PUBPOL 201 Chapter Notes - Chapter 1: Comparative Advantage, Trade Diversion, Doha Development Round
Document Summary
M1 r1 u. s. trade policy since 1934 part 2 (30 pgs) (read only 59-89) Notes (us) tariffs declined from 18. 4% in 1934 to 1. 3% in 2007. Trade negotiations now take place in multilateral framework: gatt: initial set of multilateral trade rules. Negotiated in 1947 with the united states and. Kennedy round in 1964: the uruguay round, 1986 through 1993, the widest reaching of all trade agreements. United states: gains from trade liberalization are more widely dispersed than the losses, which may make the losses more apparent. Mexico (nafta: the uruguay round negotiations end in 1994: further reduce tariffs on global basis and included new agreements on issues of critical importance to many us industries (intellectual property, investments, trade in services) In the post-1995 era, us continue to negotiate and implement free-trade agreements. Stock market crash of 1929 led to demands for increased protection from all sectors of the economy.
