Reshaping Institutional Arrangements for the Trade Policies of the US and their Implications for the Asian Region
0
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
This study analyzes the policy initiatives that have been adopted by the US government since the 1930s. We document the institutional bodies responsible for the implementation of trade policy, as well as the objectives and decision making practices that are associated with policy formation. We also examine the new institutional movement of the Trump Administration’s neo-protectionist “America First” trade policy and its potential impact on the Asian region. Finally, our study examines the recent renegotiation of Korea-US FTA from a perspective of each country’s internal decision making process and discusses a number of issues that have relevant applications for Korea. The results from our analysis show that U.S trade policy show that despite a long period of an open and liberalized trade policy focus, recent neo-protectionist measures by President Trump could lead to potential trade wars and a return to the beggar-thy-neighbor policies of the 1930s. Such an anti-globalization agenda could have dire consequences for export dependent countries in the Asian region.
Abstract
This study analyzes the policy initiatives that have been adopted by the US government since the 1930s. We document the institutional bodies responsible for the implementation of trade policy, as well as the objectives and decision making practices that are associated with policy formation. We also examine the new institutional movement of the Trump Administration’s neo-protectionist “America First” trade policy and its potential impact on the Asian region. Finally, our study examines the recent renegotiation of Korea-US FTA from a perspective of each country’s internal decision making process and discusses a number of issues that have relevant applications for Korea. The results from our analysis show that U.S trade policy show that despite a long period of an open and liberalized trade policy focus, recent neo-protectionist measures by President Trump could lead to potential trade wars and a return to the beggar-thy-neighbor policies of the 1930s. Such an anti-globalization agenda could have dire consequences for export dependent countries in the Asian region.
참고문헌 (27)
- 정인교, "The economic impact of a rise in US trade protectionism on East Asia", Journal of Korea Trade, 22(3), pp.265~279 (2018), 한국무역학회[DOI]
- Impacts of Trade Protectionism on US and Chinese Economies, Macroeconomic Research, "China International Capital Corporation Hong Kong Securities Limited", China International Capital Corporation Hong Kong Securities Limited, ~ (2017)
- Cimino-Isaacs, C.D., "U.S. trade policy primer: Frequently asked questions", Congressional Research Service. R45148, ~ (2018)
- Singapore: Opportunity from the Trade War, "DBS", DBS Group, ~ (2018)
- Fergusson, I.F., "Trade Promotion Authority (TPA) and the Role of Congress in Trade Policy", Congressional Research Service, ~ (2015)
- Froman, M., "The strategic logic of trade: New rules of the road for the global market", Foreign Affairs, 6, pp.111~118 (2014)
- Froman, M., "Written Statement on Senate Committee on Finance", ~ (2015)
- Garriaga, A.C., "Regime type and bilateral treaty formation: Do too many cooks spoil the soup?", The Journal of Conflict Resolution, 53, pp.698~726 (2009)
- Trade adjustment assistance (TAA) and its role in U.S. trade policy, "Hornbeck, J.F.", Congressional Research Service, ~, pp.Congressional Research Service 7-5700 (2013)
- International Centre for Trade and Sustainable Development, "US President Signs Memo on Proposed Section 301 Measures Directed at China, Bridges 22", ~ (2018)
- International Centre for Trade and Sustainable Development, "Specter of US Steel, Aluminum Tariffs Draws Scrutiny from International Trade Community, Bridges, 22", ~ (2018)
- Foreign Trade Policy Goals and Strategies of the United States, "Kim, D.S.", Gyeonggi Research Institute, ~, pp.Policy 2006-61 (2006)
- "United States-Korea free trade agreement, negotiation outcomes" (2018)[URL]
- Determinants of the US House of Representatives Trade Policies and Their Implications, "Ko, H.C.", Foreign Economic Policy Institute, ~ (2014)
- Lin, J.Y., "Trump economics and China-US trade imbalances", Journal of Policy Modeling, 40, pp.579~600 (2018)
- "Economic Outlook for Southeast Asia, China and India 2017" (2017)[URL]
- The economic effects of the trans-pacific partnership: new estimates, "Petri, P.A.", Peterson Institute for International Economics, ~, pp.Working Paper 16-2 (2016)
- 표인수, "An Evaluation of the Korean Trade Adjustment Assistance (TAA) program", Journal of International Logistics and Trade, 14(3), pp.219~229 (2016), 정석물류통상연구원[DOI]
- Schmidt, A.R., "A new trade policy for America: Do labor and environmental provisions in trade agreements serve social interests or special interests", Indiana International and Comparative Law Review, 19, pp.167~201 (2009)
- Stiglitz, J., "Trump and globalization", Journal of Policy Modeling, 40, pp.515~528 (2018)
- "Economic and Social Survey for Asia and the Pacific" (2018)[URL]
- "The President’s Trade Agenda, America" (2015)[URL]
- "Interagency Role" (2016)[URL]
- "USTR Issues Tariffs on Chinese Products in Response to Unfair Trade Practices" (2018)[URL]
- USITC, "Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors", United States International Trade Commission, May 2016 Publication Number: 4607 Investigation Number: TPA-105-001, ~ (2016)
- Wood, J., "The New Wave of Protectionist Trade Policy in Asia, Access Asia", Australian Chamber of Commerce, ~ (2018)
- Wood, J., "Brexit: The economic and political implications for Asia", Social Sciences, 6, pp.1~11 (2017)