Cynthia A. Hody. The Politics of Trade: American Political Development and Foreign Economic Policy. (The Nelson A. Rockefeller Series in Social Science and Public Policy.) Hanover, N.H.: University Press of New England. 1996. Pp. xii, 210. $45.00

2005 ◽  
Vol 19 (2) ◽  
pp. 117-136 ◽  
Author(s):  
Samuel DeCanio

In the 1980s, many scholars of both comparative and American politics argued that states often act autonomously from social demands. Rejecting reductionist assumptions regarding the primacy of social groups for public policy, both groups of scholars examine how government actors and preexisting institutional constraints influenced policy implementation. Since then, however, while the state has been retained as the primary unit of analysis for most studies of American political development, interest in the autonomy of the state has dwindled, and scholars have increasingly focused on how social groups and electoral outcomes explain state formation and public policy, especially in the nineteenth century. In some instances, scholars have even denied that state autonomy is a relevant concept for the study of American political development.


2002 ◽  
Vol 76 (3) ◽  
pp. 479-514 ◽  
Author(s):  
Michael R. Adamson

This article explores the contentious U.S. State Department–Foreign Bondholders Protective Council relationship in the context of interwar foreign economic policy and bureaucratic competition. U.S. officials created the council in 1933 to represent the interests of U.S. investors in the settlement of the numerous dollar bond issues that had gone into default. The article shows why the council failed to perform as U.S. officials expected and outlines the process by which they increasingly interposed themselves in debt negotiations. In doing so, it considers the limitations of using private organizations to accomplish the objectives of public policy.


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