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Management number | 201819742 | Release Date | 2025/10/08 | List Price | $13.41 | Model Number | 201819742 | ||
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The United States is facing a period of uncertainty in the world political economy, fueled by the issue of international trade. Ambassador C. Donald Johnson's The Wealth of a Nation is an authoritative history of the politics of trade in America from the Revolution to the Trump era, highlighting the benefits of the postwar free trade regime and its attempts to advance workers' rights.
Format: Paperback / softback
Length: 664 pages
Publication date: 09 December 2021
Publisher: Oxford University Press Inc
The United States is facing a period of profound uncertainty in the global political and economic landscape, which poses a significant threat to the liberal economic order that its statesmen established after World War II. The root of this uncertainty revolves around international trade, a topic that has divided Americans since the nation's founding. The debate over whether America is better off under a liberal trade regime or would benefit more from protectionism has been a contentious one, with historical figures such as Alexander Hamilton, Thomas Jefferson, and the Gilded Age robber barons taking different stances.
In contemporary times, this issue has pitted anti-globalization activists and manufacturing workers against multinational firms and the mainstream economics profession. Ambassador C. Donald Johnson's The Wealth of a Nation provides an authoritative account of the politics of trade in America from the American Revolution to the Trump era. Johnson begins by tracing the rise and fall of the U.S. protectionist system, from the time of Alexander Hamilton to the Smoot-Hawley Tariff of 1930. While challenges to protectionist dominance were frequent and often severe, the protectionist regime only faded in the aftermath of the Great Depression.
After World War II, America played a pivotal period in shaping the liberal rules-based economic order that has dominated the world for over half a century. However, recent years have witnessed a growing anti-free trade movement, which portrays the postwar liberal regime as anti-worker, pro-capital, and, in Donald Trump's view, even anti-American. In this captivating history, Johnson emphasizes the benefits of the postwar free trade regime but focuses particularly on how it has attempted to advance workers' rights.
This analysis of the evolution of American trade policy sheds light on the complex interplay, often contentious, and ever-changing dynamics of global trade and its impact on workers, businesses, and the broader global economy. It underscores the importance of understanding the historical context and the ongoing debates surrounding trade policy to make informed decisions about the future of international commerce.
Weight: 942g
Dimension: 168 x 326 x 40 (mm)
ISBN-13: 9780197619124
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