The Making of United States International Economic Policy: Principles, Problems, and Proposals for Reform Fifth Edition / Edition 5

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Overview

As the globalization of economic production reshapes domestic economic activity and redefines the substance of international politics, the importance of international economic policy is becoming more widely appreciated. This book is a revised and updated edition of the definitive study of the decision-making process in all sectors—trade, finance, development, and energy—of U.S. international economic policy. Students and practitioners of economics and political science will find it invaluable in understanding how process affects substance in some of the most far-reaching policies being made in Washington.

Straddling two of the nation's highest priorities—economic prosperity and national security—international economic policy necessitates continuous trade-offs from conflicting perspectives, making organization and procedure inherently significant determinants of a critically important policy. Opening with an explanation of the complex nature of the policy and its importance in political and economic terms, the book then examines the identities, responsibilities, attitudes, constituents, and institutional cultures of the executive branch, Congress, and interest groups involved in the formulation and conduct of policy. After considering the hardware of policymaking, the volume examines the major theories and decision-making models. It then focuses on the delicate relationship between the administration and Congress, illustrated by three case studies. In conclusion, the work assesses the strengths and weaknesses of the current policymaking process and offers recommendations for improvement.

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Product Details

  • ISBN-13: 9780275965044
  • Publisher: Greenwood Publishing Group, Incorporated
  • Publication date: 1/30/2000
  • Edition description: 5TH
  • Edition number: 5
  • Pages: 328
  • Lexile: 1570L (what's this?)
  • Product dimensions: 6.16 (w) x 9.24 (h) x 0.89 (d)

Meet the Author

STEPHEN D. COHEN is Professor of International Relations at American University's School of International Service.

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Table of Contents

Foreword
Introduction and Acknowledgments
Acronyms
Pt. I The Unique Nature of International Economic Policy 1
1 The Content of International Economic Policy 3
2 The Importance of International Economic Policy 25
Pt. II The Policymaking Machinery: The Government and the Private Sector 43
3 The Executive Branch 45
4 The Coordination of International Economic Policy 71
5 The Congress and the Judicial Branch 97
6 The Private Sector: Interest Groups and Lobbying 113
Pt. III Executive Branch Decision-Making: Theories and Models 137
7 Theories on How U.S. International Economic Policy Is Formulated 139
8 The Many Models of Executive Branch Decision-Making 156
Pt. IV Congressional-Executive Relations: The Uneasy Partnership 189
9 The Inter-Branch Model of Decision-Making in Concept and Practice 191
10 The System Responds to Exchange Rate and Trade Balance Disequilibria, 1985-1986 209
11 The Merging of Domestic and International Economic Policies: The Competitiveness/Industrial Policy Debate 224
12 The Non-Making of International Economic Policy: The Process in Paralysis, 1996-20?? 239
Pt. V Prescription 261
13 A Critique of Existing Organization 263
14 Proposals for Organizational and Procedural Changes 277
Index 299
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