Intra-regional trade has been rising rapidly, especially after China's accession to the WTO in 2001. China's economy is expanding rapidly, and has already passed Japan in 2010 to become the world's second largest economy. It is clearly producing a huge impact on the world economy, and particularly on ASEAN countries. This is the appropriate time to take stock: what has APEC achieved so far? How is China's rapid growth shaping the course of economic integration and cooperation in the region? What is the future of APEC? This book is based on papers presented by scholars with expertise in the Asia Pacific region at a conference on "APEC at 20 and the Rise of China" organized by the APEC Centre of Lingnan University on 26 27 February 2010, and includes additional invited papers.

This Overview is an invaluable summary of the capstone volume Investing in Development, which brings together the core recommendations of the UN Millennium Project, commissioned by UN Director-General Kofi Annan and directed by Jeffrey D. Sachs, one of world's leading economists. The Overview provides a user friendly introduction to the main volume, which is the official action plan for ending poverty, providing practical investment strategies and approaches to financing them and an operational framework that will allow even the poorest countries to achieve the MDGs within ten years.

This book analyses one of the most controversial areas in the political economy of international trade, namely the issues surrounding the creation of new ?trade rules?. Various concerns are addressed, including the environment, labour standards, intellectual property rights, trade facilitation, competition policy, investment and government procurement, to many conventional trade topics including the trade and development linkage.
Nanda combines theoretical analysis with valuable insights derived from interactions with trade negotiators, politicians and activists, arguing for a dynamic policy framework, particularly in developing countries, with regular upgrading. He questions the effectiveness of the current global trade order in promoting development, highlighting not only the inability of conventional economics to capture the reality of international trade but also the neglect of some basic principles of economics. Nanda also argues that the WTO is not the right forum for addressing development issues because trade liberalization has traditionally been its objective.

This first of three volumes focuses on the evolution of Bengal's economy and society over the entire pre-colonial period beginning from pre-historic days. There is no documented, authentic history of Bengal. Indeed, more of the early history of India can be learned from the writings of other nationals. Yet even this material is very much related to chronologies of regimes and local to urban settlements and centres of trade. There remains little or no information on the villages where the vast majority lived and still live. Furthermore, until this work, little or no consideration has been given to the hugely influential period between Vasco de Gama's journey to India in 1498 and the battle of Palashi in 1757, a period in which the Mughal Empire held political power while the English, Dutch, French and Danes and other European nations grasped and held on to economic power. Much has been written on the Mughal Empire, but little of the role of the European trading companies in the two and a half centuries preceding Clive's victory. This book addresses that void and seeks also to explore the political, social and historical context in Bengal that facilitated the transfer of power into European hands. Given such a lack of source information, the author examines oral history, carried from generation to generation, recognizing their fallibility, but using those histories to corroborate what is known from other sources - from archaeological findings (coins, inscriptions, copper plates) through (invariably biased or localized) accounts from travellers, to economic, agricultural and ecological factors - relating them to known chronological events to provide a well-rounded history and, indeed, a study that uncovers the roots of the many issues in the colonial and post-colonial eras.

This book is the first wide-ranging guide to the key issues of intellectual property and ownership, genetics, biodiversity and food security. Proceeding from an introduction and overview of the issues, comprehensive chapters cover negotiations and instruments in the World Trade Organization, Convention on Biological Diversity, UN Food and Agriculture Organization, World Intellectual Property Organization, the International Union for the Protection of New Varieties of Plants and various other international bodies. The final part discusses the responses of civil society groups to the changing global rules, how these changes affect the direction of research and development, the nature of global negotiation processes and various alternative futures.Published with IDRC and QIAP.

This volume originated in a course of lectures which the author originally gave at the Universitu lnternationale de Sciences Comparues at Luxembourg. The book appeared under the title of the course, and followed the same pattern. In the course of revisions the analysis has been carried a little further than it was originally presented, and many details have been added to its algebraic parts. In spite of these amplifications, however, the text remains on the level of elementary economics, and may be recommended to students whose interest in the subject is ahead of their technical background.

Ozga provides an intelligible theoretical outline of the rate of exchange, the terms of trade, and the balance of trade that brings into focus the complementarity of various widely used models. Simple supply and demand relations are developed to establish a link between the classical and Keynesian approaches and between the partial and the general equilibrium methods; and the emphasis is always on clarifying the part that the relations considered in individual models would actually play in a more comprehensive system.

Requiring some familiarity with economic theory but no previous training in mathematics, this simple and concise volume is exceptionally well suited to courses on the macro-theory of international trade and is useful reading for all courses in macroeconomics.

Analyzing globalization and the increasing tension it has caused between the goals of free trade and environmental protection, International Trade and the Protection of the Environment provides a comprehensive and detailed legal analysis, both at the national and international level of what looks set to become the new legal order of the twenty-first Century.

This book as the questions does the treatment of 'measures tantamount to expropriation' have the capacity to lead to a 'regulatory chill' on environmental protection and what are the possibilities for claims before the UK courts that are based on alleged violations of international law?

The author offers:

• an informed and critical commentary on the continuing controversy on GMO products, in particular on the recent WTO award in the EC-Biotech dispute
• a comparison of the treatment of the expropriation under NAFTA and bilateral investment treaties with position under article one of the first protocol of the European convention on human rights
• an analysis of the human rights dimension to claims for environmental damage against multi-national corporations, focusing particularly on claims in the US under the Alien Trot Claims Act 1789.

Incisive and current, this text is a valuable tool for postgraduate law students studying international and commercial law.

There's no question, compared to the advanced economies China's economic growth rates have been spectacular, but in most instances the economic analysts tend to forget that a large part of China's growth has been dictated by government industrial subsidies. How did China go from a bit player overnight to the largest exporter in the world in capital-intensive industries? This book shows that government subsidies play a big part in China's success. Government subsidies include those to basic industries: energy (coal, electricity, natural gas and heavy oil), steel, glass, paper, auto parts, solar and more. A lot has been written about China's trade practices with the West, but none of this work addresses the real unsustainable dilemma. Much of the current literature discusses the problems but doesn't explain the root cause of China's lopsided trade practices with the West or explain in detail how China finances its government subsidies, with nothing written that explains that China's subsidized exports to the United States and European Union are basically self-funded by its enormous trade surplus with the West. A trade surplus represents a net inflow of domestic currency from foreign markets and is the opposite of a trade deficit, which would represent a net outflow. Moreover, this is the only book that describes China's current trade practices with the West as a zero sum game at the expense of the West. This book provides two solutions to this endless quagmire: an increase in Western exports to China so that China and the West have more of an equal trade balance, or a very steep reduction of China's exports to the West.

Reflecting Professor Holzman's important work, this book deals with major issues relating to both East-West and intra-bloc trade. Professor Holzman explores the transition in Soviet bloc economies over the past fifteen years from balanced hard-currency trade to large deficits with the West and the consequent development of a huge hard-currency debt. He compares the causes and treatments of deficits in planned economies with those in market economies and explores the dramatic differences in foreign trade behavior exhibited by Eastern and Western nations and the difficulties that arise when these conflicting systems interact in world markets. He also assesses the impact of Western economic warfare on the Soviet Union and makes recommendations for future U.S. trade policy. The author next turns to the issue of intra-bloc trade. In its early years the USSR economically exploited the smaller East European nations, but many argue that the Soviet Union now subsidizes trade with its partners in the Council for Mutual Economic Assistance in exchange for political, military, and ideological support-an argument that Professor Holzman strongly challenges. He also contends that CMEA, when viewed as a preferential trade group or customs union, has been markedly unsuccessful. On another level, Professor Holzman assesses the causes and possible cures for the serious, chronic problems related to currency inconvertibility, rigid bilateralism, and inability to use exchange rates as tools of economic adjustment. In an international economy growing ever more interdependent, the issues raised in these previously uncollected essays will continue to gain in importance as East and West meet in trade.

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.

Analyzing globalization and the increasing tension it has caused between the goals of free trade and environmental protection, International Trade and the Protection of the Environment provides a comprehensive and detailed legal analysis, both at the national and international level of what looks set to become the new legal order of the twenty-first Century.

This book as the questions does the treatment of 'measures tantamount to expropriation' have the capacity to lead to a 'regulatory chill' on environmental protection and what are the possibilities for claims before the UK courts that are based on alleged violations of international law?

The author offers:

• an informed and critical commentary on the continuing controversy on GMO products, in particular on the recent WTO award in the EC-Biotech dispute
• a comparison of the treatment of the expropriation under NAFTA and bilateral investment treaties with position under article one of the first protocol of the European convention on human rights
• an analysis of the human rights dimension to claims for environmental damage against multi-national corporations, focusing particularly on claims in the US under the Alien Trot Claims Act 1789.

Incisive and current, this text is a valuable tool for postgraduate law students studying international and commercial law.

As conflict and cooperation among states turn to an ever greater extent to economic issues, this fully updated and expanded second edition presents a comprehensive exploration of the legal foundations of the international economy. In it, Professor Andrews Lowenfeld examines the current status of the law, and explores the origins, political tensions and development of outcomes that are often difficult to comprehend.
The book covers all the major elements of economic law in the international arena including the World Trade Organization and its antecedents; dumping, subsidies, and other devices that alter the market; the International Monetary System, including the collapse of the Bretton Woods system; the debt of developing countries; the law of foreign direct investment, including changing perceptions of the rights of host states and multinational enterprises; and economic sanctions. The book also contains chapters on competition law, environmental law, and new chapters on intellectual property and the various forms of arbitration; demonstrating how these subjects fit into the framework of international economic law.
Professor Lowenfeld brings to his task a lifetime of practice and teaching experience to produce a book that will be of use to international lawyers and non-specialists alike.

Published in 1997, in this book an attempt has been made to analyze the legal structure of GATT and the WTO as well as those agreements which control trade in textiles. One of the GATT's major failures was its inability to come into line with the new economic reality and the needs of those states who created this system for controlling international trade. Trade in textiles was an excellent example of this. Now, the WTO aims to overcome this problem thanks to its greater pragmatism and its search for solutions to free trade difficulties. The WTO is not, however, the perfect solution. Its highly political character allows room for improvement even though the key to its success still lies with the effective cooperation of member states. As for the textile sector, this new panorama for trade in goods provides it with a new opportunity to finally return to the general legal framework in the year 2005.

This book provides an up-to-date critical analysis of the integration of environmental policies into US free trade agreements. The work focuses on the evolution of the design of environmental policies and analyzes their effectiveness. Starting with the North American Free Trade Agreement (NAFTA) leading to the Trans-Pacific Partnership (TPP), the book examines the history of policy integration. In doing so, it provides an overview of the major trade-related environmental policies and presents empirical research on their effectiveness, a discussion of the continued demand for policy integration in light of the effectiveness, and recommendations for addressing shortcomings. The main objective of the book is to inform the ongoing policy debate over integration of environmental policies into trade agreements. The current renegotiation of NAFTA provides an opportune time for undertaking this critical review of trade-related environmental policies. As our understanding and knowledge of the environmental policies associated with US trade agreements, in particular for NAFTA, has grown significantly over the past twenty-five years, this book provides a timely and critical update for this policy debate. Students and scholars of environmental law, trade and economics, and specifically US trade, environmental policy and law will find this book of great interest.

Published in 1997, this book traces the history of foreign investment policy in South Korea from 1961 until the present. It shows how Korea adopted a highly successful interventionist strategy towards foreign direct investment channeling it into areas of the economy where it could achieve the most benefit for the country's economic development. In recent years Korea has tried to adopt a more market driven approach. However, differences within various institutions within the public and private sector led to policy confusion and ineffectiveness in meeting policy goals. The conclusion reached is that moving from an interventionist strategy to a market orientated strategy is difficult in this policy area. The book breaks new ground because it shows that while the conventional wisdom is that a 'market economy' approach is beneficial, moving from an interventionist policy to a market-orientated one is problematic and cannot be accomplished quickly.

This book develops a new theoretical approach to understanding the role of leadership in trade negotiations. By examining in detail the key role of leadership in the GATT/WTO system, it offers new insights into trade bargaining from the inception of the GATT through to the current WTO Doha Round. David A. Deese makes use of an impressive range and amount of primary material on the GATT/WTO system from a variety of official sources. World Trade Politics will be recommended reading for upper level undergraduate as well as postgraduate and research students, and will be essential reading for scholars of the global trade system.

World Trade Organisation (WTO) trade remedies (antidumping, anti-subsidy and safeguard agreements) are instruments used by WTO members to counter the economic injury caused by dumping, subsidies and the sudden and unforeseen increased imports. They are exceptions to the WTO principle of free trade and to the prohibition for States to react unilaterally to protect their own rights and interests, and as a result they have been accused by some as being the new tools of protectionism. This book analyses of the role and principles of WTO trade remedies in international law. In particular, it focuses on their aims, their structure, and their position within the WTO and more in general, the international legal system. The book considers trade remedies in light of fragmentation theories of international law and addresses the question how, and to what extent WTO law reflects and influences public international law.

This first of three volumes focuses on the evolution of Bengal's economy and society over the entire pre-colonial period beginning from pre-historic days. There is no documented, authentic history of Bengal. Indeed, more of the early history of India can be learned from the writings of other nationals. Yet even this material is very much related to chronologies of regimes and local to urban settlements and centres of trade. There remains little or no information on the villages where the vast majority lived and still live. Furthermore, until this work, little or no consideration has been given to the hugely influential period between Vasco de Gama's journey to India in 1498 and the battle of Palashi in 1757, a period in which the Mughal Empire held political power while the English, Dutch, French and Danes and other European nations grasped and held on to economic power. Much has been written on the Mughal Empire, but little of the role of the European trading companies in the two and a half centuries preceding Clive's victory. This book addresses that void and seeks also to explore the political, social and historical context in Bengal that facilitated the transfer of power into European hands. Given such a lack of source information, the author examines oral history, carried from generation to generation, recognizing their fallibility, but using those histories to corroborate what is known from other sources - from archaeological findings (coins, inscriptions, copper plates) through (invariably biased or localized) accounts from travellers, to economic, agricultural and ecological factors - relating them to known chronological events to provide a well-rounded history and, indeed, a study that uncovers the roots of the many issues in the colonial and post-colonial eras.

First published in 1999. Firms in manufacturing industries are influenced by the market-oriented liberalization reform policies in many developing countries since the late eighties. However, studies applying appropriate methodology to appropriate data seldom analyze the impact of reforms on the performance of production units such as manufacturing firms. The central point of this book is to address this issue by comparing firms' achievement with 'best practice' performance before and after reforms. This form of analysis is not new but it emphasizes a new focus or realignment of thinking within neoclassical economics to develop an analytical framework. This book examines the productivity growth of Bangladesh manufacturing firms as component measures of changes in capacity realization and technical progress. The significant feature of this approach is that it allows for the inefficiency of firms, and thus productivity growth is estimated rather than taking it as a residual as is usually measured in the traditional growth accounting approach. High rates of technological progress, on the one hand, can co-exist with low rates of capacity realization. On the other hand, relatively low rates of technological progress can co-exist with an improving capacity realization. As a result specific policy actions are required to address the difference in the sources of variation in productivity. In this respect this book would provide invaluable insights for policy makers, development practitioners, academics and students of economics.

First published in 1998. This book makes an original contribution to our understanding of policy failures at the European and international level. On the basis of a comparative analysis the study shows how the co-ordination mechanisms available in the European Community and OECD have complicated the regulation of national policies on state aid to exporting industries. This failure can be explained in theoretical terms: international and supranational organisations are not neutral arbiters, but have interests of their own, interests which are not necessarily aligned with those of their member states. In detailed case studies of Britain, France and Germany the book examines how the preference structure of governments in the exercise of their promotion programmes contrasts with the policies enacted by international bureaucracies. Walzenbach's interdisciplinary approach specifies the conditions under which policy co-ordination can have detrimental effects and thus, usefully corrects the benign view held by most regime theorists about transaction-cost reducing and efficiency enhancing role of such arrangement.

First published in 1999. The key to successful regional development is more a personality issue than a global one, contends social economist Dr. James Cecora. With a fresh new interdisciplinary approach, Cecora tackles traditional economic theory to show that a distinct type of individual, the 'innovative entrepreneur', can do more to secure economic stability in a particular region than any multinational corporation. Arguing that global economics have spiraled out of control, Cecora builds a case for supporting and promoting the development of entrepreneurs at the local and regional level. These individuals will, he says, work at strengthening the regional economy over the long term because of their permanent attachment to a region, as well as in vested self-interest. Cecora compares the personalities of corporate managers to self-starting entrepreneurs, drawing the conclusion that the risk-taking ability of entrepreneurial types prompts more creative thinking and regionally appropriate action and solutions. This willingness to try new approaches is often a key to success.

Outcomes in major multilateral trade negotiations are conventionally explained as resulting from interests weighted by (trading) power. Offering a different overview of the concepts we use to talk about the international trade regime, this edited collection puts the ideational foundation of world trade politics centre stage, and critically examines the terms in which we make sense of world trade politics. The concepts used to make sense of world trade politics are often employed strategically, making some aspects of reality visible and others invisible. Reflecting upon ten key concepts from 'trade' itself to 'protectionism' and 'justice', this book poses two broad questions: first, how and by whom have the meanings of different terms used to describe, challenge and defend world trade politics been constructed? Second, how have the individual terms changed over time, and with what consequences? The editors and contributors draw on a broad range of theoretical approaches, from post-structuralism or cognitivism to normative theory, shedding new light on why certain trade issues and agendas win out over others, who benefits from the current system of trade governance, and what contemporary challenges the World Trade Organization faces. In doing so, the book speaks to a growing and diverse constructivist literature in International Political Economy. This book will be of interest to scholars, students and policy professionals working within International Relations, International Political Economy and economics.

Unravelling the complex relationship between gender inequality and trade, this is the first book to combine the tools of economic and gender analysis to examine the relationship between international trade and gender relations.

The book brings together fourteen contributions from a variety of economic perspectives, including structuralist, institutionalist, neoclassical and Post-Keynesian by a range of authors including Lourdes Beneria, William Darity, Marzia Fontana and Mariama Williams to demonstrate what feminist economics contribution to the analysis of international trade, through theoretical modelling, econometric analysis and policy-oriented contributions. It includes evidence from industrialized, semi-industrialized, and agrarian economies, using country case studies and cross-country analysis.

Arguing that trade expansion and reduction of gender inequality can be combined, but only if an appropriate mix and sequence of trade and other economic policies is implemented, this book is key reading for all students of international economics, gender and cultural studies and politics and international relations, amongst other disciplines.

This book explores the underbelly of globalisation - the illicit networks of money, drugs, people and arms that make up a multi-billion dollar illegal economy. This is the dangerous world of trafficking, identified by developed countries as the major threat to international order. In their eyes, it brings unwanted and undocumented people into the hidden crevices of affluent societies; guns and drugs are exchanged for access to the global market through the backdoor. As a result, trafficking is scrutinised, vilified, outlawed, even as free trade is celebrated. Gargi Bhattacharyya argues that trafficking is the unacknowledged underside of globalisation. The official economy relies on this illegal economy. Without it, globalisation cannot access cheap labour, it cannot reach vulnerable new markets, and it cannot finance expansion into the places most ravaged by human suffering. Traffick has become the secret basis of global expansion.

After the World Trade Organization's (WTO) critical December 2005 Hong Kong ministerial meeting, negotiations to implement the Doha Development Agenda (DDA) broke down completely in the summer of 2006. This book offers a detailed and critical evaluation of how and why the negotiations arrived at this point and what the future holds for the WTO.

It brings together leading scholars in the field of trade from across the social sciences who address the key issues at stake, the principal players in the negotiations, the role of fairness and legitimacy in the Doha Round, and the prospects for the DDA's conclusion.

The WTO after Hong Kong is the most comprehensive account of the current state of the World Trade Organization and will be of enormous interest to students of trade politics, international organizations, development and international political economy.