ABSTRACT
The making of US foreign economic policy is never an easy task. Complex international and domestic aims and interests must be balanced. US farmers want open European markets for their grain but if Europe is pushed too hard on this issue the resulting ill-will may affect European attitudes toward US investment or common security measures. As the US and European economies have experienced a shift in employment and economic activity toward services and away from industry, services have assumed a more important role in international commerce. There are seven foreign economic policy topics under debate in Washington and around the country. These include: trade liberalization versus protection; trade in services and world investment policy; international movements of people; technology and science in the world economy; the value of the dollar and the world payments system; the Japanese Question; and North-South economic relations.
