As global powers reconsider their stance on globalization, important dialogues are emerging around how North America can navigate its trade future. In their recent book, The Future of Trade: A North American Perspective, authors David A. Gantz and Tony Payan delve into the long-term challenges facing the United States and suggest that effective, non-controversial policies at both national and international levels are critical.
The book, published by Edward Elgar Publishing in December 2023, focuses on several pivotal areas: the reform of the World Trade Organization (WTO), the implementation of the United States-Mexico-Canada Agreement (USMCA), and the ongoing US-China rivalry. Gantz and Payan advance discussions between U.S. governments and stakeholders by presenting proposals for rebuilding support for an open trading system, fostering better integration among the United States, Canada, and Mexico, and restructuring the WTO to ensure an equitable system for all member nations.
The book has already garnered praise from experts. Ralph Folsom, author of International Trade Beyond Trump, commends the editors for compiling a thought-provoking and stimulating collection of articles by renowned law, economic, and policy experts. Meanwhile, Raj Bhala, Brenneisen Distinguished Professor at the University of Kansas School of Law, lauds the book as being full of timely and well-articulated analyses and arguments.
The Future of Trade underscores that navigating the complex landscape of international trade will require cohesive strategies and concerted efforts by North American nations to ensure a stable and prosperous future.