From tariff wars to torn-up trade agreements, Michael Beeman explores America's recent and dramatic turn away from support for freer, rules-based trade to instead go its own new way. Focusing on America's trade engagements in the Asia-Pacific, he contrasts the trade policy choices made by America's leaders over several generations with those of today-decisions that are now undermining the trading system America created and triggering new tensions between America and its trading partners, allies and adversaries alike.

With keen insight as a former senior U.S. trade official, Beeman argues that America's exceptionally deep political divisions are driving its policy reversals, giving rise to a new trade policy characterized by zero-sum beliefs about the kind of trade America wants with the world and about new rules for trade that it wants for itself. With enormous implications for the future of regional and global trade, this timely analysis unravels the implications of America's seismic shift in approach for the future of the rules-based trading order and America's role in it.

Walking Out is essential reading for anyone interested in the domestic and international political economy of trade, international relations, and the future of America's role in the global economy.

Viewed historically as the lapdog of business, bureaucratic and political interests, Japan's Fair Trade Commission has had mixed success in promoting its agenda for stronger antimonopoly policy since the early 1970s. Dr. Beeman unravels antimonopoly politics in Japan through an analysis of the diverse interests of industry, government, and other parties to reveal how and why antimonopoly policy has made important inroads yet ultimately failed to gain deep acceptance in Japan.
Employing extensive use of primary research materials and numerous interviews, Dr. Beeman finds predictable patterns of change as well as themes of continuity in the development of Japan's antimonopoly policy. By addressing a broad array of industry sectors and policy issues, the book provides fresh insight into an agency and a policy that have often been criticized from within Japan as too stringent and from outside Japan as too lax.