International Economic Policy: Book Review
The book reviewed in this essay, International Economic Policy in the
1990s, was to focus on some of the most recent concerns about international
trade. Its author, William R. cline, seems to have some good insights about the
topic as it seems that he researched, taught and lectured about this field of
study. The author tried to be as objective as possible and tried not to be
biased by referring to the different opinions about most of the issues he
handled. However, as it is really impossible to be totally unbiased, some biases
were to exist due to their necessity to form an argument. Furthermore, other
biases can be detected through his writings by remarking the aspects of
international trade that he examined, versus those he gave very small or no
weight at all.
There are many issues related to international trade that one can study,
however as it is usually the case, this book was to examine only some of them.
The author, in some parts of his book, was to concentrate on the question of
adjusting the US trade deficit against with Japan. He was to show the American
point of view that argues that Japanese terms of trade are unfair (104). Also he
was to refer to the North American Free Trade Agreement and reflect how it is
beneficial for Mexico (as first developing country to join the US and Canada)
which could not gain support from Europe to develop (as Europe was to
concentrate on its own further development and unity at the moment), and to how
the joining of Mexico was to benefit the US (and Canada) as it would open a
large market for the US as wel ...