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Crs Report for Congress: Adjustment Assistance (Taa) and Its Role in U.S. Trade Policy

by J. F. Hornbeck , Congressional Research Service the Libr
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Current price ₹1,336.00
Original price ₹1,446.00
Original price ₹1,446.00
Original price ₹1,446.00
(-8%)
₹1,336.00
Current price ₹1,336.00

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Book cover type: Paperback
  • ISBN13: 9781294256663
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Bibliogov
  • Publisher Imprint: Bibliogov
  • Publication Date:
  • Pages: 22
  • Original Price: USD 14.75
  • Language: English
  • Edition: N/A
  • Item Weight: 59 grams
  • BISAC Subject(s): General

Congress created Trade Adjustment Assistance (TAA) in the Trade Expansion Act of 1962 to help workers and firms adjust to dislocation that may be caused by increased trade liberalization. It is justified now, as it was then, on grounds that the government has an obligation to help the "losers" of policy-driven trade opening. TAA is also presented as an alternative to policies that would restrict imports, and so provides assistance while bolstering freer trade and diminishing prospects for potentially costly tension (retaliation) among trade partners. As in the past, critics strongly debate the merits of TAA on equity, efficiency, and budgetary grounds. Nonetheless, finding agreement on TAA remains important for forging a compromise on national trade policy.

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