A General Equilibrium Analysis Of U.S. Foreign Trade Policy

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A General Equilibrium Analysis Of U.S. Foreign Trade Policy

By Jaime de Melo and David Tarr
MIT Press, 1992
289 pp. $40.00
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Although the methods of analysis make this no book for the general reader, the clear conclusions are of interest to all. These concern the costs to the American economy of restraints on imports of automobiles, textiles and steel, the effects on jobs of removing them and the extent to which these measures benefit foreigners. Convenient comparisons with other studies also help make this a valuable book, unless you reject its assumptions.