DILEMMAS OF
INTERNATIONAL TRADE
DILEMMAS IN WORLD POLITICS
Series Editor
George A. Lopez, University of Notre Dame
Dilemmas in World Politics offers teachers and students in international relations a series of quality books on critical issues, trends, and regions in international politics. Each text examines a real world dilemma and is structured to cover the historical, theoretical, practical, and projected dimensions of its subject.
EDITORIAL BOARD
Jeffry Frieden
Harvard University
Deborah J. Gerner
University of Kansas
Vicki Golich
California State UniversitySan Marcos
Lev Gonick
Wilfrid Laurier University
Barbara Welling Hall
Earlham College
Elizabeth C. Hanson
University of Connecticut
Barry Hughes
University of Denver
Janice Love
University of South Carolina
Vincent Mahler
Loyola of Chicago
Zeev Maoz
Tel Aviv University
Karen Mingst
University of Kentucky
Frederic Pearson
Wayne State University
V. Spike Peterson
University of Arizona
Neil Richardson
University of WisconsinMadison
Martin Rochester
University of MissouriSt. Louis
Georg Srensen
Aarhus University (Denmark)
Harvey Starr
University of South Carolina
Michael Stohl
Purdue University
Douglas Stuart
Dickinson College
Donald Sylvan
Ohio State University
Sarah Tisch
Winrock International
John Vasquez
Vanderbilt University
BOOKS IN THIS SERIES
Dilemmas of International Trade, Second Edition
Bruce E. Moon
Global Environmental Politics, Third Edition
Gareth Porter, Janet Brown, and Pamela S. Chasek
Humanitarian Challenges and Intervention, Second Edition
Thomas G. Weiss and Cindy Collins
The European Union: Dilemmas of Regional Integration
James A. Caporaso
The United Nations in the PostCold War Era, Second Edition
Karen A. Mingst and Margaret P. Karns
International Futures: Choices in the Face of Uncertainty, Third Edition
Barry B. Hughes
Global Gender Issues, Second Edition
Spike Peterson and Anne Sisson Runyon
International Human Rights, Second Edition
Jack Donnelly
Democracy and Democratization in a Changing World, Second Edition
Georg Srensen
Revolution and Transition in East-Central Europe, Second Edition
David S. Mason
Ethnic Conflict in World Politics
Ted Robert Gurr and Barbara Harff
One Land, Two Peoples, Second Edition
Deborah Gerner
Dilemmas of Development Assistance
Sarah J. Tisch and Michael B. Wallace
East Asian Dynamism, Second Edition
Steven Chan
DILEMMAS OF INTERNATIONAL TRADE
SECOND EDITION
Bruce E. Moon
LEHIGH UNIVERSITY
A Member of the Perseus Books Group
Dilemmas in World Politics
All rights reserved. Printed in the United States of America. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from the publisher.
Copyright 2000 by Westview Press, A Member of the Perseus Books Group
Published in 2000 in the United States of America by Westview Press, 5500 Central Avenue, Boulder, Colorado 80301-2877, and in the United Kingdom by Westview Press, 12 Hids Copse Road, Cumnor Hill, Oxford OX2 9JJ
Visit us on the World Wide Web at www.westviewpress.com
Library of Congress Cataloging-in-Publication Data
Moon, Bruce Edward, 1950
Dilemmas of international trade / Bruce E. Moon2nd ed.
p. cm. (Dilemmas in world politics)
Includes bibliographical references and index.
ISBN 0-8133-6768-9
1. International trade. I. Title. II. Series.
HF1379. M66 2000
The paper used in this publication meets the requirements of the American National Standard for Permanence of Paper for Printed Library Materials Z39.48-1984.
10 9 8 7 6 5 4
Contents
Tables
Figure
Cartoons
Boxes
It is impossible to acknowledge adequately all those who have contributed to this volume, and I shall not attempt to do so. However, special mention must be made of the contributions of my students at Lehigh University, who have read and commented upon several drafts of this work. Their indispensable efforts are gratefully acknowledged.
I owe more to my family, especially my wife, Beverly, than I can possibly express. She has provided support and patience far beyond what anyone has a right to ask.
Bruce E. Moon
APEC | Asia Pacific Economic Cooperation |
CAP | Common Agricultural Policy |
CGE | computable general equilibrium |
CUSTA | CanadaUnited States Trade Agreement |
DM | Deutsche mark |
DSB | Dispute Settlement Body |
EC | European Community |
ECB | European Central Bank |
ECSC | European Coal and Steel Community |
ECU | European currency unit |
EEC | European Economic Community |
EMS | European Monetary System |
ERM | Exchange Rate Mechanism |
ESC | Economic and Social Committee |
EU | European Union |
EURATOM | European Atomic Energy Community |
FDI | foreign direct investment |
FTAA | Free Trade Area of the Americas |
FTC | Federal Trade Commission |
GATS | General Agreement on Trade in Services |
GATT | General Agreement on Tariffs and Trade |
GDP | gross domestic product |
GNP | gross national product |
H-O | Heckscher-Ohlin (theory) |
IBRD | International Bank for Reconstruction and Development |
(World Bank) |
IMF | International Monetary Fund |
ISI | import-substituting industrialization |