By Bernard K. Gordon
America's alternate Follies controversially argues that the worldwide political economic climate is hardening into nearby blocs, in North the US, Latin the USA, Europe and the Asia Pacific, geared up round a robust financial base and suspicious of one another. Bernard ok. Gordon's masterful research indicates that this department threatens American prosperity by way of restricting US entry to the world's richest and biggest markets, and endangers US safeguard by way of dividing the globe alongside fiscal and political strains. Provocative, unique and stimulating this publication is key analyzing for all these attracted to American politics, exchange and overseas political financial system.
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Extra resources for America's Trade Follies: Turning Economic Leadership into Strategic Weakness
Before other smaller countries enter into similar access negotiations,” Whalley, op. , p. 126. 8 Reﬂections on Regionalism, op. , p. 23. 9 The dichotomy between trade creation and trade diversion originated with Jacob Viner in The Customs Union Issue, Washington, DC: Carnegie Endowment for International Peace, 1950. 10 Ryutaro Hashimoto, Vision of Japan, Tokyo, Bestsellers, 1994, p. 71. 11 Japan–US income comparisons are often confused by yen–dollar variations, but the main point is the essential equivalency in Japanese and American living standards and disposable income.
That came into effect in 1993, and provided for free movement of both people and services. In addition to these steps, the Community expanded over the years, as nine new members were added: Denmark, Ireland, and Britain in 1973; Greece in 1981; Portugal and Spain in 1986; and in 1995, Austria, Finland and Sweden. The result is that today’s European Union is an impressive institution of deep economic cooperation among 15 nations, representing more than 360 million people. Along every step of the way, often difﬁcult political decisions were involved.
21 That speech, along with many like it, underlines an important point: the EC has a widely-known, and well-deserved, reputation for promoting intraEuropean trade and economic cooperation. The EC’s record, however, raises the question of whether it has succeeded too much. To say that is not to deny that a main EC goal from the outset was to promote more intra-European trade, largely by reducing internal trade barriers. Nor is it to deny that a principal measure of EC accomplishments is precisely that expansion of trade.
America's Trade Follies: Turning Economic Leadership into Strategic Weakness by Bernard K. Gordon