An Interim Assessment of the U.S. Trade Policy of 'Competitive Liberalization'

University of St. Gallen Economics Discussion Paper No. 2007-18

34 Pages Posted: 13 May 2007

See all articles by Simon Evenett

Simon Evenett

University of St. Gallen - Economics Department - SIAW

Michael Meier

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

Date Written: February 2007

Abstract

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

Keywords: United States, trade policy, commercial policy, Competitive Liberalization, WTO, regional trade agreements

JEL Classification: F13, F15

Suggested Citation

Evenett, Simon and Meier, Michael, An Interim Assessment of the U.S. Trade Policy of 'Competitive Liberalization' (February 2007). University of St. Gallen Economics Discussion Paper No. 2007-18. Available at SSRN: https://ssrn.com/abstract=985521 or http://dx.doi.org/10.2139/ssrn.985521

Simon Evenett (Contact Author)

University of St. Gallen - Economics Department - SIAW ( email )

Bodanstrasse 8
CH-9000 St. Gallen
Switzerland
41 71 224 2315 (Phone)
41 71 224 2298 (Fax)

HOME PAGE: http://www.evenett.com

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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