Focusing on the Global Financial Crisis 2007-2010 and the new emerging Covid-19 crisis in 2020, this book examines the discourse on risk and uncertainty in the markets through the lens of financial crises. Such crises represent a failure of the law to regulate, and constitute the basis through which a new theory of legal constants can be introduced in comparative law. Crisis impose a dramatic reformulation of the law, the Covid-19 confirms this trend, and new out-of-law instances are appearing beyond a paternalistic approach of direct State regulation. Restructuring procedures are playing a vital role in businesses' survival, and new out-of-law mechanisms such as moratorium agreements and private workouts have become essential to preserve businesses. It is clear that the role of the law has completely changed, and this book argues that constants outside of the law are new ways to promote an "uncodified-codification" of the law. The case for uncodified uncertainty in the Covid-19 crisis is a primary example of how no codification process can ignore the importance of out-of-law instances in the act of making law. This book explores how this approach influences the harmonisation process of international economic law between national insolvency regimes and international agreed frameworks, demonstrating the role of comparative law in formulating legal constants using Covid-19 and the complexity of modern financial markets as the criterion to introduce the reader to this new theory, which claims a new role for comparative law in policy making processes within the framework of international economic law.

In an era of accelerating change in the world economy, services are assuming greater importance for the economies of both developed and developing countries. As technological developments allow increasing tradeability of services, huge global firms are offering services across national boundaries. This book explores the global impact of this economic phenomenon from both empirical and theoretical perspectives. A range of international authors, including both academics and representatives of major international organisations, offer contributions in two key areas: case studies covering a wide range of service industries, from consumer services, such as hotels and airlines, to professional business-to-business services; and theories and paradigms of economic behaviour. The book questions whether traditional models developed with manufacturing industries in mind are applicable to the service sector, and suggests new directions for economic theory. Globalization of Services therefore offers economists both a wealth of new source material and a fresh perspective on the modern global economy.

Contents:
1: The Changing Structure of World Output and Trade 2: Basic Theories of International Trade 3: Intra-Industry Trade and Specialisation 4: Multinational Companies and World Trade 5: More Recent Forms of International Economic Involvement 6: Japan and the World Economy 7: The Emergence of the Newly Industrialising Countries 8: Free Trade versus Protectionism 9: Multilateralism versus Regionalism 10: Trade in Services.

Has America always been the champion of free trade? Debates about free trade and protection are one of the dominant features of 19th century economic discourse. The writings of the British classical economists, in particular, have been the subject of extensive secondary literature. In contrast, the writings of their American counterparts have often been overlooked. This collection seeks to help rectify this, by giving access to an extensive range of 19th-century American writings on trade issues. Many of the pieces selected are unavailable, even in America. Each has been carefully retypeset. Early American economics is often criticized for lacking the theoretical sophistication of European economics. The picture which emerges from these texts is more complex. It seems that far from being of universal application, the ideas of the English classical economists did not fit neatly in the context of 19th-century America, and it is much harder to draw a sharp doctrinal divide between protectionists and free-traders. The texts reproduced discuss: "the American system" of protection for infant industries; the North/South divide in the US, made manifest by the slavery question and the civil

This work examines Japans economic activities in Singapore from 1870 to 1965. Drawing upon a range of published and unpublished sources, the authors shed light on issues such as: prostitution; foreign trade by Kobe's overseas Chinese; fishermen in the inter-war period; Japanese economic activities during the Pacific War; Japanese involvement in Singapore's post-war industrialization plan; the Lee Kuan Yew regime's policy towards Japan; and the 1960s Japanese investment boom. The book challenges commonly-held views on Japan's economic advance into Southeast Asia in general, and Singapore in particular.

This book postulates the proposition that small economies exhibit a higher degree of outward orientation and structural adaptability, compared to their larger counterparts within the context of the European Union and two case studies (i.e. Catalonia and New Zealand).
The number of nations has doubled in the last half of the century to around 200 independent economic units. Moreover, the break-up of the former Soviet bloc into a large number of small independent nations in Central and Eastern Europe, and the continued threat of separatist groups (i.e. Canada, Spain, and Sri Lanka) have sparked economists' interest to focus on the size of nations once again. This book offers a more comprehensive measurement of smallness than the conventional one for the analysis of the globalization strategies and flexibility of countries to overcome smallness.
Small independent economic units, when economically successful, tend to be more export focused in manufacturing, likely to specialize in differentiated manufactures, more actively involved with direct overseas businesses, more sensitive in strategically managing exchange rates, likely to be in a better position to achieve price stability, more actively involved in international trade through varying degrees of economic integration, likely to have a higher degree of flexibility, more actively involved to forge a complementary government-firm relationship, and likely to have a higher degree of corporatism.

This is the first comprehensive and updated study of the Arab economic boycott of Israel to be published since it started to disintegrate in the aftermath of the Madrid Conference of 1991. Gil Feiler explains the evolution and development of the boycott, which was first formally imposed by the Arab League in 1946, even before the State of Israel formally came into existence, and examines all aspects - including the theory, practice and legality - of the longest-lasting example of economic sanctions in the twentieth century, as seen from the American, Arab, European and Israeli perspectives. He also looks into the prospects of the slowly developing reality of economic relations and cooperation between Israel and its neighbours which has accompanied the Middle East peacemaking process.
As well as its broad horizons, one particular value of this study is that it is based in part on Arab archival material and recent documents, as well as on interviews with a wide range of personalities who were involved with the various aspects of the boycott over the years. As an academic who specializes in Middle East economics, as well as the director of a firm that deals both with Middle East market research and actual economic contacts in the region, Dr Feiler is well equipped to present and analyze the phenomenon of the boycott and its significance. All students of the Middle East conflict, economic sanctions and contemporary history will find this book invaluable.

China is under close scrutiny both as a market that could provide massive returns to investors and because of its potential to become the most powerful economy in Asia. This new study examines the economic relationship between China and Europe, its importance and how it is likely to evolve.
The book considers the flow of trade, direct investment and technology transfer and contains case studies of manufacturing industries (automobiles, toys, watches, telecommunications) banking and insurance. The trade relationship between Europe and China is being re-evaluated by both sides and this is a valuable contribution to that process.

eBook available with sample pages: 0203074009

This volume is a product of the Interstratos project which brought together research teams from across Europe to study the strategic behaviour of small and medium-sized industrial firms, the determinants of their behaviour, and the impact on performance. The book uses information from annual surveys of companies in Europe during the period spanning the formation of a single European market. It addresses issues affecting small businesses such as marketing, entrepreneurship, export strategies and the single market, on an international basis. The book also contains detailed case studies of individual countries including The Netherlands, Finland, Switzerland and the UK.

The East India Company played a major part in the growth of Britain's empire. Its functions went beyond those of a trading concern and merged military force, government and colonization with economic expansion. This six-volume work covers the history of the Company from its origins in 1599-1600 to its abolition in the wake of the Indian Mutiny of 1857. This comprehensive collection contains reprinted first-hand sources, scholarly surveys, and thematically arranged collections of recent journal articles, offering scholarly coverage of the Company's history, and presenting recent interpretations of its development.

Faced with evolving trade and health dynamics, this book presents a historical, conceptual, and empirical examination of public health and medical procurement in international trade law at a time of emergency. The work argues that the current trade framework is outdated and must be redesigned to suit the new needs of the 21st century. It identifies critical problems within the current international trade system that prevents it from effectively responding to pandemics, as well as to the emerging digital economy. Based on the analysis, the study puts forward specific suggestions to upgrade the current trade rules framework to prepare for future international public health emergencies and further digitalization of health services. The book will be a valuable resource for academics, researchers and policy-makers working in the areas of International Trade Law, Public Health Law and Medical Law.

If you feel you have a disjointed, or unbalanced, view of the global system of demand and supply, you are probably correct. Most studies leave out a very important part of the system--the marketing channel. That is why Laurens van der Laan developed and wrote this book, The Trans-Oceanic Marketing Channel. To help you understand what happens to export crops, such as cocoa, coffee, cotton, groundnuts, tea, and tobacco, between their country of origin and consumer markets, this book analyzes the roles of different actors in trans-oceanic trade, inherent differences between world markets, export diversification policies, and the commercial and institutional forces at play.The Trans-Oceanic Marketing Channel will give you a strong background in marketing channel concepts, and because of its focus on the exporter rather than on the government, it will provide you with an excellent model for microanalysis. As you read about the special features of trans-oceanic trade, you will also learn about: trade associations and their role in shaping world markets for trans-oceanic crops the uneasy relationship between exporters and shipping companies the selling conduct of agricultural exporters in Africa the tendency of actors in Africa to accelerate the trans-oceanic product flow the effectiveness of export marketing boards as channel leaders private enterprise, the chief agent of development the theory of "exporter preference"The Trans-Oceanic Marketing Channel invites policymakers, international businessmen, professors, and students to examine the opportunities, problems, and policies that confront the various players in trans-oceanic trade, especially the exporters. As the book discusses the divergent institutional arrangements in the world markets for agricultural products and their differential effect on African exports, you will become keenly aware of how vertical marketing systems differ from conventional marketing channels. No other book brings together the three fundamental sections of export agriculture, the country of production, the channel through which the products flow, and the country of destination, to provide you with a complete understanding of trans-oceanic marketing.

The International Trade Manual is the definitive book about export, import and freightforwarding for business people and students of further and higher education. It is vital reading for anyone involved in international commerce and is the leading textbook for students taking International Trade and Services (ITAS) S/NVQ Levels 3 (supervisors) and 4 (managers) in international trade. This comprehensive guide details exactly what you need to know if you want your business to profit from foreign trade. Endorsed by the British Chambers of Commerce and The Institute of Export, its contents include everything from customs documentation to credit risk.Professionals working in international commerce will also find the reference sections invaluable. These contain checklists, forms, relevant legislation, regulations and a directory of further information sources. Trainers, lecturers, students, managers and supervisors will all benefit from using this highly effective training resource.

For years, China’s rapid economic transformation was hailed as a successful project that lifted hundreds of millions of people out of poverty. However, in recent times, the Chinese narrative has taken a more negative turn in the eyes of the West. Much of this has to do with the US perception about the role of the Chinese state in its economy and its military build-up, especially in the South China Sea. There’s no question, China’s complex economy can be difficult to understand. Information is often unclear and incomplete, and its data are not always reliable. However, this book presents the reader with a clear picture of China’s economy and how it compares to other advanced economies, mainly the United States. The book unwraps the key features and structures of China’s economy. Moreover, it examines and shows the similarities and differences in comparison with other like economies. In that effort, it underscores the differences by evaluating their benefits as well as their disadvantages, against the backdrop of China’s incomplete transition to a market economy. This along with its governance structure becomes the crucial components shaping the way key stakeholders will act and react to opportunities and incentives as that economy evolves. The book supplements the definition of globalization for the academic, the student, the professional and anyone else interested in its positive and negative effects. It is also a good fit for anyone who wants to understand China’s three elements of political economy: global trade, political power and its image on the global stage.

Building International Construction Alliances is the first book to address the challenges of international cooperation between medium-sized construction firms. Despite the considerable press coverage of international trade and cooperation, very little has been written on the specific topic of such strategic alliances among construction firms. The shrinking construction market in highly developed economies will force many firms to expand their capabilities and diversify their services in order to survive. The practice of partnering and strategic alliances and seeking cooperative agreements with foreign firms is one strategy which is generating increasing interest in the corporate planning departments of construction firms throughout the world. By presenting a case study of the historical evolution of Fratelli Dioguardi S.p.A and Beacon Construction Company, and reperesentative projects, Roberto Pietroforte offers the reader an uderstanding of * the way sucessful firms adjust their strategic,

This book looks at the history of EU's trade negotiations with China from 1975-2019 from a distinctive perspective-the EU as a linkage power. The author explains how the EU through linkage strategies speaks with one voice, overcomes its weakness in military capabilities and translates its non-military capabilities into advantages and influences in some specific policy areas. The book systematically traces the European negotiators' tactics in managing the EU's trade relations with China. It's the first time that the history of EU-China trade negotiations is presented to the public by a seasoned trade negotiator. The author, combining the identities of a negotiator and a scholar, gives a panoramic view of EU-China trade relations from 1975 when the European Economic Community established diplomatic relations with China, to 2019 when the Juncker Commission leaves office. This book will appeal to policymakers, think-tankers, professors and students, as well as anyone who is interested in trade policies and negotiations in the EU and China.

International Trade, Labor Relations, and Bargaining Power: International Strawberry Commodity Networks examines power in the commercial food system through the history of always available strawberries. Applying an interdisciplinary approach to case studies on strawberry production and sales in Mexico, Spain, and the United States, the author untangles the symbiotic relationships between the economic boom and labor strife in the sector. By comparing workers’ struggles in the sector, he develops a novel model of workplace bargaining power in which the process of dignity catalyzes change. Since international trade in strawberries began three decades ago, the sector’s growth has paralleled the rise of retailer dominance of food sales. Highlighting inequitable gains from the sales boom, workers have organized mass strikes, boycotts, and pressure campaigns. The divergent results ranged from ephemeral acknowledgments of workers’ concerns to the establishment of union collective bargaining and steadily improving working conditions. Grounded in extensive research, the book provides fresh analytical approaches to understanding the social dimensions of international trade and workplace bargaining power. The book unpacks the relationship between poor working conditions and economic growth by applying a new method, international commodity network analysis, which builds on prior global supply chain approaches. It explains differences in workers’ initiatives to improve employment conditions by identifying the process of dignity in the creation of solidarity.

The last decade has witnessed important developments in international trade policy, both at the multilateral and regional levels. "International Trade Policy" provides an extensive, in-depth analysis of the theoretical and policy considerations which underlie these developments.
Topics covered include key theoretical and policy issues such as voluntary export restraints, anti-dumping and unfair trading practices, agricultural protectionism, and regionalism; the results of the Uruguay round of negotiations and their effect on policy; the issues which govern many current trade disputes, including trade-related intellectual property rights; the major issues involved in setting up regional trading areas; the likely future agenda for the newly created World Trading Organization. As trade negotiations become increasingly complex, this volume will be essential for all those who want to understand what governments do, in terms of trade policy, and how they do it.

The only student textbook covering this frequently-taught subject Fully updated new edition includes updates in case law and the ongoing impact of the Insurance Act 2015 and a revised chapter on smart contracts to include discussion of Blockchain First two editions extremely well received and adopted by the market

The question of how to properly enforce against RPM has been a contentious debate for decades on both sides of the Atlantic. The catalyst is the acceptance that RPM can generate both anti-competitive effects and pro-competitive efficiencies that need to be properly balanced to ensure against Type I/Type II errors and to create viable legislation. Part I focuses on 100 years of US origins and the current legal approach to VR enforcement, which reveals the precedent responsible for the transition between per se illegality and the rule of reason thresholds at the federal level. Nine anti-competitive and 19 pro-competitive theoretical models are also introduced to clearly demonstrate the true nonconsensus existent between economists as to whether RPM is deleterious enough to justify a stringent approach to RPM regulation. Part II closely examines the EU origins and current legal structure, where RPM has maintained its hardcore by-object designation pursuant to Art. 101(1) TFEU with the consequence of having no safe harbours, no applicability of the De Minimus Doctrine, an onerous negative rebuttable presumption, non-severability of the agreement and almost no chance of obtaining an exemption under Art. 101(3). This is exacerbated by the EC’s lack of guidance on how to prove all conditions necessary for an Art. 101(3) exemption and when a vertical arrangement actually escapes Art. 101(1) applicability. The aim of this book is to examine the economic models, historical origins and legal structures of the US/EU regimes to develop proposals on how to modify the EU’s current legal structure to ensure proper enforcement of RPM behaviour that actually enhances legal certainty through a more aligned approach at the national level. Part III proposes five solutions which scrutinise the concepts of appreciability, hardcore and by-object restraints, to implement modifications to EU’s current legal framework to ensure RPM receives reasonable and equitable treatment in line with economic theory.

This book presents a comprehensive analysis of contemporary issues in international trade and economic development. Emphasising the significance of economic development within policymaking, the book covers important issues like the provisioning of public goods, its implication in a liberalised regime, crime and corruption, skilled–unskilled wage inequality, income distribution and unemployment, environmental regulation and role of educational capital and informal sector. The volume deals with the impact that different aspects of international trade and investment are likely to have on the above-mentioned areas. The essays, written to honour the memory of Professor Sarbajit Chaudhuri, also examine topics that focus on public policy related to immigration of skilled workforce, political resistance and political compulsions that a democratic government might face in keeping with its commitment to tariff reforms, gender wage gap and issues related to globalisation, income distribution and unemployment. The book will be of invaluable interest to postgraduate students, scholars and researchers of development economics, international economics and labour economics and to those working on theoretical research on applications of general equilibrium trade models in developing countries.

This book provides the reader with a better understanding of the One Belt One Road (OBOR) initiative, its various projects around the world, and its consequences at a local as well as an international level. Background information on both Chinese and Greek sociopolitical history and their maritime industry is provided. The book also provides readers with the opinions of people directly involved with the Piraeus Port-China Ocean Shipping (Group) Company (COSCO) deal through interviews conducted and included in the book. OBOR, a signature initiative of Chinese President Xi Jinping, is currently one of the most frequently discussed enterprises worldwide. This controversial mix of worldwide projects has put both China and Xi at the center of attention, and not in a positive way. Of course, not all projects included in the initiative have been or are likely to be successful, but the initiative has far-ranging economic, cultural, and political potential. OBOR, in its essence, is an attempt by the Chinese government to secure a paramount position in global finance for the country and ensure that primacy extends far into the future. In particular, it is an attempt to ensure that there are enough natural resources for China to support itself in the long term. Therefore, the areas selected for the implementation and development of OBOR are deliberately strategic. One of the countries that China has chosen to invest in is Greece, specifically the Port of Piraeus. The OBOR initiative has many similarities with the ancient Silk Road. Although the ancient route and modern concept are in no way identical, many similarities become evident when the two are compared. To understand China's motivation to build such a network, looking back at history is required. This project was long in the making. Various discussions took place both on an international and a domestic level until all parties came to an agreement. The deal at Piraeus between Greece and China affected more people than the politicians and the shipowners-it affected everyone involved in the operations of the port as well as the residents of the area. To further comprehend the impact on their lives, one must see things through their eyes, and there is no better way than contacting individuals and conversing with them. In conclusion, the specific deal at Piraeus and the OBOR initiative as a whole have the potential of benefiting the international and local communities. However, specific measures must be taken, and governments must collaborate in order for the deal in Piraeus and the OBOR initiative to have the most beneficial and the least negative impact.

This is an invaluable piece of work that, to my knowledge, is not replicated anywhere, even in piecemeal fashion. It should be read by everyone having a stake in the Transatlantic Trade and Investment Partnership (TTIP) negotiations. It fills an historical vacuum in US-EU agricultural trade relationships that has existed for decades. This book provides the context of the past half century, and it will be invaluable for another half century.' - Clayton Yeutter, Former US Trade Representative, Former US Secretary of Agriculture and Senior Advisor at Hogan Lovells, US Tim Josling and Stefan Tangermann's Transatlantic Food and Agricultural Trade Policy traces the past fifty years of transatlantic trade relations in the area of food and agricultural policy, from early skirmishes over farm policies to on-going conflicts over biotech foods and hormone use in animal rearing. The authors take an analytical approach to the causes of transatlantic conflict and the extent to which these trade tensions in agricultural markets have reflected wide differences in policy approaches and levels of support. They explore the role played by international rules, in the GATT, and subsequently the WTO, in disciplining farm price support policies to allow for more open markets. The book also points to possible ways to end five decades of transatlantic trade tensions in the area of food and farm products. Scholars, practitioners and policymakers will find this timely book an invaluable and comprehensive guide to the causes of, and solutions to, the persistent EU-US trade conflicts in agricultural and food policy.

The Soviet Union and its Republics have immense business potential. Industrial sectors are in need of modernization and development, a domestic market of over 280 million people is hungry for consumer goods, and there is a largely untapped resource of intellectual property. In addition, there is a huge capacity for exportable raw materials.;Despite political manoeuvring, perestroika has created a framework for foreign investment and much work is going on behind the scenes to develop enabling legislation at all-Union and Republic level. Over 3000 joint ventures in the Soviet Union involving foreign firms have been registered. Joint stock companies are being set up and there is talk of privatization. Soviet citizens are learning how to run businesses in a market economy and Western firms are finding that they too have much to learn about trading in the USSR. This book is designed to help the learning process and provide working knowledge of foreign investment in the Soviet Union. It provides practical advice, from East and West, with chapters on business law, taxation, banking, foreign exchange and more.

This book argues for a balanced approach to 'greening' the World Trade Organization (WTO) ban on China's export duties without opening the floodgates to protectionism. As a result of the China-Raw Materials and China-Rare Earths decisions, China is largely prohibited from using export duties to address environmental problems, including those associated with climate change. This is despite a number of climate studies having suggested that Chinese export duties could be useful for reducing carbon leakage, an issue of international concern. This book puts the case for a more balanced approach. It shows that a harsh ban on China's export duties constrains its policy space to protect the environment, particularly in the context of climate change. The work presents feasibility tests for various legal solutions that have been discussed for adjusting the ban, and it accordingly proposes a more feasible approach that would allow China to help protect the environment without advancing protectionism. The proposed legal option provides a less protectionist alternative to export duties, namely 'export duties plus': export duties in combination with supplementary restrictions on Chinese consumption. This analysis also yields insights regarding ways to correct WTO precedents, which suggests a moderate alternative response to an important issue behind the Appellate Body crisis. The book will be a valuable resource for academics, researchers and policymakers in the areas of International Trade Law, Environmental Law and China.