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Books > Business & Economics > Economics > International economics > International trade
Americans have contradictory beliefs about how international trade
affects the country as whole and specific communities. Yet
notwithstanding the heat of political rhetoric, these beliefs are
rarely mobilized into political action. Alexandra Guisinger
examines this apparent disconnect by examining the bases of
Americans' trade preferences in today's post-industrial economy and
why do so few politicians attempt to take advantage of these
preferences. The changing American economy has made the direct
effects of trade less obvious, making the benefits and costs more
difficult to determine. In addition, information sources, including
the media, have changed in content and influence over time, their
influence varies across different groups of individuals, and partly
as a result individuals hold countervailing beliefs about the
effect of trade on their own and others' economic outcomes.
American Opinion on Trade provides a multi-method examination of
the sources of attitudes, drawing on survey data and experimental
surveys; it also traces how trade issues become intertwined with
attitudes toward redistribution as well as gender and race.
Introduction to International Trade Finance covers the complete
cycle of international trade and explains the roles of the
specialist operators.
Introduction to International Trade Finance aims to:
*Guide the reader through every phase of typical trade
transactions, examining in detail the relationships between the
various parties involved and explaining the facilities
employed.
*Demonstrate the range of banking instruments and techniques
available to exporters and importers which enable them to enter
into contracts, confident that whichever method of settlement they
agree upon can be provided with the minimum of risk.
*Provide a firm understanding of when to apply a particular form of
finance, what risks are involved and how they can be
counteracted
Now updated to include the UCP600.
*Inspired from the basic entry level training courses that have
been developed by major international banks worldwide.
*Will enable MSc Finance students, MBA students and those already
in the finance profession to gain an understanding of the basic
information and principles underlying the topic under
discussion
*Questions with answers, study topics, practical "real world"
examples and text with an extensive bibliography and references
ensure learning outcomes can be immediately applied
Now updated to include the UCP600.
Principles of International Economic Law provides a comprehensive
overview of the central topics in international economic law, with
an emphasis on the interplay between the different economic and
political interests on both the international and domestic levels.
Following recent tendencies, the book sets the classic topics of
international economic law, like WTO law, investment protection,
commercial law and monetary law in context with aspects of human
rights, environmental protection and the legitimate claims of
developing countries. The book draws a concise picture of the
architecture of international economic law with all its
complexities, without getting lost in fragmented details. Providing
a perfect introductory text to the field of international economic
law, the book thoroughly analyses legal developments within their
wider political, economic, or social context. Topics covered range
from codes of conduct for multinational enterprises, to the human
rights implications of the exploitation of natural resources. The
book demonstrates the economic foundations and economic
implications of legal frameworks. It puts into profile the often
complex relationship between, on the one hand, international
standards on liberalization and economic rationality and, on the
other, state sovereignty and national preferences. It describes the
new forms of economic cooperation which have developed in recent
decades, such as the growing number of transnational companies in
the private sector, and forms of cooperation between states such as
the G8 or G20. This fully updated second edition covers new aspects
and developments including the growing importance of corporate
social responsibility, mega-regional-agreements like CETA, TTIP,
and TPP, trade and investment related aspects of human rights law.
Trading in oil futures and options is an introduction to price risk
management in the worldwide oil industry. With numerous practical
examples, it requires no prior knowledge and should be read by
everyone involved in the industry.
Although aimed primarily at those new to risk management it will
also provide a useful theoretical background to more experienced
managers and it will show those in other markets how the oil
industry uses futures and other derivatives.
This book concentrates on all the risk management tools available
to everyone from crude oil producer to refined product consumer and
explains the theory of futures, exchange options and over the
counter trading.
This book provides a basic guide to the iron and steel industry in
a single convenient reference source. The origins of steel and its
manufacture are explained first, with a basic outline of the
principal steel grades. The author then goes on to look at
production and consumption and its commercial significance. He also
analyses the global trade in steel and shows its importance to the
metals industry as alloying elements and coatings. The final
section considers the future for steel, the changing trade
patterns, environmental issues and the threat of substitutes to the
industry.
In its first seven years, the North American Free Trade Agreement
(NAFTA) tripled trade and quintupled foreign investment among the
U.S., Mexico, and Canada, increasing its share of the world
economy. In 2001, however, North America peaked. Trade slowed among
the three, manufacturing jobs shrunk, and illegal migration and
drug-related violence soared. Europe caught up, and China leaped
ahead. In The North American Idea , eminent scholar and
policy-maker Robert A. Pastor explains that NAFTA's mandate was too
limited to address the new North American agenda. Instead of
offering bold initiatives like a customs union to expand trade, the
three leaders thought small. Interest groups stalemated the small
ideas as they inhibited the bolder proposals, and the governments
accomplished almost nothing. To overcome this resistance and
re-invigorate the continent, the leaders need to start with an idea
based on a principle of interdependence. If one country fails, all
three are harmed, and if one grows, they all benefit. Drawing on
first-hand experience as a policy-maker and analyst, Pastor shows
how this idea-once woven into the national consciousness of the
three countries-could mobilize public support for continental
solutions to problems that have confounded each nation working on
its own. To stimulate trade and reduce illegal migration, for
example, the three countries could set up a fund to invest in the
continent's infrastructure. Such a fund would be impossible without
leadership and an idea of the continent's current importance and
its future promise. Providing essential historical context and
challenging readers to view the continent in a new way, Robert
Pastor offers an expansive vision and a detailed blueprint for a
more integrated, dynamic, and equitable North America.
The third edition of EU Customs Law provides a fully updated
treatment of legislation, new treaties and cases in the two courts
of the EU especially but also in Member States. This volume also
includes commentary on the Union Customs Code and secondary
legislation, and increased coverage of areas such as the wider role
of customs authorities apart from the collection of customs duty,
such as security of goods and post 9/11 developments generally, the
history of customs unions and their implications for governments,
non-EU customs unions to which EU law is relevant, and the
inter-relation between customs duty and direct tax.
In Power and Regionalism in Latin America: The Politics of
MERCOSUR, Laura Gomez-Mera examines the erratic patterns of
regional economic cooperation in the Southern Common Market
(MERCOSUR), a political-economic agreement among Argentina, Brazil,
Paraguay, Uruguay, and, recently, Venezuela that comprises the
world's fourth-largest regional trade bloc. Despite a promising
start in the early 1990s, MERCOSUR has had a tumultuous and
conflict-ridden history. Yet it has survived, expanding in
membership and institutional scope. What explains its survival,
given a seemingly contradictory mix of conflict and cooperation?
Through detailed empirical analyses of several key trade disputes
between the bloc's two main partners, Argentina and Brazil,
Gomez-Mera proposes an explanation that emphasizes the tension
between and interplay of two sets of factors: power asymmetries
within and beyond the region, and domestic-level politics. Member
states share a common interest in preserving MERCOSUR as a vehicle
for increasing the region's leverage in external negotiations.
Gomez-Mera argues that while external vulnerability and overlapping
power asymmetries have provided strong and consistent incentives
for regional cooperation in the Southern Cone, the impact of these
systemic forces on regional outcomes also has been crucially
mediated by domestic political dynamics in the bloc's two main
partners, Argentina and Brazil. Contrary to conventional wisdom,
however, the unequal distribution of power within the bloc has had
a positive effect on the sustainability of cooperation. Despite
Brazil's reluctance to adopt a more active leadership role in the
process of integration, its offensive strategic interests in the
region have contributed to the durability of institutionalized
collaboration. However, as Gomez-Mera demonstrates, the tension
between Brazil's global and regional power aspirations has also
added significantly to the bloc's ineffectiveness.
The main objective of this book is to offer an overview and a
critical assessment of current connectivity issues in Asia and
Europe, seen from an industrial perspective. Critical insights into
the contemporary debate on connectivity during times of crisis,
which has led to significant economic and social disruptions, are
offered throughout the book. European and Asian countries seek to
"bounce forward" and not "bounce back" as they navigate the complex
economic recovery process. Innovation and investment emerge as
critical players to help an economic recovery that shifts towards a
more resilient and environmentally friendly approach, to ensure
that the world economies stay connected. The global health crisis
has revealed that, more than ever before, ubiquitous connectivity,
underpinned by pioneering innovation, is a must. As such,
governments worldwide need to ensure that businesses and societies
emerge stronger and more resilient from existing and emerging
crises by laying solid foundations that help to circumnavigate
future disruptions of a global magnitude.
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.
Worldwide supplies of sugar and cotton were impacted dramatically
as the U.S. Civil War dragged on. New areas of production entered
these lucrative markets, particularly in the South Pacific, and
plantation agriculture grew substantially in disparate areas such
as Australia, Fiji, and Hawaii. The increase in production required
an increase in labor; in the rush to fill the vacuum, freebooters
and other unsavory characters began a slave trade in Melanesians
and Polynesians that continued into the twentieth century. ""The
White Pacific"" ranges over the broad expanse of Oceania to
reconstruct the history of ""blackbirding"" (slave trading) in the
region. It examines the role of U.S. citizens (many of them
ex-slaveholders and ex-confederates) in the trade and its roots in
Civil War dislocations. What unfolds is a dramatic tale of unfree
labor, conflicts between formal and informal empire, white
supremacy, threats to sovereignty in Hawaii, the origins of a White
Australian policy, and the rise of Japan as a Pacific power and
putative protector. It also pieces together a wonderfully
suggestive history of the African American presence in the Pacific.
Based on deft archival research in Australia, New Zealand, Fiji,
Hawaii, the United States, and Great Britain, ""The White Pacific""
uncovers a heretofore hidden story of race, labor, war, and
intrigue that contributes significantly to the emerging
intersectional histories of race and ethnicity.
The 1970s are of particular relevance for understanding the
socio-economic changes still shaping Western societies today. The
collapse of traditional manufacturing industries like coal and
steel, shipbuilding, and printing, as well as the rise of the
service sector, contributed to a notable sense of decline and
radical transformation. Building on the seminal work of Lutz
Raphael and Anselm Doering-Manteuffel, Nach dem Boom, which
identified a "social transformation of revolutionary quality" that
ushered in "digital financial capitalism," this volume features a
series of essays that reconsider the idea of a structural break in
the 1970s. Contributors draw on case studies from France, the
Netherlands, the UK, the US, and Germany to examine the validity of
the "after the boom" hypothesis. Since the Boom attempts to bridge
the gap between the English and highly productive German debates on
the 1970s.
The COVID-19 pandemic has adversely affected global trade. While
factories have stopped production worldwide due to COVID-19, global
trade has also been adversely affected by the pandemic. The
international trade of the world's top exporting countries has
begun to decline. Although it is too early to judge the impact of
the pandemic on world trade, as the virus has not yet been
eradicated, research into the cause-effect relationship between
these two phenomena is necessary to understand the magnitude of its
impact as well as possible solutions to the problem. The
Transformation of Global Trade in a New World provides relevant
theoretical frameworks and the latest findings in the field of
international business and internationalization. It addresses the
asymmetric impact of the COVID-19 pandemic on international trade
and the methods of entry into foreign markets together with the
future prospects of global trade in an era of globalization.
Covering topics such as economic crisis, green finance, and labor
force sustainability, this premier reference source is an excellent
resource for business leaders and executives, economists, logistics
professionals, sociologists, students and faculty of higher
education, librarians, researchers, and academicians.
Due to the Covid-19 global pandemic, Australia and South Asian
Countries have experienced significant disruption in international
trade, investment, travel for business and higher education,
tourism, and supply chains. It is important to reflect and address
some of the key issues and challenges faced by Australia in this
sector and analyze potential recovery strategies for the future.
Inevitably, in the coming decade, Australia will need to pursue its
interests in a more competitive and contested world. This pandemic
has witnessed an intensified trade war of Australia with its
strongest bilateral trade partner China, threatening an increasing
number of industries in Australia such as agribusiness, forestry,
and mining. A nearsighted solution to this problem does not seem
feasible, given the recent diplomatic fallout between the two
nations. Australia thereby needs an alternative strategic bilateral
coalition to combat this situation and progress towards a
sustainable economic goal. Based on the above scenario, the core
objective of this book is to suggest and explore that South-Asian
nations could be the prominent focal point for Australia to move
forward, as it is a large market with population nearing two
billion. This book will provide an overview of the Australian trade
and investment relationship with South Asian Countries, identify
trends and developments of the bilateral trade relationship of
Australia with South Asian countries (in strategic areas of trade,
travel, investment, and education), and will shed light on the
future opportunities for development and partnerships for economic
growth, trade in goods and services and tourism between Australia
and South Asia. It will also display how Australia can play a
leading role amongst the SAARC countries (Afghanistan, Bhutan,
Bangladesh, India, Maldives, Nepal, Pakistan, and Sri Lanka) to
cooperate for their individual national economic development and
growth objectives and be best prepared to meet the United Nations
Sustainable Development Goals (SDGs) for the future.
As the ice around the Arctic landmass recedes, the territory is
becoming a flashpoint in world affairs. New trade routes, cutting
thousands of miles off journeys, are available, and the Arctic is
thought to be home to enormous gas and oil reserves. The
territorial lines are new and hazy. This book looks at how Russia
deals with the outside world vis a vis the Arctic. Given Russia's
recent bold foreign policy interventions, these are crucial issues
and the realpolitik practiced by the Russian state is essential for
understanding the Arctic's future.Here, Geir Honneland brings
together decades of cutting-edge research - investigating the
political contexts and international tensions surrounding Russia's
actions. Honneland looks specifically at 'region-building' and
environmental politics of fishing and climate change, on nuclear
safety and nature preservation, and also analyses the diplomatic
relations surrounding clashes with Norway and Canada, as well as at
the governance of the Barents Sea. The Politics of the Arctic is a
crucial addition to our understanding of contemporary International
Relations concerning the Polar North.
International trade in the 21st century is characterized by the
emergence and development of Global Value Chains. With the reform
and opening-up deepening, China has become an important participant
and practitioner of global value chains, a staunch supporter and
defender of the multilateral trading system, and a contributor to
and beneficiary of economic globalization. This book provides an
insightful analysis of the pathways for China to upgrade in global
value chains based on the country's opening strategy from the
perspectives of tariff, trade facilitation, foreign direct
investment, outward direct investment, opening-up of the service
industry, and servitization in the manufacturing industry. It also
offers best practices for theoretical and empirical studies in
global value chains with sophisticated and widely-used econometric
methods.
Though globalization has removed commercial walls between countries
and implemented new international trade policies, trade barriers
still exist. Due to the various political barriers surrounding
other countries, the future of world trade has become uncertain.
Understanding these barriers and their implications is imperative
to implementing successful foreign trade policies. International
Trade Policies in the Era of Globalization provides relevant
theoretical frameworks and the latest empirical research findings
on international trade and improves the understanding of the
strategic role of trade policies and their importance in the global
economy. The content within this publication contains reports on
global trade, trade wars, and foreign policy. This research is
designed for policymakers, government officials, economists,
business professionals, researchers, and international business
students.
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