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Books > Business & Economics > Economics > International economics > International trade
Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de Espana and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.
As a participant in and negotiator of NAFTA and the World Trade Organization, Thomas A. Hockin provides a unique insider's look at the political challenges to free trade and U. S. trade policy. In this timely and important book, Hockin explores the fragile ecosystem of multinational trade alliances in the face of insurgent political protests from both the left and the right. The American Nightmare takes a close look at WTO obstacles such as the failure of member countries to follow dispute settlement arrangements; the conflict surrounding the membership of China; and, the mercurial administration of trade law in the U.S. Hockin makes a convincing case for the current incoherence of American trade policy, warning of a possible collapse of the world economy if the WTO's ability to settle disputes becomes further frustrated. With lucid analysis of the systemic problems involved in free trade and thoughtful possible solutions to them, The American Nightmare is a clarion call for policy makers and a thought provoking read for those of us on the sidelines.
Today the doors of China are opening to foreign investment and trade as never before, but the history of contact between China and the West goes back many centuries. Goods from China were being traded in Rome long before the birth of Christ, transported over the famous silk road that crossed Mongolia and Russia. But not until the mid-fifteenth century, when Marco Polo published his account of his travels, did China really capture the European imagination. Subsequent centuries saw missionary trips to China by Franciscans and Jesuits, a European craze for Chinese silk and porcelain, European visits to Tibet, the infamous Opium War between Britain and China, and further instances of contact, commerce, and conflict. China has shown amazing economic growth since 1949, and today it has set ambitious goals for growth in trade and technology. This book traces the history of Western exploration in and trade with China. It follows the events outlined above and touches on many other highlights, including exploration by the Russian Nikolay Przhevalsky, who traveled deep into China and today is largely remembered for the horse he discovered and identified there; the travels of nineteenth-century women explorers in China; American Roy Chapmans discovery of the first fossilized dinosaur eggs in the Gobi Desert; and the competition between two American explorers to be the first to capture a live panda. Also included are a chronology of Chinese history and a pronunciation guide.
The recent downturn in the Chinese economy has become a focal point of global attention, with some analysts warning that China is edging dangerously close to economic meltdown. Is it possible that the second largest economy in the world could collapse and drag the rest of the world with it? Or will China simply implode under the strain of its many problems and recede from the world stage like Japan? Does it have the resilience and preparedness to tackle the multiplicity of economic challenges it faces? In this penetrating essay, leading expert on China's economic relations Ann Lee explains why China's economy will not sink us all and what policy options it is drawing on to mitigate against such a catastrophic scenario. Dissecting China's economic challenges with realistic clarity, she makes a compelling case for China's continued economic robustness in multiple sectors in the years ahead.
For more than two centuries following its formation in 1581, the Levant Company enjoyed a monopoly of British trade with the Ottoman Empire and provided Britain's diplomatic representation at the Sultan's court and throughout the Ottoman territories. Rather than focusing on "the Turkey trade" itself, or on the merchants who engaged in it, Christine Laidlaw examines the supporting cast of Britons -- officials, clergymen, physicians and accompanying family members -- who lived and worked alongside the merchants at the Company's three principal trading posts at Istanbul, Izmir and Aleppo during the eighteenth century. This unique perspective will be invaluable for historians of the eighteenth century and the Ottoman Empire.
International trade policy, including the trade policies of the European Union (EU), has become controversial in recent years. This book illuminates the politicised process of the EU's contemporary trade negotiations. The book uses the notion of 'contentious market regulation' to examine contemporary EU Free-Trade Agreements (FTAs) with industrialised countries: the Transatlantic Trade and Investment Partnership with the USA (TTIP), the Comprehensive Economic and Trade Agreement with Canada (CETA), the EU-South Korea Agreement (KOREU), and the EU's agreement with Japan (EU-Japan). It also analyses cross-cutting issues affecting trade policy, such as business dimensions, social mobilisation, parliamentary assertion, and investment. This book was originally published as a special issue of the Journal of European Integration.
When it came into force in 1994, the North American Free Trade Agreement (NAFTA) joined the economic futures of Canada, Mexico, and the United States, with systematic rules governing trade and investment, dispute resolution, and economic relations. However, economic integration among the three countries extends considerably beyond trade and investment. The NAFTA agreement takes a very narrow view of integration, barely addressing such vital issues as immigration policy and labor markets, the energy sector, environmental protection, and law enforcement. The governments of Canada, Mexico, and the United States now must confront the question of whether NAFTA is enough. Do they want to keep their trilateral relationship focused on economic matters or are they interested in integrating more deeply --perhaps initiating a process to build a North American Community similar to the European Union? This volume contains thoughtful discussions about the future of North America by knowledgeable experts from each of the three countries. Robert Pastor has written one of the more comprehensive books on the subject, Toward a North American Community (Institute for International Economics, 2001). Andr's Rozental is an ambassador at large for Mexico and president of Consejo Mexicano de Asuntos Internationacionales, the country's leading foreign policy association in Mexico. Perrin Beatty is a former foreign minister of Canada and currently the president and CEO of the Canadian Manufacturers and Exporters. The governments of Canada, the United States, and Mexico face thorny challenges as they decide whether and how to accelerate smooth, and institutionalize the integration process. Pastor, Rozenthal, and Beatty encourage greater dialogue among the three governments and their citizens, as well as more systematic thinking among policymakers and citizens about the promise and challenges of further North American integration. This volume considers the promise and challenges of further North American integration, including: - migration, security cooperation, and cross-border commerce - the establishment of a permanent North American Court on Trade and Investment, to replace the current ad hoc tribunals -the possibility of widening NAFTA to incorporate countries in Central America and the Caribbean -collaboration in dealing with criminal drug trafficking, environmental protection, energy and water management, and transportation, communications and other infrastructure development.
This volume brings together original essays by leading historians of the Atlantic World, representing recent developments in historiography of the period. These essays present the argument that coercive imperial authority has been vastly overrated. Distance, the primacy of trade over politics, and the refusal of colonized peoples to recognize European authority resulted in de-centralized "American empires".
Trade and the environment has become a major area of international political dispute. This study investigates the interdependencies between environmental policies and international trade policies. * Does liberalization of international goods and factor markets cause environmental disruption and welfare losses? * Will countries institute lax ecological regulations to favour their domestic producers? * Should trade restrictions be used for environmental reasons and can environmental policy instruments be used to achieve trade-related objectives? * Should there be what the author terms a `green GATT'? The approach is mainly theoretical, and uses traditional trade models like Hekscher-Ohlin as well as non-competitive models of the `new' trade theory and public choice. Some other important but often neglected aspects, such as trade in hazardous wastes and the foreign debt problem, with the possibility of debt-for-nature swaps, are also considered. Finally International Trade, Factor Movements, and the Environment addresses institutional issues on both national and international levels. The book will be essential reading for all international and environmental economists.
As Thomas Sterner points out, the economic "toolkit"for dealing with environmental problems has become formidable. It includes taxes, charges, permits, deposit-refund systems, labeling, and other information disclosure mechanisms. Though not all these devices are widely used, empirical application has started within some sectors, and we are beginning to see the first systematic attempts at an advanced policy design that takes due account of market-based incentives. Sterner's book is an attempt to encourage more widespread and careful use of economic policy instruments. Intended primarily for application in developing and transitional countries, the book compares the accumulated experiences of the use of economic policy instruments in the U.S. and Europe, as well as in select rich and poor countries in Asia, Africa, and Latin America. Ambitious in scope, the book discusses the design of instruments that can be employed in a wide range of policy areas, including transportation, industrial pollution, water pricing, waste, fisheries, forests, and agriculture. While deeply rooted in economics, Policy Instruments for Environmental and Natural Resource Management is informed by perspectives drawn from political, legal, ecological, and psychological research. Sterner notes that, in addition to meeting requirements for efficiency, the selection and design of policy instruments must satisfy criteria involving equity and political acceptability. He is careful to distinguish between the well-designed plans of policymakers -- and the resulting behavior of society. A copublication of Resources for the Future, the World Bank, and the Swedish International Development Agency (SIDA).
This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.
This title was first published in 2002: This compelling text is the first major application of Michael Porter's diamond framework to identify the sources of national competitive advantage in the case of Greece. Offering a useful evaluation of Porter's theory through an extensive literature review, the book also draws on empirical evidence from five selected Greek industries. It also provides information and commentary on many aspects of the Greek economy, its historical evolution and its current trends. International and Greek investors, international organizations, business consultants and financial institutions will certainly benefit from this analysis of the Greek economic environment. Moreover, universities and researchers will be interested in the evidence supporting or refuting parts of the widely used and cited "diamond" framework.
This book describes and assesses an emerging threat to states' territorial control and sovereignty: the hostile control of companies that carry out privatized aspects of sovereign authority. The threat arises from the massive worldwide shift of state activities to the private sector since the late 1970s in conjunction with two other modern trends - the globalization of business and the liberalization of international capital flows. The work introduces three new concepts: firstly, the rise of companies that handle privatized activities, and the associated advent of "post-government companies" that make such activities their core business. Control of them may reside with individual investors, other companies or investment funds, or it may reside with other states through state-owned enterprises or sovereign wealth funds. Secondly, "imperfect privatizations:" when a state privatizes an activity to another state's public sector. The book identifies cases where this is happening. It also elaborates on how ownership and influence of companies that perform privatized functions may not be transparent, and can pass to inherently hostile actors, including criminal or terrorist organizations. Thirdly, "belligerent companies," whose conduct is hostile to those of states where they are active. The book concludes by assessing the adequacy of existing legal and regulatory regimes and how relevant norms may evolve.
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