International Economic Policies In The 1990s

Essay by Anonymous UserUniversity, Master'sB, January 1996

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A book review -

The book reviewed in this essay, International Economic Policy in the 1990s, was to focus on some of the most recent concerns about international trade. Its author, William R. cline, seems to have some good insights about the topic as it seems that he researched, taught and lectured about this field of study. The author tried to be as objective as possible and tried not to be biased by referring to the different opinions about most of the issues he handled. However, as it is really impossible to be totally unbiased, some biases were to exist due to their necessity to form an argument. Furthermore, other biases can be detected through his writings by remarking the aspects of international trade that he examined, versus those he gave very small or no weight at all.

There are many issues related to international trade that one can study, however as it is usually the case, this book was to examine only some of them.

The author, in some parts of his book, was to concentrate on the question of adjusting the US trade deficit against with Japan. He was to show the American point of view that argues that Japanese terms of trade are unfair (104). Also he was to refer to the North American Free Trade Agreement and reflect how it is beneficial for Mexico (as first developing country to join the US and Canada) which could not gain support from Europe to develop (as Europe was to concentrate on its own further development and unity at the moment), and to how the joining of Mexico was to benefit the US (and Canada) as it would open a large market for the US as well as cheap labor (106). A good point made by him was...