All Academic, Inc. Research Logo

Info/CitationFAQResearchAll Academic Inc.
Document

U.S. Foreign Economic Policy: TheNew Domestic Battleground?
Unformatted Document Text:  6 expense of domestic manufacturing workers and social welfare programs (see Bhagwati 2002; Crotty et. al.1996; Krugman 1994). Trade policy would fail to significantly raise the attention of politicians if the factors of production displaced by imports were redirected quickly and equitably. However, although it is generally held that trade liberalization produces net gains for society, it also exposes inefficient segments of the economy to unrelenting international competition, thereby creating winners and losers in the domestic economy (see Kapstein 2000; Cline 1997). In response to their economic plight, those that are negatively impacted by international competition often appeal to their political representatives for protection or compensation. Furthermore, government representatives are often held accountable for the state of the domestic economy. Citizens expect to be protected from the worst attributes of the free market, such as high unemployment and slow economic growth, and any government or representative that fails to pay attention to such adverse domestic macroeconomic conditions runs a serious risk of electoral failure (see Garrett 1998; Lewis-Beck 1988; Key 1967; Downs 1957). As a result, self-interested representatives become more inclined to advocate for protectionist measures for local firms and interests that come under intense market competition. Ohio Democratic Representative Tom Sawyer, a vocal supporter of NAFTA, found himself in a fierce primary election in 2002. The local economy was slumping and Sawyer’s political opponent, Tim Ryan, argued that NAFTA was a contributing cause of Ohio’s lethargic economic performance (see New York Times, 25 February 2004). Representative Sawyer ended up losing the primary election. Owing to the continued debate regarding the benefits of free trade, politicians often differentiate themselves from opposing candidates by their stance on trade

Authors: Gelleny, Ronald. and Lucas, DeWayne.
first   previous   Page 6 of 28   next   last



background image
6
expense of domestic manufacturing workers and social welfare programs (see Bhagwati
2002; Crotty et. al.1996; Krugman 1994). Trade policy would fail to significantly raise
the attention of politicians if the factors of production displaced by imports were
redirected quickly and equitably. However, although it is generally held that trade
liberalization produces net gains for society, it also exposes inefficient segments of the
economy to unrelenting international competition, thereby creating winners and losers in
the domestic economy (see Kapstein 2000; Cline 1997). In response to their economic
plight, those that are negatively impacted by international competition often appeal to
their political representatives for protection or compensation. Furthermore, government
representatives are often held accountable for the state of the domestic economy.
Citizens expect to be protected from the worst attributes of the free market, such
as high unemployment and slow economic growth, and any government or representative
that fails to pay attention to such adverse domestic macroeconomic conditions runs a
serious risk of electoral failure (see Garrett 1998; Lewis-Beck 1988; Key 1967; Downs
1957). As a result, self-interested representatives become more inclined to advocate for
protectionist measures for local firms and interests that come under intense market
competition. Ohio Democratic Representative Tom Sawyer, a vocal supporter of
NAFTA, found himself in a fierce primary election in 2002. The local economy was
slumping and Sawyer’s political opponent, Tim Ryan, argued that NAFTA was a
contributing cause of Ohio’s lethargic economic performance (see New York Times, 25
February 2004). Representative Sawyer ended up losing the primary election.
Owing to the continued debate regarding the benefits of free trade, politicians
often differentiate themselves from opposing candidates by their stance on trade


Convention
Convention is an application service for managing large or small academic conferences, annual meetings, and other types of events!
Submission - Custom fields, multiple submission types, tracks, audio visual, multiple upload formats, automatic conversion to pdf.
Review - Peer Review, Bulk reviewer assignment, bulk emails, ranking, z-score statistics, and multiple worksheets!
Reports - Many standard and custom reports generated while you wait. Print programs with participant indexes, event grids, and more!
Scheduling - Flexible and convenient grid scheduling within rooms and buildings. Conflict checking and advanced filtering.
Communication - Bulk email tools to help your administrators send reminders and responses. Use form letters, a message center, and much more!
Management - Search tools, duplicate people management, editing tools, submission transfers, many tools to manage a variety of conference management headaches!
Click here for more information.

first   previous   Page 6 of 28   next   last

©2008 All Academic, Inc.