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Liberal Protectionism
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eBook
Liberal Protectionism
2024,2018
Overview
What does organized trade portend for the future of the post-World
War II trading order? Are we seeing a transition from liberalism to
protectionism? These questions are central to Vinod K. Aggarwal's
penetrating analysis of conflict and cooperation in trade among
developed and less developed countries. In his examination of the
evolution of organized trade, Aggarwal specifically analyses
international regimes in textile and apparel trade. The author uses
an original theoretical approach to investigate international
regimes. Why are regimes desirable? Aggarwal shows how such accords
can protect broader arrangements, allow countries to control one
another's behavior, and minimize information and organization costs
in negotiations. Several factors account for the form of regimes.
The strength of regimes is enhanced by an asymmetry of
international power. A hegemon is more willing and able to maintain
a regime. Both the nature and scope of regimes are determined by
the relative degree of trade competition and cognitive consensus
among actors. As trade competition increases, and actors decide to
link related issues, regimes become more protectionist in their
goals and wider in their coverage. Aggarwal's theory successfully
accounts for the transformation of international regimes in textile
trade, demonstrating the importance of systematically incorporating
international level factors into our theories. His empirical work
is based on extensive archival research and interviews with key
negotiators. Aggarwal concludes that the pattern of international
cooperation which evolved in textile trade provides a portrait of
the future for trade in other industrial sectors. He finds the
trend of arrangements in textile trade disturbing and argues that
organized trade will not prevent-and may in fact promote a slide
from liberalism to protectionism. Regimes originally developed to
counter protectionism may evolve into systems of organized
protection that encourage neither efficiency nor equity. A lucid
analysis of recent historical developments in textile trade, this
study sheds light on the movement toward increasing protection in
other sectors of trade as well. It is a significant work that will
prove valuable to those who study international trade and regimes.
This title is part of UC Press's Voices Revived program,
which commemorates University of California Press's mission to seek
out and cultivate the brightest minds and give them voice, reach,
and impact. Drawing on a backlist dating to 1893, Voices
Revived makes high-quality, peer-reviewed scholarship
accessible once again using print-on-demand technology. This title
was originally published in 1986.
Publisher
University of California Press
Subject
ISBN
9780520301023, 0520301021, 9780520414723, 0520414721
