This is the first book to cover in a comprehensive way, the conduct and structure of the international sugar industry from cultivation right through to end use. The authors look in detail at the workings of the growing and production sector and the trends in world production, consumption and trading of sugar. Important sections consider the policies of the world's major sugar producers and the likely future developments of the trade in the light of the developments in Eastern Europe and China, and in the substitute sugar sweetener products. The book will be an invaluable reference source for sugar producers and traders and for all those involved in the financial, advisory and investment communities.
Published in association with the International Sugar Organization

This book marries the disciplines of International Relations and Diplomatic History to provide a major new study of the GATT system in the 1960s. Using recently declassified British and American government documents, this book identifies the key role British diplomats played at the Kennedy Round. Through the close ties that characterise the Anglo-American relationship, the British influenced American policy and strategy in the negotiations. The evidence of this study challenges realist theories of middle power influence in the international political economy by demonstrating the determining role of state-level factors such as diplomatic skill and policy expertise.

Export financing has always been at the hub of any international company's activity. However it has moved up to the top of the agenda in the light of the recent Uruguay round on GATT. Willsher examines the new environment of project financing with a particularly detailed view of the risks involved, the instruments and other techniques vital to the knowledge of an international banker or corporate financier.

Export embargoes are imposed in the belief that enough economic damage will be inflicted on the target country to make it change course on some key political point. However, export embargoes also have economic consequences for producers in the country which imposes the embargo and for producers in third party countries. This book, first published in 1987, analyses the economic effects of export embargoes. It presents much general analysis on the topic and goes on, making use of a model, to examine in detail the 1980 US embargo on grain sales to the Soviet Union. Among the book's findings is the importance of expectations concerning how long the embargo will last in determining both the success of the embargo and the impact on produces in the country imposing the embargo.

The international fragmentation of economic activities - from research and design to production and marketing - described through the lens of the global value chain (GVC) approach impacts the structure and performance of small and medium-sized enterprises (SMEs) agglomerated in economic clusters. The consolidation of GVCs ruled by global lead firms and the recession of 2008-09 exacerbated the pressures on cluster actors that based their competitive advantage on local systems, spurring an increasing heterogeneity, both across and within clusters, that is still overlooked in the literature. Drawing on detailed studies of different industries and countries, Local Clusters in Global Value Chains shows the co-evolutionary trajectories of clusters and GVCs, and the role of firms and their strategies in organizing manufacturing and innovation activities in the context of ongoing technological shifts. The book explores the tension between place-based variables and global drivers of change, and the possibility for territories containing such clusters to prosper in the new global scenario. By adopting insights from the GVC framework and management studies, the book discusses how the internationalization strategies of firms create opportunities as well as constraints for adaptive upgrading in clusters. This book is of interest to both researchers and policy-makers who are interested in the dynamic sources of competitive advantage in the global economy.

The rising importance of China and its impact on the world economy has attracted massive interest worldwide. This book examines a wide range of issues related to China and its relationship with the world economy, focusing on its succesful development experiences and how its rise may affect the rest of the world in the coming decades.

This volume addresses various aspects of the microstructure of world trading markets and provides scientific evidence on the functioning of specific foreign markets. The study of market microstructure has previously focused on the U.S. markets, but with the rapid expansion in foreign markets there is a real need to understand the nature and functioning of foreign trading markets.

This book includes every aspect of the cotton trade, starting with the history and background, its growth and production patterns. It goes on to examine the international trade itself, the key players, recent trends, and a look at cotton prices, forecasting, and the factors that affect the cotton price. The author looks at end uses for cotton by analyzing the garment industry as a whole and the competition for cotton. This is related to cotton consumption and the global economics of this commodity. The final chapter looks to the future and attempts to forecast trends for the industry over the coming years.

The yen is now one of the major currencies freely traded in the world, and yet, many Japanese exporters take on a currency risk by invoicing in US dollars. In this book, the authors examine why this is the case, particularly for those exporters who have a strong presence in global markets. Managing Currency Risk enhances our understanding of exporters? behaviour by analysing the key factors that influence their choice of invoice currency. Detailed research based on unique data sets is used to highlight how firm size, product competitiveness, intra/inter-firm trade and the geography of export destination impact this decision. This book is a valuable resource for international finance researchers and political economists wishing to discover up-to-date information regarding currency invoicing by multinational firms. It will also be a vital tool for financial and governmental practitioners to discover more about their competitors? behaviour.

This volume centres on the issues surrounding the likely economic impact that EU membership has on joining nations, with the main emphasis on new issues and methods. Given the significantly greater level of economic integration that now exists in the EU, accession brings up a host of issues that either did not arise or were of secondary importance during earlier enlargement waves. For instance, EU membership now entails eventual membership in the monetary union. This raises a series of new issues such as interest rate convergence, exchange rate stability and the loss of sovereignty over monetary policy. Additionally, these macro issues interact with micro issues such as export performance, capital formation and foreign direct investment (FDI). Migration, unemployment and foreign direct investment are further issues that acquire a magnified importance for the prospective entrants. All of these questions are treated in the contributions in Economic Impact of EU Membership on Entrants: New Methods and Issues that should be of particular interest to academics as well as decisionmakers in prospective member countries. Richard E. Baldwin worked for the Institute of International Studies. He was a Senior Staff Economist for the President's Council of Economic Advisors in the Bush Administration (1990-1991) and has advised the European Commission on several integration issues. He has also worked in the past for the European Commission, EFTA, the OECD, the FCO, the World Bank, USAID and UNCTAD. From 1991 to 2001 he was Co-Director of the International Trade Programme of the Centre for Economic Policy Research. His areas of specialisations are international trade, regional integration, andeconomic geography. Before coming to Geneva in May 1991, he was a professor at Columbia University Business School, having done his PhD in economics at MIT, an MSc at LSE, and a first degree at the University of Wisconsin-Madison. Aymo Brunetti is Head of Economic Analysis in the State Secretariat of Economic Affairs of the Federal Department of Economic Affairs, Switzerland. In addition, he is Professor of Economics at the University of Basel and teaches at the University of Bern, Switzerland.

Although Latin America had a substantial merchant fleet by the 1950s, at the end of the century most of the major shipping companies have disappeared from the continent. Continuing to grow through protectionist efforts during the 1960s and 1970s, the industry began to decline when container technology, requiring large capital investments, shifted competition to access capital. This book shows how technology undermined and finally shattered the nationalist efforts to create a significant Latin American merchant shipping industry. Written in a clear and concise style, it provides the first authoritative survey of Latin American shipping during the second half of the century. The book opens with a discussion of cargo preference—a form of protectionism—in Chile and shows how Latin American merchant fleets expanded under cargo preference. Most countries witnessed a dramatic expansion in their national fleets. In the 1970s, the impact of containers, a new technology, began to be felt. As the book shows, the large capital outlays needed to adopt containers undermined the foundations of Latin American shipping companies, and most of the merchant shipping companies in the region gradually collapsed. The book also examines the non-commercial role of merchant shipping, particularly in international clashes such as the Cuban Revolution.

Jonathan Chu explores individual economic and legal behaviors, connecting them to adjustments in trade relations with Europe and Asia, the rise in debt litigation in Western Massachusetts, deflation and monetary illiquidity, and the Bank of North America.

The focus of this book is the ongoing Doha Round of multilateral trade negotiations, which is endeavoring to further liberalize trade in goods and services. Trade theory supports the view that elimination of trade barriers benefits both importing and exporting economies, and therefore is a win-win game for all the one hundred and forty-eight members of the World Trade Organization. A successful Doha Round is sure to have far-reaching ramifications for the global economy.

The freight container facilitates an extraordinary amount of commercial exchange while undermining sovereign autonomy. By helping to integrate world trade, the container empowers the activities of non-state actors - both licit and illicit. These activities have given rise to new tensions that threaten the very economic globalization that the container helped create.Hoovestal delves into the social, economic and strategic ramifications of the container in Globalization Contained. On the one hand, despite their ideological differences, economies like those of the US and China have a common interest in the globalization that containers make possible. On the other hand, this seemingly simple piece of technology stands between liberalist market 'freedom' and realist sovereign 'security.' Examining the global significance of the freight container, with particular emphasis on the perspectives of the US and China, Globalization Contained considers the implications of the freight container as an agent of change for the future of the global economy and global security.

"A clear, well-written, and comprehensive statement of a number of salient issues involving North American free trade--summarized and referenced to more detailed source material for the interested reader."
--Clark W. Reynolds, Stanford University

"A first-rate piece of work . . . Its great value is that it will be used for some time as a reference document by experts who will want to delve more deeply into the specifics of the many technical issues covered."
--Sidney Weintraub, University of Texas, Austin

Negotiations toward a North American Free Trade Area (NAFTA) began in June 1991. This book assesses both the substances and the form of a prospective NAFTA. Part One examines the objectives of the United States, Mexico, and Canada in the NAFTA negotiations; the potential shape and contents of the agreement (including dispute-settlement and institutional issues); its possible extension to third countries; and its implications for multilateral trade negotiations and the GATT.

Part Two examines the broad economic implications of a NAFTA for trade, investment, and employment; labor and environmental concerns that arise because of Mexico's lower level of economic development; and the cross-sectional issues of rules of origin and intellectual property.

Part Three analyzes how the energy, auto, steel, textile, agricultural, and financial services sectors of the Mexican economy could be affected by a NAFTA, and the implications for U.S. and Canadian industries. Part Four summarizes the major conclusions and policy recommendations.

Service activities such as banking, insurance, telecommunications, business auditing, distribution, trading, and other services have been at the forefront of the transformation process in East Central Europe and the former Soviet Union. These reforms, though far from complete, are now sufficiently advanced to draw lessons and to identify strategic options for foreign service firms expanding in the region. In this volume, leading analysts and practitioners offer an appraisal of the service markets and the challenges related to foreign entry into the services sector in Central and Eastern Europe during the "second wave" of transformation. What is the emerging pattern of change? What is the outlook for promising business in the area of services? Which entry strategies have proven particularly successful? How do the leading service providers from the West deal with the challenges confronting them in service markets of the region?

This collective volume used case studies, field research and industry studies to consider strategic options for foreign service firms in East Central and Eastern Europe for the late nineties and beyond.

s countries around the globe were rediscovering political freedom, speakers at the Federal Reserve Bank of Dallas' fourth annual South A west Conference called for greater economic freedom-free trade in markets free of artificial barriers and misguided regulations, free trade through out a continent (perhaps a hemisphere) that has discarded unnecessary restraints and is poised to emerge as a preeminent competitive force in the 21st century. The Dallas Fed conference, titled "Beyond the Border: Expanding Trade for Prosperity" and held October 24-25, 1992, brought together several hundred participants interested in the possibility of free trade throughout North America and beyond. "How far south can we go?" conference speaker Javier Murcio asked. His answer: "As far as economic reform takes hold. " Around the globe, countries were becoming engulfed in what Henry an "absolute prairie fIre of democracy. " And one of the fIrst Cisneros called places many nations were attempting to exercise this new-found political freedom was in the marketplace. As Richard Fisher put it: " . . . market capitalism is a universally accepted dogma. " "This world . . . is becoming one interdependent marketplace. State and national boundaries have become meaningless. No longer are there such things as domestic or foreign fIrms. Decisionmakers can be anywhere they wish to be because computerization and telecommunications allow people to be every where at once," Fisher said."

This book demonstrates how human rights instruments and values have brought different movements together in the struggle against free trade under the banners of state duty and law enforcement with their underlying principles of equality and human dignity. Special emphasis is placed on how subjectivities influence identification with certain values and legal or political strategies. Furthermore, by focusing on the understanding of human rights by social agents the book also shows that specific human rights have more political potential for certain types of subjects in the struggle against free trade than others, such as the right to development, the rights of women and the right to food. This analysis is conducted with a specifically Latin American theorization of human rights that challenges both Eurocentric scholarly works on the issue and the arguments of European activists directed at the allegedly Western authorship of human rights discourses.

This book answers the recently topical questions of how China's processed trade affects the trade of Southeast Asia. What is Southeast Asia's role in Factory Asia, the region's complex of cross-border supply chains? What is Southeast Asia's involvement in building or joining production networks in the region? And, most important, how can Southeast Asia increase the value added of its products and improve its competitiveness? This book provides rigorous analysis of how trade policy affects value added, highly disaggregated at the firm and product level, of the six Southeast Asian countries - Indonesia, Malaysia, the Philippines, Singapore and Viet Nam - and combines this with thorough examinations of their trade, industrial and labour policies.

High technology research laboratories are under constant pressure from the governments that support them to generate secondary utilities such as technology transfer and spin-offs. As buyers, such organisations are often used by governments to stimulate innovation by their suppliers, under tight budgetary constraints and within the rigid institutional frameworks applied to public research organisations. This book addresses the design of efficient buyer-supplier contracts within the institutional boundaries faced by the buyer and focuses in particular on vertical buyer-supplier linkages as a source of supplier core competencies in a cost- and technology-driven environment.
Based on a study of manufacturing contracts commissioned by the European Laboratory for Particle Physics (CERN), the book aims to answer two questions. First, what is the most efficient governance structure for organising buyer-supplier relationships, given the presence of specific institutional boundaries, high technological complexity and environmental uncertainty? Secondly, irrespective of the presence of such an efficient governance structure, what type of impact could technology-oriented government contracts have on supplier core competencies?

This book encapsulates the 'New Normal Policy' which has changed the regional policy between China and the African continent. This volume emphasises China's role in Africa as a collaborator in an attempt to fulfil the Beijing consensus in emerging countries. The contextual research encompasses how one can comprehend the influence of the Chinese model in Africa and her diplomatic relations with the continent. China and Africa: A New Paradigm of Global Business endeavours to define whether or not the Washington model has become weathered, and the Beijing consensus more relevant in this specific continent.

This book is a collection of timely and detailed articles on the North American Free Trade Agreement written by experts in the field who examine the Canadian, US and Mexican points of view. The scholars provide an overview as well as their insights of how NAFTA impacts on macroeconomic issues, national perspectives and bilateral issues, cross-border and industry-specific issues and the environment. This book serves as an excellent primary source of information on many of the significant aspects of NAFTA.

Emerging trade blocs in North America and the European Community are altering the global economy and Japan's place in it. This book asks: will trade blocs be trade diverting or create new opportunities for Japanese trade and investment?; will a new Asian-Pacific trade bloc emerge in response to this challenge?; and how will the collapse of the Soviet empire and the emergence of China as an economic power affect Japan's approach to trade blocs in its two most lucrative markets?

The institutional and legal status of the WTO, with its integrated dispute settlement system, provides a framework for certainty, security and stability for trade as well as a coherent system to protect intellectual property rights. In all member countries and their respective enterprises, WTO regulations need to be considered when designing and implementing trade-related strategies for business operations in the integrated global market.

This book aims at giving upper-level undergraduates and graduate students a comprehensive understanding of the public regulations related to international trade within the WTO mechanism and equip them, as potential policy makers and future practitioners in international trade, with the practical skills to interpret and apply the multilateral trade regulations as outlined by the WTO."

An inside view of the forces which shaped SEPA and the PSD written from the unique perspective of someone closely involved throughout the process. It uncovers the strategic, legal and practical implications of the full harmonization agenda and provides an assessment of where these initiatives stand today, including key lessons learned.