Diminished giant syndrome
Diminished giant syndrome: a term coined in the 1990s by Jagdish Bhagwati to describe what then appeared to be an erosion of the prominent status of the United States in the world economy. He saw the diminished giant syndrome as one of the indirect causes “encouraging the notion that other countries are trading unfairly and that this calls for aggressive trade legislation, tougher and more restrictive interpretation of unfair trade practices, ‘hardball’ international negotiations, and confrontational tactics”. See also aggressive unilateralism and Section 301.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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