U.S. trade policy : history, theory, and the WTO / William A. Lovett, Alfred E. Eckes, Jr. and Richard L. Brinkman.

Includes bibliographical references (pages 181-225) and index.

1. Introduction / William A. Lovett -- Britain's free trade experiment -- Bretton Woods, GATT 1947, and trade asymmetries -- Dollar hegemony, indiscipline, and Euro challenges -- MNCs, integration economies, and sharing benefits -- GATT 1994 and the World Trade Organization -- Goals for U.S. trade policy -- 2. U.S. trade history / Alfred E. Eckes Jr. -- Products and partners -- Colonial antecedents -- Confederation to constitution -- America first -- American system -- Cobden's challenge -- Protectionists in charge -- Wilson's low-tariff revolution -- Protection restored -- Smoot-Hawley -- Secretary Hull's trade policy revolution -- Building the Bretton Woods world -- Marshall Plan mentality -- GATT and unreciprocal trade -- Kennedy round asymmetries -- Overseas outsourcing -- Reacting to free riders -- Tokyo round promises -- FTA blitz -- NAFTA oversell -- Uruguay round "victory" -- Bilateral and regional FTAs -- Perils of globalization -- 3. Free trade : static comparative advantage / Richard L. Brinkman -- Origins of free trade : theory and policy -- Pure theory of trade -- Static comparative advantage under siege : errors and omissions -- Static versus dynamic -- 4. Dynamics of absolute advantage and economic development / Richard L. Brinkman -- Structural transformation : the secretary-lawyer analogy -- Dynamics of economic development : concept and theory -- New theories of trade : toward dynamic comparative advantage -- Toward improved trade policy -- 5. Rebalancing U.S. trade / William A. Lovett -- Alternative solutions -- Clinton-Perot : a mandate not implemented -- Department of Industry, Technology, and Trade (DITT) -- Cleaning up legal underbrush -- New realism versus holier than thou -- Teamwork : labor, environment, and consumers -- Monitoring and progress : three- to five-year transition periods -- Nonaction : vulnerability and decline -- Sustainable internationalism for Americans -- Recent trade bargaining--multilateral, regional and bilateral.

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Lovett (Tulane Law School), Eckes (a former commissioner of the U.S. International Commission during the Reagan and Bush I administrations), and Brinkman (international economics, Portland State U.) evaluate the evolution of U.S. trade policy, focusing on the period from the establishment of the Gen.

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