'A compelling contribution to our evolving understanding of the links between trade, aid and security and what the international community needs to do to ensure peace and development in the world.' Achim Steiner, Executive Director, United Nations Environment Programme 'For far too long the international community ahs stood by while countries around the world descend into conflict and anarchy. We need to understand how we can engage more effectively with fragile and failing states. Trade, Aid and Security is an important step in this direction.' Jan Pronk, Special Representative of the UN General Secretary in Sudan and Former Minister of Development and the Environment, The Netherlands. 'As we begin to contemplate what the post-Iraq world will look like it is vital that we reflect on the limits of the utility of hard power and the importance that development can play in avoiding failed states before they fail, preventing conflicts and more successfully re-building states. This timely book makes a most important contribution to that process.' Lord Paddy Ashdown, UN High Representative for Boznia and Herzegovina, 2002 2006 Leader of UK Liberal Democrat Party, 1988 1999 'As UN Special Representative to the Great Lakes Region of Africa I have seen the devastating impact of the trade in conflict resources with my own eyes. Amongst much else, this book shows how different trade and aid politics can tackle the trade in conflict resources and make a real contribution to secure societies. It is essential reading.' Mohamed Sahnoun, Special Representative of the UN Secretary General in Central and East Africa. Iraq, Afghanistan, Darfur. All resonate loudly on the international stage, exposing and illustrating the intractable links between global security, control over naturals resources be it oil, water, timber or 'conflict diamonds' and the manipulation of foreign aid and international trade policy. This volume, written by leading authorities from across the globe, introduces the linkages between trade, aid and security, and exposes how inappropriate or misused trade and aid policy can and do undermine security and contribute to violence and the disintegration of national states. On a practical level they demonstrate how six key areas of trade and aid policy can be used to help forge stability and security, reduce the likelihood of armed conflict, and assist economic and political recovery in our war-torn world.

American Business and Public Policy is a study of the politics of foreign trade. It challenges fifty years of writing on pressure politics. It includes nine hundred interviews with heads of corporations, including 166 of the 200 largest corporations; another 500 interviews with congressmen, lobbyists, journalists, and opinion leaders; and eight community studies making this book the most intensive survey in print of the politics of business. It is a realistic behavioral examination of a major type of economic decision. The authors introduce their study with a history of the tariff as a political issue in American politics and a history of American tariff legislation in the years from Europe's trade recovery under the Marshall Plan to the challenge of the Common Market. They examine in succession the changing attitudes of the general public and the political actions of the business community, the lobbies, and Congress. American Business and Public Policy is a contribution to social theory in several of its branches. It is a contribution to understanding the business community, to the social psychology of communication and attitude change, to the study of political behavior in foreign policy. American Business and Public Policy is at once a study of a classic issue in American politics--the tariff; decision-making, particularly the relation of economic to social-psychological theories of behavior; business communication--what businessmen read about world affairs, what effect foreign travel has on them, where they turn for political advice, and how they seek political help; pressure politics, lobbying, and the Congressional process.

An original and systematic synthesis of the major postwar developments in theory and policy of balance-of-payments adjustment, this book focuses on the present-day system of pegged-but-adjustable exchange rates and the problems that policy authorities must face if they are to attain full employment, price stability, balance-of-payments equilibrium, and a satisfactory rate of economic growth. The dominate theme of this book is that any system of exchange rates carries with it assumptions about the way it works and how effective the automatic and policy-motivated forces operate to bring about equilibrium in a country's balance of payments. By analyzing balance-of-payments adjustment and policies under alternative exchange-rate systems, and with different assumptions concerning the level of employment and prices, it is possible to embrace a wide variety of contemporary and historical circumstances experienced by individual countries and the world as a whole. In this way the author assesses the economic consequences of the different exchange-rate systems and of the policies that countries may follow to attain their national objectives. In particular it appears to Professor Stern that the international monetary turmoil of the past ten years can be traced to the exchange-rate inflexibilities of the adjustable-peg system and to the creation of excessive reserves under the dollar standard. He demonstrates that the international monetary system must be redesigned to permit greater exchange-rate inflexibility and control over the creation of new international reserve assets. "Robert M. Stern" is professor emeritus of economics and public policy at the University of Michigan, Ann Arbor. He is the co-director of the Research Seminar in International Economics at the Gerald R. Ford School of Public Policy. He is also head of the Ford School International Concentration and the Ford school program of research on U.S. Japan international economic relations.

This new volume examines the influence of trade and empire from 1689 to 1815, a crucial period for British foreign policy and state-building.

Jeremy Black, a leading expert on British foreign policy, draws on the wide range of archival material, as well as other sources, in order to ask how far, and through what processes and to what ends, foreign policy served commercial and imperial goals during this period. The book is particularly interested in the conceptualization of these goals in terms of international competition, and how the contours and contents of this conceptualization altered during this period. Trade, Empire and British Foreign Policy, 1689-1815 also analyzes how the relationships between trade, empire and foreign policy were perceived abroad and how this contributed to an analysis of Britain as a distinctive state, and with what consequences.

This book will be of much interest to students of British imperial history, diplomatic history and international history in general.

Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well-known theory on international trade, and then take the student into more recent and less well-known work, all with a careful balance between empirical and theoretical perspectives. A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. An Instructor's Manual is available to professors who adopt the text.

Unlike any other text on international trade, this groundbreaking book focuses on the dynamic long-run relationship between trade and economic growth rather than the static short-run relationship between trade and economic efficiency. The authors begin with well known theory on international trade, and then take the student into more recent and less well known work, all with a careful balance between empirical and theoretical perspectives. A valuable teaching tool for courses in international economics, economic growth, and economic development at both the undergraduate and graduate levels, the book uses some very modest algebra, calculus, and statistics. However, most analytical discussions are built around diagrams in order to make the text accessible to students with a variety of social science backgrounds. An Instructor's Manual is available online to professors who adopt the text.

Written for international trade lawyers, practitioners and students from common law and civil law countries, this casebook will help practitioners and students assimilate knowledge on the CISG. The cases, texts and questions aid readers in their comparative law and international sales law studies, drawing attention to the particular issues surrounding specific CISG provisions and provoking careful consideration of possible solutions. In addition to this book's function as a didactical aid, it is a reference work for leading cases and an introduction to the individual problem areas. In particular, it acts as a preparatory and complementary work for the Willem C. Vis International Commercial Arbitration Moot.

Written for international trade lawyers, practitioners and students from common law and civil law countries, this casebook will help practitioners and students assimilate knowledge on the CISG. The cases, texts and questions are intended to aid readers in their comparative law and international sales law studies, and are designed to draw attention to the particular issues surrounding specific CISG provisions and to provoke careful consideration of possible solutions. In addition to this book's function as a didactical aid, it is a reference work for leading cases and an introduction to the individual problem areas. In particular, it acts as a preparatory and complementary work for the Willem C. Vis International Commercial Arbitration Moot.

The discourse on globalization has become polarized. Proponents consider globalization as the silver bullet for targeting growth in the world economy and for poor countries specifically, while opponents see it as the poisoned arrow of exploitation and impoverishment of the Third World. Splendidly edited, The Asymmetries of Globalization deals with the 'what' and 'how' but primarily with 'why' globalization has most often negative outcomes for developing countries. It breaks new ground in approaching globalization not only as trade commodities, but also as trade in positional goods ('decommodified trade.') The two novel and munificent forms of post-Ricardian decommodified trade, trade in services and trade in hard currency in the form of currency substitution, are sculpted in the introductory chapter as the foundation of the systematic asymmetries of globalization. The analytical approach of introducing 'positional goods' in the form of decommodified trade, in the discource on globalization, is original. It is also timely in a situation where the tail of trade in 'services' has grown enough to wag the traditional trade-in-commodities dog of globalization. The balance of the chapters in this volume constitute a tapestry of case studies that elaborate and empirically investigate the causes of systematic asymmetries of globalization. The book's appeal transcends economics to make it also highly useful to students across the disciplines of sociology and political science, especially in the fields of international political economy and the politics of international trade. It will certainly enlighten all those working in the general areas of globalization, poverty and economic development.

Trade finance is of great importance in the commercial world, for both students (undergraduate and postgraduate) and practitioners. The choice of countries in export trade is often perception-based: trade with government departments or public institutions is seen as much safer than with private entities and the choice of countries is often based on that perception of risk.

This book:

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• addresses issues and topics which are relevant to all jurisdictions in the world
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• explains the various types of trade finance, how they may be raised and the legal issues pertaining to them
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Value for those wanting to understand the legal issues of sources of trade finance in both the developed and developing countries, this book will interest students studying the interaction between law and commerce.

Based on information derived from interviews with the employees of over 30 companies in the People's Republic of China, this is the first book-length study to analyze China's turn to the outside world since 1976. The author presents both a detailed historical perspective and an interpretive explanation of China's opening, making this a unique contribution to the literature of contemporary China. By combining a traditional interest group analytical approach with a new hypothesis of 'empowering' grassroots change, Woetzel offers political scientists, businessmen with an interest in China trade, and economists a new, more complete understanding of the current business, political and economic climate in the People's Republic of China and the opportunities it presents for the West.

Divided into three parts, the book begins with a detailed overview of the Opening as a political and economic strategy. Here Woetzel demonstrates that the Opening began as a scheme devised by the reform leadership in an effort to attack China's feudal economy. In the second section, Woetzel addresses the actual impact of this radical change in government policy. Following a discussion of domestic developments and the policy's impact on China's trading partners, Woetzel offers an invaluable examination of ventures in China -- a particular important chapter for those considering doing business there. In the final section Woetzel demonstrates that the long-term impact of the Opening has been to give new abilities to the individual Chinese, thus presenting the leadership with a major policy dilemma: they can either create new conditions which foster the expansion of individual abilities or face a potential revolution of rising expectations.

What affects the supply of oil? How important is the weather in determining grain prices? Why has the price of copper skyrocketed? This unique book analyses the economics of key commodity groups, including energy, agriculture and metals. It examines the supply/demand fundamentals of several major and minor commodities, physical characteristics, production and consumption patterns, trade flows and pricing mechanisms. It also explains the main tools used to hedge price risk, such as futures, options and swaps. This second edition has been fully revised and restructured, and contains four new chapters, including oil refining, electricity and price risk management for energy, metals and agricultural commodities This book is an indispensable reference text for students, academics and those working in the commodity business.

This book brings together the latest research in the areas of market microstructure and high-frequency finance along with new econometric methods to address critical practical issues in these areas of research. Thirteen chapters, each of which makes a valuable and significant contribution to the existing literature have been brought together, spanning a wide range of topics including information asymmetry and the information content in limit order books, high-frequency return distribution models, multivariate volatility forecasting, analysis of individual trading behaviour, the analysis of liquidity, price discovery across markets, market microstructure models and the information content of order flow. These issues are central both to the rapidly expanding practice of high frequency trading in financial markets and to the further development of the academic literature in this area. The volume will therefore be of immediate interest to practitioners and academics. This book was originally published as a special issue of European Journal of Finance.

Since the 9/11 attacks the world has witnessed the creation of both domestic and international legal instruments designed to disrupt and interdict the financial activities of terrorists. This book analyses the counter-terrorist financing law (CTF), policy and practice at the national level, focusing on Turkey. The work examines the limits and capabilities of CTF efforts on terrorism threats and determines the effectiveness of CTF efforts in Turkey, a country which has a pivotal role in terms of countering terrorism regionally and internationally. The Turkish case-study is supported by an empirical study involving 37 semi-structured interviews with CTF practitioners and law enforcement experts with different affiliations and backgrounds. The findings illustrate that Turkey's CTF system has not obtained an adequate level of effectiveness as a result of lack of proper implementation of its policy in the bureaucratic, legal and operational spheres. It is evident that the administrative and legal systems in Turkey are established according to the 'one-size-fits-all' international CTF standards and thus are compliant with the international CTF benchmarks, yet the interviews reveal significant challenges at the implementation level including lack of training and financial security, heavy handed bureaucracy, inadequate coordination and communication between international and national levels. The book will be an invaluable resource for academics, students and policy-makers working in the areas of financial crime and terrorism.

The book provides theoretical and empirical evidence on how world trade evolves, how trade affects resource allocation, how trade competition affects productivity, how China shock affects world trade and how trade affects large and small countries. It is a useful reference which focuses on new approaches to international trade by looking into country-specific as well as firm-product level-specific cases. "The Open Access version of this book, available at http://www.taylorfrancis.com/books/10.4324/9781351061544, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license."

This is an insightful analysis of the Chinese economy in the context of globalization after China's admission to the WTO. The book is organized into four parts. The first part addresses globalization and privatization. The second part deals with fiscal policy and financial development. The third part focuses on international trade and industrial development, and the fourth part is devoted to economic performance and the labour market. This is an in-depth study that is supported by updated data and quantitative analysis, which provide a rich basis for better understanding possible future directions and challenges of the Chinese economy. This volume is an indispensable source for scholars and students interested in Chinese economic studies and many chapters should also be of interest to a wide range of readers.

The book is the first attempt to offer a holistic and integrated exploration of the political-economic framework underpinning economic regionalism. In doing so it provides a much-needed contribution to the literature on international political economy, international relations and Asian political economy in relation to economic regionalism. The existing literature provides broad generalizations and limited discussion on economic integration (i.e. free trade agreements, FTA) with most analyses of regionalism generally contained to the field of economics with a focus on the welfare implications of FTAs, both for participating countries and the world as a whole. Readers of this book can view economic regionalism from a variety of perspectives with input from Chinese, Japanese and Korean research institutes, business and industry groups, and government officials. Drawing on the considerable country experience and expertise of the authors, the book attempts to unravel the paradox of the market-driven economic globalization process (regionalism) and address a serious gap in the current literature relating to the political-economic characteristics and strategies of China, Japan and Korea in relation to economic regionalism.

This book explores the reasons for the collapse of World Trade Organization (WTO) meetings (as in Seattle in 1999 and Cancun in 2003) and the political conflicts that arose therein. Drawing from a body of literature concerned with how and why institutions emerge and change, and an analysis of the development of multilateral trade regulation that stretches from the creation of the General Agreement on Tariffs and Trade (GATT) in 1947 to the WTO's Hong Kong ministerial meeting in December 2005, the book argues that the political conflicts played out during ministerial meetings are the inevitable product of the way the institution was created and has since developed. It argues that the specific purposes for which multilateral trade regulation was created built into the institution an asymmetry of economic opportunity that has been extended and amplified through time. This asymmetry has come to shape the interaction of member states in such a way that contestation over the shape and direction of the trade agenda - and on occasion the collapse of a ministerial meeting - are inevitable consequences. However, the rather than significantly disrupting the development of the multilateral trade regulation, the book explains why the collapse of ministerial meetings may actually have helped take it forward.

Rorden Wilkinson explores the factors behind the collapse of World Trade Organisation (WTO) ministerials - as in Seattle in 1999 and Cancun in 2003 - and asks why such events have not significantly disrupted the development of the multilateral trading system.

He argues that the political conflicts played out during such meetings, their occasional collapse and the reasons why such events have so far not proven detrimental to the development of the multilateral trading system can be explained by examining the way in which the institution was created and has developed through time.

In addition, this new text:

• explores the development of the multilateral trading system from the creation of the General Agreement on Tariffs and Trade (GATT) in 1947 to the WTO's Hong Kong ministerial in December 2005
• examines the way in which the interaction of member states has been structured by the institution's development
• assesses the impact of institutional practices and procedures on the heightening of political tensions
• and explains why WTO ministerials exhibit a propensity to collapse but why the breakdown of a meeting has so far not prevented the institution from moving forward

This book will be of interest to scholars and students of international politics, economics and law

This book examines the strategic and economic logic behind the Bangladesh-China-India-Myanmar (BCIM) Regional Cooperation. According to estimates, BCIM covers approximately 9 percent of the world's mass and 40 percent of the world's population spanning across four countries, constituting the confluence of East, Southeast and South Asia. It contributes about 13 percent to world trade but ironically only 5 percent to inter-regional trade. This volume compares the various approaches to cooperation - trade-led vs project-led, geo-political vs geo-strategic, Sino-centric vs India-led. The chapters explore the complex interplay of geo-economics and geo-politics associated with BCIM sub-regional cooperation in general, and the BCIM Economic Corridor (BCIM-EC) in particular. It points to the current challenges that impede globalisation and economic growth, and critically reviews implications for the stakeholders, institutional frameworks and the spatial impact of the Corridor, especially on the underdeveloped regions. The book discusses the geo-political, geo-economic and geo-strategic advantages that will accrue to the member countries once the sub-regional cooperation becomes fully functional. It advocates the adoption of best practices from similar sub-regional groupings across the globe. This book will be of great interest to scholars and researchers of politics and international relations, geo-politics, strategic studies, sub-regional cooperation, South Asian studies, India-China relations, foreign trade and economics, besides those dealing with foreign policy and development cooperation. It will especially benefit policymakers, development agencies and strategic think tanks.

Including contributions from such figures as Douglas Irwin, James Foreman-Peck, Kevin O'Rourke and Max-Stefan-Schulze, this key book summarizes the recent empirical research carried out on the issue of the classical period of trade protectionism. It provides a basis for revising widely held views on the standard effects of tariffs on economic structures and progress, as well as a historical perspective on recent developments. Long-held views on modern trade policies have been challenged by the introduction of recent theoretical developments in international economics and in measurement techniques brought about in the 1960s and 70s. One question in particular has attracted attention and has contributed to the bringing to light of a number of previously ignored measurement and interpretation problems: the assessment of French and British nineteenth century trade policies. This noteworthy volume examines the theoretical and practical problems associated with the assessment and measurement of the direct impact of tariffs, prohibitions and quotas on domestic prices, output structure and competitiveness. The contributors also examine the direct and long-run consequences of protectionist measures on particular economies, utilizing evidence from in-depth investigations of trade statistics as well as 'best practice' statistical techniques such as effective protection, elasticity of demand and revealed comparative advantage.

This book examines regional economic integration in West Africa within the context of the institutional evolution of the Economic Community of West African States (ECOWAS). It uses the tools of the New Institutional Economics School to explore the origins and development of the most recent ECOWAS Treaty. Particular attention is given to the interface between domestic legal arrangements and the success of open markets at the regional and international levels. The impetus given to regional integration schemes by the belief that international economic institutions are designed to serve the interests of advanced countries is also considered.

Published in 1997, this book is about the link between trade and the environment which has become a very important national issue for all countries, in particular, those countries which have been undergoing lengthy periods of trade and investment liberalization programmes recently. This has also become an international issue of tremendous current interest given its implications on the global environment and trading system. International organizations such as WTO, OECD, the UN and regional trading arrangements such as NAFTA, EEC and APEC have been actively involved in the policy debate. Despite the critical importance of trade-environment issues, less is known about the linkages between the two. This book presents a New Zealand perspective as a case-study of global interest for two reasons: firstly, many countries, both developed and developing, are taking the New Zealand economic reforms as a model for restructuring their economies. Secondly, New Zealand is going to become a member of APEC (Asia Pacific Economic Co-operation), together with 17 other countries in the area by 2010 (developed countries) and 2020 (developing countries). The book is expected to contribute significantly to the current debate and to assist in the process of reconciliation of trade and environmental policies for sustainable development within the context of APEC integration.

The debates over what African economic integration and development actually entails continue across international economic organizations, national governments and NGOs. Despite the glare of media attention and the position this issue has on international political agendas, few comprehensive accounts exist that fully examine why this process will be inevitable in the 21st century and how integration of national economies can be attuned to attaining the socio-economic goals and aspirations of member-countries. This book addresses this problem. It combines theory with application, enumerating the imperatives and initiatives governments will be forced to confront; providing insights for educators and students in African development, for policy makers in African governments, and for inter-governmental organizations.

There are competing theories to explain the reasons behind the international competitiveness of manufacturing in Asia. Analysing these different theories will bring important lessons, not just for Asia, but for developing economies the world over. This lucid book studies industries and firms in East Asia and examines the major determinants of their economic performance. With contributions from such leading thinkers as Ha-Joon Chang and Rajah Rasiah, the book covers such themes as: *industrial policy and East Asia *Taiwan's information technology industry *The role of the government in technological capability building Manufacturing Competitiveness in Asia touches on many important themes and issues and as such will be of great interest to students, academics and policy-makers involved in industrial economics, international trade and Asian studies.