From Protectionism to Free Trade Analytical Essay by Nicky

From Protectionism to Free Trade
A look at why the U.S. changed its policy from protectionism to a free trade economy.
# 148227 | 1,066 words | 4 sources | MLA | 2011 | US
Published on Oct 03, 2011 in History (U.S. The 1930's - Great Depression) , Political Science (Fiscal Policy (economy)) , Economics (General)


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Description:

The paper discusses how U.S. officials wanted to accomplish growth through consumerism, and so the national and foreign customers had to be offered extended access to American and international products. The paper also considers that the authorities might have implemented the movement from protectionism to free trade in order to respond to the national demands of the rural and urban societies. The paper further addresses America's desire to expand its political superiority and concludes by pointing out that liberalized trade improves the living conditions for the population, creates additional jobs and leads to technological innovations.

From the Paper:

"The initial openness to international trade revolved around lifting the barriers on the trade of products, or finished goods. In time however, barriers were also removed on the circulation of capitals, technologies and even labor force. Stephen D. Krasner (1976) argues that the United States, just like any other country, motivated its decision in favor of free trade based on its desire to accomplish its domestic goals. Additionally, the author of State Power and the Structure of International Trade points out that a country will change its approach to international trade because it has the power and it is in its best interest to do so. Krasner identifies four types of national goals that were followed by the U.S. in its changed approach to international trade."

Sample of Sources Used:

  • Krasner, S.D., State Power and the Structure of International Trade, World Politics, Vol. 28, No. 3, April 1976, pp.317-347
  • Krol, R., Trade, Protectionism and the U.S. Economy - Examining the Evidence, Trade Briefing Paper from the Cato Institute, September 16, 2008
  • McKeown, T.J., Hegemonic Stability and 19th Century Tariff Levels in Europe, International Organization, Vol. 37, No. 1, Winter 1983, pp. 73-91
  • Rogowski, R., Political Cleavages and Changing Exposure to Trade, The American Political Science Review, Vol. 81, No. 4, December 1987, pp. 1121-1137

Cite this Analytical Essay:

APA Format

From Protectionism to Free Trade (2011, October 03) Retrieved April 02, 2023, from https://www.academon.com/analytical-essay/from-protectionism-to-free-trade-148227/

MLA Format

"From Protectionism to Free Trade" 03 October 2011. Web. 02 April. 2023. <https://www.academon.com/analytical-essay/from-protectionism-to-free-trade-148227/>

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