Economic Casualties

On a broad front, from high-tech export controls to unilateral sanctions, the U.S. government is curbing the freedom of Americans to trade, invest, and communicate with the rest of the world-all in the name of questionable foreign policy goals. In this book, a number of distinguished experts examine the cost these controls impose on individual liberty and economin opportunity.

Solveig Singleton is director of information studies at the Cato Institute and coeditor of Regulators' Revenge: The Future of Telecommunications Deregulation. Daniel T. Griswold is associate director of the Center for Trade Policy Studies at the Cato Institute.

Preface

vii

Introduction

ix

Solveig Singleton

Daniel T. Griswold

PART I OVERVIEW: THE ECONOMIC COST OF U.S. FOREIGN POLICY

Eagle in the China Shop: The Economic Consequences of U.S. Global Meddling

3

(10)

Ted Galen Carpenter

An Overview of the Economic Costs of Unilateral Trade Sanctions

13

(6)

William H. Lash

Defending Liberty in a Global Economy

19

(12)

Richard B. Cheney

PART II EXPORT CONTROLS

Export Controls: A National Emergency?

31

(8)

James B. Burnham

An Export Control Agenda for the 21st Century

39

(8)

William A. Reinsch

Export Controls, Trade Sanctions, and the Nuclear Industry

47

(6)

R. Ian Butterfield

Myths and Realities of the Debate over Encryption Policy

53

(10)

Carl Ellison

PART III CONTROLLING THE FLOW OF CAPITAL

Effects of the Regulatory Suppression of Digital Cash

63

(14)

Eric Hughes

America the Financial Imperialist

77

(8)

Richard W. Rahn

PART IV TRADE SANCTIONS

Unilateral Sanctions: A Politically Attractive Loser

85

(6)

Clayton Yeutter

Economic Sanctions: America's Folly

91

(4)

Gary C. Hufbauer

Caterpillar Inc.: A Case Study in America's CAT-astrophic Sanctions Policy

95

(8)

William C. Lane

PART V HUMAN RIGHTS AND CIVIL LIBERTIES

Free Trade and Human Rights: The Moral Case for Engagement

103

(10)

Robert A. Sirico

The Costs of Encryption Export Controls: What about Our Constitutional Values?

113

(6)

Kenneth C. Bass III

Index

119

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Summary

Author Biography

Table of Contents

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