Preview

Journal of Law and Administration

Advanced search

Office of the Us Trade Representative (Ustr) in the System of Regulation of Foreign Economic Relations of the United States under the Administration of J. Biden

https://doi.org/10.24833/2073-8420-2022-2-63-22-33

Abstract

Introduction. Legislative regulation of foreign trade operations in the United States is the responsibility of the federal authorities. The Office of the United States Trade Representative (USTR) has primary responsibility for developing and coordinating US policy on international trade, commodities, and direct investment, and overseeing trade negotiations with other countries. The priorities of managing the activities of the Office on the part of the Democratic administration of John Biden reveal the main direction of the international economic policy of the United States at the present stage.

Materials and methods. In preparing the article, the method of structural-functional, comparative analysis, expert, statistical, formal-logical, systemic methods, and the comparative-historical approach of a comprehensive interdisciplinary study of empirical data were used, which in modern conditions allows a well-known rethinking of approaches to assessing the mechanisms of public administration of foreign trade activities of leading countries world, in particular the United States, to form a vision that meets the requirements of the time of the most optimal ways to implement this form of regulation of foreign economic policy.

Results of the research. The Joe Biden administration's approach to using the Office of the US Trade Representative to further the United States' expansionist foreign economic aspirations is indicative of a general shift in focus from opening up new markets to pursuing "worker-centric" trade policies that seek to use the tools of international trade ties to maintain dominance. US position in world politics and the global economy. The study of the current system of state regulation of foreign trade in the United States makes it possible to identify the main priorities, goals and methods of building the country's foreign economic activity in line with the international policy pursued by the democratic administration of J. Biden, aimed at maintaining the dominant role of the United States within the unipolar world, to answer the question of how effectively such a system can actually help achieve the goals of official Washington in today's radically transforming world order.

Discussion and Conclusion. The methods of state administration of trade policy by the democratic administration of J. Biden, identified in the work, using the potential of a special federal body for the development, coordination, implementation and monitoring of the entire complex of foreign economic relations of the country - the Office of the US Trade Representative - reveal the mechanism of functioning of the system of state management of the foreign economic policy of the United States in the framework of the implementation Washington's strategic goals in the international arena.

About the Author

A. M. Menshikova
Institute of the USA and Canada, Russian Academy of Sciences (ISCRAN)
Russian Federation

Dr. Anna M. Menshikova - Candidate of Economic Sciences, Senior Research Fellow



References

1. Cohen Stephen D., Paul Joel R., Blecker Robert A., 2020. Fundamentals of U.S. Foreign Trade Policy. Economics, Politics, Laws, And Issues. New York: Routledge. - 330 р.

2. Casselman Ben, 2022. U.S. Economy Shrank in First Quarter, but Underlying Measures Were Solid. The New York Times. April 28. URL: https://www.nytimes.com.

3. Joe Biden’s stimulus is a high-stakes gamble for America and the world. Leaders. The world economy. The Economist. March 13th 2021. URL: https://www.economist.com.

4. Kempe Frederick, 2021. Op-ed: Biden needs to act now to shore up economic foreign policy to restore confidence in U.S. leadership. CNBC. October 2. URL: https://www.cnbc.com.

5. McCormick David H., Luftig Charles E., Cunningham James M., 2020. Economic Might, National Security, and the Future of American Statecraft. Economic and National Security. Vol 3. Issue 3. Summer. P. 50-75. URL: http://dx.doi.org.

6. Robert Lighthizer on the need for tariffs to reduce America’s trade deficit. The Economist. October 5th 2021. URL: https://www.economist.com.

7. Shatz Howard J., 2016. U.S. International Economic Strategy in a Turbulent World: Strategic Rethink. Santa Monica, CA: RAND Corporation. - 174 p.

8. Stiven Overly, 2022. Progressive and export-dependent: Oregon is a test for Democrats on trade. Politico . 04/25/2022. [Электронный ресурс]. URL: https://www.politico.com.


Review

For citations:


Menshikova A.M. Office of the Us Trade Representative (Ustr) in the System of Regulation of Foreign Economic Relations of the United States under the Administration of J. Biden. Journal of Law and Administration. 2022;18(2):22-33. (In Russ.) https://doi.org/10.24833/2073-8420-2022-2-63-22-33

Views: 426


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2073-8420 (Print)
ISSN 2587-5736 (Online)