This CEPS book comprises a first-ever economic and regulatory analysis of a possible Free Trade Area (FTA) between China and the EU, whose design is supposed to be 'deep and comprehensive'. It provides an overview of the global economic environment in which EU-Chinese economic relations have developed in recent years, including global value chains linking the two economies. The substance of the FTA design is then elaborated in nine, largely empirical and technical chapters ranging from tariff analysis (at the 6- and 8-digit level) and technical barriers to trade, to services, government procurement and investment. A third part comprises a CGE-model-based empirical simulation of the economic effects on GDP per member state (and on China), bilateral trade in goods and services, wages for workers with three distinct skill-levels and a series of goods and services sectors. The year-long study was led by Jacques Pelkmans of CEPS, and the research was carried out by a team of trade specialists at CEPS in partnership with another team of researchers led by Prof. Joseph Francois of the World Trade Institute (WTI) in Bern.

This fourth collection by David Jacoby focuses on Western economic expansion the Eastern Mediterranean during the 11th-15th centuries. He is concerned to emphasize the interconnections linking the West, Byzantium and the Levant, and to examine normative sources for commercial activity (charters, etc.) against the background of actual practice, such as reflected in notarial documents. The articles deal with the evolution of urban centres, the trade in raw materials, and at the same time questions of technology transfer and the mobility of merchants and craftsmen. Particular attention is given to the silk trade: the author argues that demographic expansion in the Byzantine world, as in the West, stimulated economic growth, and demand for silk led to the emergence of a market-driven industry in Byzantium.

Regular commercial contacts between Europe and Asia date back to at least the early years of the Christian era, but the pattern of trade underwent a structural modification following the Portuguese discovery of a route to the East Indies via the Cape of Good Hope. This volume illustrates the consequences of the arrival of large numbers of Europeans in the East. Europeans both participated in, modified and exploited existing trade relationships in the Indian Ocean and the Pacific. The studies reprinted here show how some environments, such as Japan, were hostile, whilst most states welcomed the European commercial contact. The necessity for Europeans to pay for Asian goods using precious metals is emphasised by the inclusion of articles in monetary transfers in Asian trade, a phenomenon which provides a link between economic developments in the Americas and those in Asia from the 16th century onwards.

The trade in slaves is perhaps the most notorious feature of the era of European expansion. Though begun in ancient times, and continued well after 1800, in the early modern period there developed a particular nexus in which it boomed. This volume distinguishes between procurement and trade, and the exploitation of settled slaves (the subject of a separate volume in the series, edited by Judy Bieber), and underscores the importance of the slave trade as a factor in world history. A rank redistribution of wealth and power, it permitted the exploitation and reconstruction of much of the globe. The articles address issues of the volume and flow of trade, the various populations enslaved, factors of sex, age, and ethnicity, and its impact on economic change, as in the monetization of Africa or economic growth in England.

The Baltic in the early modern period has been called a Nordic Mediterranean. In the studies collected here, Professor North is concerned to examine the ways in which this Baltic region became integrated in to the national division of labour and the emerging world economy. The volume opens with a new introductory essay, and the first section then focuses on the commodities exported to Western Eurpope - grain, timber, flax, hemp, and other raw materials. The following studies examine how this ever growing bulk trade stimulated a flow of money and payments in the opposite direction, and led to the formation of the manorial economy and the second serfdom in the grain producing countries of the Baltic hinterlands.

The book examines the trade liberalization measures, which were initiated in India during 1991 and which focused on manufacturing industries. This industry was considered because of its strong inter-sectoral links and its capacity to stimulate the growth of other sectors. The resulting liberal trade policies, involving a reduction in trade barriers and inflows of FDI, capital and technologies, were adopted to increase the manufacturing output. However, these measures were most beneficial to those industries whose products have greater demand in developed countries. Against this backdrop, the book breaks down the overall effect of trade-induced manufacturing growth into scale, composition and technique effects to discuss the impact on environmental externality. In addition to manufacturing activity, it also investigates the effect of other factors that improve with economic growth and examines the extent to which India's trade-led economic growth allows production activities to move to cleaner technologies and whether India has achieved its economic growth by specializing in pollution-intensive (low technology) industries. The book also estimates the impact of these environmental externalities on society's wellbeing.

FranAois Crouzet's work concentrates on the period of the second Hundred Years War between Britain and France (1689-1815). In the present volume, several chapters examine some of the economic aspects of this protracted struggle, from the role of Huguenot refugees in financing war against Louis XIV, to the impact of the Napoleonic wars in Britain and the blockade which Britain imposed on France. International trade is also a major theme, with studies on the rise of Bordeaux in the 18th century, Anglo-Brazilian trade, and of ventures in Europe by Boston merchants at the peak of the French Revolution. The final articles deal with the period after 1815, comparing business dynasties in Britain and France, and surveying the debate on the 'slowness' of French economic growth during the 19th century.

Merchant organisation was a global phenomenon in the early modern era, and in the growing contacts between peoples and cultures, merchants may be seen as privileged intermediaries. This collection is unique in essaying a truly global coverage of mercantile activities, from the Wangara of the Central Sudan, Mississippi and Huron Indians, to the role of the Jews, the Muslim merchants of Anatolia, to the social structure of the mercantile classes in early modern England. The histories of merchant communities are not their histories alone, but also the histories of assumptions concerning their contexts. From the comparative perspective adopted here, it emerges that in markets where Western European merchants vied for place with competitors from the Near East, South Asia or East Asia, they were very often unsuccessful.

This is the first of three volumes selected from the papers of Jacob M. Price. Focusing on the Atlantic tobacco trade in the 18th century, these studies illustrate the complex business history of this commercial enterprise and demonstrate its key importance in shaping economic relationships between Britain and the emerging American economy. Detailed studies of individual firms such as Buchanan & Simson and Joshua Johnson are well-known as classics of 18th-century business history, and these studies are placed in broader context by Price's seminal characterisations of the scale and structure of the Chesapeake trade. A previously unpublished paper offers a recent perspective on the market structure of the colonial Chesapeake, the role of the slave economy, and a critique of received historiography.

This is a book on the Belt and Road Initiative, written from an unusual perspective - it is written by someone who was born in India but raised in Singapore; who has never spent a day of schooling in the greater China (Mainland, Taiwan, Hong Kong and Macau) but has Chinese heritage; who eventually built a long and distinguished career in the West. With such an atypical background, he took an off-the-beaten-path approach by asking the fundamental question of how such an important initiative, began entirely by China, can deeply impact and transform the millennium mindset of Chinese.Such a transformation of the Chinese shall render a new definition of what a 'powerful nation' in the 21st century should be, for the betterment of humanity. This is unlike the one made by Western civilization for many centuries since the Renaissance days. Three main outcomes of the BRI have been embedded directly or indirectly throughout the book: Supercontinent, Neo-Renaissance and Cultural Communications. The author felt that these three outcomes are the possible mitigation for the world in the 21st century, facing existential challenges.Related Link(s)

Complementing trade theories with relevant trade empirics, this book covers three aspects of the study of International Economics: pure theory of trade, trade policy, and theory of Balance of Payments (BoP) and exchange rate. In the first part, it discusses the basic principles of international trade between dissimilar countries as well as between similar countries, and implications thereof in terms of welfare, income distribution, and growth. The approach taken here is distinctly different from that in most of the existing textbooks on international economics. Instead of model-specific discussions of the basic issues, it discusses the basic principles governing trade, gains from trade, and characteristics of international equilibrium in the context of a general trading environment of open economies. Subsequently, specific models of trade are introduced as alternative theoretical explanations for the basic principles of trade. In the second part, a wide range of policy issues are analysed including unilateral trade restrictions and promotions; reciprocatory trade policy choices through regionalism; product standards that regulate trade between developed and developing countries; and implications of capital inflow, FDI, fragmentation, and global value chains. In the third part, the book discusses different currency and exchange rate regimes and their implications for a country's balance of payments and foreign exchange reserves. Drawing upon the basic theories, it studies expenditure-reducing and expenditure-switching policies to correct for BoP imbalances under a pegged exchange rate regime. Finally, some reflections on the choice of exchange rate regime and optimum currency area wind up discussions of monetary issues in international economics.

This collection of essays offers critical perspectives on current issues in the international economy. Divided into four parts, U.S. Trade Policy and Global Growth discusses managed trade and international interdependence, the effect of trade on domestic wages and employment, the costs and benefits of trade protection, and likely effects of NAFTA. The collection also addresses the U.S. trade deficit and presents a Keynesian proposal for international monetary reform. Part IV focuses on issues facing developing countries in the areas of trade, industrial, and financial policy. Rejecting the dogma that pure free-market policies should be accepted as articles of religious faith, in either international trade or domestic policy, the contributors search for trade and macro policies that can achieve balanced growth with high employment and an equitable distribution of income in both the United States and the rest of the world.

This collection of essays offers critical perspectives on current issues in the international economy. Divided into four parts, U.S. Trade Policy and Global Growth discusses managed trade and international interdependence, the effect of trade on domestic wages and employment, the costs and benefits of trade protection, and likely effects of NAFTA. The collection also addresses the U.S. trade deficit and presents a Keynesian proposal for international monetary reform. Part IV focuses on issues facing developing countries in the areas of trade, industrial, and financial policy. Rejecting the dogma that pure free-market policies should be accepted as articles of religious faith, in either international trade or domestic policy, the contributors search for trade and macro policies that can achieve balanced growth with high employment and an equitable distribution of income in both the United States and the rest of the world.

Drawing on a wide range of previously unpublished sources, this unique history of international commercial arbitration in the modern era identifies three periods in its development: the Age of Aspirations (c. 1780-1920), the Age of Institutionalization (1920s-1950s), and the Age of Autonomy (1950s-present). Mikael Schinazi analyzes the key features of each period, arguing that the history of international commercial arbitration has oscillated between moments of renewal and anxiety. During periods of renewal, new approaches, instruments, and institutions were developed to carry international commercial arbitration forward. These developments were then reined in during periods of anxiety, for fear that international arbitration might be overstepping its bounds. The resulting tension between renewal and anxiety is a key thread running through the evolution of international commercial arbitration. This book fills a key gap in the scholarship for anyone interested in the fields of international arbitration, legal history, and international law.

Precious metals played a key role in inter-continental trade between Europe and Asia in the early modern period. An assured supply of these metal was indeed a pre-requisite to the procurement of Asian goods such as spices, textiles and raw silk. Once these metals had been imported into Asia, they were converted into the coinage of the country concerned. The 'bullion for goods' pattern of trade had important implications for the level of output, income, employment and prices in the Asian societies. This collection of essays by Professor Om Prakash explores these issues in relation mainly to the Dutch East India Company. Given the scale of its operations, as well as its unique character as the only European corporate group to engage in large scale intra-Asian trade as an integral part of its overall trading strategy, the VOC is a particularly appropriate medium through which to analyse these issues. Les metaux precieux jouerent in rAle clef dans le commerce international entre l'Europe et l'Asie au debut de la periode moderne. La presence d'un stock assure de ces metaux etait, en effet, un facteur necessaire afin de se procurer des produits asiatiques tels les epices, les textiles et la soie grege. Une fois importes en Asie, ces metaux etaient convertis dans le monnaie du pays concerne. La structure commerciale du bullion for goods avait des implications importantes en ce qui concernait le niveau de production, l'emploi et les prix au sein des societes asiatiques. Cette collestion d'essais du professeur Om Prakash explore ces questions en relation plus particulierement avec la conpagnie hollandaise d'Inde Orientale. Etant donnee l'envergure de ses operations, ainsi que son caractere unique en tant que seule corporation europeenne engagee dans un commerciale, le VOC est un particulierement bon exemple A travers lequel analyser ces questions.

Global supply chains connect the world in unprecedented and intricate ways. Geopolitics, Supply Chains, and International Relations in East Asia dissects the sources and effects of contemporary disruptions of these networks. Despite their dramatic expansion as distinct, complex, and unique mechanisms of economic interdependence, the role of supply chains in broader patterns of interstate conflict and cooperation has been relatively neglected. This volume sheds light on whether a highly interdependent "Factory Asia" and Asia-Pacific can withstand geopolitical, geo-economic, and pandemic threats. This combustible mix, fueled by rising hyper-nationalism in the US and China, threatens to unleash sizable disruptions in the global geography of production and in the international relations of East Asia.

Leading up to the 200th commemoration of the abolition of the slave trade and the 50th anniversary of Ghana's independence, Pambazuka News carried a series of four special issues during 2006 and 2007 that included articles designed to raise awareness and debate on issues of trade and justice. These and other articles from Pambazuka News have been gathered in this book. We have chosen a deliberately provocative subtitle for this book: 'How trade undermines democracy and justice.' Two years ago saw large mobilisations around the world, calling for 'trade justice.' The campaigners were lobbying for the introduction and implementation of new world trade rules, ones that would work for all people, instead of benefiting those who already have the most. They argued that the global trading system should be rebalanced, taking into account the needs of the poor, human rights and the environment. But, can trade in the era of globalisation be 'fair' or 'just'? Drawing on lessons from the slave trade, studies of the international finance institutions and the struggles of many African people to make a living, these essays provide insights into how free trade policies have a profoundly negative impact on democracy and justice in Africa. Whether it is the effects of trade policies on informal street traders, who in Africa are often women, the decimation of a country's health system as a result of the World Bank's obsession with low inflation, or the sacrificing of community rights in the interests of multinational corporations, it is clear that 'free' trade policies impose a profit first and people last regime in Africa. Many of the book's contributors will be familiar to the readers of Pambazuka News. They include Charles Abugre, Tope Akinwande, Soren Ambrose, Nnimmo Bassey, Patrick Bond, Jennifer Chiriga, Cheikh Tidiane Dieye, M.P. Giyose, Manu Herbstein, Mouhamadou Tidiane Kasse, Salma Maoulidi, Stephen Marks, Mariam Mayet, Henning Melber, Winnie Mitullah, Patrick Ochieng, Oduor Ongwen, Robtel Neajai Pailey, Liepollo Lebohang Pheko and Jagjit Plahe. The publication of this book was made possible with the support of HIVOS.

As featured on CNN's Amanpour & Company and BBC Radio 4's Start the Week with Andrew Marr One of the Financial Times' best books of 2021 In this extraordinary journey through twenty-six countries, Simon Mundy meets the people on the front lines of the climate crisis, showing how the struggle to respond is already reshaping the modern world - shattering communities, shaking up global business, and propelling a groundbreaking wave of cutting-edge innovation. HOW is China's green energy push driving a hazardous mining rush in Congo? WHY is a maverick scientist building a home for engineered mammoths in northeast Siberia? CAN an Israeli fake meat startup make a fortune while helping to save the Amazon? WILL Greenland's melting sea ice put its people at the centre of a global power struggle? WHO are the entrepreneurs chasing breakthroughs in fusion power, electric cars, and technology to suck carbon from the atmosphere? As the impacts of climate change cascade across the planet and the global economy, who is battling to survive the worst impacts - and who is chasing the most lucrative rewards? Telling unforgettable human stories from six continents, this is an account of disaster, of promise, of frantic adaptation and relentless innovation, of hope, of survival, and of the forces that will define our future. More praise 'Vivid and informed' ADAM NICOLSON 'I took a great sense of hope' RICHARD POWERS 'Reads like a thriller' MARK LYNAS 'An inspiring piece of work that deserves a broad audience' MICHAEL E. MANN 'Utterly unlike any book yet written in this field' ANAND MAHINDRA 'Gripping ... A must-read for every concerned global citizen' NANDAN NILEKANI

The keys to global business success, as taught by a T-shirt's journey The Travels of a T-Shirt in the Global Economy is a critically-acclaimed narrative that illuminates the globalization debates and reveals the key factors to success in global business. Tracing a T-shirt's life story from a Texas cotton field to a Chinese factory and back to a U.S. storefront before arriving at the used clothing market in Africa, the book uncovers the political and economic forces at work in the global economy. Along the way, this fascinating exploration addresses a wealth of compelling questions about politics, trade, economics, ethics, and the impact of history on today's business landscape. This new printing of the second edition includes a revised preface and a new epilogue with updates through 2014 on the people, industries, and policies related to the T-shirt's life story. Using a simple, everyday T-shirt as a lens through which to explore the business, economic, moral, and political complexities of globalization in a historical context, Travels encapsulates a number of complex issues into a single identifiable object that will strike a chord with readers as they: Investigate the sources of sustained competitive advantage in different industries Examine the global economic and political forces that explain trade patters between countries Analyze complex moral issues related to globalization and international business Discover the importance of cultural and human elements in international trade This story of a simple product illuminates the many complex issues which businesspeople, policymakers, and global citizens are touched by every day.

This volume provides a significant contribution to the understanding of the effects of foreign direct investment on trade. Through an investigation of the pattern and determinants of trade in Portuguese manufacturing, it demonstrates FDI's long term transforming effect and how it has the potential to transfer and embed knowledge within the EU through upgrading host economies. The volume will be of interest to academics, postgraduate students, researchers and policy makers.

This collection explores the relevance of global trade law for data, big data and cross-border data flows. Contributing authors from different disciplines including law, economics and political science analyze developments at the World Trade Organization and in preferential trade venues by asking what future-oriented models for data governance are available and viable in the area of trade law and policy. The collection paints the broad picture of the interaction between digital technologies and trade regulation as well as provides in-depth analyses of critical to the data-driven economy issues, such as privacy and AI, and different countries' perspectives. This title is also available as Open Access on Cambridge Core.

Victorious after World War II and the Cold War, the United States and its allies largely wrote the rules for international trade and investment. Yet, by 2020, it was the United States that became the great disrupter - disenchanted with the rules' constraints. Paradoxically, China, India, Brazil, and other emerging economies became stakeholders in and, at times, defenders of economic globalization and the rules regulating it. Emerging Powers and the World Trading System explains how this came to be and addresses the micropolitics of trade law - what has been developing under the surface of the business of trade through the practice of law, which has broad macro implications. This book provides a necessary complement to political and economic accounts for understanding why, at a time of hegemonic transition where economic security and geopolitics assume greater roles, the United States challenged, and emerging powers became defenders, of the legal order that the United States created.

Today's trade regime and its rules are under pressure. Increasing societal discontent with globalization and the rise of protectionist measures threaten the trade regime's legitimacy and effectiveness. The authors explore systemic challenges to the trade regime, inter alia, related to development, migration, inequality, the digital economy and climate change. The Shifting Landscape of Global Trade Governance allows the readers, in times of change, to put current developments into context and offers an understanding of the different dynamics defining today's regulation of the global economy. Chapters authored by leading researchers from different disciplines - law, political science and economics - address the challenges of the global economic system and share novel outlooks, both theory- and data-based, for the future.

Offers comprehensive information about "1992", presented in a clear and readily accessible format. In an extensive introduction, it explains how policy programmes emerged and discusses the implications for the future.

Although later than the Portuguese in reaching the coasts of Asia, the Dutch became in the 17th and 18th centuries the most important of the European nations engaged in the Asian trade - in terms both of the quantity and value of the cargoes shipped, and the number of ports involved. In those centuries the V.O.C., the Dutch East India Company, was the greatest mercantile corporation in the world, and these articles deal with its activities in Asia, from the Indian Ocean to the Far East. They look at the company's failures, successes and conflicts: the loss of Formosa to the Chinese in 1662, the wealth it drew from the Japan trade and the extent of its influence there, and the rivalry with other European nations, notably the English and the French. The final studies, on the failing years of the V.O.C., look also at the career of Isaac Titsingh, at once a successful servant of the V.O.C. and one of the few to take a seriously scholarly interest in the Orient.