Hostname: page-component-7b7567c8c-kwt9d Total loading time: 0 Render date: 2026-11-14T21:50:08.538Z Has data issue: false hasContentIssue false

Ideas, institutions, and American trade policy

Published online by Cambridge University Press:  22 May 2009

Get access

Extract

Nowhere is America's hegemonic decline more evident than in changing trade patterns. The United States trade balance, a measure of the international demand for American goods, is suffering historic deficits. Lowered demand for American goods has led to the under-utilization of both labor and capital in a growing number of traditionally competitive American industries. Conversely, Americans' taste for foreign goods has never been so great. Japanese cars, European steel, Third World textiles, to name a few, are as well produced as their American counterparts and arrive on the U.S. market at a lower cost.

Information

Type
Research Article
Copyright
Copyright © The IO Foundation 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable