Resumo de A Culture Of Its Own: Taking Latin America Seriously

This book is a study of how free trade came to occupy such a commanding position in economics and how it has maintained its intellectual strength despite the numerous arguments that have arisen against it over the past two centuries. The author is Henry Wendt Scholar in Political Economy at AEI. A summary of the book follows.
The proposition that free trade is economically more beneficial than protection is one of the most fundamental that economic theory has to offer for economic policy. This proposition has survived repeated scrutiny from economists ever since Adam Smith made his celebrated case for free trade in the Wealth of Nations (1776), and it continues to receive overwhelming support from professional economists today.

This book is a collection of essays that critique recent U.S. agriculture policy and propose alternatives to the current regulatory regime. The editor is Frank H. Buck, Jr., Professor of Agricultural Economics, University of California, Davis. The introduction to the book follows.
For most of this century the United States and other wealthy countries have applied intensive regulations to agricultural prices, production, and practices. In addition to regulation, these nations have pursued complex schemes of direct income subsidies for producers of selected crops. Recently, some progress toward more market orientation in agricultural policy has been made. While moderate at best, the continuing reforms are encouraging to those who believe that the world would benefit from less subsidy and regulation of agriculture. Although change has been slow and difficult, there is growing evidence that agricultural policy is responsive to well-developed empirical arguments that demonstrate the unwelcome consequences of current policy interventions and the benefits of specific reforms. For several decades, the American Enterprise Institute has helped create the analytical underpinning for many agricultural reform efforts. This book represents a continuation of that effort.
Agricultural Trade Policy: Letting Markets Work

This book is a study of the dangers to American productivity and living standards of the shift in recent years away from an open multilateral trading system toward bilateral trade agreements. The author is professor of economics, Stanford University, and 1996 president of the American Economic Association. A summary of the book follows.
The increasing integration of the world economy has been a hallmark of economic advancement over the past two centuries. As costs of transport and communications have fallen, economic interactions between distant people, which were earlier limited to occasional shipments of low-volume, high-value goods, expanded first to trade in durable commodities, such as food-stuffs, and then to daily air shipments of specialized parts and components, and even perishable foods and fresh-cut flowers. As that has happened, the importance of the open multilateral trading system has increased; but, so too, has the visibility of foreign competition.
America's Disconnected Youth: Toward a Preventive Strategy
Edited by Douglas J. Besharov

Adolescence is a time of both great opportunity and great risk, as young people experience physical change, intellectual growth, self-discovery, and greater independence. Unfortunately, some have serious difficulty making the transition from adolescence to productive adulthood. America's Disconnected Youth: Toward a Preventive Strategy identifies those youth as "disconnected" and examines ways to assist them.
The editor, Douglas J. Besharov, is a resident scholar at AEI and a professor at the University of Maryland School of Public Affairs. This summary is drawn from the introduction he co-wrote with Karen N. Gardiner, a former research associate at AEI, now a senior associate with the Lewin Group.
Many American youth are diverted from the path toward becoming productive members of society. Some drop out of high school and are inactive formany years. Others finish school but do not find gainful employment. Some use drugs, go to jail, or both. Some have babies out of wedlock and spend years on welfare. Despite their differences, all these young people have one thing in common: they spend a crucial period of their lives "disconnected" from the broad
Antidumping Industrial Policy: Legalized Protection in the WTO and What to Do about It
By Brian Hindley and Patrick A. Messerlin

In this book, the authors analyze the claims that antidumping policies are necessary to achieve fairness in trade relations and that such policies are a safeguard against the predatory pricing that leads to monopoly. They describe the current antidumping programs of the World Trade Organization, the European Union, and the United States and offer pragmatic recommendations for reform of antidumping rules and practices. Mr. Hindley is a reader in trade policy in the Department of Economics at the London School of Economics and is codirector of the Trade Policy Unit of the London-based Centre for Policy Studies. Mr. Messerlin is professor of economics at the Institut d'Etudes Politiques de Paris and consultant to the OECD and the European Union Commission.
Assessing the Environmental Impact of Farm Policies
by Walter N. Thurman

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