2009•National Bureau of Economic ResearchOpen access

U.S. Trade Policy Since 1934: An Uneven Path Toward Greater Trade Liberalization

R.M. Baldwin

Abstract

This paper presents a comprehensive but relatively brief historical survey of U.S. trade-policy over the last 75 years.It is aimed at individuals who are not already familiar with the concepts and terminology used in discussions of trade policy and the domestic and international institutional framework within which U.S. trade policies are formulated and implemented.Particular attention is devoted to exploring the underlying economic and political conditions that have shaped U.S. trade policies over the period.

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Key concepts: Free trade, International economics, Path (computing), International trade, Economics, Commercial policy, Liberalization, Market economy