the formation of the multilateral trade regime.The contention of the author, Americo Beviglia Zampetti, is that fairness concerns, which have been present in the US trade policy debates and treaty practice since the Republic's inception, have contributed to shaping these debates and practice over the years, both at home and abroad. These concerns were finally thrust upon the international scene through inclusion in the multilateral trade regime after World War II. As such, the book forms part of the broader debate over the costs and benefits of globalization. The methodological approach chosen is that of an 'intellectual history', which seeks to understand the origin of a particular idea, trace its trajectory within the international trade policy discourse and evaluate its impact on policy and regime formation. Fairness in the World Economy will be a fascinating and insightful read for academics, students, researchers and policymakers with an interest in international trade issues as well as international affairs, relations and economics.
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Rethinking fairness in the evolution of the international trade
in search of a meaning
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accepted action advantage agreements American applied approach authority behaviour benefits clause commercial competition concept concerns concessions Congress considered contracting contribution cooperation costs create debate Democratic developing countries discrimination distribution domestic duties economic effect ensure equality equality of treatment established exchange existing export fairness favour foreign GATT granted human ideas important increase individual industry injury instance institutions interests international trade issue Journal justice legislation liberalization means measures moral natural necessary negotiations norms objective particular parties play political practices President principle production protection rates reciprocity reduction reference regard regime relations remained Republican respect restrictions result Review role rules safeguard share social society specific subsidies tariff Theory trade policy treatment treaty unfair United University Press World York