European agricultural policy is too often a tangled web of technicalities wrapped in incomprehensible jargon. Yet it deals with the most basic human requirement - food. This work attempts to explain the complexities of the Common Agricultural Policy (CAP), the 1994 General Agreement of Tariffs and Trade (GATT) and the changes that are being forced on agricultural policy in Europe by environmental legislation, biotechnology and political change. Reforms of the CAP were agreed in 1992. Explaining the reform programme in detail, the book goes on to question the effectiveness of the reform and suggests that they will do nothing to diminish the costliness of the CAP or prevent European farm production overstepping the limits imposed by the 1994 GATT agreement. Referring to a wide geographical range of European case material, the author challenges the common assumption that in a world apparently short of food it makes sense to expand high-cost European farm production. It is clear that continued over-production will inevitably lead to new political conflicts with America and other major agricultural exporting nations.

This title was first published in 2003. India's tax revenues depend on manufacturing while agriculture and services generate employment. WTO's Uruguay and Doha rounds imply large tariff cuts. This affects the competitiveness of the Indian manufacturing sector and has implications for government deficits. Excessive dependence on indirect taxes and subsidies to regulate markets introduces distortions and is incompatible with free market principles. The book analyses welfare implications of fiscal and trade policies for India. To put the results in perspective, developments in trade theory, public finance and Computable General Equilibrium (CGE) modelling are covered. Theoretical results are juxtaposed with empirical findings from these models. Methodology to construct CGE models is also covered. The trade model covers tariff cuts under various assumptions besides incorporating "new trade theory". As tax reforms and tariff cuts are independent, past tax reforms like MODVAT (MODified VAT) and proposed reforms like VAT, elimination/reduction of subsidies are covered using a separate tax model.

Britain's Place in the World examines the establishment and effectiveness of import controls, particularly quotas. Placing quotas back in the centre of British history, Milward and Brennan make some radical claims for Britain's economic performance in a global context.
Looking into a wide variety of industries from motorcars to typewriters, raw chemicals to food produce, they examine the intended and actual obstruction to imported goods represented by quotas, and the political and financial ramifications beyond the statistics.
This is the fourth book to be published in the Routledge Explorations in Economic History series.

In an era of globalization, trade in goods and cross-border services and capital flows play a key role in determining the economic growth path of countries. Over the last two decades, countries have embarked on several alternate tracks to liberalize and deepen their linkage with the world economy. The growing trade-investment nexus and the emerging developments lead to deeper international production networks, rise in cross-border trade in services and in regional trade agreements and so on. The debate of whether it is possible to empirically validate the potential benefits of this deepening trade-investment linkage is ongoing. The evidence in literature is, however, ambiguous. This book contributes to the literature by looking at Asian economies and at the EU, Maghreb countries and Pacific Island economics. It examines the issues under four broad areas, namely: (1) trade: theoretical and policy issues, (2) factor flows: impact on trade and welfare, (3) impact of trade and factor flows on environment and (4) institutions, international trade and policy issues.

This text examines the process of trade policy making in Japan and takes the US/Japan trade talks of the mid 1980s as a focal case study. Four key areas are covered: pharmaceuticals; telecommunications; electronics; and forestry products. It should be of use to academics and policy makers alike by highlighting Japan's trade policy against the background of domestic imperatives.

This study of the Anglo--Dutch Wars (1652-54, 1665-67, 1672-74) sets them in their naval, political and economic contexts. Competing essentially over trade, both governments were crucially influenced by mercantile interests and by the representative institutions that were central to England and the Dutch Republic. Professor Jones compares the effectiveness of the governments under pressure - English with Dutch, Commonwealth with restored monarchy, Republican with Orangist - and the effects on their economies; and examines the importance of the wars in accelerating the formation of a professional officer corps and establishing battle tactics that would endure throughout the age of sail.

First published in 1986, this book examines international trade, offering different theories and considering contemporary developments. Professor Hazari connects these theories and developments, such as theories of comparative advantage and factor-price differentials, to economic expansion and terms of international trade. Many key economic problems are related to the theory of international trade, problems such as tariffs, the dependency of developing countries and changing patterns of world trade, and the book shows how theory impinges on these other important issues. The theory of international trade is a popular and widely taught specialism within economics. This book surveys the pure theory which forms the core of the topic.

This title was first published in 2000. Illustrated by a wide range of international case studies, this volume elaborates, extends and critiques one of the key models of local growth, which emphasizes learning, networking and 'embeddedness' in relation to the role of small and medium-sized firms (SMEs). In doing so, it provides a comprehensive understanding of the changing role of SMEs in an era of globalization.

This volume of specially commissioned essays, written by leading experts in the field, is designed to offer an up-to-date overview of the theory of international trade and its applications. The essays are not only designed for advanced undergraduate and graduate students but also to allow professional economists a ready insight into the main developments in the subject over the last decade.

The ground covered in the discipline is all encompassing and the reader is introduced to a wider menu of analytical tools than most textbooks permit. The readings thus provide both a thorough supplement to existing textbooks and an excellent introduction to international trade.

This book focuses on the normative side of trade theory and is divided into five parts:
* trade under perfect competition;
* restricted trade under perfect competition;
* trade under imperfect competition and other distortions;
* Compensation: lumpsum, non-lumpsum or neither?
* International trade

A collection by founders and early leaders of the International Monetary Fund (IMF), the World Bank, and the General Agreement on Tariffs and Trade (GATT), presenting the current thinking on the past, present and future of the postwar system of international finance and trade.

A collection by founders and early leaders of the International Monetary Fund (IMF), the World Bank, and the General Agreement on Tariffs and Trade (GATT), presenting the current thinking on the past, present and future of the postwar system of international finance and trade.

The economic crisis which has hit Africa since 1985 is raising questions about Africa's future position in World Trade and whether it has any chance of developing a competitive industrial structure. Presenting studies of 55 exporting manufacturers in six African countries, this collection examines the question of why some firms in the Sub-Saharan economies have been able to develop export trade, despite generally unfavourable circumstances. In particular the papers seek to understand how these firms have been able to sustain their competitiveness in the face of rapid technological change in the international economy in the context of the threats and promises such change presents to Africa. A case is made for selective complementary investments by governments to build the technological capabilities which are necessary for attaining and maintaining competitiveness. The papers present empirical research and a framework which should be of interest to academics in the development field and to government as well as international policy makers.

"Trade, Aid and Global Interdependence" introduces trade as both concept and activity, placing aid wihting the context of trade in practice. The trend towards the globalization of trade, especially in the light of GATT and its emphasis on greater integration of economies throughout the world, means developing countries increasingly want both trade and aid, as aid alone is insufficient to bring about growth and economic development. Using a number of Third World case studies from Africa, Asia and Central and Latin America, this book analyzes this competitive partnership of international trade and economic development and discusses how various development strategies have been devised to respond to particular economic, social and environmental challenges.
"Trade, Aid and Global Interdependence" is a comprehensive introduction to the complex topic of international trade and provides an important evaluation of global development--past, present and future.

This work covers in depth the new patterns of manufacturing and technology transfer that are emerging as Japanese companies seek to harness Asia's technological resources, and to utilise them to compete both regionally and globally.

Orthodox trade and growth theory, and the world's multilateral development institutions, extol the virtues of trade liberalisation and free trade for more rapid economic development of poor countries. However, the contemporary reality and history seem to tell a different story. The world economy has experienced an unprecedented period of trade liberalisation in the last thirty years, and yet international and global inequality is widening; domestic poverty (outside of China) is increasing; poor countries' exports have grown more slowly than their imports leading to balance of payments crises, and the so-called globalising economies of the world (excluding China and India) have fared no better, and in some cases worse, than those countries that have not liberalised so extensively. This book argues that orthodox theory is based on many unreal assumptions, and that there are sound economic arguments for selective protection of industrial activities in the early stages of economic development. The historical evidence of the now-developed countries also illustrates this fact. With supporting empirical evidence, this book provides a powerful theoretical critique of orthodox trade theory. It will be of great interest to students taking courses in international trade and development economics, as well as to professional economists and policymakers in international development institutions.

Over the course of his life, Keynes often abandoned ideas previously developed and at times assumed positions which were contradictory to his earlier thought. This inconsistency, it is charged, is especially true of his thinking in the field of international economics where he alternated between fee trade and protection. This book, first published in 1987, examines in detail the positions that Keynes adopted in the years 1909-1946.

The postwar era was characterized by unprecedented economic expansion. The growth in international trade contributed significantly to this expansion, the growth being the product of the reduction of tariff barriers. As protectionism increased in the 1970s and 80s, the use of non-tariff barriers rose dramatically. This book, first published in 1993, explores how the use of one such barrier, antidumping laws, influenced the US economy.

The 1980s saw an alarming revival of protectionism among Western countries, as a result of a decade of persistent economic crises, slow growth, industrial decline and rising unemployment. The two major actors, the US and the European Community, between them bore the major responsibility for the breakdown of the liberal world trading system. Protection in the 1970s and 1980s took the form of replacing free international markets by bilateral agreements. This book, first published in 1986, examines the European Community's Generalized System of Preferences, whereby the manufactured exports of developing nations would have duty-free access to the markets of the EEC, and the consequences to this System of the new protectionism.

Together with efforts to control the arms race, commercial issues were a central feature of relations between the United States and the Soviet Union in the 1970s. There was a clear recognition that trade and economic issues were of key importance to political relations. This book, first published in 1987, is a comprehensive analysis of the views and perceptions held by Soviet Area Executives of US 'trade actor' companies in the critical years 1975-76. It focuses on the key issues of overall US-Soviet relations which formed the environment for commercial relations between the superpowers.

This Chatham House Paper, first published in 1982, examines the problem of extraterritoriality. A wide range of economic activity is subject to the laws of more than one state, yet there is little provision for resolving situations where states impose contradictory requirements. This paper is particularly concerned with four areas of difficulty: extraterritorial anti-trust enforcement; overlapping regulatory claims; economic regulation for political aims; and different approaches to adjudication.

Ever since China and Vietnam resumed diplomatic contacts and reopened the border in 1991, the borderland region has become part of the vibrant growing economies of both countries and drawn many from the interior provinces to the borderland for new economic adventures. This book examines Chinese-Vietnamese relationships at the borderland through every day cross-border interaction in trade and tourism activities. It looks into the historical underlining of bilateral relations of the two countries which often shape people's perceptions of the 'other' and interpretation of intentions of acts in their daily interaction. Albeit Chinese and Vietnamese have lived side by side for centuries, their interaction in the space of trade and modern tourism in post-war and post-reform China and Vietnam is something novel to both people. The book provides a 'bottom-up' approach to examine the localized experiences of inter-state relations. It illustrates the changes the vibrant economic process has brought to the borderland communities, and how the revived contacts and interaction have generated a contested space for examining Vietnamese-Chinese relationships and demonstrating trans-border cultural politics. A novel study of the strategic development of the borderland within the new political economy at China-Southeast Asia border region, this book is of interest to academics in the field of Anthropology, Border Studies, Social and Cultural Studies and Asian Studies.

This book, first published in 1888 and reprinted in 1974, offers a history of US protective tariffs and their consequences for that country's international trade, particularly with Great Britain. Its aim was to present to the reader the arguments for and against the opposing principles of protection and free trade, and in this it is successful - the book is a comprehensive analysis of the issue, seen from a time when the debate was perhaps at its most intense.

Competition and free trade are both concepts which are absolutely central for the understanding of human societies but are also often the subjects of fears and criticisms. It is argued that it is not possible to understand what competition really is without referring to the concept of freedom, and that free trade must be understood as the way to expand the scope of competition. This book uniquely analyses the two concepts as closely interlinked, by approaching them in two parts. The first, 'Competition', introduces the reader to the traditional competition model, and explores the dynamics and range of the term in an authoritative way. The second part, 'Free Trade' examines the different types of trade, and analyses them in a wealth of contexts, from customs duties to import quotas. With discussions surrounding protectionist arguments, politics, liberalization and history, the author presents an overview of how competition and free trade operate in the real world. This book dispels the fears and misunderstandings which have developed around these central pillars of the modern economy and is essential reading for those studying international economics, international trade, political economy or corporate finance.

"Product standards, regulations, and conformity assessment procedures are important and necessary, but they also, at times, threaten the free flow of goods in international markets and the competitive positions of many exporters, including those in the United States. The barriers to trade that may result form product standards and regulations may be inadvertent or deliberate. The problem cuts across a wide array of industries, from motor vehicles to computers to televisions to food and beverages. This book, part of the Brookings Integrating National Economies series, is the first to blend careful economic and legal analysis of technical barriers. Alan O. Sykes illustrates how standards and regulations create trade barriers, explores the extent of the problem, and considers the possible policy responses. The effects of technical barriers are hard to measure. They are often hidden in the costs of modifying a product to meet a standard or regulation, in the costs of testing and certification procedures, and in the ways that noncompliance with a standard may affect consumer purchasing decisions. Sykes identifies why heterogeneity in standards and regulations may arise across jurisdictions and assesses the desirability of eliminating it in various settings. Sykes also presents an extensive and insightful overview of current international efforts to police technical barriers in the WTO/GATT system, in the European Union, in the U.S. federal system, and NAFTA. He shows how least-restrictive means principles and their corollaries can do much to reduce technical barriers, while stopping short of impinging on the legitimate exercise of national sovereignty. Efforts to harmonize internatioal policies and set common standards and regulations have been under way for decades. Sykes evaluates the harmonization activities of institutions such as the International Organization for Standardization, the Codex Alimentarius, and the European Commission. The final chapter assesses the adequacy of existing efforts to address technical barriers, suggesting where further progress might be made, and discusses the special problems of developing countries. A volume of Brookings' Integrating National Economies Series "