An Interim Assessment of the US Trade Policy of 'Competitive Liberalization'

36 Pages Posted: 29 Jan 2008

See all articles by Simon J. Evenett

Simon J. Evenett

affiliation not provided to SSRN

Michael Meier

University of St. Gallen - Swiss Institute for International Economics and Applied Economic Research

Abstract

Since 2001, the Administration of George W. Bush has pursued a trade policy known as Competitive Liberalization. This policy envisages a series of mutually-reinforcing and sequential steps to open markets abroad to US companies, to strengthen market-oriented laws and regulations overseas, and to place the United States at the center of the world trading system. Foreign and security policy considerations have influenced US trade policy making, perhaps more so than in the 1990s. To date the principal outcome of this policy has been the negotiation by the United States of numerous free trade agreements, mainly with developing countries, individually or in sub-regional groupings. In addition to characterizing this policy in detail, the principal purpose of this paper is to assess the logic underlying this approach to trade policy making and whether Competitive Liberalization has begun to fulfill the promise spelled out for it at the beginning of this decade.

Suggested Citation

Evenett, Simon J. and Meier, Michael, An Interim Assessment of the US Trade Policy of 'Competitive Liberalization'. World Economy, Vol. 31, Issue 1, pp. 31-66, January 2008. Available at SSRN: https://ssrn.com/abstract=1087487 or http://dx.doi.org/10.1111/j.1467-9701.2007.01081.x

Simon J. Evenett (Contact Author)

affiliation not provided to SSRN

Michael Meier

University of St. Gallen - Swiss Institute for International Economics and Applied Economic Research ( email )

Dufourstr. 48
St. Gallen, 9000
Switzerland

HOME PAGE: http://www.siaw.unisg.ch

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