The liberalization of trade and factor movements and the adoption of a common currency proposed for the EEC in 1992 have important implications for the rest of the world. Nineteen experts from academia, different countries and regions and international organizations analyze these implications theoretically and empirically. In general, the authors expect Europe 1992 to generate positive effects on trade and welfare, although concerns are raised over possible, inward looking policies by the Community. For many small and distant countries the effects are shown likely to be insignificant in any case.

A theoretical analysis of international trade and industrial policy, developing and using new models of trade with imperfect competition. Modeling of imperfect competition within international trade has been difficult until recent breakthroughs in this area, which have provided a more realistic view of the world economy. The book builds on the advances provided by such tools as game theory and the theory of monopolistic competition. The first section covers broad and basic trade issues which arise under imperfect competition. Section two examines implications for trade policy covering issues such as strategic trade policy in static and dynamic settings. Section three deals with various structural issues, such as optimal choice of trade liberalizing policies, the formation of trade blocks, and open dualistic economy with externalities.

The first volume in a new series examines German foreign policy towards Eastern Europe from 1890 to 1960, through a narrower focus on its trade policy actions with Poland, Czechoslovakia, and Imperial Russia/Soviet Union.

In the first, 1987, edition of this book, Dr. Higashi and Dr. Lauter have discussed and analyzed the initial stages of the internationalization process The authors with Michio Watanabe at a reception in Hakone, Japan, 1988. xvi THE INTERNATIONALIZATION OF THE JAPANESE ECONOMY of the Japanese economy as it had evolved between 1985 and 1986. In this, the second, edition, they explore the developments during 1985-1988 and show how the gradual transformation of the economy from export-Ied to domestic demand-Ied growth has taken place, what the results of the trans formation process are, what remaining problems still have to be resolved, and what directions the Japanese economy might take in the future. While the transformation process is by no means completed, Drs. Higashi and Lauter provide a broad, policy-analysis based overview that enables the reader to understand not only the economic but also the basic political and social issues involved in the internationalization process. In this sense, the authors stay away from the extreme positions that characterize so many of the publications on Japan today and attempt to provide a realistic view of the changes and the impact of these changes. I believe that this book is a fair and balanced representation of events."

One of the most pressing issues confronting the multilateral trade system is the challenge posed by the rapid proliferation of preferential trade agreements. Plenty has been written about why governments might choose to negotiate preferentially or multilaterally, but until now it has been written almost exclusively from the perspective of governments. We know very little about how non-state actors view this issue of 'forum choice', nor how they position themselves to influence choices by governments about whether to emphasize PTAs or the WTO. This book addresses that issue squarely through case studies of trade policy-making and forum choice in eight developing countries: Chile, Colombia, Mexico, South Africa, Kenya, Jordan, Indonesia and Thailand. The case studies are based on original research by the authors, including interviews with state and non-state actors involved in the trade policy-making process in the eight countries of this study.

This timely volume brings together professors of finance and accounting from Japanese universities to examine the Japanese stock market in terms of its pricing and accounting systems. The papers report the results of empirical research into the Japanese stock market within the framework of new theories of finance. Academics, professionals, and anyone seeking to understand or enter the Japanese market will applaud the publication of this practical, informative volume.

Having gathered data from the late 1970's through 1984, the authors analyze the market's behavior and the applicability of two major theoretical pricing models -- the Capital Asset Pricing Models and the Efficient Market Hypothesis -- to that market. Chapter 1 provides background statistical evidence on the behavior of monthly returns on Tokyo Stock Exchange common stocks. Chapter 2 discusses an empirical test of the capital asset pricing model. Chapter 3 examines evidence on the price performance of unseasoned new issues. The authors also examine the Japanese accounting disclosure system: Chapter 4 deals empirically with the information content of the annual accounting announcements and related market efficiency. The next chapter presents empirical evidence on the relationship between unsystematic returns and earnings forecast errors. Next, empirical research into the usefulness to investors of the disclosure system is examined. Finally, Chapter 7 presents several interesting questions and topics for future research on the Japanese stock market.

This book looks at the experiences of six Asian countries in terms of developing and implementing domestic competition policy. It analyzes how the choice of development policies impacts on the state of competition in each country and how competition contributes to development. The considerable variation in policies and experiences across the countries provides a rich source of information from which lessons and best practices can be drawn.

Understanding how firms and national economic systems respond to globalization is one of the most urgent and demanding tasks listed in the current agenda of researchers and policy makers. The papers presented in this volume tackle the theme of defining firms' objectives in this comparatively new perspective. This collection of original studies illuminates the links between the internal structure of firms, their incentives, and their performance.
This volume presents theoretical and empirical papers investigating crucial aspects of firm's structure and strategies, such as cross-border mergers, outsourcing, innovation and the maximization of non-profit objectives, in connection with the new challenges posed by globalization.
This book is indispensable reading for all interested in trade theory and policy, and development economics.

This book is the first wide-ranging guide to the key issues of intellectual property and ownership, genetics, biodiversity and food security. Proceeding from an introduction and overview of the issues, comprehensive chapters cover negotiations and instruments in the World Trade Organization, Convention on Biological Diversity, UN Food and Agriculture Organization, World Intellectual Property Organization, the International Union for the Protection of New Varieties of Plants and various other international bodies. The final part discusses the responses of civil society groups to the changing global rules, how these changes affect the direction of research and development, the nature of global negotiation processes and various alternative futures. Published with IDRC and QIAP.

Unravelling the complex relationship between gender inequality and trade, this is the first book to combine the tools of economic and gender analysis to examine the relationship between international trade and gender relations.

The book brings together fourteen contributions from a variety of economic perspectives, including structuralist, institutionalist, neoclassical and Post-Keynesian by a range of authors including Lourdes Beneria, William Darity, Marzia Fontana and Mariama Williams to demonstrate what feminist economics contribution to the analysis of international trade, through theoretical modelling, econometric analysis and policy-oriented contributions. It includes evidence from industrialized, semi-industrialized, and agrarian economies, using country case studies and cross-country analysis.

Arguing that trade expansion and reduction of gender inequality can be combined, but only if an appropriate mix and sequence of trade and other economic policies is implemented, this book is key reading for all students of international economics, gender and cultural studies and politics and international relations, amongst other disciplines.

A Basic Guide to International Business Law is an introduction to those parts of European and international law that are relevant to business. Having read this book, students will come away with a broad understanding of the international rules of law within the EEC, institutional rules of the European Union, international contract law, rules of competition and the four freedoms within the EEC.

The edition includes student friendly features, such as summaries of statements and references to relevant case law, making the book an ideal introduction for those on law and/or business programmes.

This book provides a comprehensive discussion and analysis of global energy resources, international energy markets, international energy forecasts for the first quarter of the 21st century, conventional and alternative energy technologies and pertinent historical developments of world energy. It is organized into four parts with 27 chapters that cover advance energy technologies, primary and alternative energy resources and country profiles. Part I introduces conventional energy resources; Part II covers alternative energy sources and conservation; Part III covers energy modelling and forecast methods for anlaysing energy development in the United States of America and the world; Part IV provides a country-by-country analysis of energy issues, law, resources and programs. It is indeed an assessment of the outlook for international energy that relates to major fuels, transportation, electricity and the environment.

The rise of the Arab world and China are part of the same story, once trading partners via the Silk Road. It isn't a coincidence that Arab traders have returned to China at the same time that China is fast regaining its share of the global economy. This is a breakthrough account of how China is spurring growth in the Arab world.

The Unfair Commercial Practices Directive is the most important directive in the field of trade practices to have emerged from the EC but it builds upon European activity which has sought to regulate trade practices on both a sectoral and horizontal level. It is an umbrella provision, which uses general clauses to protect consumers. How effective this approach is and how it relates the existing acquis are fundamental issues for debate. This work provides a critical appraisal of the Unfair Commercial Practices Directive linking discussion of it to general debates about how fair trading should be regulated. It explains how the Directive fits into the existing acquis. It also examines national traditions where these are necessary to explain the European approach, as in the case of general clauses. The book will be a valuable tool for any student of consumer law seeking to understand the thinking behind the directive and how it will affect national laws. It will also influence policy makers by suggesting how the directive should be interpreted and what policy lies behind its formulation. Businesses and their advisers will use the book as a means of understanding the new regulatory climate post-the directive.

Ideas are the fuel of industry and the entertainment business. Likewise, manufacturers receive suggestions for new products or improvements to existing products, and retailers frequently receive ideas for new marketing campaigns. Many ideas are not new and may be used by anyone without the risk of incurring any legal liability, but some ideas are novel and valuable. If the originator of a potentially useful idea does not have the financial resources to exploit the idea, he or she may submit it to another, with the expectation of receiving compensation if the idea is used. Although an extensive body of intellectual property law exists to protect the rights of inventors, authors, and businesses that own valuable brands or confidential proprietary information, raw ideas receive no protection. Nevertheless, the originator of a potentially useful and marketable idea is not without legal recourse. The courts have developed, through a long line of common law precedents, legal protection for novel and concrete ideas under certain circumstances. The originator of an idea can rely on contract law, whereby the recipient may expressly or impliedly agree to pay for the idea. Alternatively, if the idea is disclosed in confidence, its unauthorized use by the recipient allows the originator of the idea to recover compensation. Finally, some courts have treated the ownership of ideas as quasi-property rights.

Countries establish defence industries for various reasons. Chief among these are usually a concern with national security, and a desire to be as independent as possible in the supply of the armaments which they believe they need. But defence industries are different from most other industries. Their customer is governments. Their product is intended to safeguard the most vital interests of the state. The effectiveness of these products (in the real, rather than the experimental sense) is not normally tested at the time of purchase. If, or when, it is tested, many other factors (such as the quality of political and military leadership) enter into the equation, so complicating judgments about the quality of the armaments, and about the reliability of the promises made by the manufacturers. All of these features make the defence sector an unusually political industrial sector. This has been true in both the command economies of the former Soviet Union and its satellites, and in the market or mixed economies of the west. In both cases, to speak only a little over-generally, the defence sector has been particularly privileged and particularly protected from the usual economic vicissitudes. In both cases, too, its centrality to the perceived vital interests of the state has given it an unusual degree of political access and support.

First published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

This comprehensive book addresses one of the most important aspects of international trade, namely, regional trade and regional integration agreements (RIAs). The focus of intense global interest and debate over the last decade, RIAs have become an integral and enduring aspect of the multilateral trading regime. Dilip K. Das analyzes the latest trends, evaluates the pattern and gauges the progress of regional integration in the global economy over the post-war, and especially the contemporary, periods. At present approximately half of the world's trade is intra-RIA. Virtually all 146 members of the World Trade Organization are partners in at least one RIA, and several are part of two or more. While some economists believe that this proliferation of RIAs should be welcomed, others are less sanguine and emphasize the importance and primacy of multilateral trade liberalization. Dilip K. Das examines whether regionalism has a rightful place in a rapidly globalizing world economy. The role of RIAs in the global trading system is explored as well as their role in promoting economic development, their welfare implications and whether they adversely affect the global trading system. The principal foci of the book include the impact of RIAs' market access provisions and trade regulatory functions on international trade relations. Academics, researchers, and students in the areas of economics, international political economy, political science, international relations, regionalism, and business will find this timely volume of great interest.

By the 1780s in the city of Barcelona alone, more than 150 factories shipped calicoes to every major city in Spain and across the Atlantic, from Veracruz to Montevideo. Catalan, Basque and Castilian families sent relatives throughout the Iberian Peninsula and Spanish America, hoping to enrich themselves from the trade in calicoes. "Clothing the Spanish Empire" narrates the lives of families on both sides of the Atlantic who profited from the craze for calicoes, and in doing so helped the Spanish empire to flourish in the eighteenth century.

The conventional wisdom that political and economic actors in colonial countries are passive and reactive is undermined by Goldberg's close examination of the decisions and calculations of leading political and economic actors. Goldberg shows how critical decisions affecting Egypt's integration into the world economy were based on clear understandings of what policies were most likely to advance the interests of leading interest groups, with results that continue to bedevil Egypt's political economy today. Drawing on core concepts in political economy, Goldberg focuses on how Egyptian cotton growers decided to invest in the development of product reputation, developed institutions to protect that reputation, and engaged in coalition politics to protect their interests. The result was a heavy reliance on child labour and thus the failure to provide education and skills necessary for economic development, undermining subsequent attempts to industrialize Egypt and move it away from the production of primary goods. This is a tale of paradoxes and unintended consequences of rational action.

Following substantial policy reforms in many countries, the past decade has been characterized by a remarkable increase of long-term private capital flows to the developing world. However, the bulk of these investments has concentrated on a few economies at the intermediate level of the international income distribution, while the large number of low-income countries has been mostly neglected by international investors. Starting from these observations, International Investment, Political Risk, and Growth analyzes the potential growth effects of liberalizing investment regimes in developing economies and offers an explanation for the apparent bias of private capital flows towards middle-income countries. It demonstrates that the removal of investment barriers may liberate an economy from a vicious circle of poverty, unproductive saving, and low growth, and presents a novel approach to analyzing the role of political risk as a major impediment to greater private capital inflows. Offering a combination of theoretical models and empirical analysis, and discussing both the historical evidence and the recent literature, this book contributes to a better understanding of the determinants and consequences of international investment in developing countries.

In this new, fully updated edition of "Trade Politics" leading experts from Europe and North America provide a comprehensive overview of the politics of international trade in the 21st century. The book explains the changing political environment in which trade policy is shaped, the core political issues, the future trade agenda and the role of the key actors. Subjects covered include:
- transatlantic trade relations
- regional trading agreements in Asia, Europe, North America and Latin America
- how trade affects developing countries
- the politics of the World Trade Organization
- key policy areas such as agriculture, competition and intellectual property
- the role of firms and governments in international trade
- how trade impacts on human rights and the environment
With more case studies in each chapter, suggestions for further reading, lists of websites and chapter summaries, this is the ideal text for students of trade politics, international political economy and international business.