By Bernard K. Gordon
America's exchange Follies controversially argues that the worldwide political economic system is hardening into local blocs, in North the US, Latin the United States, Europe and the Asia Pacific, prepared round a strong financial base and suspicious of one another. Bernard ok. Gordon's masterful research exhibits that this department threatens American prosperity by way of restricting US entry to the world's richest and biggest markets, and endangers US protection via dividing the globe alongside financial and political strains. Provocative, unique and stimulating this ebook is key examining for all these drawn to American politics, alternate and foreign political economic climate.
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Extra info for America's Trade Follies: Turning Economic Leadership into Strategic Weakness
Golich, “From Competition to Collaboration: the Challenge of Commercial-class Aircraft Manufacturing,” International Organization, Autumn, 1992, p. 912. 17 Wall Street Journal, 28 April, 1998. 4 are as follows: world export data for 1896–1937 from P. Yates, Forty Years of Foreign Trade, London, George Allen & Unwin, 1959, Table 32 19 20 21 22 23 24 25 26 27 28 29 America’s trade in its global context A18, p. 226, and US data for those years from US Department of Commerce, Historical Statistics of the United States, Series U187–200, pp.
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. , 5 April, 2000, cited in Heritage Foundation, Backgrounder, No.
Largely for that reason, those economies have little need or opportunity to trade with their neighbors, and they have not done so, either in their earlier histories or in modern times. Among the developing nations of Asia, for example, it has long been a commonplace to note that historically, their economic and all other ties were far more intense with their metropole – their colonial rulers in Europe or America – than among themselves, and that those patterns continued in the post-independence period.
America's Trade Follies: Turning Economic Leadership into Strategic Weakness by Bernard K. Gordon