By Alan Verne Deardorff, Robert Mitchell Stern
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Extra info for Constituent Interests and U.S. Trade Policies (Studies in International Economics)
S. or WTO law and procedures. This, it turns out, is important for these interests to understand when they are bringing their influence to bear on the policy authorities. S. Government agencies and whether agencies face political constraints in acceding to constituent pressures. S. trade law cases, citing such examples as the steel VRAs, the semiconductor antidumping cases, Canadian softwood lumber, uranium imports from the former Soviet Union republics, and the pre1996-election antidumping case involving Mexican tomatoes.
Why is it so hard to educate the public to the realities of international economics? Are there ways in which the media can provide more effective information to the public on trade issues? Are there reasons why various interest groups themselves may be successfully thwarting such efforts? We do not know the answer, but in the end it may be necessary for political economy models of trade policy to include within them the activities of those who build them. Introduction 27 The foregoing list by no means exhausts all of the issues that deserve more attention.
Then we will discuss a new approach to policy analysis, dubbed by Dixit (1996) the "transaction-cost" approach, and examine what it may say for the design of international economic policy. The Normative Approach to Policy Making The normative approach to policy making has a very long history in the field of trade policy, extending back to the earliest writings of Smith and Ricardo on the desirability of free trade. Normative analysis starts with a conception (often implicit) of a social welfare function of the Bergson-Samuelson variety, which is built up from the utility functions of individuals.