ix Contents List of Tables, xiii Preface, xv 1 Background and History, 1 Factors Shaping the Trade Debate, 2 Free Trade, 2 Protectionism and Fair Trade, 4 Trade Surpluses and Deficits, 6 Trade Patterns, 8 Trade Politics, 9 Historical Overview, 11 American System of High Tariffs, 12 Promoting Recovery and Reciprocal Trade, 13 Multilateral Trade Liberalization, 15 Kennedy Round, 17 Fast Track and the Tokyo Round, 18 Reagan’s Free-Trade Initiatives, 19 North American Free Trade Agreement, 21 Uruguay Round—WTO, 24 The Battle of Seattle, 26 Admitting China to the WTO, 27 Regional and Bilateral Free Trade, 28 Summary, 31 References, 32 2 Problems, Controversies, and Solutions, 37 Background to the Debate, 37 Future Trade Priorities, 39 Free Trade Fault Line, 40 Future Trade Negotiations, 45
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