Abstract
Nowhere is America's hegemonic decline more evident than in changing trade patterns. The United States trade balance, a measure of the international demand for American goods, is suffering historic deficits. Lowered demand for American goods has led to the under-utilization of both labor and capital in a growing number of traditionally competitive American industries. Conversely, Americans' taste for foreign goods has never been so great. Japanese cars, European steel, Third World textiles, to name a few, are as well produced as their American counterparts and arrive on the U.S. market at a lower cost.
Keywords
HegemonyInternational tradeCapital (architecture)EconomicsCapital goodBalance (ability)International economicsCommercial policyGoods and servicesMarket economyPolitical sciencePoliticsGeography
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Publication Info
- Year
- 1988
- Type
- article
- Volume
- 42
- Issue
- 1
- Pages
- 179-217
- Citations
- 224
- Access
- Closed
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Cite This
Judith Goldstein
(1988).
Ideas, institutions, and American trade policy.
International Organization
, 42
(1)
, 179-217.
https://doi.org/10.1017/s0020818300007177
Identifiers
- DOI
- 10.1017/s0020818300007177