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Contents

Instruments of Trade Control Tariffs 322 Nontariff Barriers: Direct Price Influences 321

323

Nontariff Barriers: Quantity Controls

32

5

Dealing with Governmental Trade Influences Tactics for Dealing with Import Competition

328 329

Looking to the Future:

Dynamics and Complexity

330

C A S E : U.S.-Cuban Trade: When Does a Cold War Strategy Become

a Cold War Relic?

Summary

333

Key Terms

334

Endnotes

334

330

8

Cross-National Cooperation and Agreements

336

C A S E : Toyota's European Drive

337

Introduction

339

The World Trade Organization (WTO)

GATT: The Predecessor to the WTO

340 340

What Does the WTO Do?

341

The Rise of Bilateral Agreements

Regional Economic Integration The Effects of Integration

344

342 343

Major Regional Trading Groups

345

The European Union

346

The NorthAmerican Free Trade Agreement (NAFTA)

351

Regional Economic Integration in the Americas | Point U B I I H H B I Is CAFTA-DR a Good Idea?

359

356

Regional Economic Integration in Asia Regional Economic Integration in Africa

360 362

Looking to the Future:

Will the WTO Overcome Bilateral and Regional

Integration Efforts?

363

Other Forms of International Cooperation

364

Commodity Agreements

365

Commodities and the World Economy

366

Consumers and Producers

366

The Organization of Petroleum Exporting Countries (OPEC)

366

C A S E : Wal-Mart Goes South

367

Summary

370

Key Terms

371

Endnotes

371

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