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The Diminished Giant Syndrome

Bhagwati, Jagdish N.

Reports that misconceptions that US economic decline is due to other nations' unfair trade practices is provoking protectionism in the Clinton administration that could result in a system of regional trading blocs. How declinism drives trade policy; How unilateralism has hurt the General Agreement on Tariffs and Trade (GATT); Danger of trade blocs.



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Foreign Affairs

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February 13, 2013
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