POLICY BRIEF 12-21

How Can Trade Policy Help America Compete?

by Robert Z. Lawrence, Peterson Institute for International Economics

October 2012

America deserves credit for not having succumbed to the global financial crisis by repeating the protectionist mistakes of the 1930s. Nonetheless, since 2007, although lip service has been paid to boosting US exports, its trade policy accomplishments have been modest. This is unfortunate because active trade policies can promote American living standards and facilitate America's return to full employment and sustained growth. These policies can also help to create a global trade order that advances American interests. This policy brief argues that the United States needs new initiatives that discipline foreign practices, increase access to foreign markets, revitalize the World Trade Organization (WTO), improve the administrative and regulatory environment for trade, and assist workers and communities adversely affected by change.

View full document [pdf]


RELATED LINKS

Book: Understanding the Trans-Pacific Partnership January 2013

Book: The Trans-Pacific Partnership and Asia-Pacific Integration: A Quantitative Assessment November 2012

Policy Brief 11-20: The United States Should Establish Permanent Normal Trade Relations with Russia November 2011

Policy Brief 11-8: What Should the United States Do about Doha? June 2011

Book: The Long-Term International Economic Position of the United States April 2009

Op-ed: Trade: An Opportunity About to Be Lost? May 20, 2011

Op-ed: New Imbalances Will Threaten Global Recovery June 10, 2010

Op-ed: How Best to Boost US Exports February 3, 2010

Op-ed: Cooling the Planet Without Chilling Trade November 13, 2009

Paper: Submission to the USTR in Support of a Trans-Pacific Partnership Agreement January 25, 2010

Working Paper 09-2: Policy Liberalization and US Merchandise Trade Growth, 1980–2006 May 2009

Policy Brief 09-2: Buy American: Bad for Jobs, Worse for Reputation February 2009

Paper: Report to the President-Elect and the 111th Congress on A New Trade Policy for the United States December 17, 2008

Book: American Trade Politics, 4th edition June 2005

Op-ed: The Payoff from Globalization June 7, 2005

Policy Brief 08-5: World Trade at Risk May 2008



© 2014 Peter G. Peterson Institute for International Economics. 1750 Massachusetts Avenue, NW.
Washington, DC 20036. Tel: 202-328-9000 Fax: 202-659-3225 / 202-328-5432
Site development and hosting by Digital Division