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

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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: ABC-CLIO, Incorporated
  • Publication date: 1/30/2000
  • Edition description: 5TH
  • Edition number: 5
  • Pages: 328
  • Lexile: 1570L (what's this?)
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.69 (d)

Meet the Author

STEPHEN D. COHEN is Professor of International Relations at American University's School of International Service. He is author of An Ocean Apart: Explaining Three Decades of U.S.-Japanese Trade Frictions (Praeger, 1998) and coauthor of Fundamentals of U.S. Foreign Trade Policy: Economics, Politics, Laws, and Issues (1996).

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Table of Contents

Foreword by Paul Volcker


The Unique Nature of International Economic Policy

The Content of International Economic Policy

The Importance of International Economic Policy

The Policymaking Machinery: The Government and The Private Sector

The Executive Branch

The Coordination of International Economic Policy

The Congress and the Judicial Branch

The Private Sector: Interest Groups and Lobbying

Executive Branch Decision-Making: Theories and Models

Theories on How U.S. International Economic Policy Is Formulated

The Many Models of Executive Branch Decision-Making

Congressional-Executive Relations: The Uneasy Partnership

The Inter-Branch Model of Decision-Making in Concept and Practice

The System Responds to Exchange Rate and Trade Balance Disequilibria, 1985-1986

The Merging of Domestic and International Economic Policies: The Competitiveness/Industrial Policy Debate

The Non-Making of International Economic Policy: The Process in Paralysis, 1996-20??


A Critique of Existing Organization

Proposals for Organizational and Procedural Changes


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