Anne O. Krueger and Carla Norrlöf for PS Book Recommendations

Your weekly reading inspiration, provided by PS contributors. The PS Book Recommendations newsletter. [View this message in a web browser.]( [PS Book Recommendations]( Welcome to PS Book Recommendations, your weekly source of reading inspiration, provided by PS contributors. This week's edition features Anne O. Krueger, Senior Research Professor of International Economics at the Johns Hopkins University School of Advanced International Studies and Senior Fellow at the Center for International Development at Stanford University, and Carla Norrlöf, Professor of Political Science at the University of Toronto and a non-resident senior fellow at the Atlantic Council. By a PS Contributor [International Trade: What Everyone Needs to Know]( By Anne O. Krueger Krueger says: "The United States led the way in opening up the global economy after World War II. The results speak for themselves: free trade brought enormous progress in reducing poverty and raising living standards throughout the world. But since 2016, the US has reversed its earlier support of open trade policies. It was that reversal – specifically, Donald Trump’s imposition of tariffs on goods like steel and aluminum on national-security grounds and his initiation of a “trade war” with China – that spurred me to write this primer on international trade, trade policies, and their effects. In it, I cover America’s use of anti-dumping and countervailing-duty tariffs. I also look at the North American Free Trade Agreement (NAFTA) and its successor, the US-Mexico-Canada Agreement (USMCA), as well as other preferential trading arrangements, especially the European Union. Case studies on the effects of protections for agriculture and industry ground my analysis. This volume provides a basis for readers to evaluate ongoing debates about international trade-policy actions, including new US subsidies and tariffs on Chinese goods." What Comes After Neoliberalism? In a new PS Big Question, Krueger is joined by Mehrsa Baradaran, Mariana Mazzucato, Dani Rodrik, Joseph E. Stiglitz, and Michael R. Strain in examining the implications of the widespread embrace of industrial policies, tariffs, and subsidies. [Read now]( Carla Norrlöf Recommends... [Paper Soldiers: How the Weaponization of the Dollar Changed the World Order]( By Saleha Mohsin Norrlöf says: "In Paper Soldiers, Mohsin cleverly shows how King Dollar can act as a double-edged sword, with the capacity to hurt both Americans and foreigners. The dollar can be wielded in the service of economic diplomacy or coercion, such as to resolve financial crises or sanction adversaries, with implications for the global order. Dollar-related policies also have domestic consequences, such as for US manufacturing jobs and trade imbalances. Mohsin takes us on a whirlwind tour of the consequences of the dollar’s widespread use and offers an engaging narrative packed with intriguing firsthand accounts by Treasury and State Department officials." Don't miss a brand new PS Say More interview with Norrlöf, in which she advocates an expansion of NATO’s operational focus, suggests ways the US can enhance global confidence in the dollar, advises the Biden administration on how to respond to escalating tensions in the Middle East, and more. [Read now]( [PS. Get three months of Project Syndicate for $1.]( [Facebook]( [Twitter]( [LinkedIn]( Project Syndicate publishes and provides, on a not-for-profit basis, original commentary by the world's leading thinkers to more than 500 media outlets in over 150 countries. This newsletter does not entitle the recipient to re-publish any of the content it contains. This newsletter is a service of [Project Syndicate](. [Change your newsletter preferences](. Follow us on [Facebook]( [Twitter]( and [YouTube](. © Project Syndicate, all rights reserved. [Unsubscribe from all newsletters](.