• Political Science

The Political Economy of the World Trading System

The WTO and Beyond
Author: Bernard M. Hoekman,Michel M. Kostecki
Publisher: Oxford University Press, USA
ISBN: 0199553777
Category: Political Science
Page: 740
View: 5964
New to this edition:

    • Business & Economics

The Political Economy of the World Trading System

The WTO and Beyond
Author: Bernard M. Hoekman,M. M. Kostecki
Publisher: Oxford University Press
ISBN: 0199553769
Category: Business & Economics
Page: 740
View: 1259
This is a highly readable, completely revised and updated analytical account of the mechanics of the world trading system - how it works, what it does, and why. It provides insight into the basic economic rationale for international cooperation and the political economic forces that shape the global commercial environment and that determine the rules of the game and the commitments that governments agree to through WTO negotiations. Short case studies and specificdisputes are used to illustrate the workings of the institution in practice and the interest groups that drive the WTO processes. This edition highlights the increasing role of developing countries inthe WTO. This is a book that will be of interest to teachers and students of international economics and business, international relations and economic development, government officials and business people interested in the functioning of the multilateral trading system.

    • Business & Economics

The Political Economy of the World Trading System : WTO and Beyond

WTO and Beyond
Author: Bernard Hoekman,Michel Kostecki
Publisher: OUP Oxford
ISBN: 0191522252
Category: Business & Economics
Page: 576
View: 884
The creation of the World Trade Organization (WTO) in 1995 ushered in a new era in world trading arrangements. Building on the General Agreement on Trades and Tariffs (GATT), the intergovernmental treaty that for 50 years had regulated international trade relations, the WTO is a global organization of equal standing to the International Monetary Fund and the World Bank, and will set the agenda for international trade for decades to come. The authors of this volume were heavily involved in the Uruguay Round of GATT negotiations that laid the foundations for the creation of the WTO, and were ideally placed to see how the politics of negotiation affects the economics of trade. The Political Economy of the World Trading System is the first comprehensive and accessible introduction to the institutional mechanics, economics, and politics of the global trading networks. It goes beyond description of the rules of the WTO to analyse the political and economic forces that sculpted them, the incentives for countries to abide by them, and the likely future direction of the organization. The authors show how governments are not necessarily the social welfare-maximizing entities often found in textbooks, but instead develop policy subject to the pressures of a variety of interest groups. Although economic theory suggests that countries should pursue liberal trade policies and exchange goods and services on the basis of their comparative advantage, in practice most nations actively intervene in international trade. The political economy approach taken in this volume explains how the WTO functions, why GATT has been very successful in reducing tariffs, and why it has proven much more difficult to expand the reach of multilateral disciplines to domestic policies impacting on trade. This book will increase the reader's understanding of international economics, business, and international relations by supplying in-depth insider knowledge of how trade negotiations take place, how this decision-making affects trade policy, and how the multilateral arrangements that shape world trade are created. This information is crucial to understand why WTO rules are phrased as they are, and to understand the processes by which business organizations, industrial associations, and political lobbies influence the multilateral trading system. In this expanded and thoroughly revised edition, the authors have taken account of the recent developments in international trade relations, included an extra chapter on the historical importance of international trading arrangements, and updated all the references and guides to further reading.

    • Business & Economics

The Economics of the World Trading System


Author: Kyle Bagwell,Robert W. Staiger
Publisher: MIT Press
ISBN: 9780262524346
Category: Business & Economics
Page: 224
View: 1212
An economic analysis of the General Agreement on Tariffs and Trade and the World Trade Organization.

    • Business & Economics

War, Wine, and Taxes

The Political Economy of Anglo-French Trade, 1689-1900
Author: John V. C. Mokyr,John V. C. Nye
Publisher: Princeton University Press
ISBN: 9780691129174
Category: Business & Economics
Page: 174
View: 3284
'War, Wine, and Taxes' debunks the myth that Britain was a free-trade nation during and after the industrial revolution, by revealing how the British used tariffs - notably on French wine - as a mercantilist tool to politically weaken France and to respond to pressure from local brewers and others.

China and WTO Dispute Settlement

The Political Economy of Compliance
Author: Yenkong Ngangjoh-Hodu,Zhang Qi
Publisher: N.A
ISBN: 9781783473847
Category:
Page: 284
View: 5188
The concept of compliance of World Trade Organization (WTO) law as part of international economic law is examined in this discerning book. The issue of compliance is examined through a broad perspective, considering the key conceptual issues which continu

    • Political Science

The Global Political Economy of Raúl Prebisch


Author: Matias E. Margulis
Publisher: Taylor & Francis
ISBN: 1315414600
Category: Political Science
Page: 236
View: 4622
The Global Political Economy of Raúl Prebisch offers an original analysis of global political economy by examining it through the ideas, agency and influence of one of its most important thinkers, leaders and personalities. Prebisch’s ground-breaking ideas as an economist – the terms-of-trade thesis and the economic case for state-led industrialization – changed the world and guided economic policy across the global South. As the head of two UN bodies – the Economic Commission for Latin America and the Caribbean (ECLAC) and later the United Nations Conference on Trade and Development (UNCTAD) – he was at the frontline of key North–South political struggles for a fairer global distribution of wealth and the regulation of transnational corporations. Prebisch increasingly came to view political power, not just economic capabilities, as pivotal to shaping the institutions and rules of the world economy. This book contextualizes his ideas, exploring how they were used and their relevance to contemporary issues. The neoliberal turn in economics in North America, Western Europe and across the global South led to an active discrediting of Prebisch’s theories and this volume offers an important corrective, reintroducing current and future generations of scholars and students to this important body of work and allowing a richer understanding of past and ongoing political struggles.

    • Political Science

Analyzing the Global Political Economy


Author: Andrew Walter,Gautam Sen
Publisher: Princeton University Press
ISBN: 9781400837809
Category: Political Science
Page: 296
View: 3746
Ideally suited to upper-undergraduate and graduate students, Analyzing the Global Political Economy critically assesses the convergence between IPE, comparative political economy, and economics. Andrew Walter and Gautam Sen show that a careful engagement with economics is essential for understanding both contemporary IPE and for analyzing the global political economy. The authors also argue that the deployment of more advanced economic theories should not detract from the continuing importance for IPE of key concepts from political science and international relations. IPE students with little or no background in economics will therefore find this book useful, and economics students interested in political economy will be alerted to the comparative strengths of political science and other social science disciplines. A concise look at the foundations of analysis in the political economy of global trade, money, finance, and investment Suitable for upper-undergraduate and graduate students with some or no economic background Techniques and findings from a range of academic disciplines, including international relations, political science, economics, sociology, and history Further reading and useful weblinks including a range of relevant data sources, listed in each chapter

    • Political Science

The Political Economy of International Trade


Author: Edward D Mansfield
Publisher: World Scientific
ISBN: 9814644307
Category: Political Science
Page: 388
View: 411
This volume includes many of Edward D Mansfield's contributions to research on the political economy of trade. Among the topics addressed are the effects of power relations and international economic institutions on trade flows, the influence of domestic politics on trade policy, the factors that shape the mass public's attitudes toward trade, and the determinants of the formation and expansion of international trade agreements. The Political Economy of International Trade is an essential reference for scholars and graduate students interested in the international political economy. Contents:Systemic Approaches to the International Trading System:The Concentration of Capabilities and International TradePower Politics and International TradeAlliances, Preferential Trading Arrangements, and International TradeInternational Institutions and the Volatility of International TradeThe Political Economy of Trade Policy and Trade Attitudes:The Political Economy of Nontariff Barriers: A Cross-National AnalysisFree to Trade: Democracies, Autocracies, and International TradeVotes and Vetoes: The Political Determinants of Commercial OpennessSupport for Free Trade: Self-Interest, Sociotropic Politics, and Out-Group AnxietyThe Political Economy of Preferential Trading Agreements:The Proliferation of Preferential Trading ArrangementsWhy Democracies Cooperate More: Electoral Control and International Trade AgreementsVetoing Co-operation: The Impact of Veto Players on Preferential Trading ArrangementsMultilateral Determinants of Regionalism: The Effects of GATT/WTO on the Formation of Preferential Trading ArrangementsThe Expansion of Preferential Trading Arrangements Readership: Postgraduates, researchers, academics, and policymakers interested in international political economics. Key Features:Covers a much broader range of topics than other competing titlesAddresses the international influences on trade flows, the domestic influences on both trade flows and trade policy, and how individuals in the United States perceive trade, and also addresses the international and domestic influences on trade agreements between countries The author and his co-authors are among the most prominent scholars of international political economy Keywords:Political Economy;International Trade;Globalization

    • Social Science

Breaking the WTO

How Emerging Powers Disrupted the Neoliberal Project
Author: Kristen Hopewell
Publisher: Stanford University Press
ISBN: 1503600025
Category: Social Science
Page: 288
View: 5142
The world economic order has been upended by the rise of the BRIC nations and the attendant decline of the United States' international influence. In Breaking the WTO, Kristen Hopewell provides a groundbreaking analysis of how these power shifts have played out in one of the most important theaters of global governance: the World Trade Organization. Hopewell argues that the collapse of the Doha Round negotiations in 2008 signals a crisis in the American-led project of neoliberal globalization. Historically, the U.S. has pressured other countries to open their markets while maintaining its own protectionist policies. Over the course of the Doha negotiations, however, China, India, and Brazil challenged America's hypocrisy. They did so not because they rejected the multilateral trading system, but because they embraced neoliberal rhetoric and sought to lay claim to its benefits. By demanding that all members of the WTO live up to the principles of "free trade," these developing states caused the negotiations to collapse under their own contradictions. Breaking the WTO probes the tensions between the WTO's liberal principles and the underlying reality of power politics, exploring what the Doha conflict tells us about the current and coming balance of power in the global economy.

    • Political Science

The Political Economy of International Relations


Author: Robert Gilpin
Publisher: Princeton University Press
ISBN: 140088277X
Category: Political Science
Page: 472
View: 396
After the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on Tariffs and Trade (now the World Trade Organization), the World Bank, and the International Monetary Fund--were threatened by growing economic nationalism in the United States, as demonstrated by increased trade protection and growing budget deficits. In this book, Robert Gilpin argues that American power had been essential for establishing these institutions, and waning American support threatened the basis of postwar cooperation and the great prosperity of the period. For Gilpin, a great power such as the United States is essential to fostering international cooperation. Exploring the relationship between politics and economics first highlighted by Adam Smith, Karl Marx, and other thinkers of the eighteenth and nineteenth centuries, Gilpin demonstrated the close ties between politics and economics in international relations, outlining the key role played by the creative use of power in the support of an institutional framework that created a world economy. Gilpin's exposition of the in.uence of politics on the international economy was a model of clarity, making the book the centerpiece of many courses in international political economy. At the beginning of the twenty-first century, when American support for international cooperation is once again in question, Gilpin's warnings about the risks of American unilateralism sound ever clearer.

    • Political Science

The Travels of a T-Shirt in the Global Economy

An Economist Examines the Markets, Power, and Politics of World Trade
Author: Pietra Rivoli
Publisher: John Wiley & Sons
ISBN: 9780470456422
Category: Political Science
Page: 336
View: 6729

    • Political Science

Trading Blocs

States, Firms, and Regions in the World Economy
Author: Kerry A. Chase
Publisher: University of Michigan Press
ISBN: 9780472022892
Category: Political Science
Page: 328
View: 2667
Global commerce is rapidly organizing around regional trading blocs in North America, Western Europe, Pacific Asia, and elsewhere--with potentially dangerous consequences for the world trading system. Professor Kerry Chase examines how domestic politics has driven the emergence of these trading blocs, arguing that businesses today are more favorably inclined to global trade liberalization than in the past because recent regional trading arrangements have created opportunities to restructure manufacturing more efficiently. Trading Blocs is the first book to systematically demonstrate the theoretical significance of economies of scale in domestic pressure for trading blocs, and thereby build on a growing research agenda in areas of political economy and domestic politics. "Chase has written a superb book that provides us with an innovative and compelling explanation for the development of trading blocs." --Vinod Aggarwal, Director, Berkeley APEC Study Center, University of California, Berkeley Kerry A. Chase is Assistant Professor of Political Science at Tufts University.

    • Political Science

Votes, Vetoes, and the Political Economy of International Trade Agreements


Author: Edward D. Mansfield,Helen V. Milner
Publisher: Princeton University Press
ISBN: 0691135304
Category: Political Science
Page: 211
View: 4456
Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement. These agreements foster economic integration among member states by enhancing their access to one another's markets. Yet despite the importance of PTAs to international trade and world politics, until now little attention has been focused on why governments choose to join them and how governments design them. This book offers valuable new insights into the political economy of PTA formation. Many economists have argued that the roots of these agreements lie in the promise they hold for improving the welfare of member states. Others have posited that trade agreements are a response to global political conditions. Edward Mansfield and Helen Milner argue that domestic politics provide a crucial impetus to the decision by governments to enter trade pacts. Drawing on this argument, they explain why democracies are more likely to enter PTAs than nondemocratic regimes, and why as the number of veto players--interest groups with the power to block policy change--increases in a prospective member state, the likelihood of the state entering a trade agreement is reduced. The book provides a novel view of the political foundations of trade agreements.

    • Business & Economics

The Ashgate Research Companion to International Trade Policy


Author: Kenneth Heydon
Publisher: Routledge
ISBN: 1317043081
Category: Business & Economics
Page: 592
View: 834
This volume provides a state of the art review of current thinking on the full range of trade policy issues, addressing the economic and political dimensions of international trade policy. The volume contains a systematic examination of: - specific trade policy instruments (such as tariffs, non-tariff barriers and trade rules) - sectoral concerns (in agriculture, manufacturing and services) - trade linkages (to issues such as the environment and labour standards) - systemic considerations (what role for the WTO?) The organising theme of the volume is that open markets for trade and investment yield large potential gains in human welfare as long as trade policy is conducted as an integral part of broader domestic economic management and regulatory reform, and as long as the particular challenges facing developing countries are effectively addressed. This 'case' is presented on the basis of rigorous analysis of first principles and of empirical experience among key trading nations. An integrated set of original and comprehensive perspectives from a diverse group of experts, linked by a common organisational thread. The contributing authors create an ideal mix of internationally recognised experts together with younger specialists making their mark in trade policy analysis; academics as well as trade policy practitioners; and representatives of both developed and developing countries.

    • Political Science

Global Political Economy

Understanding the International Economic Order
Author: Robert Gilpin
Publisher: Princeton University Press
ISBN: 140083127X
Category: Political Science
Page: 440
View: 7216
This book is the eagerly awaited successor to Robert Gilpin's 1987 The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Gilpin's Global Political Economy considers each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, and technological forces that have transformed the world. He gives particular attention to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin integrates economic and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field.

    • Business & Economics

Trade, Development, and Political Economy in East Asia

Essays in Honour of Hal Hill
Author: Prema-Chandra Athukorala,Arianto A. Patunru,Budy P. Resosudarmo
Publisher: Institute of Southeast Asian Studies
ISBN: 981462005X
Category: Business & Economics
Page: 278
View: 2237
This volume is a tribute to Professor Hal Hill, one of the most distinguished and internationally renowned Australian development economists and the single most important Australian figure in the networks that bind the Australian and Southeast Asian economics professions over the past four decades. The volume contains twelve original contributions by distinguished scholars who are at the forefront of their own subject areas. The contributions are thematically arranged into three parts to reflect Professor Hill’s wide-ranging research interests: trade policy issues central to the development policy debate, structural change and global economic integration in East Asian economies, and the political economy of development policy.

    • Business & Economics

The World Trading System

Challenges Ahead
Author: Jeffrey J. Schott,Institute for International Economics (U.S.)
Publisher: Peterson Institute
ISBN: 9780881322354
Category: Business & Economics
Page: 329
View: 6692
This text offers recommendations to deal with issues such as investment, environment, trade, labour standards, and accession to the WTO. It discusses: the Uruguay Round accords; the remaining barriers to trade; regional and multilateral initiatives; and the political support for negotiations.

    • Business & Economics

China and the WTO

changing China, changing world trade
Author: Supachai Panitchpakdi,Mark Clifford
Publisher: Wiley
ISBN: N.A
Category: Business & Economics
Page: 251
View: 2513
It is a clear signal that China is ready to take its place amongst the global economic powerhouses and that it is prepared to play by its rules. This book, by the next Head of the WTO, explains the importance of this event and its implications for the future of world trade.

    • Business & Economics

Trade and Civilisation

Economic Networks and Cultural Ties, from Prehistory to the Early Modern Era
Author: Kristian Kristiansen,Thomas Lindkvist,Janken Myrdal
Publisher: Cambridge University Press
ISBN: 1108425410
Category: Business & Economics
Page: 594
View: 770
Provides the first global analysis of the relationship between trade and civilisation from the beginning of civilisation until the modern era.