With the signing of the North American Free Trade Agreement (NAFTA) and the U.S. proposal for the widening of NAFTA to include the whole of the Western Hemisphere, there is now a greater mutuality of interest between the U.S. and the rest of the hemisphere than at any time in the recent past. Mexico, Canada, and the United States continue to deepen and refine their understanding of the practical implications of NAFTA. Latin American and Caribbean countries--most now democracies--have altered their development philosophy, placing greater stress on the workings of the market and opening their own markets to import competition. North America and other hemispheric subregions are seeking greater economic integration behind lowered trade barriers. Under this new philosophy, what other countries of the hemisphere most want is assurance of access to the markets of each other and the United States. This common thinking is what makes the present a most propitious moment for hemispheric cooperation.

The twelve papers in this volume provide information on and analysis of trade flows among developing countries (which are mostly in the Southern Hemisphere). In the early 1980s the worldwide recession brought about a slowing of trade among the South-South countries. Subsequently, given the slower growth of the developed countries, the authors of these papers believe there is hope for economic growth, increased trade, and improved balance of payments in trade among the developing nations. The papers included here are the result of a research project initiated by the United Nations Conference on Trade and Development (UNCTAD). This is a relatively new field, and these papers are a major source of information. They go beyond the confines of neo-classical theory, discussing the dynamic role of trade in the development and industrialization of developing countries.

"South-South Trade" presents a diversity of topics and approaches. On the supply side, the work is on identifying the determinants of the shifting comparative advantage over time of newly industrializing countries (NICs) and their impact on directions of trade. On the demand side, changes in the global patterns of income distribution, especially relating to the capital surplus oil exporting countries supplying the south, are explored. In manufacturing trade, the changes in organization of production and trade, including the corporate strategies of transnational corporations (TNCs), are assessed. Specific papers deal with agricultural and manufactured products and investment-related technological services. This work analyzes South-South trade within the framework of a world undergoing growth and structural change, where developing countries have attempted to diversify both the composition and geographical destination of their imports.

This book looks at East Asia's monetary and financial integration from both Asian and European perspectives. It analyzes the Euro area's framework for monetary policy implementation, introduced in 1999. It reviews the efforts to foster regional monetary and financial integration and relates them to Europe's own evolution. It highlights successes and failures in both cases and offers a careful assessment of the state of play. A central theme of the volume is that the East Asian reliance on markets is not enough to promote the kind of deep integration that Europe has achieved and that provides protection against exchange rate turbulence. The implications of the recent global crisis are also examined.
Written by two of the foremost monetary experts on Asia and Europe, this book will be an invaluable aid to students and academics interested in the relevance of the European experience to the debates about monetary integration in East Asia.

Low growth has become the economic default in the West. While China and other Asian Tigers continue to steam ahead, western commentators either argue that stagnation is inevitable, ignoring growth in order to focus on other factors such as inflation or inequality, or disclaim growth altogether. In Why the West is Failing, veteran businessman and economist John Mills strongly refutes these arguments. He maintains that the anaemic performance of western economies since the 1970s is due to the dominance of a policy framework that has fatally ignored the importance of industrial competitiveness. He shows that the key to driving up productivity - and thereby growth - is to promote a revival of manufacturing through investment and a competitive exchange rate policy. This would produce the extra resources needed to tackle climate change and reduce the risk of western politics continuing to spiral towards populist excess. It would also allow us to impede the baleful political consequences of Chinese economic domination.

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 discusses the economic interaction and interdependence that has arisen amongst nations in the contemporary world economy, the nature and significance of the pattern of trade balances that have resulted from them and the question of what, if anything, should be done by national governments about that pattern. The need for international coordination of economic policies is also investigated.

Globalization presents a paradox in light of the tendency toward regionalization in world trade and investment, and the emergence of the three economic super blocs--the Asia-Pacific Rim, North America, and the European Economic Community. The Third World countries and regions in Africa, Latin America, and elsewhere are left out of the action. This work states the fundamental problems that face Africa, draws the attention of the world policy makers to the problems, and proposes answers and solutions.

The post-Cold War era has seen an unprecedented move towards more legalization in international cooperation and a growth of third-party dispute settlement systems. WTO panels, the Appellate Body and investor-state dispute settlement cases have received increasing attention beyond the core trade and investment constituencies within governments. Scrutiny by business, civil society, academia, and trade and investment experts has been on the rise. This book asks whether we observe a transformation or a demise of existing institutions and mechanisms to adjudicate disputes over trade or investment. It makes a contribution to the question in which direction international economic dispute settlement is heading in times of change, uncertainty and increasing economic nationalism. In order to do so, it brings together chapters written by leading researchers and experts in law and political science to address the challenges of settling disputes in the global economy and to sketch possible scenarios ahead of us.

The book examines the economic performance and commercial prospects in the ASEAN economies. It provides a soundly researched and concisely presented analysis of (a) current economic growth, development and performance in the major economies (the economic tigers and dragons) in the ASEAN in the recent years, and (b) the prospects of these on investment, trade, and business between these economies and other countries in a global context via both bilateral and multilateral international economic relations.

Since 1985, the process of European unification has accelerated. Physical, technical, and fiscal barriers that separate the 12 countries are being removed, creating the largest mass market in the world. However, the market is not a homogeneous one. Cultural differences still exist; language barriers remain. If there is a Euro-retailer it will be a Euro-retailer that communicates in many languages, anticipates the unique tastes of countless cultures, and maximizes the economies of scale in production to offer the most attractive and unique merchandise at competitive price points.

Distribution logistics within each country are presented along with case studies of major retailers. Internationalization strategies and strategic alliances of retail companies are analyzed. The return of German retailers to the former GDR and distribution opportunities within Eastern Europe are highlighted. Extensive use of on-line financial reports produced by major security offices provide the most current information about this dynamic industry.

The trade in spices is one of the oldest and, at one time, one of the most important forms of commerce. While taken for granted today, spices have been coveted, plundered, fought over, and hoarded throughout history. The Age of Exploration was fueled in part by the desire to find direct routes to the spice-growing regions of Asia. Fortunes were made, battles fought, and countries conquered to satisfy the Western spice trade. This book is the first comprehensive bibliography on the economic and historical aspects of the spice trade. Arranged in broad chronological categories, the bibliography lists monographs, periodical articles, and other miscellaneous sources, including pamphlets and maps.

The first chapter includes sources covering more than one time period or the entire history of the spice trade. Chapter two covers the period from Biblical times through the fall of the Roman Empire, c. 400 A.D., including ancient Egypt, Greece, Rome, and the Holy Land. The Dark Ages and Middle Ages, from c. 400 to 1500, are covered in chapter three. Chapter four covers the Age of Exploration and Colonialism, including the European voyages and the colonization of Africa, Asia, and the Americas. The final chapter provides selective coverage of the post-World War II era. Sources listed in all chapters are in Western languages and available in U.S. libraries.

Computable General Equilibrium (CGE) models have been widely used for various economic simulations, such as, trade liberalization, environmental problems, and regulatory and tax reforms. CGE models are powerful but tend to be large-scale and, therefore, often difficult to learn. This book provides a comprehensive A-to-Z guide for CGE models. Focusing on its practical application, readers can learn from the simplest CGE models, and proceed, in a step-by-step manner, to database construction, programming for computation, and developing more elaborated CGE models, which can be applied empirically to actual simulation purposes. Particular emphasis is placed on computer programs of CGE models. Readers can obtain knowledge and skills from which they can develop and operate their own CGE models, and apply them to their research. This book is essential reading for all interested in computational economics, advanced macroeconomics, international trade, regional development, development economics.

This volume presents eighteen papers by leading Roman historians and archaeologists discussing trade in the Roman Empire during the period c.100 BC to AD 350. It focuses especially on the role of the Roman state in shaping the institutional framework for trade within and outside the empire, in taxing that trade, and in intervening in the markets to ensure the supply of particular commodities, especially for the city of Rome and for the army. As part of a novel interdisciplinary approach to the subject, the chapters address its myriad facets on the basis of broadly different sources of evidence: historical, papyrological, and archaeological. They are grouped into three sections, covering institutional factors (taxation, legal structures, market regulation, financial institutions); evidence for long-distance trade within the empire in wood, stone, glass, and pottery; and trade beyond the frontiers, with the east (as far as China), India, Arabia, the Red Sea, and the Sahara. Rome's external trade with realms to the east emerges as being of particular significance, but it is in the eastern part of the empire itself where the state appears to have adapted the mechanisms of taxation in collaboration with the elite holders of wealth to support its need for revenue. On the other hand, the price of that collaboration, which was in effect a fiscal partnership, ultimately led in the longer term in slightly different forms in the east and the west to a fundamental change in the political character of the empire.

This volume, which grew out of a study conducted by the East-West Center, analyzes the friction in telecommunications trade between the United States and Japan and the consequent imposition of the Super 301 clause on Japan. Giving both the U.S. and Japanese viewpoints, the book discusses trade in telecommunications and the events that led to the Super 301 clause and the Strategic Impediments Initiative. It also provides an in-depth analysis of GATT issues and what may be expected from the current Uruguay Round. Telecommunications deregulation and privatization in both countries are carefully assessed as are the social, policial, and cultural implications of the trade conflict, which led to President Bush's recent visit to Japan. The first book to focus specifically on trade in communications equipment between the United States and Japan, the volume fills a critical gap in the literature.

The growth of the services sector in developing countries and their increased participation in trade in services have far-reaching implications for promotion of employment and income and management of international migration. The book brings out these implications in the context of the Uruguay Round Agreement on Trade in Services (GATS) and explains how trade-related temporary movements of persons can be a partial substitute for longer-term migration, serving the interests of both developed and developing countries in a more efficient global economy.

This book examines the relationship between international trade and domestic economic growth in Britain since the eighteenth century. It was during this time that Britain enjoyed first a dominant role in world trade and then, from the outbreak of the First World War, saw its economic strength eclipsed by other emerging international powers. The essays here focus on two central concerns in the history of British economic development in the period: was overseas and colonial trade in the eighteenth century the principal motor of British industrial development? Has the structure of Britain's overseas trade in the twentieth century been one of the factors contributing to the "decline of the British industrial economy"?

In exploring these central ideas, the book examines the evolving structures of British commercial relations, the development and impact of commercial policies and Britain's changing international economic position. The volume contains both general essays which survey current debates and chapters dealing with more specific issues, including, for example, the role of the Atlantic trade in British economic growth in the eighteenth century; the impact of British trade on Continental Europe in the first half of the nineteeth century and the commercial factors which determined Britain's reaction to the founding of the European Community. The collection draws on distinguished scholars, whose work together offers an important contribution to our understanding of Britain's economic development during this pivotal period and to the wider debate on the relationship between trade and economic growth.

Michael Schaller supplies the historical background to show how the US transformed Japan from enemy to ally, covering the crucial years from 1945 to 1973 in which Japan emerged as a regional and global economic power. Schaller focuses on political, strategic, and economic relations, illuminating the connections between America's early trade policies toward Japan and the desire to secure the country as a bulwark against Communism in Asia.

Governments worldwide are seeking to liberalize agricultural trade, and to change their role from one of controlling trade and prices. Instead these governments seek new roles in encouraging market developments, ensuring quality, and providing food security by giving income assistance rather than controlling food supplies. The issue of how this process is being managed in developing countries is the focus of this book. A series of case studies including India, Sri Lanka, Ghana, Zimbabwe, Kenya, and Ivory Coast highlights the individuality of approaches and the varying capability and will of governments to take on these new roles.

This book brings together leading economists to analyze present economic issues and further debate on the need for sound economic policies to avoid a crash on a global scale. Subjects covered include: the US twin deficit, Western European economic integration, Eastern Europe's transition towards a market economy, the debt burden of the less developed countries, the growing and deepening discrimination against the rest of the world by new homogeneous areas such as the North America free trade area, and the new Europe and Japan. These are the issues at the head of global disequilibrium in the world economy.

Volume 42 of Research in Economic Anthropology focuses on systemic coverage, critical rethinking, and scientific analysis of the current problems facing the world economy and international trade aiming to provide a scientific basis for learning from the COVID-19 pandemic for the global economy and international trade. Current Problems of the World Economy and International Trade begins by reflecting the impact of the COVID-19 pandemic and the ensuing crisis for the global economy and international trade. The volume then reveals the prospects for the post-pandemic recovery of the world economy and the crisis management of international trade. Throughout, there are case studies from various countries, in particular the experience of China, Pakistan, Russia, Spain, Germany, Turkey, Kazakhstan, Kyrgyzstan, India, and the OECD. Current Problems of the World Economy and International Trade reveals the determinants of competitiveness and drivers of economic growth of individual countries provides useful applied advice on post-crisis recovery and the development of the world economy and international trade in the post-pandemic period.

Emerging Pathogens at the Poles: Disease and International Trade Law explores the applicability and possible complicating issues of the SPS Protocol to the Polar Regions in light of emerging pathogeneses and unknown host and environmental susceptibility and resilience. It examines the current literature on emerging pathogeneses in the Arctic and Antarctic and the relationship pathogeneses has with human development and movement of goods and people in spreading pathogens in the Polar Regions. Given the endemic nature of the Polar environment and the increasing interest in these regions for tourism and industry, this topic is important to address. The major component of the work is on the relevance of the SPS Protocol and the GATT 1994 Article XX(b) exception on human, animal and plant health as a barrier to trade which is examined in the context of its application to the Arctic and Antarctic. This book is an introduction to the interdisciplinary thinking required, across both science and law, in order to appreciate the significance of global trade barriers in reducing disease transmission and spread. The spread of pathogens across boundaries has become an important geopolitical issue and the provisions of international trade law may prove decisive in limiting or exacerbating the spread of disease. Academics and students with initial knowledge of the international trade regime, or those with initial studies in health or Polar medicine, will find this cross-over a useful introduction to the complications of food, trade and disease.

The 1970s and 1980s saw a radical expansion of manufacturing from developing countries, triggering off a new type of trade conflict in world trade. The response of industrial countries has been multi-fold, ranging from protection in sensitive industries to preference. This book takes stock, and evaluates the trade policy measures of Japan, USA and the EC, towards developing countries, with a realistic, "non-dependency" approach. Other works by Ippei Yamazawa include "Economic Development and International Trade: The Japanese Model", "Review of Pacific Co-operation Activities", "The Australian-Japan Relationship Toward the Year 2000" (with Peter D. Drysdale et al) and "The Economic Development of Japan and Korea: A Parallel with Lessons" (co-edited with C.H. Lee).