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«Madе in the USA»: American Experience in Stimulating the Economy
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«Madе in the USA»: American Experience in Stimulating the Economy
Annotation
PII
S032120680006295-8-
DOI
10.31857/S032120680006295-8
Publication type
Article
Status
Published
Authors
Lilia S. Revenko 
ORCID: 0000-0002-1519-1183
Occupation: Professor
Affiliation: Moscow State Institute of International Relations (University)
Address: Russian Federation, Moscow
NIkolay S. Revenko
ORCID: 0000-0002-0359-5201
Occupation: Lead Research Fellow
Affiliation: Finance University under the Government of the Russian Federation
Address: Russian Federation, Moscow
Edition
Issue 9
Pages
15-36
Abstract

The article studies the measures taken in the United States to stimulate consumption of locally produced products, export growth and increase in employment. It gives overview of the support tools created for this purpose. Special attention is paid to D. Trump's decree "Buy American and Hire American" of April 18, 2017. The authors conclude that its implementation gave impetus to the development of iron and steel, aluminum, cement and other industries, improved the trade balance with a number of countries, created more favorable environment for the activity of American business and new jobs. At the same time, protectionism entailed an increase in the prices for certain goods, fueled tension in relations with many business partners, especially with China. Their retaliation measures are fraught with financial losses for the United States and competitive risk for American companies in foreign markets.

Keywords
economic policy, “Buy American”, “Hire American”, public procurement, import rationing, trade agreements, work visa
Received
11.07.2019
Date of publication
29.08.2019
Number of purchasers
93
Views
3077
Readers community rating
0.0 (0 votes)
Previous versions
S032120680006295-8-1 Дата внесения правок в статью - 21.08.2019
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References

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2. Leksyutina Ya.V., 2019. Rol' Kitaya v strategii «Svobodnyj i otkrytyj Indo-Tikhookeanskij region» D. Trampa. Vestnik RUDN. Seriya: mezhdunarodnye otnosheniya. Tom 19. № 1. S. 22–34. DOI: 10.22363/2313-0660-2019-19-1-22-34

3. Bown Ch.P., 2017. 17-21 Steel, Aluminum, Lumber, Solar: Trump’s Stealth Trade Protection. June 2017 Policy Brief. Peterson Institute for International Economics, 15 p.

4. Hall J., 2017. Job Supported by State Exports, 2016. Washington, D.C., International Trade Administration, 7 p.

5. Ikenson D., 2010. Protection Made to Order. Domestic Industry’s Capture and Reconfiguration of U.S. Antidumping Policy. Washington, D.C., CATO Institute, 2010, 24 p.

6. Manuel K.M. et al., 2016. Domestic Content Restrictions: The Buy American Act and Complementary Provisions of Federal Law. CRS Report R43354. Washington, D.C., Congressional Research Service, 29 p.

7. Milgram M., 2018. Future Implications of the Buy American – Hire American Executive Order and Domestic Preferences on U.S. Government Procurement and Trade Policies. Washington, D.C., the George Washington University Law School, 28 p.

8. Schneider-Petsinger M., 2017. Trade Policy under President Trump Implications for the US and the World. London, The Royal Institute of International Affairs Chatham House, 39 p.

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