Trade and American Leadership: The Paradoxes of Power and Wealth from Alexander Hamilton to Donald Trump...

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Craig VanGrasstek (Harvard University, Massachusetts)

Trade and American Leadership

The Paradoxes of Power and Wealth from Alexander Hamilton to Donald Trump

Craig VanGrasstek (Harvard University, Massachusetts)

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English

Cambridge University Press
03 January 2019

History of the Americas; Politics & government; Trade agreements; Political economy; International economic & trade law

From the nation-building of Alexander Hamilton to the trade wars of Donald Trump, trade policy has been a key instrument of American power and wealth. The open trading system that the United States sponsored after the Second World War serves US interests by promoting cooperation and prosperity, but also allows the allies to become more independent and China to rise. The case studies in Trade and American Leadership examine how the value of preferential trade programs is undercut by the multilateral liberalization that the United States promoted for generations, and how trade sanctions tend either to be too economically costly to impose or too modest to matter. These problems are exacerbated by a domestic political system in which the gains from trade are unevenly distributed, power is fragmented, and strategies are easily undermined. Trade and American Leadership places special emphasis on today's challenges, and the rising danger of economic nationalism.

By: Craig VanGrasstek (Harvard University Massachusetts)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 235mm, Width: 160mm, Spine: 32mm
Weight: 840g
ISBN: 9781108476959
ISBN 10: 1108476953
Pages: 500
Publication Date: 03 January 2019
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Hardback
Publisher's Status: Active

Craig VanGrasstek teaches at the Harvard Kennedy School, Harvard University, Massachusetts, and has previously taught at American University's School of International Service, Georgetown University's School of Foreign Service, the World Trade Institute, and the University of Barcelona. He is the author of The History and Future of the World Trade Organization (2013).

Reviews for Trade and American Leadership: The Paradoxes of Power and Wealth from Alexander Hamilton to Donald Trump

'This book is a must-read for anybody hoping to understand the forces behind the current and future US trade and foreign policy. It combines historical depth to explore the theory and practice of American hegemony over several decades, with thorough analyses of Washington's slow shift from the multilateral to the preferential approach of trade and international relations - including its current episode of chaotic sanctions. An international political economy study at its best.' Patrick Messerlin, Sciences Po Paris 'After years of malign neglect, the critical role of American leadership in the international trading system is once again front and center in the public debate. Craig VanGrasstek has therefore done an enormous service in bringing forth this timely, thoughtful, and deeply informed study of American trade politics from the nation's founding to the radical rupture being wrought by President Trump.' Benn Steil, Director of international economics, Council on Foreign Relations and author of The Marshall Plan: Dawn of the Cold War 'Craig VanGrasstek offers a sweeping account for understanding the trade policies of Alexander Hamilton, Franklin Delano Roosevelt, and Donald Trump - both nationalists and free traders - within one consistent geopolitical framework.' Gary Clyde Hufbauer, Peterson Institute for International Economics