In This Review

Globalization and America's Trade Agreements
Globalization and America's Trade Agreements
By William Krist
Woodrow Wilson Center Press / Johns Hopkins University Press, 2013, 304 pp
Purchase
Emerging Powers in the WTO: Developing Countries and Trade in the 21st Century
Emerging Powers in the WTO: Developing Countries and Trade in the 21st Century
By Constantine Michalopoulos
Palgrave Macmillan, 2013, 300 pp
Purchase

Foreign trade makes some Americans uncomfortable, partly because it involves, well, foreigners. But as economists have long demonstrated, foreign trade enhances economic well-being. Foreign trade negotiations, an aspect of foreign policy as well as economic policy, have become enormously complicated, and the resulting agreements, extremely complex. These two books help readers navigate these complexities and some recent changes in the field. Krist, a former U.S. trade negotiator, provides a useful primer on current world trade rules, structures, and negotiations, from an American perspective. Michalopoulos, a former World Bank official, describes trade policies and practices in developing countries and those countries’ growing role in managing, staffing, and shaping the World Trade Organization and trade negotiations. This represents a significant change from pre-1980 arrangements, which were largely dominated by North Americans and Europeans. Both books offer constructive suggestions for reviving the moribund Doha Round of trade talks and for otherwise fostering more trade liberalization.