American specialists respectively in foreign policy studies and international economic policy, Lardy and Rosen examine the economic merits of a free-trade agreement for the US and Taiwanese economies and in the larger context of a changing Asia-Pacific region. They analyze quantitative models of a potential agreement, then assess its likely qualitative effects. They find that Taiwan would benefit more by taking part in regional arrangements, but that such arrangements seem not to be an option right now. Annotation 2004 Book News, Inc., Portland, OR (booknews.com)
