The Rules of the Global Game

Preface
Acknowledgments
List of Abbreviations
Part 1: Angles of Vision
1. The Tension between the "Is" and the "Should Be"
The Normative Approach
The Positive Approach: A Political Analysis
Interest Group Politics
Who Does What (and to Whom) in Washington
Political Contributions and Interest Groups
Rent Extraction
The Role of Political Parties
Limits to Political Analysis
2. The Role of Statecraft in Resolving the Tension
The Presidency, the Executive Branch, and the Congress
Implementing Statecraft Strategies
A Closer Look at the Private Sector
Statecraft in Search of Normative Goals
Interest Groups and Public Discourse
Openness, Productivity, and Per Capita Income
3. Political Dimensions of Trade Policy
Political Analysis
The Institutional Setting of Interest Group Politics
The Influence of Different Kinds of Interest Groups
4. Normative Dimensions of Trade Policy
The Case for Eliminating Trade Barriers: Comparative Advantage
Intraindustry Trade
The Benefits of Opening Economies to Trade
Qualifications to the Case for Free Trade?
The Current State of Play
Part 2: Trade Strategies and Issues
5. Opening Foreign Markets
The 301 Process
Sanctions as the Achilles' Hell of 301
The Semiconductor Agreement Example
Market Access in the Uruguay Round: Procurement and Agriculture
6. Trade in Services
The Nature of Trade in Services
The Search for Services Trade Liberalization
From GATT to GATS
Financial and Telecommunications Services
The Path Ahead
7. The Regional Strategy for Opening Markets
Regional Trade Agreements Today
The Case for and against RTAs: Trade Creations and Diversion
Rent Seeking in the Trade Creation/Diversion Equation
The Third-Country Effect
Interest Groups and NAFTA
8. The Janus Faces of Fairness
From Protectionism to Fairness
Antidumping Proceedings in Actual Practice
Antidumping in a Statecraft Perspective
The Semiconductor Agreement, Part II
Larger Implications of the Antidumping Law
Part 3: Investment and Finance in a Globalizing World
9. Private Foreign Investment
Perspectives on FDI
Investment as a Driver of Trade
Restrictions on Investment as Restrictions on Trade: TRIMS
The Failed OECD MAI Effort
US Policy toward Inward Investment
US Options in Investment Negotiations
10. The Diversity of Monetary and Financial Issues
The Moving Theater of Monetary and Financial Issues
Exchange Rates and Patterns of Trade
Exchange Rates and Trade Compared
Managing Exchange Rates
11. The International Monetary System
Exchange Rate and Reserve Systems
A Political Analysis of US International Monetary Policy
The Key Currency Role of the Dollar
12. The International Financial System
Underdevelopment in Developing Countries
The Asian Financial Crisis
The Bailout Issue and Prospective Reforms
Policy Issues after the Asian Crisis
US Decision Making in International Finance
Part 4: Irrepressible New Issues
13. Labor Standards and the Environment
Trade and Labor Standards
Trade and the Environment
14. Trade in Information
The Nature of Information
Information Issues
The Uruguay Round TRIPs Agreement
Subsidies to High Technology
15. Cross-Border Flows of People
US Immigration Policy in Historical Perspective
Immigration Today
An Economic Approach to Immigration Policy
The Consequences of Present Policy
Short-Term Entrants
Reprise
Notes
Bibliography
Index