This volume is a major historical contribution to the enduring debate about whether trade makes peace more likely. In nine detailed historical case studies - spread over 500 years and spanning the globe - the contributors explore the dynamic between trade and conflict and examine the consequences of their intersection, direct and indirect, immediate and long term, anticipated and unexpected, transformative and destructive. The contributors break new ground by collectively showing that trade and conflict have been reciprocally constitutive: trade sparks conflict and conflict in turn provokes the adaptation of trade. Scholars who affirm a close association between trade and peace will have to take into account the close and persistent connection between trade and conflict, as will the makers of current trade policy.

In this timely volume, the ongoing, dramatic economic and geopolitical changes in NAFTA and the European Union are examined. Gianaris pays particular attention to the potential for stronger economic cooperation between North America and Western Europe. This unique book deals with similarities in economic organizations and related fiscal and monetary policies as they affect trade and financial transactions between these regions, and provides a detailed examination of trade and investment relations, capital flows, and currency realignments as well as transatlantic joint ventures. In addition, it deals with problems of privatization, employee participation, closer integration, and the challenge of enlarging NAFTA to include other Latin American countries and the European Union to include Eastern Europe. Gianaris weaves together a historical framework with comparative studies of the nation-states of NAFTA and the European Union. He discusses structural changes and the main problems and developments in the relationships between NAFTA and the European Union as well as problems of mutual trade, investments, and joint ventures. A useful book for students, scholars, and investors with a broad range of interests in the American and European continents.

The second edition of Miroslav Jovanovic's The Economics of International Integration will be a useful addition to the bookshelf of anybody interested in teaching a course on economic integration. It is especially strong and up-to-date on developments in Europe, both with respect to completing the EU market and to the evolution of the eurozone. The various integration schemes are situated in the 21st century global economy with its rapidly changing technology. The analysis is always accessible to non-specialists and, while Jovanovi has his own views, he is careful in presenting various sides of debates.' - Richard Pomfret, University of Adelaide, Australia'A wide ranging, comprehensive but accessible and topical discussion of the many different dimensions of international economic interdependence and the instruments that governments around the world use to cooperate in the pursuit of greater integration of markets. Highly recommended for students seeking a non-technical treatment of the economics of international integration with extensive discussion of the European experience in moving towards economic and monetary union.' - Bernard Hoekman, European University Institute, Italy 'Europe, the Americas, Asia and the Pacific, Africa, and the Middle East, within a region as well as across countries, have been integrating not only by FTAs but also by the development of global supply chains. However, we don't know much about how the integration is really going and what consequences will be brought about by it. This book provides us with theoretical tools and empirical facts to understand it. Policy makers should read this book to implement good policy.' - Daisuke Hiratsuka, Institute of Developing Economies (IDE), JETRO, Japan In this comprehensive second edition of The Economics of International Integration, Miroslav N. Jovanovi examines the theory of international economic integration and explores the existing and emerging international integration agreements, their achievements, problems and prospects. One of the most important issues in international economics today concerns the dissipating multilateral trading system and the proliferation of a number of trading blocs and arrangements. This has been particularly the case after the establishment of the World Trade Organization in 1995 and especially during the Doha Round (2001-13). This book takes on those and other important new issues such as integration through spatially fragmented production, and the operation of supply chains. The author argues that international economic integration deals are here to stay, and evolve with variable successes in spite of advantages offered by the multilateral trading system. Jovanovi 's second edition includes up-to-date surveys of economic integration and their agreements, criticism of the eurozone and speculation on the future of integration. This thoroughly revised second edition provides a broad understanding of international economic integration and its complexities, and will be of great interest to students and scholars of international economics, development economics, policy and international business.

This book provides one of the first interdisciplinary reviews of the relationship between services, globalisation and trade liberalisation as we enter the twenty-first century. Written by academics and policymakers, it contains a detailed analysis of the characteristics of service trade and of recent and current service trade negotiations. The authors focus on exploring the complex relationship between the process of globalisation and the globalisation of services taking into consideration service trade negotiations. Many service functions reduce the relative distance between places and more importantly enable the process of globalisation. The globalisation of service functions is complex. Services are different from goods as they depend on human capital (embodied knowledge and reputations) and have to be localized to meet specific cultural and political requirements. The General Agreement on Trade in Services (GATS) needs to be informed by an understanding of the differences that exist between goods and services as well as by the processes by which services globalise. The GATS has to be more than just about quantitative-based policies but also has to explore national regulations that inhibit trade in services. This book will be of special interest to economists, geographers and policymakers with a specific involvement in service trade and trade liberalization.

The world of trade is changing rapidly, from the 'rise of the South' to the growth of unconventional projects like fair trade and carbon trading. Beyond Free Trade advances alternative ways for understanding these new dynamics, based on historical, political, or sociological methods that go beyond the limitations of conventional trade economics.

Opening a closed economy to trade can lead to greater trade and the emergence of a market economy. Sowing Market Reforms examines the assumptions of liberal economic theory and assesses the impact that increased trade has had on the Russian agrarian sector. Crumley argues that Russian agricultural producers are not simply homo economicus responding to price signals, but rather they are economic actors influenced by institutional, financial, and legal obstacles as well as political culture. By examining a sector of the economy that was exposed to increased imports more than four decades ago, Crumley illuminates the economic pressures, resistance, and reform that help to shape Russia's agrarian sector today.

The study of regionalism is essential as it has become a vital trend with profound regional and global impacts. Japan, Korea and China are regarded as the key actors for such action in East Asia. While regionalization has created building blocks for economic integration, the act of exclusion from regionalism will only lead to marginalization. Therefore, it is important to learn how to make it work. This book analyzes the effect of China, Japan and Korea's trade strategy on ASEAN countries. As closer economic ties between countries in the area have expanded significantly in the last decade, economic regionalization in East Asia has proceeded in a much more dynamic fashion than regionalist projects. Hastiadi argues that regionalism in the form of Regional Trade Agreements (RTAs) is better than the present regionalization as it promotes sustainability in the future.

Human Capital, Trade and Public Policy in Rapidly Growing Economies argues that only two centuries ago, no society had ever enjoyed sustained growth in living standards. The contributors to this book aim to discover why the world today exhibits a predilection for perpetual self-improvement.In particular, the book focuses on the forces underlying long-lasting growth in East Asia's Newly Industrialized Countries (NICs). Drawing from the experiences of Hong Kong, South Korea, Singapore and Taiwan, it questions whether public policy can contribute to removing barriers towards accumulation of wealth, and if so, what development policy should be put in place to remedy the existing distortions or market failure problems. Theoretical and empirical analyses are also used to broach other important issues, such as: Why do some economies experience growth while others decline? What are the major determinants of long-term growth and development? Is human capital the main driving force? Does international trade play a crucial role? This book will appeal to those with an interest in development and public policy.

Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications? Who loses? Who wins? What is the net aggregate welfare effect after an adjustment period? However, two points are rarely taken into consideration: How do globalisation and technological change interact and what are the potential long-run implications for economic growth? This book addresses the interplay of these megatrends. It asks how economic globalisation may affect innovation and technology of individual firms and eventually the growth prospects of countries. Thereby it shows that protectionism not only harms static efficiency but might as well lead to dynamic losses. The book provides a systematic overview of the theoretical underpinnings of the openness-growth nexus and summarises the conceptual problems and important findings of the empirical analyses so far. The theoretical insights are supported by two empirical studies, the first dealing with the innovative behaviour and the "within-multinational" technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate implications from exporting for German manufacturing firms.

This volume examines one of the major systemic changes in world economic history: the economic transformation in the Central European nations and the former Soviet states. Part I considers the dramatic adjustments in commodity structure and the geographic distribution of trade in these countries, while Part II surveys the sweeping transition of the Central and Eastern European countries' payments systems and the evolution of financial markets, exchange rates, and banking systems. Forms of integration with the global economy and proposed requirements for accession to the European Union are considered in Part III, and Part IV presents a model evaluating the record of structural adjustments in these transforming economies. The economic transformation in Central and Eastern Europe has been one of the major systemic changes in world economic history. This volume examines the dramatic changes in trade and payment systems in Central European nations and the former Soviet states during the first half of the 1990s. Part I considers the dramatic adjustments in commodity structure and the geographic distribution of trade in these countries, while Part II surveys the sweeping transition of the Central and Eastern European countries' payments systems and the evolution of financial markets, exchange rates, and banking systems. Forms of integration with the global economy and proposed requirements for accession to the European Union are considered in Part III, and Part IV presents a model evaluating the record of structural adjustments in these transforming economies. The main objective of this volume is to thoroughly cover the latest research advances in international trade and payments among these transforming economies. Written by noted authorities from prominent research centers, the chapters have a predominantly survey character and are supported by sound empirical evidence. Combining empirical research with policy evaluation and recommendations, this volume will serve as a resource for further studies on the economic transformation of the former Soviet bloc countries.

This compelling research review discusses the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the review also analyses more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. This review will be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.

U.S. and German export control policies are compared, showing how these policies have responded to the changes in the international environment, including the end of the Cold War. The policy differences are explained through an analysis of differences in state interests and external constraints, state strategies, domestic support for export controls, and institutional constraints on policy change. The conclusion put forward is that despite a partial convergence of U.S. and German export control policies in the 1990s, diplomatic conflicts between the U.S. and European governments over export control issues will continue to erupt.

A concise, yet complete study of the theory of international trade and foreign lending. The author discusses two of the major models used to discuss trade: the Theory of Comparative Advantage, and the Heckscher-Ohlin model. Connolly presents empirical tests of both theories, and then moves on to discuss, gains from trade and protectionist vs. free trade arguments and applies the basic trade model to international lending.

While there are many aspects to the challenges faced by nations and their people, trade is often one of the key issues faced and exemplifies the difficulty of finding a way through complex policy options. International trade has evolved beyond basic questions of tariffs. International trade laws and regulations affect aspects of life from access to healthy food to the protection of the latest innovations in communications and nanotechnology. An important challenge for all nations in the short term is whether the international trading system is configured to ensure sustainable economic growth that is enjoyed by all people of the world. This challenge is complicated by non-trade aspects haunting many nations' effort to improve the future for their citizens. The timely work contains a variety of essays from individuals who presently or in the past have been trade negotiators, worked in the WTO or its predecessor, are serving in legislatures, represent important constituencies, teach aspects of the WTO system or advise clients in the private sector. The essays are grouped into three sections: looking at the ongoing Doha negotiations and/or describing changes to the WTO system or negotiation approach that are needed/viewed as desirable; examining the direction US trade policy should take moving forward; and critically examining the world food crisis and what role the trading system and individual WTO members can take in helping to resolve the crisis.

While most advanced industrial countries have adopted a liberal approach to the regulation of capital flow, the typical developing countries have been driven to control foreign exchange in order to prevent a flood of speculative capital inflow and retain domestic monetary resources for local development needs. This book examines the Taiwanese experience in balancing controls on foreign capital with domestic development needs in a manner that has stabilized the national economy and created a substantial trade surplus. Chich-Heng Kuo's position in the Taiwanese government enables him to provide an accurate analysis of the legal framework and policies that have contributed to his country's success.

Kuo begins with a review of international capital flow patterns and suggests standards for national performance and capital markets that will enable policymakers to evaluate the costs and benefits of foreign exchange controls. His appraisal of the role of capital regulation in Taiwanese economic development indicates that encouragement of foreign direct investment and strict controls on outward capital flow have been key factors in creating a strong economy. Kuo describes the gradual reversal of these policies starting in 1986, when Taiwan had begun to accumulate large foreign exchange reserves and needed to focus on foreign investment abroad to cool down inflationary pressures at home. The final chapter explores possible applications for economic development in other countries. Providing legal and policy analysis as well as information on the impact of specific types of regulations, this case study will be useful to policymakers, professionals, and scholars concerned with international trade, capital, and economic development.

Technology plays an increasing role in competitiveness in the global market. This authoritative new book consists of essays - theoretical as well as empirical - studying the relationships between technology, growth, international competitiveness and employment.The first part of the book shows that international competitiveness and market shares are mainly determined by R&D efforts and technological advantages. It goes on to provide some evidence for the importance of home market size for competitiveness and for the role of proximity and trade flows for stimulating dispersion of new knowledge. Issues discussed include the implications for growth of technical progress as a learning process and of the degree of openness of the economy. The book also addresses the role of multinationals as vehicles for technology diffusion and of monetary policy in a growth context, and the effects of technical progress on the demand for labour, skilled as well as unskilled. Technology and International Trade will be of interest to academics particularly those in the fields of international trade, economic growth, industrial organization and technology.

A norm of special treatment for LDCs, created by the UN, has spread to various international organisations including the WTO. Within the WTO evidence of the institutionalization of the norm can be found both in the agreements and legal documents and the way in which the LDCs have been treated by other states. Helen Hawthorne investigates how norms impact on negotiations in international organisations. She shows that few studies of international organisations focus on the role of the weaker states in the organization, the majority focus either on the major states or the emerging economies. By ignoring the role of the poorer, weaker states in the GATT/WTO we are ignoring the history of these states in the organisation and do not get a true picture of the organization, how it operates in relation to them and their impact on the organisation.

This innovative book assesses the impact of labour standards on the competitiveness of firms through a comparison of developing and industrialized countries.The lack of a strict code of labour standards in developing countries is thought to result in unfair competition, which industrialized countries have used to justify protectionist policies. Developing countries are seen to oppose the adoption of labour standards, believing that such measures are likely to jeopardize their competitiveness in world markets. This book analyses both of these positions within the context of the current political debate on the subject. The authors investigate the reasons for implementing labour standards, and measure their impact upon firm competitiveness using a variety of empirical tests and statistics from approximately 165 countries. They conclude that labour standards do not have a significant impact on the competitiveness of firms or economies as a whole. From their evidence the authors offer policy advice including the decentralization of decision making for implementing labour standards, and the adoption throughout the world of core labour standards. Labour Standards and International Competitiveness will be welcomed by academics interested in international economics, development economics and labour economics, as well as by policymakers and practitioners working in international organizations.

This unique reference provides the first book-length bibliography on NAFTA. The scope of the book encompasses NAFTA from the Bush administration through the Clinton administration, up to and including 1995. It provides sources from a wide range of disciplines-business, economics, law, science, and political science-and from such diverse perspectives as labor and environmentalism. The book covers (1) serials, including journals, magazines, and newspapers; (2) books, pamphlets, government documents, and dissertations; and (3) non-book sources, including online databases, audiovisual materials, and the Internet. This unique reference provides the first book-length annotated bibliography on NAFTA. The scope of the book encompasses NAFTA from the Bush administration through the Clinton administration, up to and including 1995. It includes events leading up to the NAFTA vote in Congress on November 17, 1993, the vote itself and analyses of it, the political aspects of NAFTA's passage, and the status of the agreement once in effect. The book covers (1) serials, including journals, magazines, and newspapers; (2) books, pamphlets, government documents, and dissertations; and (3) non-book sources, including online databases, audiovisual materials, and the Internet. As a distinct reference, the book will be useful to researchers and scholars and will assist both academic and public libraries in answering reference questions.

This collection of orchestrated analyses develops an "issues and process framework" for assessing the Enterprise for the Americas Initiative to develop freer trade within the Western Hemisphere. This volume comes at a time of transition in U.S. domestic politics and global trade negotiations. Anticipating the critical choices to be faced by the Clinton administration, as well as other public and private sector leaders here and abroad, the analyses in the volume, written by a team of leading international trade and economic development specialists, will provide the reader with insights into the complex political, economic, social, and, to some extent, technical character of efforts to expand regional and world trade.

The major advances in transport services and the export of capital from Europe during the years 1870-1914 made possible the development of a true world economy. This volume studies the British Empire's export activity in light of its world power status. Saul traces the development of British overseas trade from its beginnings prior to European imperialism around the world through its standing at the outbreak of World War I.

The major advances in transport services and the export of capital from Europe during the years 1870-1914 made possible the development of a true world economy. This volume studies the British Empire's export activity in light of its world power status. Saul traces the development of British overseas trade from its beginnings prior to European imperialism around the world through its standing at the outbreak of World War I.

This book provides a thorough and practical interdisciplinary foundation for analyzing and structuring business relationships with customers in China in a post-Tiananmen context. The authors present a carefully crafted and timely synthesis of the commercial, financial, and legal framework that has been adopted by China to encourage foreign trade and investment. It focuses on China's steadfast commitment to the support of market-oriented reforms throughout the period of economic isolation imposed by the international community of nations from June 1989 through mid-1991. Support is provided for the position that China has irrevocably embarked on its journey toward a market economy and that the climate for foreign trade and investment has become sufficiently stable to warrant serious consideration by foreign business with long-term expansion goals.

The book begins with a historic overview of economic and legal developments in China since 1949. The impact of economic reforms implemented in response to the open door policy adopted by the Chinese leadership in 1979 on the state-planned, product-oriented command society is analyzed in the context of the decentralization of managerial responsibility. The structure and operations of domestic Chinese entities are examined in detail. Also emphasized is the importance of understanding the legal and practical aspects of these relationships prior to entering into serious negotiations with a potential partner. Care is taken to fully examine the Chinese Economic Contract Law and the Chinese Foreign Economic Contract Law. The role and function of China's major financial institutions are reviewed, and China's foreign exchange control system is also examined. The structure of China's foreign trade controls including tariff and non-tariff measures is analyzed for its impact on China's application for participation in GATT. Finally, the book focuses on integrating China's evolving commercial and legal framework for foreign trade and investment into actual business ventures with foreign partners. Foreign investment guidelines are reviewed, and the applicability of the Chinese Foreign Joint Venture Enterprise Law is comprehensively explained. The book is an indispensable tool for CEOs, strategic planners considering off-shore expansion, and academicians in the fields of international law, finance, and marketing.