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Introduces
students to the main features of U.S. laws and regulations regulating or
influencing the flow of trade in goods and services into and out of the
United States, including the tariff and related issues,
antidumping and countervailing duties, safeguard procedures, government
procurement regulations, export controls, and export assistance
programs.
Goals
To familiarize students with the structure and substance of the
principal US trade laws and policies, their evolution and their
relationship to international agreements and institutions. As a result,
students should be better positioned to advise future employers or
clients on how to structure their own affairs to take advantage of such
laws, how to avoid placing themselves in difficult positions, how to
design policy and other measures in conformity with these laws, and how
to reform these laws to deal with changing needs and requirements.
Topics
Covered
The course will
focus principally on the laws and regulations governing the
import and export of goods including the tariff and related customs
regulations such as valuation, classification, rules of origin,
remissions, and free-trade zones, marks of origin, licensing and
quantitative restrictions, dumping and antidumping duties, subsidies and
countervailing duties, escape clause action, export controls as well as
some commodity-specific laws and regulations governing trade in
agriculture and textiles and clothing. In recognition of the growing
importance of the knowledge-based service economy, this module
will also provide a brief overview of the broad range of laws that can
effect the flow of goods, services, capital and technology, including
those related to the protection of intellectual property rights, foreign
direct investment, and competition policy.
Key Books
and Articles
Baldwin, Robert E., The Political Economy of U.S. Import Policy (Cambridge,
Mass.: The MIT Press, 1985).
Cohen,
Stephen D., Joel R. Paul and Robert A. Blecker, Fundamentals
of U.S. Foreign Trade Policy: Economics, Politics, Laws, and Issues (Boulder,
CO: Westview Press, 1996).
Jackson,
John H., and William J. Davey, Legal Problems of International Economic
Relations; Cases, Materials and Text on the National and International
Regulation of International Economic Relations (Minneapolis:
West Publishing, 1986).
Jackson,
John H., The World Trading System: Law and Policy of International Economic
Relations (Cambridge:
MIT Press, 1989).
Trebilcock,
Michael J. and Robert Howse, The
Regulation of International Trade (New York: Routledge, 1995).
Case
Material
The course will use excerpts from US Congress, Committee on Ways and
Means, Overview and Compilation of US. Trade Statutes, most
recent edition (1996?) and GATE, Trade
Policy Review of the United States, most recent edition (1995?) to
consider how the United States regulates the flow of goods, services,
capital, and technology across its frontier.
Criteria
for Evaluating Teaching and Student Performance
Throughout the course, students will develop written analyses of
various specific problems in international trade and determine which of
the various available remedies or measures can be applied to solve the
problem.
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