This book collects together the basic documents of an approach to the theory and policy of the balance of payments developed in the 1970s. The approach marked a return to the historical traditions of international monetary theory after some thirty years of departure from them - a departure occasioned by the international collapse of the 1930s, the Keynesian Revolution and a long period of war and post-war reconstruction in which the international monetary system was fragmented by exchange controls, currency inconvertibility and controls over international trade and capital movements.

This volume provides a practical guide to building and using simulation models for international trade theory and policy. Through a sequence of carefully constructed and fully documented programs, the volume illustrates how numerical simulation can be used to analyze a wide array of problems. Modern computable general equilibrium (CGE) models for trade policy are challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the volume makes CGE accessible to anyone with a background in microeconomics/trade theory. The volume will be useful to graduate students and researchers in international trade looking for a detailed guide to building simulation models and to developing the skill set necessary to enter into the world of CGE modeling.

Published in association with the Strategic Management Society, The Wiley Strategic Management Series aims to illustrate the best in global strategic management for academics, business practitioners and consultants. This book expands the understanding of strategic opportunities presented by the far reaching developments unfolding in the rapidly changing world economy, and in particular how they are impacting the North and South American continents. This wide--ranging collection of papers comprises a rich body of research and experience, spanning academics, business executives and consultants. Key emphasis is placed on competition and core competence, joint ventures and strategic alliances, and corporate performance. Writings included in this volume were selected as being representative of some of the most significant issues currently facing business strategists.

Renowned trade theorist Koji Shimomura passed away in February 2007 at the age of 54. He published nearly 100 articles in international academic journals. The loss of this extremely productive economist has been an enormous shock to the economic profession. This volume has emerged from the great desire on the part of the profession to honor his contributions to economic research.

Contributors include authoritative figures in trade theory such as Murray Kemp, Ronald Jones, Henry Wan, and Wilfred Ethier, world-renowned macroeconomists such as Stephen Turnovski and Costas Azariadis, and leading Japanese economists such as Kazuo Nishimura, Makoto Yano, Ryuzo Sato, and Koichi Hamada. This broad range of contributors reflects Koji Shimomura 's many connections as well as the respect he earned in the economic profession. This volume offers the reader a rare opportunity to learn the views of so many renowned economists from different schools of thought.

This book presents original research that examines the growth of international investment agreements as a means to attract foreign direct investment (FDI) and considers how this affects the ability of capital-importing countries to pursue their development goals. The hope of countries signing such treaties is that foreign capital will accelerate transfers of technologies, create employment, and benefit the local economy through various types of linkages. But do international investment agreements in fact succeed in attracting foreign direct investment? And if so, are the sovereignty costs involved worth paying? In particular, are these costs such that they risk undermining the very purpose of attracting investors, which is to promote human development in the host country? This book uses both economic and legal analysis to answer these questions that have become central to discussions on the impact of economic globalization on human rights and human development. It explains the dangers of developing countries being tempted to 'signal' their willingness to attract investors by providing far-reaching protections to investors' rights that would annul, or at least seriously diminish, the benefits they have a right to expect from the arrival of FDI. It examines a variety of tools that could be used, by capital-exporting countries and by capital-importing countries alike, to ensure that FDI works for development, and that international investment agreements contribute to that end. This uniquely interdisciplinary study, located at the intersection of development economics, international investment law, and international human rights is written in an accessible language, and should attract the attention of anyone who cares about the role of private investment in supporting the efforts of poor countries to climb up the development ladder.

This book presents original research that examines the growth of international investment agreements as a means to attract foreign direct investment (FDI) and considers how this affects the ability of capital-importing countries to pursue their development goals. The hope of countries signing such treaties is that foreign capital will accelerate transfers of technologies, create employment, and benefit the local economy through various types of linkages. But do international investment agreements in fact succeed in attracting foreign direct investment? And if so, are the sovereignty costs involved worth paying? In particular, are these costs such that they risk undermining the very purpose of attracting investors, which is to promote human development in the host country? This book uses both economic and legal analysis to answer these questions that have become central to discussions on the impact of economic globalization on human rights and human development. It explains the dangers of developing countries being tempted to 'signal' their willingness to attract investors by providing far-reaching protections to investors' rights that would annul, or at least seriously diminish, the benefits they have a right to expect from the arrival of FDI. It examines a variety of tools that could be used, by capital-exporting countries and by capital-importing countries alike, to ensure that FDI works for development, and that international investment agreements contribute to that end. This uniquely interdisciplinary study, located at the intersection of development economics, international investment law, and international human rights is written in an accessible language, and should attract the attention of anyone who cares about the role of private investment in supporting the efforts of poor countries to climb up the development ladder.

This collection explores the analytical, empirical and normative components that distinguish socio-legal approaches to international economic law both from each other, and from other approaches. It pays particular attention to the substantive focus (what) of socio-legal approaches, noting that they go beyond the text to consider context and, often, subtext. In the process of identifying the 'what' and the 'how' (analytical and empirical tools) of their own socio-legal approaches, contributors to this collection reveal why they or anyone else ought to bother--the many reasons 'why' it is important, for theory and for practice, to take a social legal approach to international economic law.

This book is a review of the development of the WTO dispute resolution procedure and the power and influence it has gained over the practises of the member countries as well as in other international treaties. The book addresses the development of environmental competency in the WTO and examines the arguments of those who oppose WTO rule making with impacts on the environment. The WTO's interactions with multilateral environmental agreements are considered and recent WTO cases including the 2011 US/Mexico tuna dispute and the US sea turtles decision are analysed in detail. In examining how an international organisation which was established with a specific purpose in mind has come to interact in fields beyond its original remit, James Watson demonstrates how the dispute resolution system at the WTO has come to work in a judicialised manner, operating with an informal system of precedent. This has led to the contracting parties placing more reliance on the decisions of the dispute panels and appeal body when considering policy options, with WTO rulings increasingly influencing the behaviour of national legislatures in regard to the environment. The book goes on to make concrete recommendations, based on existing practise in the WTO dispute resolution procedure, which could enhance decision making in environmental cases heard by the WTO. The book argues that this could be achieved with straightforward amendments to the WTO, based on existing practices endorsed under the WTO for other policy considerations. The WTO and the Environment will be of particular interest to academics and students of International and Environmental law.

This book brings together core papers by the editor and some of his colleagues during the past two decades on the role of trade openness, especially in farm products, in promoting national and global economic development. The chapters cover four areas: how national comparative advantage evolves in the course of economic growth; how agricultural markets and national and global economic welfare are affected by distortionary price and trade policies; how inefficiently non-trade concerns of societies are addressed using trade-distorting policies; and how the income distributional effects of trade policies drive the political economy of those policies.

As Malaysia's economy grows and flourishes, strong new links are being forged with other developing countries in the region and beyond. This book traces the ways in which age-old organizational, political, religious and trade networks between Nusantara, the Malay World, and Central Asia, East Africa and the Middle East have changed in recent years. The book argues that these old links are being revived by new forms of globalization, modernization and knowledge transfer that are developing and implementing non-western models of governance, often in direct reference to Islam. The book goes on to explain how, as Malaysia develops new links with Indian Ocean countries, many of them Muslim countries, a new style trading network is being formed, a network with Islamic characteristics, which echoes Indian Ocean Islamic trading networks of earlier times. Interspersed with interesting methodological insights into the latest network, transnational and spatial theories, the book provides detailed case studies of Malaysia's and Southeast Asia's trade and numerous other links with Indonesia, Egypt, Zanzibar, Comoros and Central Asia, and concludes by assessing how Malaysia's and ASEAN's new style network is likely to develop and influence wider global networks. Written with a depth of knowledge reflective of the author's many years of research throughout Asia, this book gives a real insight into how Malaysia's mentalities, traditions and ways of thinking are being applied to its interactions with its immediate neighbours and the wider world.

A feature of the global economy over the last half-century has been the proliferation of regional trading arrangements (RTAs) and the ongoing debate over the relationship between regionalism and multilateralism. The economic analysis of regionalism has increasingly come to focus on fundamental elements of international economics.The economic analysis of RTAs evolved substantially following Viner's key insight, which highlighted the possibility of trade diversion. During the 1980s and 1990s the analysis broadened to include trade-related issues and other areas. The debate currently thrives as the European Union expands eastwards, the USA looks to strengthen hemispheric relations, and East Asian countries consider regional arrangements more seriously after the 1997 regional crisis. This volume is a careful selection of the major contributions to the economic analysis of RTAs. It will be a valuable reference source for students, policymakers and academics.

During the period 1949 to 1979, communist China was officially pursuing a policy of self-sufficiency, and the United States and its allies were officially implementing a trade embargo against communist China. However, this book, based on extensive original research, demonstrates that China was highly dependent on Western/Japanese grain imports. The text shows that groups lobbying on behalf of Western/Japanese grain producers and related industries had successfully found ways of by-passing the embargo. This book charts the complicated picture of how economic relations between China, the West and Japan developed in these years.

Is a State free to adopt measures to protect the public health of its citizens? If so, what are the limits, if any, to such regulatory powers? This book addresses these questions by focusing on the clash between the regulatory autonomy of the state and international investment governance. As a wide variety of state regulations allegedly aimed at protecting public health may interfere with foreign investments, a tension exists between the public health policies of the host state and investment treaty provisions. Under most investment treaties, States have waived their sovereign immunity, and have agreed to give arbitrators a comprehensive jurisdiction over what are essentially regulatory disputes. Some scholars and practitioners have expressed concern regarding the magnitude of decision-making power allocated to investment treaty tribunals.

This book contributes to the current understanding of international investment law and arbitration, addressing the fundamental question of whether public health has and/or should have any relevance in contemporary international investment law and policy. With a focus on the clash of cultures between international investment law and public health, the author critically analyses the emerging case law of investment treaty arbitration and considers the theoretical interplay between public health and investor rights in international investment law. The book also explores the interplay between investment law and public health in practice, focusing on specific sectors such as pharmaceutical patents, tobacco regulation and environmental health. It then goes on to analyze the available means for promoting consideration of public health in international investment law and suggests new methods and approaches to better reconcile public health and investor rights.

Victorious after World War II and the Cold War, the United States and its allies largely wrote the rules for international trade and investment. Yet, by 2020, it was the United States that became the great disrupter - disenchanted with the rules' constraints. Paradoxically, China, India, Brazil, and other emerging economies became stakeholders in and, at times, defenders of economic globalization and the rules regulating it. Emerging Powers and the World Trading System explains how this came to be and addresses the micropolitics of trade law - what has been developing under the surface of the business of trade through the practice of law, which has broad macro implications. This book provides a necessary complement to political and economic accounts for understanding why, at a time of hegemonic transition where economic security and geopolitics assume greater roles, the United States challenged, and emerging powers became defenders, of the legal order that the United States created.

First published in 1986, this work reports the results of the Leverhulme project on mulitnationals and intermediate product trade based at the University of Reading during the academic year 1982/3. Chapter 1 summarises the main results of this project.

Part I focusses upon the theoretical component of world trade, dealing with both the theories of division of labour and vertical integration. Part II presents a number of specially-commissioned case studies relating to the project, concerning the motor industry, the bearing industry, the synthetic fibre industry, the tin industry, the copper industry, the banana industry and the shipping industry.

'This Handbook is a long-needed, comprehensive examination of fair trade's multifaceted and shifting coordinates by leading scholars from a wide range of disciplines. An invaluable resource for researchers and students alike.' - Daniel Jaffee, Portland State University 'Raynolds and Bennett have done a major service with this excellent Handbook, providing a sweeping overview of the past quarter century of fair trade work and research. The book offers wide-ranging insights from top experts concerned with theory and practice, and careful attention to fair trade's gains and losses. It will be of great interest to practitioners, activists, and scholars, and bound to be a cornerstone for the next phase of fair trade work and research.' - Gavin Fridell, Saint Mary's University, Canada Fair trade critiques the historical inequalities inherent in international trade and seeks to promote social justice by creating alternative networks linking marginalized producers (typically in the global South) with progressive consumers (typically in the global North). This unique and wide-ranging Handbook analyzes key topics in fair trade, illuminating major theoretical and empirical issues, assessing existing research, evaluating central debates and identifying critical unanswered questions. The first of its kind, this volume brings together 43 of the foremost fair trade scholars from around the world and across the social sciences. The Handbook serves as both a comprehensive overview and in-depth guide to dominant perspectives and concerns. Chapters analyze the rapidly growing fair trade movement and market, exploring diverse initiatives and organizations, production and consumption regions, and food and cultural products. Written for those new to fair trade as well as those well versed in this domain, the Handbook is an invaluable resource for scholars and practitioners interested in global regulation, multi-stakeholder initiatives, social and environmental certification, ethical labeling, consumer activism and international development. Contributors: C.M. Bacon, G. Balineau, L. Becchetti, E.A. Bennett, V. Bezencon, K. Brown, S. Brown, S. Castriota, P. Conzo, E. Davenport, B. Doherty, C. Getz , M.K. Goodman, N. Greenfield, A. Herman, A. Hughes, B. Huybrechts, J. Keahey, R. Le Velly, A. Linton, M.A. Littrell, W. Low, S. Lyon, R. Makita, A.M. Martin, H. Maryanski, M. McConway, G. Moore, T. Mutersbaugh, V. Nelson, L.T. Raynolds, D. Reed, M-C. Renard, R.A. Rice, L. Riisgaard, C. Rosty, A.M. Smith, S. Smith, D. Stevis, S. Suranovic, A. Tallontire, P. Utting, B.R. Wilson

This book examines the development of national legislative regimes for the protection of intellectual property rights in the Arabian Gulf states: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Yemen. David Price analyses IP rights in these states in the context of WTO membership, and consequent compliance with the requirements of the WTO's TRIPS Agreement. The challenges of domestic enforcement of the states' IP laws receive critical attention. A particular focus of the book is on foreign forces which have shaped or influenced the character of the states' IP protection regimes. It includes commentary on the contribution of foreign states, the WTO and WIPO in the pre-TRIPS and TRIPS compliance stages, and the US bilateral trade strategy for pursuing IP protection standards that exceed those enshrined in TRIPS, and the impact of these forces upon the states' enforcement performance. The role of the Office of the United States Trade Representative (USTR) and the Special 301 provisions as a powerful tool in the US' bilateral strategy receives particular attention. The intellectual property laws of these states have been developed virtually in the span of a single generation, and the process of change is continuing. As such, this book will interest practitioners both in and outside of the region, and those with an interest in intellectual property law, comparative law, Middle East legal systems and affairs, and international trade.

Between the 1930s and the 1950s rural life in Europe underwent profound changes, partly as a result of the Second World War, and partly as a result of changes which had been in progress over many years. This book examines a range of European countries, from Scandinavia to Spain and Ireland to Hungary, during this crucial period, and identifies the common pressures to which they all responded and the features that were unique to individual countries. In particular, it examines the processes of agricultural development over western Europe as a whole, the impact of the war on international trading patterns, the relationships between states and farmers, and the changing identities of rural populations. It presents a bold attempt to write rural history on a European scale, and will be of interest not only to historians and historical geographers, but also to those interested in the historical background to the Common Agricultural Policy of the European Union, to which the changes discussed here provided a dramatic prologue.

A Basic Guide to International Business Law aims to give students an understanding as well as practical knowledge of legal problems arising in the area of international business, and to equip them with the skills needed to prevent and tackle these problems. All Chapters employ the same didactic structure. Introductory case studies, examples, annotated case law, glossaries, diagrams, summaries and exercises are all designed to familiarize students quickly with relevant aspects of international (business) law. A Basic Guide to International Business Law deals with the following topics: * Introduction to International Private Law and European Law * Legal aspects of negotiations * International contracts: matters of jurisdiction and the law applicable to these contracts * International contracts of sale * Competion law * Free movement of goods, workers, the freedom of capital and establishment and the freedom to provide services * International payments * Carriage of goods by road and sea * Incoterms * Entry modes (agents, representatives, distributors, licensing, franchising)

Many firms operate in complex legal environments where several States may regulate the same activity against a background of international law. International competition law has grown in importance as national economies have become more integrated, at the same time as national competition laws have proliferated and enforcement efforts have been strengthened. This system is beset with conflicts arising where States perceive that the way that another country does or does not apply its competition law adversely affects its interests. This book clarifies the nature and origin of these conflicts, and explores possible ways to reduce them.
Noonan analyses the legal and policy issues associated with the control of restrictive business practices and anticompetitive mergers in international markets. The book discusses international cartels, dumping, private market access barriers, and mergers between international firms subject to multi-agency review. Subjects covered include the harmonization and coordination of competition laws, cooperation between enforcement agencies, international judicial assistance, and the role of trade agreements and the World Trade Organization in international competition law. Noonan also examines the problems that States have in regulating conduct beyond their borders and the merits of a variety of potential responses.
He contends that there is an evolving international competition law system, albeit a somewhat chaotic one. States are only just beginning to see the system as a whole and are struggling to identify where their long-term interests lie. This book describes the elements of the system and their interactions, and explains how the system isevolving; suggesting what States, individually and collectively, could do to modify the system to their mutual advantage.

Examining institutions rather than themes, this critical book provides a comprehensive survey of the inter-relationship between trade-induced economic growth and the environment and its impact on the global quest for sustainable development. Focusing in particular on the interests and concerns of developing countries and the skewing of international environmental policies into justifications for trade protectionism Shawkat Alam argues that environmental protection issues are inextricably linked with the economic development of developing countries whilst offering arguments for reforming the current international trade and environmental paradigms. Covering contemporary developments on both a global and regional level in a systematic fashion and examining the United Nation's approach to sustainable development, this book is of interest to those studying in a range of disciplines, including development studies, environmental economics, the politics of international trade and environmental politics.

For several decades, social enterprises have been pioneers in the conception and implementation of a pathbreaking social innovation: Fair Trade (FT). Fair Trade Social Enterprises have created a movement which has challenged mainstream trading practices and offered development opportunities for disadvantaged producer groups in the South. Starting from a niche market aimed at convinced customers, FT has expanded and entered mainstream retailing outlets, growing in visibility and market share, while simultaneously experiencing diversification of its organization models. While pioneer Fair Trade Social Enterprises in the early years were largely nonprofit organizations relying on voluntary work, they have become increasingly diversified in terms of legal forms, governance models and organizational practices. These diversified models seem to reflect the hybrid nature of FT itself, through different ways of combining a commercial activity (trading of FT products), a social mission (support to producers), and an explicit or implicit political message (often expressed through education and advocacy). Based on the study of Fair Trade Social Enterprises across Europe, this book builds a typology of organization models for FT. Author Benjamin Huybrechts further examines how the different organization models combine the economic, social, and political dimensions of FT, and how they manage the possible tensions between these dimensions. Fair Trade Organizations and Social Enterprise proposes a range of theoretical approaches to interpret the diversity of Fair Trade Social Enterprises and offers concrete avenues for managing social enterprises and hybrid organizations in general.

This book sets out techniques for using general equilibrium numerical trade models and their application for both researchers and practitioners in governmental and international agencies. The chapters are connected by the broader theme of application of general equilibrium computational methods to a range of policy and other issues involving the global economy and international trade. They reflect a long evolution in method and application from the early 1970's until today.The chapters include procedures that allow a competitive equilibrium in international trade with tariffs to be calculated. Results of calculations of optimal tariffs with and without retaliation in a sequence of simplified two-good, two-country trade models are provided. A numerical general equilibrium model of international trade involving major world trading blocs (the United States, Japan, the EEC and the Rest of the World) is used to analyze the effects of alternative tariff-cutting formulae proposed by the major participants in the Tokyo Round negotiations under the GATT.

These two volumes survey the most important scholarly writings in economics and political science that explain the drivers and constraints to freer world trade. This authoritative collection, with contributions by leading academics, includes seminal studies that have changed the course of thinking about international trade over past centuries and considers both pro free trade and anti free trade arguments. Along with an original introduction, the editors have also selected a few non-academic pronouncements that have shaped popular views about free trade. This collection will be of immense value to anyone with an interest in the economics of free trade and will serve as an excellent reference source to students and academics.

What role does the EU play in WTO trade negotiations? What are the implications for the EU of the expansion of the international trade agenda that has taken place in the last fifteen years? The European Union and Multilateral Trade Governance examines the EU's role in global economic governance and the negotiations of the Doha Round. The book provides a comprehensive overview of the EU's role in the Doha Round of multilateral trade negotiations. The empirical study is grounded in a theoretically driven discussion, in order to understand trade politics dynamics in the present international economic system. By providing both conceptual and empirical arguments, the volume provides an innovative perspective on the analysis of the EU as a global economic influence. The European Union and Multilateral Trade Governance will be of interest to students and scholars of European Union politics and international political economy.