Agriculture has been the unruly horse of the GATT/WTO system for a long time and efforts to halter it are still ongoing. This Research Handbook focuses on aspects of agricultural production and trade policy that are recognized for their importance but are often kept out of the limelight, such as the implication of national and international agricultural production and trade policies on national food security, global climate change, and biotechnology. It provides a summary of the state of the WTO agriculture negotiations as well as the relevant jurisprudence, but also, and uniquely, it focuses on the new and emerging issues of agricultural trade law and policy that are rarely addressed in the existing literature. With contributions from a multi-disciplinary team of leading analysts from around the world, this Research Handbook will appeal to trade negotiators, international trade law and policy academics as well as postgraduate students in the field. Contributors include: K. Anderson, D. Blandford, M. Cardwell, I. Carreno, M.G. Desta, G. Dutfield, C. Haberli, L.A. Jackson, T. Josling, E. Laurenza, A. Matthews, J.A. McMahon, F. Smith, S. Switzer

Government policies to reduce environmental pollution and global warming are often criticized as damaging to the economy, particularly by reducing international competitiveness. This book addresses the issue by examining many of the policies concerned, and their effects on competitiveness. It demonstrates that well-designed, market-oriented environmental policies may be expected to improve both domestic and international competitiveness. The authors dismiss the fear that environmental policies will damage competitiveness by approaching the issue from four different perspectives: the economic analysis of competitiveness; a geo-economic approach to trade and foreign investment between Europe, NAFTA and Southeast Asia; studies of the effects of environmental policies on competitiveness; and the formal modelling of carbon taxation, international competitiveness and carbon leakage. The book also includes results from a global econometric model on the potential for carbon leakage, a detailed case study of German national policies, an examination of life cycle analysis and competitiveness, and an empirical study of green product development. This book will be of great interest to academics working in the field of environmental economics and researchers involved in environmental policy.

What is the current state of rela tions between the United States and the Republic of China on Tai wan and how might they be im proved? These were the broad questions addressed at a confer ence co-sponsored by the Clare mont Institute's Asian Studies Center and the Institute of Interna tional Relations in Los Angeles in 1989. This volume, which brings together the papers presented by American and Chinese scholars, diplomats, and businessmen, con siders the current international status of the Republic of China and its economic and strategic partner ship with the United States.

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 argues for a balanced approach to 'greening' the World Trade Organization (WTO) ban on China's export duties without opening the floodgates to protectionism. As a result of the China-Raw Materials and China-Rare Earths decisions, China is largely prohibited from using export duties to address environmental problems, including those associated with climate change. This is despite a number of climate studies having suggested that Chinese export duties could be useful for reducing carbon leakage, an issue of international concern. This book puts the case for a more balanced approach. It shows that a harsh ban on China's export duties constrains its policy space to protect the environment, particularly in the context of climate change. The work presents feasibility tests for various legal solutions that have been discussed for adjusting the ban, and it accordingly proposes a more feasible approach that would allow China to help protect the environment without advancing protectionism. The proposed legal option provides a less protectionist alternative to export duties, namely 'export duties plus': export duties in combination with supplementary restrictions on Chinese consumption. This analysis also yields insights regarding ways to correct WTO precedents, which suggests a moderate alternative response to an important issue behind the Appellate Body crisis. The book will be a valuable resource for academics, researchers and policymakers in the areas of International Trade Law, Environmental Law and China.

In a period of about 20 years, Latin America (LATAM) moved from having highly unstable closed economies ruled by authoritarian regimes, to becoming more democratic, stable and open to investment and trade, attracting by 2020 close to 11% of world total foreign direct investment. In parallel, the region has seen the emergence of large multinational companies (so called multilatinas), which have become true global players. There is still relatively little knowledge about how to manage employees in these countries and there is a need for more research addressing people management problems. In comparison with other world regions, Human Resource Management research on Latin America remains scarce. Focusing on this region, this book seeks to offer a more up to date review of the main developments in HRM and talent management that have recently occurred in Latin America, paying attention to local cultural and institutional factors; illustrate examples of idiosyncratic problems or issues that require approaches to TM that differ significantly from those commonly established in current literature; and describe and reflect on the transfer of Talent Management policies from and to LATAM within the context of local and foreign multinational companies. Talent Management in Latin America updates main HRM topics in Latin America, with a local focus on culture and institutions. It shows the latest state of knowledge on the topic and will be of interest both to researchers, academics, and students in the fields of human resource management, critical management studies, and international business.

This book analyses the paradoxes of Pakistan's economy, meritocratic domestic policy and the role of the state and civil society. It argues that the transition in the county's foreign policy from geo-politics to geo-economic depends on a fundamental domestic policy transition from kleptocracy to meritocracy. Civil Society and Pakistan's Economy discusses how the prevalence of rent seeking practices has undermined merit-based practices by increasing the cost of doing business and converting public loss into private profit by awarding inappropriate subsidies and imposing regressive taxes. The analyses are supported by describing the instruments and mechanisms used for rent seeking practices and the creation of public awareness of options available to change these practices through citizen's action and civil society engagement. The book also shows the path of transformation and the role of participation and argues that aspiring for and capturing power is not the only way to transform Pakistan. A novel analysis depicting macro-micro linkages of encroachment of socio-economic space by the power elites and effective strategies used for its reappropriation by the people, the book will be of interest to academics researching South Asian Studies, in particular South Asian economics and politics.

This book scrutinizes the role of Hong Kong in the expansive, and contested, vision of China's Belt and Road Initiative (BRI). In two main sections, it first discusses the defining features of the BRI and the evolving expectations of the role of Hong Kong in the BRI from the perspectives of policy makers and the professional sectors of accountancy-finance and the law. The second section contemplates the potential opportunities for Hong Kong from the perspectives of recipient countries of Sri Lanka, Vietnam, Cambodia and Myanmar. Utilizing an action research approach and engaging the views of a broad spectrum of actors, the authors observe the critical role of agency and innovations in a context of institutional contradictions, the impact of BRI governance structure for the deficits in international participation, gaps between grand state visions and commercial interests, and the salience of effective communication in navigating complex policy initiatives. Taking these together unpacks the complex processes shaping Hong Kong's participation and role in the BRI. This book will appeal to students and researchers interested in the BRI and Hong Kong, in the contexts of institutional contradictions, agency innovations and political dynamics as well as sustainable development.

Given the importance of globalization in today?s world, this salutary and timely book explores how globalization is specifically shaping the Asia-Pacific. It investigates future prospects and challenges, identifies the key winners and losers, and concludes in many cases that the portents for globalization are not particularly promising. Prominent economists and policy scholars examine a wide range of topics pertinent to globalization and economic integration in the Asia-Pacific, encompassing macroeconomic coordination and financial market integration; regionalism and preferential trade agreements; and immigration and labor markets, including gender issues and the impact of outsourcing. Through these analyses, the expert contributors illustrate the importance of market participants and regulators clearly understanding the risks associated with the present stage of globalization. They show that national policy makers need to reconfigure the regulatory framework following international lessons from previous financial crises experienced in the last two decades, and that financial literacy is essential for market participants, especially in emerging economies. Many of the issues discussed will prove useful in promoting the development of a new international financial architecture, comprising measures that will help reap the full benefits of globalization.This stimulating and challenging book will strongly appeal to academics, advanced undergraduates, postgraduates, researchers, and policy makers in the fields of Asian studies, international economics, and international business.

For years, China's transformation from one of the world's poorest nations was lauded as a triumph that lifted hundreds of millions of people out of poverty. There were always questions about data reliability and growth sustainability, but the general views on China have recently taken a decidedly sour turn. Concerns abound about state interference in the economy, an ageing population, and high debt level. Making Sense of China's Economy untangles China's complex economic structure, evolving issues and curious contradictions, and explains some key features of this most puzzling of global economic powerhouses. This book reveals how factors such as demographics, the initial stage of development in 1978, the transition away from full state ownership and central planning, the dual urban-rural society, and a decentralised governance structure have combined to shape the economy, its development and its reforms. It shows how the pragmatic and adaptive nature of China's policymaking upends familiar perspectives and hinders simple cross-country comparisons. The book also explores crucial topics including the property market, debt accumulation and environmental challenges. In this book, Tao Wang innovatively weaves the multiple strands of China's economy into a holistic and organic tapestry that gives us unique insights from both a Chinese and an international perspective. This book is critical reading for business leaders, investors, policymakers, students, and anyone else hoping to understand China's economy and its future evolution and impact, written by a specialist who has studied the country from both inside and out.

This book provides a fascinating perspective on why China will very likely continue to play a major role in world export at a time when it is losing its comparative advantage in labor-intensive manufacturing products as a result of rapidly rising labor cost and appreciation of its currency-the secret lies in the fact that China (as the most populous nation) can benefit from increasing returns to scale. However, the author also clearly outlines the enormous challenges ahead of China: to urbanize and integrate most of its rural population as a precondition for China to explore its potential advantage in scale economy through agglomeration effects.' - Guanzhong James Wen, Trinity College, US and Shanghai University of Finance and Economics, China'This is an original reading by a Chinese economist on the grand topic of China's urbanization. Through gathering a vast amount of raw materials available in Chinese, the book deliberately maintains its indigenous flavour and introduces rich and timely information to the outside world, on topical issues such as household registration (Hukou) reform, fairness of land acquisition, housing price control, forced demolition, urban poverty, traffic congestion and many other topics. The attempt to consider the implications for the world economy, especially on issues such as energy and material consumption, is extremely valuable and much needed.' - Fulong Wu, University College London, UK This innovative book places China's urbanization within a broader global context, including a detailed estimate of China's total domestic market and its impact on the world economy. Urbanization has become a new driving force in China's development. Through China's urbanization process, China's role in the world economy will change from the world's major workshop to one of the world s central markets. The increase in demand triggered by urbanization has created a tremendous impact in the international market, changing China's international trade patterns, foreign investment and exchange rate. The success of China's urbanization depends on a group of intertwined economic and political reforms, the vision and determinedness of the leadership, cooperation and opposition of the local government, and the attitude of society. This book focuses on the logic and contradictions of China's urbanization and its future, its impact on the world economy, and the policy tradeoffs the Chinese leadership face. Economists, policymakers, academics and students interested in urban policy, international studies, Asian studies and the impact of China's urbanization on the world economy will all have much to learn in this groundbreaking book. Contents: Preface Prologue Part I: China s Urbanization 1. China's Urbanization: History and Facts 2. The Road Map and Logic of China's Urbanization 3. Industrialization and Urban Development 4. Labor Migration 5. Land and Local Government Finance 6. Infrastructure and Housing Construction 7. Social Aspects of Urbanization 8. Other Problems with Urbanization 9. The System of the Cities Part II: China's Impacts on the World Market 10. Overall Estimates and Assumptions 11. Raw Materials and Capital Goods 12. Consumer Market 13. Relocation of Factors: Labor and Capital 14. Macroeconomic Impacts Part III: Choices of China and the World 15. China's Choices 16. The Choices of the Rest of the World Conclusions Reference Index

In The Retreat of Globalisation, award-winning fund manager Gervais Williams outlines why we are entering a period when the culture of financial markets will change more in three years than it has in the last 30.Globalisation has been running into headwinds for a while, but until recently few appreciated that it had already passed its high-water mark. With the benefit of hindsight, we can now see events like Brexit and the election of Donald Trump in the context of a new social - and economic - trajectory.Markets have already entered a period of flux. Social disenchantment with globalisation was already a political issue. But the market implications of a retreat from globalisation remain greatly under-appreciated.How can savers know what might constitute the best stocks in this changed world? The Retreat of Globalisation argues for some unconventional yardsticks going forward. The answers may seem counter-intuitive to those who have only known one set of economic conditions. But the need to find those answers has never been more pressing.

The flow of capital to Third World countries in recent years has been less than expected for realizing their growth objectives. As a consequence, efforts have been redoubled to attract capital in the form of direct investment. The World Bank has proposed the establishment of a multilateral guarantee scheme, encompassing as many investing and host countries as possible, to reduce the risks associated with overseas investment.The authors analyze and comment on the necessity and suitability of the World Bank proposal. They examine earlier proposals for setting up multi lateral guarantee schemes and the reasons for their failure, develop an eco nomic frame of reference for analyzing the new proposal, describe and examine the World Bank plan, and present alternatives to it. They pay particular attention to two major assumptions of the plan: that additional foreign investment capital for developing countries could be mobilized on a large scale if the investment risks were reduced, and that existing national insurance schemes display shortcomings that could be avoided in a multilateral system.

This volume focuses on the aftermath of the euro crisis and whether the reforms have brought about lasting changes to the economic and political structures of the crisis countries or if the changes were short-term and easily abandoned post-bailout and post-recovery. Starting with an analysis of the state of euro area governance at the onset of the crisis and the ensuing reforms, the book considers structural conditions as well as those specific to the domestic political economy of most of the countries affected by the crisis, including Greece, Ireland, Portugal, Spain, and Italy. It presents up-to-date and incisive analysis of the aftermath of the crisis and suggests how we can situate it within our understanding of different national growth models in Europe. This book will be of key interest to scholars, students and practitioners interested in the Euro Crisis, Economic and Monetary Union, European Union and European politics and more broadly to Comparative Politics, Political Economy, International Relations, Economics, Finance, Business and Industry.

Contemporary capitalism is always evolving. From digital technologies to cryptocurrencies, current trends in political economy are much discussed, but often little understood. So where can we turn for clarity? As Michael Roberts and Guglielmo Carchedi argue, new trends don't necessarily call for new theory. In Capitalism in the 21st Century, the authors show how Marx's law of value explains numerous issues in our modern world. In both advanced economies and the periphery, value theory provides a piercing analytical framework through which we can approach topics as varied as labour, profitability, automation and AI, the environment, nature and ecology, the role of China, imperialism and the state. This is an ambitious work that will appeal to both heterodox economists and labour movement activists alike, as it demonstrates the ongoing contemporary relevance of Marxist theory to current trends in political economy.

The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernisation and transition from both theoretical and practical angles. Based on theories from development economics and solid empirical studies, the authors, two renowned Chinese economists, provide a perceptive analysis of the Chinese development model in the post-Mao era. They shed light on questions that have perplexed many: How can China sustain the rapid growth of the past 40 years? Is there a unique "China path" to economic progress? They argue compellingly that China's development model has to switch from a manufacturing-driven one to a brand-new approach, centring on scientific and technical innovation and the integration of its existing economic structure into an increasingly complex global economy. Such transformation will help overcome the "middle-income trap" while addressing other institutional and economic challenges. The book will appeal to students, scholars and policymakers interested in the Chinese and global economies, as well as transnational studies in the post-COVID-19 world. General readers willing to obtain a grasp of Chinese economic development from the insider's perspective will also find it useful.

On the 25th anniversary of the establishment of the Hong Kong Special Administrative Region of the People's Republic of China, this book presents the first monographic study of the Hong Kong Basic Law as an economic document. The Basic Law codifies what Gonzalo Villalta Puig and Eric C Ip call free market constitutionalism, the logic of Hong Kong's economic liberty as the freest market economy in the world. This book, which is the outcome of several years of study with the financial support of the General Research Fund of Hong Kong's Research Grants Council, evaluates the public choice rationale of the Basic Law and its projection on the Hong Kong economy, with a focus on the policy development of economic liberty both internally and externally. In the academic tradition of James M Buchanan's constitutional political economy, the book opens with a conceptualisation of free market constitutionalism in Hong Kong. It studies the origins of this concept in the 19th-century classically liberal common law and how it developed into a Hayekian laissez-faire convention under British colonial rule, was codified into the Basic Law and is interpreted and applied by the branches of the Government of the Region. The book closes with remarks on the future of Hong Kong's free market constitutionalism in face of recent challenges as the year 2047 approaches and the 50 years of 'unchanged' capitalist system under the Basic Law come to an end. This book will appeal to students, scholars and practitioners of law, economics, political science and public administration. It will especially appeal to those with an interest in Hong Kong law, international economic law or comparative constitutional law.

There is an entrenched relationship between the consulting industry and the way business and government are managed today which must change. Mariana Mazzucato and Rosie Collington show that our economies' reliance on companies such as McKinsey, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG and EY stunts innovation, obfuscates corporate and political accountability and impedes our collective mission of halting climate breakdown. The 'Big Con' describes the confidence trick the consulting industry performs in contracts with hollowed-out and risk-averse governments and shareholder value-maximizing firms. It grew from the 1980s and 1990s in the wake of reforms by both the neoliberal right and Third Way progressives, and it thrives on the ills of modern capitalism, from financialization and privatization to the climate crisis. It is possible because of the unique power that big consultancies wield through extensive contracts and networks - as advisors, legitimators and outsourcers - and the illusion that they are objective sources of expertise and capacity. To make matters worse, our best and brightest graduates are often redirected away from public service into consulting. In all these ways, the Big Con weakens our businesses, infantilizes our governments and warps our economies. Mazzucato and Collington expertly debunk the myth that consultancies always add value to the economy. With a wealth of original research, they argue brilliantly for investment and collective intelligence within all organizations and communities, and for a new system in which public and private sectors work innovatively for the common good. We must recalibrate the role of consultants and rebuild economies and governments that are fit for purpose.

The UK's departure from the EU has profoundly affected the politics and economics of Northern Ireland. Brexit has shattered a political accommodation that was taking shape in the region that involved nationalism and unionism refraining from aggressively pursuing their own objectives or making excessive demands on each other. Economically, it has made the task of building an innovative economy in the region immeasurably more difficult. Without radical change, Northern Ireland is destined to be an economic outhouse of an under-performing UK economy. This book represents the first systematic study of the impact of Brexit on the political and economic future of Northern Ireland and Ireland. It provides a detailed assessment of the consequences of the Belfast Agreement and highlights how Brexit imperils the advances that have been made since its signing in 1998. It makes a dispassionate assessment of the changes that may be necessary to create a stronger Northern Ireland economy. On the one hand, demands for the immediate unification of Ireland that are now being made loudly and persistently by nationalists and republicans are considered too precipitous. The two economies on the island are not yet ready for Irish unity. On the other hand, the book argues the case for a radical reorientation of the Northern Ireland economy through the incremental creation of an all-Ireland economy. The book cuts through the rhetoric that characterizes so much discussion about the Northern Ireland economy and provides a hard-headed appraisal of not only its structure and performance, but also the economic feasibility of Irish unity.

An example introductory textbook on the politics of Third World Countries, this book draws on examples from Latin America, Africa and Asia to analyse their role in the global political economy.

Originally published in 1985. This volume on household energy conditions considers the energy crisis in the United States and offers an important appraisal of the future of energy consumption by families and the family's adaptations to decreasing energy availability. The chapters in the first section investigate the cultural dimensions of energy use at the household level, looking at attitudes and trends. The second section considers energy policy, especially conservation, with a special chapter on elderly households, while the third presents case studies and projections of the future patterns and changes in energy consumption. This is a fascinating snapshot of thinking on families and the effects of energy use.

This handbook provides a unique opportunity to bring together several different strings of debates, especially useful to the growing focus on responsibility which increasingly demands interdisciplinary approaches. It focuses on practices and normativity in ways that are often overlooked by a focus on accountability. It highlights the contested meaning of responsibility. In addition to its academic purpose, it may also prove of interest to policy-makers, think tanks, policy research institutes.

Is there an alternative to EU membership? What if Britain left the EU? Would it be disastrous or liberating experience? What trade relationships could the UK forge outside the EU? How would economic and social policy be different? What are the implications for sovereignty and democracy? This text seeks to answer these questions through exploring the future options for Britain regarding its relationship with the European Union (EU). To the British establishment it seemed obvious that joining the process towards greater European integration would reverse the UK's post-war declining political influence and accelerate its rate of economic growth. Consequently, a recurrent theme is that UK participation in ever closer European integration is widely perceived as 'inevitable'. In contrast, this book both addresses and challenges this presumption by illustrating that a variety of alternative forms of relationship are feasible, together with outlining possible policy options that may compliment and enhance the consequences arising from the fundamental decision of how the UK determines its future.

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.

An Economist Book of the Year A Financial Times Book of the Year A Foreign Affairs Best Book of the Year A Prospect Best Book of the Year A ProMarket Book of the Year An Omidyar Network "8 Storytellers Informing How We've been Reimagining Capitalism" Selection "Brilliant...Poses all the important questions about our future." -Gordon Brown "A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured." -The Economist We are all capitalists now. For the first time in human history, the world is dominated by one economic system. At some level capitalism has triumphed because it works: it delivers prosperity and gratifies our desire for autonomy. But this comes at a moral price, pushing us to treat material success as the ultimate goal, and offers no guarantee of stability. While Western liberal capitalism creaks under the strains of inequality and excess, some are flaunting the virtues of political capitalism, exemplified by China, which may be more efficient, but is also vulnerable to corruption and social unrest. One of the outstanding economists of his generation, Branko Milanovic mines the data to tell his ambitious and compelling story. Capitalism gets a lot wrong, he argues, but also much right-and it isn't going away anytime soon. Our task is to improve it in the hopes that a more equitable capitalism can take hold. "Erudite, illuminating...Engaging to read...As a virtuoso economist, Milanovic is superb when he is compiling and assessing data." -Robert Kuttner, New York Review of Books "Leaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching." -Edward Luce, Financial Times