Macroeconomic Policy and the Trade Deficit


Bergsten, C. Fred, and John Williamson, eds. Dollar Adjust- ment: How Far? Against What? Washington, DC: Institute for International Economics, 2004.

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U.S. Trade Strategy: Free Versus Fair


Bernanke, Ben. “The Global Savings Glut and the U.S. Current Account Deficit.” Homer Jones Lecture, St. Louis, MO, March 10, 2005.

Chinn, Menzie D. Getting Serious about the Twin Deficits, A Council Special Report. New York: Council on Foreign Rela- tions Press, September 2005.

Dooley, Michael P., David Folkerts-Landau, and Peter Garber.“Direct Investment, Rising Real Wages, and the Absorption of Excess Labor in the Periphery.” NBER Working Paper 10626, July 2004.

Goldstein, Morris. “Adjusting China’s Exchange Rate Policies.” Paper presented at the International Monetary Fund seminar on China’s Foreign Exchange System, Dalian, China, May 26–27, 2004.

Hausmann, Ricardo and Federico Sturzenegger. “Global Imbal- ances or Bad Accounting? The Missing Dark Matter in the Wealth of Nations.” Center for International Development Working Paper No. 124, Harvard University, Cambridge, MA, January 2006.

Higgins, Matthew,Thomas Klitgaard, and Cédric Tille.“The Income Implications of Rising U.S. International Liabilities,” Federal Reserve Bank of New York Current Issues in Economics and Finance 11 (December 2005): 1–8.

Humpage, Owen F. “A Hitchhiker’s Guide to the U.S. Current Account Problem.” Federal Reserve Bank of Cleveland, Octo- ber 2004.

Krugman, Paul R., and Maurice Obstfeld. International Economics, 5th ed. Boston: Addison-Wesley Longman, 1999.

Levy, David H., and Stuart S. Brown. “The Overstretch Myth.” Foreign Affairs 84 (March/April 2005): 2–7.

Mann, Catherine L. Is the U.S. Trade Deficit Sustainable? Wash- ington, DC: Institute for International Economics, 1999.

Quiggin, John. “The Unsustainability of U.S.Trade Deficits.” The Economists’ Voice 1, 2004, available at viewcontent.cgi?article=1020&context=ev.



Further Reading


Roubini, Nouriel, and Brad Setser. “The U.S. as a Net Debtor:The Sustainability of the U.S. External Imbalances.” Working Paper, New York University, November 2004, available at US-External-Imbalances.pdf.


Bhagwati, Jagdish N., and Robert E. Hudec, eds. Fair Trade and Harmonization: Prerequisites for Free Trade? Cambridge: MIT Press, 1996.

Braithwaite, John, and Peter Drahos. Global Business Regulation. Cambridge: Cambridge University Press, 2000.

Destler, I.M., and Peter J. Balint. The New Politics of American Trade: Trade, Labor, and the Environment. Washington, DC: Institute for International Economics, 1999.

Drezner, Daniel W.“Globalization at Work: Bottom Feeders.” For- eign Policy 121 (November/December 2000): 64–70.

———. “Globalization and Policy Convergence.” International Studies Review 3 (Spring 2001): 53–78.

———. All Politics Is Global: Explaining International Regula- tory Regimes. Princeton: Princeton University Press, 2007.

Drucker, Peter F. “Trading Places.” The National Interest 79 (Spring 2005): 101–107.

Elliott, Kimberly Ann, and Richard B. Freeman. Can Labor Standards Improve under Globalization? Washington, DC: Insti- tute for International Economics, 2003.

Eskeland, Gunnar S., and Ann E. Harrison. “Moving to Green- er Pastures? Multinationals and the Pollution-Haven Hypoth- esis.” Policy Research Working Paper no. 1744, World Bank, Washington, DC, March 1997.

Esty, Daniel C. “Bridging the Trade-Environment Divide.” Jour- nal of Economic Perspectives 15 (Summer 2001): 113–30.



U.S. Trade Strategy: Free Versus Fair


International Labor Organization. Labour and Social Issues Relating to Export Processing Zones. Geneva: ILO, 1998.

Klein, Naomi. No Logo: Taking Aim at the Brand Bullies. Lon- don: Picador, 2000.

Lewis, Jeffrey, and David Nixon. “Transnational Regulatory Con- flict and the Problems of Deeper Integration.” Paper present- ed at the annual meeting of the International Studies Association, Chicago, February 2001.

Maskus, Keith. “Regulatory Standards in the WTO.”Working Paper no. 00-1, Institute for International Economics, January 2000. Available at 00-1.htm.

Millstone, Erik, and Patrick van Zwanenberg. “Food and Agri- cultural Biotechnology Policy: How Much Autonomy Can Developing Countries Exercise?” Development Policy Review 21 (September 2003): 655–67.

Organization for Economic Cooperation and Development (OECD). International Trade and Core Labour Standards. Paris: OECD, 2000.

———. Trade, Employment, and Labour Standards: A Study of Core Workers’ Rights and International Trade. Paris: OECD, 1996.

Prakash, Aseem, and Susan K. Sell. “Using Ideas Strategically: Exam- ining the Contest Between Business and NGO Networks in Intellectual Property Rights.” International Studies Quarterly 48 ( January 2004): 143–75.

Quinlan, Joseph P. Drifting Apart or Growing Together? The Pri- macy of the Transatlantic Economy. Washington, DC: Cen- ter for Transatlantic Relations, 2003.

Sell, Susan K. Power and Ideas: North-South Politics of Intellectual Property and Antitrust. Albany: SUNY Press, 1998.

Slaughter, Anne-Marie. A New World Order. Princeton: Prince- ton University Press, 2004.



Further Reading


Thomas, Urs. P., et al. “The Biosafety Protocol: Regulatory Inno- vation and Emerging Trends.” Revue Suisse de Droit Interna- tional et de Droit Européen 10 (April 2000): 513–58.

Wheeler, David R. Racing to the Bottom? Foreign Investment and Air Pollution in Developing Countries. Policy Research Work- ing Paper no. 2524, World Bank, Washington, DC, November 2000.

Winham, Gilbert R. “Regime Conflict in Trade and Environment: The Cartegena Protocol and the WTO.” Paper presented at the annual meeting of the International Studies Association, Chica- go, February 2001.

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