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Regional Initiatives and US Trade Policy in Asia
Author(s) -
Saxonhouse Gary R.
Publication year - 1997
Publication title -
asian‐pacific economic literature
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.232
H-Index - 21
eISSN - 1467-8411
pISSN - 0818-9935
DOI - 10.1111/1467-8411.00013
Subject(s) - outcome (game theory) , international trade , regional trade , world trade , commercial policy , international economics , business , economics , free trade , mathematical economics
This article gives an account of US trade policy towards Asia, with particular reference to regional preferential trading agreements. The outcome of fifteen years of US pursuit of regional trade policies could possibly be a network of preferential trade arrangements centred around the USA; a more likely outcome is an increasingly strengthened multilateral system based on the World Trade Organisation (WTO). A stronger WTO may prove capable of constraining even its most powerful members. This outcome is certainly in the long‐term interest of the USA.