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.

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.

There are no miracles in Latin America, says international consultant Louis Nevaer--only opportunities--and with economic integration well underway, these opportunities are more promising than ever for U.S. businesses. Trade barriers fell at the Summit of the Americas, and even the Mexican meltdown failed to dim the Latin American promise. How U.S. businesses can participate in these processes of democratization and liberalization in Latin America is the subject of Dr. Nevaer's wide-ranging discussion. With attention not only to economic and trade considerations, but also to social, political, and cultural events and characteristics of the Latin American business scene, Dr. Nevaer provides readers with unusually rich up-to-date insights into how business is done there and how U.S. businesspeople can do it. This is important reading for corporate management at all levels, economists, international bankers and investors, and for their colleagues in the academic community who share their interests.

Dr. Nevaer starts with a general discussion of American business and business people in Latin America, and then puts the Latin American business scene in historical perspective. He looks the same way at the Mexican meltdown, focusing not only on Mexico's recovery, but on the residual social and economic problems as well. He then discusses strategies for turbulent markets throughout Latin America, Central America, and the Caribbean Basin Nations, with fascinating insights into the things that U.S. businesspeople can--and cannot--expect in their day-to-day interactions with their Latin American counterparts. Of special interest are the fourteen appendices. Together they provide a detailed list of sources for business information--an easily accessed guide that executives with special needs and concerns will find essential, and which will also be of help to scholars and academic researchers.

Depression and Protectionism considers the case of the oldest advocate of free trade and its greatest exponent, Britain, and examines the developments that led to the reversal of that policy in the 1930s. It also discusses the consequences of the protectionst policy for the domestic economy. * Discusses the most important debate in international economics * Using an explicit economic framework, the book examines the economic origins of the industrial tariff in Britain.

Covering the period 1550-1939, this book examines the history and development of theories of international pricing and trade. The work of the following economists is covered: Locke; Barbon; Vaderlint; Harris; Hume; Smith; Ricardo; Malthus; Bosanquet; Mill; Torrens; Marshall; Haberler; Austin; Stirling; Chevalier; Carines; Jevons; Leslie; Goschen; Bagehot; Wicksell; Sidgwick; Pigou; Viner; Heckscher; Ohlin; Keynes; Taussig; and Pareto.

Asia constitutes a large portion of the world's population and this new book provides a good selection of contributions that cover trade, equity and development in the continent. With contributions from such leading experts as Clem Tisdell, T.N. Srinivasan and Gustav Ranis, the book's chapters cover countries from Pakistan and India to Korea and Indonesia. This book should be required reading for those interested in the economic growth and development of Asian countries.

China, with the world's largest population, is set to become the second largest market in the world by 2010. The importance of understanding the environment for foreign direct investment (FDI) in China has never been more apparent.
With this as a context, this book examines FDI in China with the emphasis on the 'where to locate' question. Japanese direct investment is used as a case study elucidating the key locational determinants and characteristics thereof. This is the first book focusing on the 'where to locate' question with respect to the China market. All companies with a China strategy and all university business departments will find this book of vital importance.

Designed as a primer for policymakers and students, this volume focuses on two critical problems the United States faces as we move into the 1990s: the unprecedented size of U.S. trade deficits and the nation's declining international competitiveness. The author uses contemporary data to identify and explain the linkages among trade deficits, budget deficits, international competitiveness, the future of manufacturing in the United States, the U.S. debtor position, foreign direct investment, and other related economic and political problems. Particular attention is given to the critical role of the manufacturing sector in determining the nation's international competitiveness and to the effects on the manufacturing sector of tax and fiscal policies that alter international capital flows. The author's central unifying theme is that U.S. trade deficits and the nation's international competitiveness are related but different problems requiring separate policy consideration and sometimes different policy prescriptions. In fact, the author demonstrates, some policies that could improve U.S. trade balances would actually reduce our international competitiveness.

Divided into four parts, the book begins by defining international competitiveness, separating it from the trade deficit problems, and identifying its major determinants. Part II deals with the decline of U.S. trade performance in the 1980s and traces the growth of the deficit, its causes, the effect of remedial policy actions, and the implications for U.S. manufacturing. The resulting escalation in U.S. international debt is also discussed and analyzed. In the third section, the author examines the difficult adjustments that both the United States and its major trading partners must make to narrow unsustainable U.S. deficits and the complementary surpluses of some trading partners. The final section explores the key policy alternatives for dealing with the trade and competitiveness issues in the 1990s and provides a broad agenda of actions to deal with both problems. A separate chapter describes flaws in the organization of the U.S. government which hinder the conduct of U.S. policy and U.S. international economic leadership. Written in nontechnical language, "Beyond Blue Economic HorizonS" is both an invaluable assessment of U.S. trade and competitive prospects for students of international finance and a call to action for policymakers charged with developing sound economic and trade policies for the 1990s.

This volume brings together some of the most influential scholars in development economics to explore how to improve the well-being of the poor, how to design effective structures and institutions for poverty reduction, and what the role of economic, political and social dimensions are (and should be) in global development. Issues addressed include globalization; both its governance and a historical perspective; inequality, of income, and the potential for conflict; trade and labor practices in a transitional and developing world; and the natures and characteristics of institutions and markets.

Globalization and increasing international trade are becoming a fact of life, bringing increasing tensions and conflicts over their impacts on societies, livelihoods and the environment. The impacts are felt in industrialized countries but are often most harsh in developing economies. The growing debate involves not only professional economists and lawyers, but a broad range of academic disciplines as well as civil society and citizens' groups around the world. This text presents the most important contributions to the debate, and to the understanding of how sustainable international trade could be achieved. It should provide a useful sourcebook and guide to academics, practitioners and activists involved with these issues.

Series Information:
Harwood Fundamentals of Pure & Applied Economics

Trade, Environment and Sustainable Development explores the linkages between the objectives of liberalised international trade, protection of the environment and sustainable development. It is an anthology of essays by leading experts, key government officials and political leaders from the South Asian region, supported by officials of the OECD, UNCTAD and non-governmental organisations. Trade, Environment and Sustainable Development outlines the concerns of the developing nations of the South Asian region about the impacts on their trade and development from the environmental policies of the North. A range of country case and sector studies are presented, along with analysis of key regional issues.

This book provides a careful account of the leading propositions about the welfare gains associated with international trade and investment under differing institutional arrangements and policy choices.

Modern biotechnology - the controversial manipulation of genes in living organisms - has far-reaching implications for agriculture, human health, trade and the environment. Against the odds, an international treaty governing biosafety and trade in biotechnology was adopted in 2000. The Cartagena Protocol on Biosafety of the Convention on Biological Diversity deals with one of the most important and challenging issues thrown up by developments in biotechnology. This volume is a comprehensive review of the protocol and the process that led to its adoption. It includes contributions from many of the key players involved and analyses the commercial and political interests at stake, the operations and implications of the protocol, and prospects for the future.

This book provides institutional information and uses analytical tools to explains why governments should intervene in economies affected by globalization. With analysis of current country experiences and issues, this book is an essential read for all interested in the demands on economic policy in globalized age.

Presenting new material and a fresh perspective, Technology, Trade and Growth in OECD Countries, provides a unifying framework for the exploration of the role played by specialisation in economic growth and international competitiveness.