"In a short space of time, the ancient practice of commercial piracy has become a major issue in international economic policy-making." This valuable monograph shows why that has happened and how the protection of patents, copyrights and trademarks has become an important objective of American foreign trade policy. There are good examinations of existing international arrangements and the discontents to which they give rise. The author's long experience in studying trade policy is reflected in the thoughtful and thorough weighing of multilateral versus bilateral approaches. A substantial bibliography adds to the usefulness of this excellent pioneering study.