The Korea-Singapore Free Trade Agreement (KSFTA) is Korea's first comprehensive FTA involving any ASEAN member country and provides a framework for building a strong strategic and economic partnership between Korea and the ASEAN countries. It is therefore designed to be a building block in the process of community building efforts towards an East Asian Community in the long run as well as towards global free trade. This book analyses and documents the rationale behind the agreement and its impact on the economies of Korea and Singapore, underpinning the growing economic linkages between the two countries that have become stronger since the enforcement of the agreement.

With a new introduction on the Ukraine crisis LONGLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR 2022 A TIMES AND SUNDAY TIMES BUSINESS BOOK OF THE YEAR 2022 A DAILY MAIL BEST CURRENT AFFAIRS BOOK OF 2022 A DAILY MIRROR BEST NON-FICTION BOOK OF 2022 A SPECTATOR BOOK OF THE YEAR 2022 PRESENTER OF THE BBC RADIO 4 SERIES 'HOW TO STEAL A TRILLION' A WATERSTONES BEST POLITICS BOOK OF THE YEAR 2022 AN IRISH TIMES NON-FICTION BOOK OF THE YEAR 2022 How did Britain become the servant of the world's most powerful and corrupt men? From accepting multi-million pound tips from Russian oligarchs, to the offshore tax havens, meet Butler Britain... In his Sunday Times-bestselling expose, Oliver Bullough reveals how the UK took up its position at the elbow of the worst people on Earth: the oligarchs, kleptocrats and gangsters. Though the UK prides itself on values of fair play and the rule of law, few countries do more to frustrate global anti-corruption efforts. From the murky origins of tax havens and gambling centres in the British Virgin Islands and Gibraltar to the influence of oligarchs in the British establishment, Butler to the World is the story of how we became a nation of Jeeveses - and how it doesn't have to be this way.

Corden has written a charming and insightful account of his professional and personal life, from his childhood in Breslau, Germany, until his retirement in Melbourne. The book is divided into two parts. Part I considers Corden's early life, from a young boy growing up in Nazi Germany, to his immigration from England to Australia and what that means for the author's self-identity. Part II addresses Corden's work on the Australian Protection Policy for which he is perhaps best known, before reflecting upon the author's time at Oxford University and the Australian National University, and, finally, moving on to review contributions made at the IMF, Johns Hopkins University, and The World Bank. This book will be of interest to all aspiring economists, as well as established economists familiar with Corden's work. It is an inspiring and profound record of the intellectual journey made by one of Australia's best known economists.

The basic functions of banking--lending, deposit taking, and making payments--are constant. What changes are the forms banking takes in response to increases in competition, globalizaion, new laws, and emerging technologies. Among the most visible of these changes will be an increase in the consolidation and globalization of banking in the world's major trading countries. Now, prestigious academics and practitioners, including regulators from around the world, join Benton E. Gup in exploring these coming changes--and by doing so, define a global perspective on banking's future. They find that the consolidation of banking will persist on a global scale. Electronic banking in all its forms will increase in importance, and banking in mature economies will be even more different from what it is now in developing economies. While focusing on the financial system in the United States, Gup's panel of contributors also explores financial systems in Europe, Asia, and elsewhere. Like Gup, they predict that a small handful of very large banks will control a disproportionate share of bank assets. Their views provide an unusual survey of current thinking in the domains of banking and finance, and an important source of current information, background, and foresights for banking and finance practitioners, students, and academics.

Asia has one of the most dynamic and fastest developing economies in the world. This study assesses the current state of economic integration in Asia - in particular in East and South East Asia- and analyzes the prerequisites for a sustainable path of economic integration, using the background of the EU experience as a benchmark. The crucial notion of 'sustainable economic integration' is explored under the prism of the EU-Asia economic and business relationship. The book offers an integrated approach to the concept of economic integration by linking it to that of sustainability.In the first introductory part, the idea of 'sustainable economic integration' is clarified, and examined using a political economy perspective. The second part of the book includes a number of chapters relating to specific case studies epitomizing the current state of integration in Asia; because of its role and of its size, China features quite prominently in this part.Economic Integration in Asia provides a critical overview of economic integration in Asia, and makes indispensable reading for researchers and students of Asia and development economics, and in particle to those interested in the economy of China.

At the beginning of the 21st century, in Japan and most of the continental European economies, we can observe a shift from what has been labelled a "corporatist" system to more market-oriented structures. Regulatory competition caused by the globalization of markets is increasingly placing the traditional legal institutions of these jurisdictions under severe strain. This is especially true for the services markets. Of these, the markets for financial services and telecommunications services have to adapt most urgently. These adaptations are already underway to varying extents and degrees, made possible by a mixture of de-regulation and re-regulation. In this volume, scholars from Germany, Austria, Switzerland, and Japan as well as practitioners from various institutions lay out the theoretical foundations and means for these developments. Through critical analysis, the various contributions show what has been reached so far in Europe and Japan and what remains to be achieved in the future.

This account of monetary regimes since 1900 shows how the role of policy has changed, and how this has related to experience of inflation and the real economy, as well as to changes in political philosophies. The narrative concentrates on developments in America, Europe and Japan from the era of the classical gold standard, via the era of policy intervention and reduced faith in the market to the present "neo-liberal" regimes. It is argued that no school of macroeconomics is right for all time; different theoretical models may be appropriate.

In a world in transition and an era of transformation, Mahtaney calls for reflection and an analysis of a wide canvas of global economic experience. Her new work initiates a thorough review of the strategies and policies that have been pursued over the past two decades. The economic meltdown compelled the beginning of the next phase of globalization and she contends that the future will see an increase in globalization. As crucial questions arise about the direction in which globalization is headed and the sustainability of economic growth and reform, the fundamental objective of this exciting work is to elucidate crucial insights about the next phase of development in the world economy.

Based on extensive field work involving the leading figures of the diverse Syrian National Coalition, an umbrella initiative of opposition groups fighting against the Assad regime, this study critically evaluates the challenges ahead as well as the inherent opportunities for the post-conflict era in Syria.

Today, by many accounts, China is the world's foremost purveyor of foreign aid and foreign investment to developing countries. This is the product of China's miracle economic growth over a period of more than three decades, together with China's drive to become a major player in world affairs and accomplish this through economic rather than military means. This three-volume work is the first comprehensive study of China's aid and investment strategy to trace how it has evolved since Beijing launched its foreign aid diplomacy at the time of the founding of the People's Republic of China in 1949. Volume I examines the definitions, origins, nature, and scope of foreign aid and investment by other countries. Using that background, John F. Copper then traces China's financial assistance to developing countries from the Mao period - when China gave meaningful foreign aid despite its own economic struggles - through the beginning of China's post-1978 economic boom and during subsequent decades of rapid economic growth. Copper shows that China has a more salient history in giving foreign assistance than any other country in the world; while China's objectives in giving foreign assistance have changed markedly over time, China has always been driven by efforts to realize its foreign policy objectives and expand China's external influence.

Trade liberalization policies have changed the assumptions of economic theory because they have changed the core definition of its concepts-imports and exports. When most trade is done in components rather than finished goods, how do we assign nationaility to value added during the production process? Anguelov analyzes foreign direct investment (FDI) as the core tool behind the internationalization of the production function. He tracks the changing nature of incentives in location and diversification of multinational corporations (MNCs), as well as the role governements have in the creation and implementation of trade policies that impact MNC investments.

This innovative book offers help to managers and firms as they deal with cross-cultural issues in their operations. As newly independent nations offer new market opportunities for international firms, cross-cultural issues are presenting new competitive problems. Increasingly, both new and experienced firms are encountering difficulties and often committing costly blunders as they attempt to deal with the cultural issues. In an insightful text that is both theoretical and practical, the author offers an interesting staffing and structural alternative to help firms regain and maintain their competitive edge.

An in-depth look at the cultural environment of the emerging global economy provides insight into the cultural-issue problems facing all businesses. While the problems are crucial for internationally operating business firms, domestically operating firms are also beginning to encounter critical cross-cultural problems. Maddox notes a number of costly blunders made by firms and analyzes the different reasons for these blunders. The critical role of the cultural integration function in organizations in dealing with these problems is explored, along with the inadequacy of continuing or merely increasing past efforts. A new organizational structure response is proposed as an alternative to the old way of dealing with the problem.

This book examines the controversial issue of securitization in a global, historical context. It traces its origins and compares evidence of securitization across countries, linking differences to variations in legal, political, and cultural regimes. By incorporating the history and current status of securitization (including sources of value and risk) with alternative markets and future outlooks for the global market, Buchanan provides an overall assessment of the costs, benefits, and sustainability of securitization in the global economy, particularly in the aftermath of the 2007-2009 financial crisis. The book also offers a roadmap for future research. As financial regulators around the world plan a sweeping overhaul of securitization markets with tough new rules designed to restore market confidence, it is essential to consider the global outlook for securitization.

Since its accession to the World Trade Organisation (WTO) in December 2001, China has been committed to full compliance with the Trade-Related Intellectual Property Rights (TRIPS) Agreement. This text considers the development of intellectual property in China, and offers an interdisciplinary analysis of China's compliance with the TRIPS Agreement using theories originating in international relations and law. It notes that despite significant efforts to amend China's substantive IP laws to prepare for WTO accession and sweeping changes to domestic legislation, a significant gap existed between the laws on paper and as enforced in practice, and that infringements to the agreement are still prevalent. The book examines how compliance with international rules can be promoted and encouraged in a specific jurisdiction. Making a case for a wider, more interdisciplinary and global outlook, it contends that compliance needs to align with the national interests of relevant countries and jurisdictions, as governments' economic interests support the greater enforcement of the IP laws.

This book is divided up into three sections. The first deals with the problem of the World economy and the most important issues affecting the World economy. The second analyses problem mainly affecting the developed countries. The third analyses the issues in the developing countries particularly in the BRIC countries.

In a rapidly globalizing world, commercial relations and regional trade integrations between countries have improved. Analyzing trade relations both inside and outside countries allows for economic improvement. Globalization and Trade Integration in Developing Countries provides emerging research on the difficulties and challenges developing countries face in world trade as well as their performance. While highlighting topics such as economic growth, foreign trade policy, and trade competitiveness, this publication explores the trade integrations and commercial trends in advancing countries. This book is a vital resource for policy makers, government agencies, businesses, academicians, researchers, and students seeking current research on the advantages and techniques of improved international markets and trade.

This book contributes to the debate on the decoupling of emerging economies from the advanced economies with a new, empirical investigation approach. Taking counterfactual experiments performed using a time-varying panel VAR model, the author argues that over the last thirty years, emerging economies have become less vulnerable to shocks spreading from advanced economies. This resilience to external shocks has changed in a non-progressive manner over time, with phases of greater resilience followed by others of lower resilience and vice versa. This research outlines its wave-like path and presents new results that contribute to the discussion.

As the first international convention focused on stimulating trade through policy actions, the International Symposium on Trade Promotion and Assistance sought to present a comprehensive treatment of the role of the public sector in trade promotion. The papers presented at the conference have been collected in this book, and they review trade promotion activities at the international, state, and local levels. They also address the roles of private-sector institutions such as universities, trade centers, and trade associations in providing information and assistance to those companies interested in exporting. The book presents the invaluable experience and advice of experts who discuss obstacles firms face in exporting efforts and suggest how to achieve higher awareness levels, how to best assist firms in getting into the market, and how to make experienced exporters more successful.

Divided into four parts, this collection features eighteen selections that address various aspects of trade promotion and assistance. The five chapters that make up Part I focus on state and federal programs in trade promotion. Part II, which contains seven chapters, looks at trade promotion programs in such countries as England, Norway, Australia, and China. Part III presents four readings on university and private initiatives in stimulating partnerships for export promotion, and Part IV features three chapters of empirical research findings on exporting with implications for public policy. A conclusion and index are also included, as well as a number of tables and figures. This book will be an important reference for companies involved in international business and sales, for business and marketing courses, and for public and academic libraries.

This book investigates the less-explored dimensions of how industries in different Indian subnational spaces or states have responded to the growing phenomenon of internationalization. What factors have influenced firms participating in global business? Have state (both central and provincial) policies acted as catalyst for local firms? Not only does this study delve into these issues; it also painstakingly develops a comprehensive database that remains unique in the absence of reliable official statistics on this subject to date. Efforts have been made to establish a reasonably consistent dataset for the period 1990-2008 derived from the CMIE-PROWESS database. Care has been taken to condense the data and classify it by sector, location, size and ownership. The study delineates export patterns by firm and state and explores factors influencing export decisions according to sector, size and location. A further interesting aspect is the book's critical examination of industrial and trade promotion policies at the state/regional level that might have contributed to or hindered exporting by firms. The states considered for detailed policy discussions are highly diverse and include Gujarat, Odisha and Karnataka. To address the glaring absence of literature on the role of subnational factors in enterprises' export performance, a preliminary state-by-state analysis of the spatial determinants of firms' export activities is also provided.

What impact do international economic inputs have on human rights in Third World nations? William Meyer explores the effects of direct investment by U.S. multinational corporations, economic and military aid, and MNC manufacturing plants. He examines the international political economy of human rights at both the national and the international levels. Case studies are combined with quantitative studies that use aggregate cross-national data, and theories that link MNCs to human rights are subjected to empirical testing. As Meyer illustrates, at the national level, human rights violations are associated with U.S. MNCs in Chile, Honduras, India, Indonesia, and Mexico. MNCs have been especially guilty of violating labor rights, particularly through their reliance on sweatshops. MNCs have also been responsible for widespread pollution and environmental degradation. At a broader international level, increased investment by MNCs tends to go along with human rights improvements in the Third World as a whole. Meyer shows that there is a broad positive relationship between direct investment by MNCs and broader political rights and improved living standards. Aggregate data are also analyzed for human rights as compared to U.S. economic and military aid. Economic aid is found to be associated with improved civil-political rights and improved socioeconomic rights. Military aid, by contrast, is associated with declining levels of civil rights and with lower levels of social welfare. This book will serve as an important study for researchers, activists, and students of human rights.

The rise of emerging or new powers has recently become one of the most researched areas in International Relations. While most studies focus on relations between traditional and emerging powers, this edited collection turns the focus 180 degrees and asks how countries outside these two power sets have reacted to the emerging new world order. Are emerging powers creating a united front in a struggle to change the global order, or are they more concerned with national interests? Are we seeing major changes in the global order, or simply an adjustment by the traditional powers to the emergence of new contenders? In order to the answer these questions, the authors take a broad thematic approach in analyzing recent trends in the interplay between states, markets and societies, concentrating in particular on Latin America, Africa, the Middle East and Europe, and on the three major emerging powers: China, India and Brazil.

This volume brings together a distinguished group of contributors from European universities and research institutes as well as U.S. finance and economic institutes to examine a broad range of issues related to the current and future roles of international and European monetary systems. Among the topics covered are the relationship of each system to the U.S. dollar and its fluctuations vis-a-vis the Japanese Yen and German Deutschmark; the effect of fiscal policies on monetary systems; the role of the European currency unit; exchange rate management and international coordination; the theory behind, and policy implications of, over- and undervalued currencies; and the prospects for future currency unification and currency competition. Students of international finance and trade, international economics, and monetary theory will find this an important contribution to debates over international monetary policy.

Divided into two major sections, which address the international and European systems respectively, the book begins with three chapters that examine the exchange rate system of a managed float with respect to the dollar. The fundamental question addressed by the authors is whether this system, which has predominated in the last decade, has contributed to increasingly unstable real exchange rates. The following two chapters examine the role of the IMF's special drawing right and the appropriate exchange rate regime for developing countries. The remaining chapters focus on the European Monetary System, and explore such issues as the convergence of monetary and fiscal policies within the European Monetary System and the role of the private European Currency Unit. A bibliography is included for those who wish to pursue further research on these topics.

Its high-level perspective on the global economy differentiates this introduction to international finance from other textbooks. Melvin and Norrbin provide essential information for those who seek employment in multinational industries, while competitors focus onstandard economic tools and financial management skills. Readers learn how to reach their own conclusions about trends and new developments, not simply function within an organization. The 8th edition, newly updated and expanded, offers concise descriptions, current case studies, andnew pedagogical materials to help readers make sense of global finance.
Introduces international finance to readers with diverse backgrounds who want jobs in international investment, international banking, and multinational corporations Describes a nuanced view of international finance by drawing on material from the fields of theoretical finance and international macro-financeFeatures 100% revised chapters, new pedagogical content, and online supplementary materials "