According to the authors, challenges resulting from the globalization of production and the integration of former socialist economies into the world market economy create the need for new trade negotiations at both the regional and global level. Government policies and regulations that constitute barriers to foreign trade and investment still need to be overcome. Anticompetitive practices such as trade-restricting cartels need to be eliminated. Philosophical and political differences over how trade agreements should deal with issues such as labor and the environment need to be resolved. The book provides a comprehensive review of the issues confronting U.S. trade policymakers and outlines a strategy to deal with them. The book is essential reading for public officials, business leaders and private citizens who wish to think broadly about American's role in the global economy of the 21st century.