Shattering the myths about U.S. trade policy

dc.creatorEdwards, Lawrence
dc.creatorLawrence, Robert
dc.date2014-07-01T09:51:22Z
dc.date2014-07-01T09:51:22Z
dc.date2012
dc.date.accessioned2015-05-28T10:06:44Z
dc.date.available2015-05-28T10:06:44Z
dc.date.issued2015-05-28
dc.description“As they say on my own Cape Cod, a rising tide lifts all the boats,” declared U.S. President John F. Kennedy several times during the 1960s. That picturesque metaphor encapsulates the assumptions underlying America’s trade policy since the Marshall Plan in 1948, and it has served as the linchpin of U.S. competitiveness strategy ever since. However, the skeptics about free trade have been gaining influence over the past decade. The longest post-War expansion in America, from 1991 to 2000, ended when the dot-com bust led to a recession in which the U.S. manufacturing sector shed almost 3 million jobs. A sluggish economy (GDP growth averaged 2.3% from 2000 to 2007) and the rapid development of emerging markets shrank America’s share of global GDP by about 10%. The United States experienced large trade deficits and rapid increases in imports from developing countries, particularly China.
dc.identifierEdwards, L. & Lawrence, R. (2012). Shattering the myths about U.S. trade policy, Harvard Business Review, March: 2901-2905.
dc.identifierhttp://hbr.org/2012/03/shattering-the-myths-about-us-trade-policy/ar/1
dc.identifierhttp://hdl.handle.net/11090/758
dc.identifier.ris TY - Journal Article DA - 2015-05-28 DB - OpenUCT DP - University of Cape Town KW - US trade policy KW - Recession KW - Free trade LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Shattering the myths about U.S. trade policy TI - Shattering the myths about U.S. trade policy UR - http://hdl.handle.net/11090/758 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11090/758
dc.languageen
dc.publisherHarvard Business Review
dc.publisher.departmentSALDRUen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subjectUS trade policy
dc.subjectRecession
dc.subjectFree trade
dc.titleShattering the myths about U.S. trade policy
dc.typeJournal Article
uct.type.publicationResearchen_ZA
uct.type.resourceArticleen_ZA
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