Congressional Trade Votes: From NAFTA Approval to Fast-Track Defeat

Congressional Trade Votes: From NAFTA Approval to Fast-Track Defeat

Congressional Trade Votes: From NAFTA Approval to Fast-Track Defeat

Congressional Trade Votes: From NAFTA Approval to Fast-Track Defeat

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Overview

The unwillingness of the US House of Representatives to renew fast-track authority in 1997 and 1998 means that further trade liberalization for the United States is likely to slow down or grind to a halt, since negotiators elsewhere know that any agreements reached could be modified by the US Congress. This political impasse raises several overarching questions: Does the status of fast track represent a temporary or a permanent setback in the postwar trend toward freer trade? Is it due simply to lax efforts in mobilizing groups that support trade liberalization, or is US trade policy becoming more protectionist? More generally, what were the most important economic and social factors shaping congressional voting on trade legislation in the 1990s? How do these factors differ for the various trade bills Congress considered over this period? Baldwin and Magee attempt to answer these questions by analyzing three key trade bills: NAFTA in 1993; the legislation implementing the Uruguay Round agreements in 1994; and the House bill seeking to renew fast-track authority in 1998. The authors provide a brief legislative history of each, and then outline a conceptual framework for their analysis. Focusing on district and state economic conditions, ideological leanings, and campaign contributions, they find both predictable and surprising relationships in the data.

Product Details

ISBN-13: 9780881322675
Publisher: Peterson Institute for International Economics
Publication date: 02/01/2000
Series: Policy Analyses in International Economics , #59
Edition description: New Edition
Pages: 76
Product dimensions: 6.00(w) x 9.00(h) x (d)
Age Range: 18 Years

About the Author

Robert E. Baldwin was a Visiting Fellow and Hilldale Professor of Economics, Emeritus, at the University of Wisconsin-Madison. He published over a hundred theoretical articles over the course of his lifetime.

Christopher S. Magee is a professor of economics at Bucknell University whose recent publications include an article in Social Science Quarterly on policy choices by members of the House of Representatives, and articles in the Journal of International Economics and in Economics & Politics on campaign contributions and United States trade policies.

Table of Contents

Prefacev
Acknowledgmentsix
Introduction1
1NAFTA, GATT Uruguay Round, and Fast Track 1998: A Brief Legislative History5
North American Free Trade Agreement5
GATT Uruguay Round Agreements9
Fast Track 199811
2Analytical and Empirical Framework15
Political Economy Framework15
Econometric Model17
3Empirical Results25
NAFTA and GATT: House Votes25
NAFTA and GATT: Senate Votes30
Fast Track 199833
4Conclusions41
Appendices
Appendix A45
Appendix B49
References51
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