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Goals
Enable students
to develop creative approaches to the solution of trade “problems”
and to pursue a structured and proactive approach to the analysis of
alternative policy options. Students will learn to evaluate how the policy
process seeks to mediate between competing and/or conflicting goals (e.g.,
business, economic, political and social) and to what extent these may be
achieved by different policy measures
Key Books and Article
Murray L. Weidenbaum,
Business and Government in the Global Market Place, 5th
edition, Prentice Hall, 1995.
Other required readings will be from the following
publications:
1.
International
Trade in Services: An Overview and Blueprint for Negotiations,
Geza Feketekuty, Ballinger 1988.
2.
“The
Scope, Implication and Economic Rationale of a Competition-Oriented
Approach to Future Multilateral Trade Negotiations.”
Geza Feketekuty and Robert Rogowsky. Draft Manuscript
3.
“Regulatory
Reform and Market Openness: An Overview,” Geza Feketekuty,
Draft Manuscript.
4.
National Trade Estimate Report on Foreign Trade Barriers,
United States Trade Representative. Various Years.
5.
Selections from Report on United States Barriers to Trade and Investment, 1996.
Services of the European
Commission.
6.
Part II of 1996 Report on the WTO Consistency of Trade Policies by Major Trading
Partners, MITI of Japan, 1996.
7. Selected
case studies to be distributed in class.
Course
Requirements
Students are expected to attend all classes and to
discuss the material that has been assigned for the class session.
Students will be called upon randomly to provide an analysis of the
reading material or of an issued assigned as homework during the previous
class. Class participation
will count for ˝ the grade. The exam will be in the form of a take-home
exam, and will count for ˝ the grade.
Class
Schedule:
Class 1:
Overview
of course. Discussion of
Syllabus and Assignments.
What
are the steps in a structured approach to trade policy analysis?
Class
2:
Defining the “problem”. What is the
legitimate role of government?
What is the legitimate role of trade policy?
READINGS:
Feketekuty [1], Chapter 8
Class
3:
Analysis of the problem.
Are there adequate facts to assess the nature and seriousness of
the problem? Do the facts meet a minimum threshold?
READINGS:
Weidenbaum, Chapters 1 & 2;
Class
4:
Developing alternative policy actions.
What ar the potential tools? What
are their advantages and disadvantages?
READINGS:
Weidenbaum, Chapters 11 & 12.
Class
5:
Evaluating the impact of proposed actions
on producers, consumers, government revenues, employment and wages.
READINGS: Review of materials used in
Micro course, and other materials to be circulated.
Class
6:
Evaluating the impact of
proposed actions on producers, consumers, government revenues, employment
and wages.
WORK
ASSIGNMENT: Analysis of cases that will be assigned in class.
Optional
Tutorials:
Discussion
of cases distributed in advance.
Class
7:
Evaluation of impact of proposed actions
on other policy objectives, including domestic regulatory objectives,
and foreign policy/security objectives.
READINGS:
Weidenbaum, Chapters 7,8
& 9. Feketekuty [3]
Class
8:
Political analysis of the
options. Who will be affected by a decision, and how powerful are they
politically?
Evaluating the economic,
policy and political benefits and costs of alternative actions, and
selecting the recommended course of action.
Preparing the policy briefs and white papers to persuade stake
holders and constituencies.
READINGS: Weidenbaum, Chapters 17 & 18; Feketekuty [2].
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