U.S.Foreign Economic Policy Making
U.S. Foreign Economic Policy Making
I. Introduction 1. Definition:international economic policy is usually referred to as efforts by government to modify the ways in which goods,services,and capital would otherwise flow across national boundaries if a completely free market situation prevailed.Policy here is not "hands- off”,Policy就是政府的有所作为
I. Introduction 1. Definition: international economic policy is usually referred to as efforts by government to modify the ways in which goods, services, and capital would otherwise flow across national boundaries if a completely free market situation prevailed. Policy here is not “hands- off”. Policy 就是政府的有所作为
2. Unique features of foreign economic policy making in the U.S. Unique government structure 2) U.S.economy is less sensitive to the vicissitudes of foreign trade flows than any other industrialized economy.One reason for this situation is a simple statistic:compared to all other countries,imports and exports represent a relatively small percentage of total U.S.economic output(GDP).Total employment is therefore only marginally affected by international trade.Another reason is US dollar
2. Unique features of foreign economic policy making in the U.S. 1) Unique government structure 2) U.S. economy is less sensitive to the vicissitudes of foreign trade flows than any other industrialized economy. One reason for this situation is a simple statistic: compared to all other countries, imports and exports represent a relatively small percentage of total U.S. economic output (GDP). Total employment is therefore only marginally affected by international trade. Another reason is US dollar
3)U.S.government does not and cannot do a lot on the front of international economy.U.S.government is basically advocating free trade and flow of capital and goods. 4) U.S.superpower status since World War II. Economics is not the only consideration.Often it is not a top consideration,e.g.the Cold War period
3) U.S. government does not and cannot do a lot on the front of international economy. U.S. government is basically advocating free trade and flow of capital and goods. 4) U.S. superpower status since World War II. Economics is not the only consideration. Often it is not a top consideration, e.g. the Cold War period
II.U.S.Foreign Economic Policy 1.Before WWII:no grand U.S.design for the international economy existed,mainly because the U.S.was not yet an important enough economic power. 2.After WWII and before the end of the Cold War things changed dramatically after WWIl,even
II. U.S. Foreign Economic Policy 1. Before WWII: no grand U.S. design for the international economy existed, mainly because the U.S. was not yet an important enough economic power. 2. After WWII and before the end of the Cold War things changed dramatically after WWII, even