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Books > Business & Economics > Economics > International economics > International trade
Economic globalisation and technological change are the two issues that concerned people in the past, concern them today and will concern them in the future - all over the world, poor or rich. Traditionally, questions about allocative effects are asked: What are the labour market implications? Who loses? Who wins? What is the net aggregate welfare effect after an adjustment period? However, two points are rarely taken into consideration: How do globalisation and technological change interact and what are the potential long-run implications for economic growth? This book addresses the interplay of these megatrends. It asks how economic globalisation may affect innovation and technology of individual firms and eventually the growth prospects of countries. Thereby it shows that protectionism not only harms static efficiency but might as well lead to dynamic losses. The book provides a systematic overview of the theoretical underpinnings of the openness-growth nexus and summarises the conceptual problems and important findings of the empirical analyses so far. The theoretical insights are supported by two empirical studies, the first dealing with the innovative behaviour and the "within-multinational" technology transfer of Spanish firms that were acquired by foreign companies and the second analysing productivity growth rate implications from exporting for German manufacturing firms.
This volume examines one of the major systemic changes in world economic history: the economic transformation in the Central European nations and the former Soviet states. Part I considers the dramatic adjustments in commodity structure and the geographic distribution of trade in these countries, while Part II surveys the sweeping transition of the Central and Eastern European countries' payments systems and the evolution of financial markets, exchange rates, and banking systems. Forms of integration with the global economy and proposed requirements for accession to the European Union are considered in Part III, and Part IV presents a model evaluating the record of structural adjustments in these transforming economies. The economic transformation in Central and Eastern Europe has been one of the major systemic changes in world economic history. This volume examines the dramatic changes in trade and payment systems in Central European nations and the former Soviet states during the first half of the 1990s. Part I considers the dramatic adjustments in commodity structure and the geographic distribution of trade in these countries, while Part II surveys the sweeping transition of the Central and Eastern European countries' payments systems and the evolution of financial markets, exchange rates, and banking systems. Forms of integration with the global economy and proposed requirements for accession to the European Union are considered in Part III, and Part IV presents a model evaluating the record of structural adjustments in these transforming economies. The main objective of this volume is to thoroughly cover the latest research advances in international trade and payments among these transforming economies. Written by noted authorities from prominent research centers, the chapters have a predominantly survey character and are supported by sound empirical evidence. Combining empirical research with policy evaluation and recommendations, this volume will serve as a resource for further studies on the economic transformation of the former Soviet bloc countries.
While there are many aspects to the challenges faced by nations and their people, trade is often one of the key issues faced and exemplifies the difficulty of finding a way through complex policy options. International trade has evolved beyond basic questions of tariffs. International trade laws and regulations affect aspects of life from access to healthy food to the protection of the latest innovations in communications and nanotechnology. An important challenge for all nations in the short term is whether the international trading system is configured to ensure sustainable economic growth that is enjoyed by all people of the world. This challenge is complicated by non-trade aspects haunting many nations' effort to improve the future for their citizens. The timely work contains a variety of essays from individuals who presently or in the past have been trade negotiators, worked in the WTO or its predecessor, are serving in legislatures, represent important constituencies, teach aspects of the WTO system or advise clients in the private sector. The essays are grouped into three sections: looking at the ongoing Doha negotiations and/or describing changes to the WTO system or negotiation approach that are needed/viewed as desirable; examining the direction US trade policy should take moving forward; and critically examining the world food crisis and what role the trading system and individual WTO members can take in helping to resolve the crisis.
This volume provides a careful account of the leading propositions
about the welfare gains associated with international trade and
investment under differing institutional arrangements and policy
choices. It concentrates on exploring two propositions which are
valid for economies of any size; the first being the assertion of
the gainfulness of free trade for a single free-trading country,
and a second, more general proposition about the welfare economics
of customs unions. Both the logic and implementability of these
propositions are assessed, as is their relevance to the formation
of commercial policy.
U.S. and German export control policies are compared, showing how these policies have responded to the changes in the international environment, including the end of the Cold War. The policy differences are explained through an analysis of differences in state interests and external constraints, state strategies, domestic support for export controls, and institutional constraints on policy change. The conclusion put forward is that despite a partial convergence of U.S. and German export control policies in the 1990s, diplomatic conflicts between the U.S. and European governments over export control issues will continue to erupt.
A concise, yet complete study of the theory of international trade and foreign lending. The author discusses two of the major models used to discuss trade: the Theory of Comparative Advantage, and the Heckscher-Ohlin model. Connolly presents empirical tests of both theories, and then moves on to discuss, gains from trade and protectionist vs. free trade arguments and applies the basic trade model to international lending.
In A Dissimulated Trade, German Jimenez-Montes sheds light on the role of foreigners in the Spanish empire. Making use of the rich collection of notarial deeds available at the Archivo Historico Provincial de Sevilla, this book examines how a group of Dutch, Flemish and German merchants came to dominate the supply of timber in Seville. With this microhistory, German Jimenez-Montes offers a new account on the trade between Andalusia and northern Europe at the end of the sixteenth century, focusing on a resource that was essential for Seville's economy and Spain's imperial aspirations.
While most advanced industrial countries have adopted a liberal approach to the regulation of capital flow, the typical developing countries have been driven to control foreign exchange in order to prevent a flood of speculative capital inflow and retain domestic monetary resources for local development needs. This book examines the Taiwanese experience in balancing controls on foreign capital with domestic development needs in a manner that has stabilized the national economy and created a substantial trade surplus. Chich-Heng Kuo's position in the Taiwanese government enables him to provide an accurate analysis of the legal framework and policies that have contributed to his country's success. Kuo begins with a review of international capital flow patterns and suggests standards for national performance and capital markets that will enable policymakers to evaluate the costs and benefits of foreign exchange controls. His appraisal of the role of capital regulation in Taiwanese economic development indicates that encouragement of foreign direct investment and strict controls on outward capital flow have been key factors in creating a strong economy. Kuo describes the gradual reversal of these policies starting in 1986, when Taiwan had begun to accumulate large foreign exchange reserves and needed to focus on foreign investment abroad to cool down inflationary pressures at home. The final chapter explores possible applications for economic development in other countries. Providing legal and policy analysis as well as information on the impact of specific types of regulations, this case study will be useful to policymakers, professionals, and scholars concerned with international trade, capital, and economic development.
This unique reference provides the first book-length bibliography on NAFTA. The scope of the book encompasses NAFTA from the Bush administration through the Clinton administration, up to and including 1995. It provides sources from a wide range of disciplines-business, economics, law, science, and political science-and from such diverse perspectives as labor and environmentalism. The book covers (1) serials, including journals, magazines, and newspapers; (2) books, pamphlets, government documents, and dissertations; and (3) non-book sources, including online databases, audiovisual materials, and the Internet. This unique reference provides the first book-length annotated bibliography on NAFTA. The scope of the book encompasses NAFTA from the Bush administration through the Clinton administration, up to and including 1995. It includes events leading up to the NAFTA vote in Congress on November 17, 1993, the vote itself and analyses of it, the political aspects of NAFTA's passage, and the status of the agreement once in effect. The book covers (1) serials, including journals, magazines, and newspapers; (2) books, pamphlets, government documents, and dissertations; and (3) non-book sources, including online databases, audiovisual materials, and the Internet. As a distinct reference, the book will be useful to researchers and scholars and will assist both academic and public libraries in answering reference questions.
This collection of orchestrated analyses develops an "issues and process framework" for assessing the Enterprise for the Americas Initiative to develop freer trade within the Western Hemisphere. This volume comes at a time of transition in U.S. domestic politics and global trade negotiations. Anticipating the critical choices to be faced by the Clinton administration, as well as other public and private sector leaders here and abroad, the analyses in the volume, written by a team of leading international trade and economic development specialists, will provide the reader with insights into the complex political, economic, social, and, to some extent, technical character of efforts to expand regional and world trade.
The major advances in transport services and the export of capital from Europe during the years 1870-1914 made possible the development of a true world economy. This volume studies the British Empire's export activity in light of its world power status. Saul traces the development of British overseas trade from its beginnings prior to European imperialism around the world through its standing at the outbreak of World War I. The major advances in transport services and the export of capital from Europe during the years 1870-1914 made possible the development of a true world economy. This volume studies the British Empire's export activity in light of its world power status. Saul traces the development of British overseas trade from its beginnings prior to European imperialism around the world through its standing at the outbreak of World War I.
This book discusses the role of knowledge in European transformation under a regional actors perspective. It brings together diverse contributions dealing with particular actors and cases. Besides the educational focus, the volume contains illustrative case studies of knowledge utilisation in the corporate sector. Its focus is on the Alps-Adriatic cross-border region in Central Europe with some international comparisons. Here the dense fabric of knowledge in regional societies is demonstrated empirically. Awareness of the importance of regions in socio-economic development is raised.
Reevaluating NAFTA seeks to answer the question: has NAFTA integrated North America? A fifteen-year NAFTA appraisal finds trade expansion boosting optimism, but also unveils stark asymmetry between developed and developing countries as well as top-heavy NAFTA regulations seriously constraining ground-level integration. Using empirical data analysis and a wide-reaching theoretical context, this book seeks to evaluate the results of NAFTA's 'fifteen-year itch' to identify what worked and what didn't, and ultimately, to point to the future of North American integration.
With the establishment of new international standards for environmental management systems (EMS), many managers are faced with the daunting and often bewildering task of creating management systems that enable their companies to conform to these standards. In their haste and confusion, however, many companies implement bureaucratic, ineffective systems that add no real value to their businesses. The ISO 14001 Implementation Guide: Creating an Integrated Management System shows you how to use the ISO 14001 standard to improve your company's productivity and profitability while meeting registration requirements. Using a practical, business-oriented approach, this authoritative book details the background and development of the ISO 14000 series of standards, fully explains the requirements of 14001, and offers hands-on guidance on how to implement an effective EMS. It highlights common but costly mistakes, and leads you step-by-step through the creation of an EMS that will result in a more competitive business as well as a cleaner environment. Suzan L. Jackson draws on her experience as an ISO 9000 and ISO 14000 consultant and trainer and as a member of the U.S. Technical Advisory Group to ISO Technical Committee 207, which is developing the ISO 14000 environmental management standards. With her insider's perspective, Jackson demonstrates how the implementation of a cohesive, well-defined management system helps cut costs, increase efficiency, and focus energies. In addition, she provides insights into ways of successfully integrating ISO 9000, ISO 14001, and other management systems. The ISO 14001 Implementation Guide provides a wealth of proven tips, techniques, and tools that help ensure smooth, trouble-free, and efficient EMS implementation, including critical success factors, flowcharts for setting up the elements of an environmental management system, helpful tips, and advice for avoiding common pitfalls. With its timely, straightforward, and on-target advice, The ISO 14001 Implementation Guide is the definitive, practical guide for environmental and quality professionals and managers who need to develop an environmental management system that will improve business as well as meet the ISO 14001 standard. "An excellent, and very readable workbook on how to integrate management systems into an organization. ISO 14001 will be an important, but difficult, step into the future for much of U.S. industry—this book should be close at hand for those taking that step."—Dorothy P. Bowers, Vice President, Environmental and Safety Policy , Merck & Co., Inc. "Suzan Jackson's book provides vital guidance and answers. . . . Her book can be quite helpful to those who are considering establishing a new environmental management system, or those who just want a better understanding of ISO 14001."—John Master, Former Director, Environmental, Health and Safety , ARCO Chemical Co. "A remarkably easy-to-read, highly authoritative guide to a very complex standard. Suzan Jackson shows us how environmental management and business ,improvement are no longer mutually exclusive goals." —Robin Gildersleeve, President, INFORM (International Forum for Management Systems, Inc.) Written by a recognized ISO expert and member of the U.S. Technical Advisory Group to ISO Technical Committee 207, which is preparing the ISO 14000 environmental management standard, this invaluable guide shows you how to:
This book provides a thorough and practical interdisciplinary foundation for analyzing and structuring business relationships with customers in China in a post-Tiananmen context. The authors present a carefully crafted and timely synthesis of the commercial, financial, and legal framework that has been adopted by China to encourage foreign trade and investment. It focuses on China's steadfast commitment to the support of market-oriented reforms throughout the period of economic isolation imposed by the international community of nations from June 1989 through mid-1991. Support is provided for the position that China has irrevocably embarked on its journey toward a market economy and that the climate for foreign trade and investment has become sufficiently stable to warrant serious consideration by foreign business with long-term expansion goals. The book begins with a historic overview of economic and legal developments in China since 1949. The impact of economic reforms implemented in response to the open door policy adopted by the Chinese leadership in 1979 on the state-planned, product-oriented command society is analyzed in the context of the decentralization of managerial responsibility. The structure and operations of domestic Chinese entities are examined in detail. Also emphasized is the importance of understanding the legal and practical aspects of these relationships prior to entering into serious negotiations with a potential partner. Care is taken to fully examine the Chinese Economic Contract Law and the Chinese Foreign Economic Contract Law. The role and function of China's major financial institutions are reviewed, and China's foreign exchange control system is also examined. The structure of China's foreign trade controls including tariff and non-tariff measures is analyzed for its impact on China's application for participation in GATT. Finally, the book focuses on integrating China's evolving commercial and legal framework for foreign trade and investment into actual business ventures with foreign partners. Foreign investment guidelines are reviewed, and the applicability of the Chinese Foreign Joint Venture Enterprise Law is comprehensively explained. The book is an indispensable tool for CEOs, strategic planners considering off-shore expansion, and academicians in the fields of international law, finance, and marketing.
"Post-NAFTA North America" uniquely combines an institutional examination of NAFTA with a geo-economic and geo-political approach. The author argues that in the post-9/11 era, North America is evolving from a primarily economic space to a strategic 'securitized' one and that NAFTA has been utilized by the US as a regulatory framework for dealing with the pressures of globalization that have emerged in the post-Cold War era.
Exploring bilateral narratives of identity at a socio-discursive level from 1990 onwards, this book provides a new approach to understanding how Chile and Australia imagine and discursively construct each other in light of the bilateral Free Trade Agreement signed in 2008.
The book addresses the issue of product market integration within the European Union (EU) from a multidisciplinary approach that ranges from economics to political science and sociology. Besides the contributions from academia the book also includes the perspectives of the European Commission - Directorate Industry and Enterprise, and of the business community, thus providing a comprehensive overview of the issue under analysis. The book is organized around three main themes: plural perspectives and assessments of current market integration in the EU, empirical analysis of trade and trade barriers within the EU, and discussion of today's challenges in market integration. As such, the book starts by assessing the functioning of the EU Internal Market and by evaluating the need for differentiated integration in an enlarged and increasingly heterogeneous EU. It then proceeds with three empirical studies relating to intra-EU trade, focusing on technical barriers, on the importance of institutional factors in explaining non-tariff protection, and on the consequences of legal and administrative regulations on trade opportunities. The book ends by presenting and discussing today's challenges to market integration in a globalized world as well as the role of the EU in shaping a new mode of governance in transatlantic market integration. Regulation and governance in integrated markets are recurrent topics in the various chapters. The book presents state-of-the art academic research on product market integration and given its multidisciplinary approach it has distinguishing features that make it unique in the literature.
In the face of globalization, workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, asking whether the concerns are warranted.It brings together recent work in an important and rapidly expanding area. It provides comprehensive coverage of both theoretical and empirical aspects. It takes popular concerns about globalization seriously.Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic.
How does Ricardian specialisation affect economic development in relatively advanced countries? Keld Laursen, inspired by the myriad newly-emergent neoclassical/new industrial economics contributions, makes a detailed study of the role of specialisation and structural change in advanced economies. Until now, these theoretical contributions have not been subjected to a systematic empirical investigation. The three key questions are: * Do countries converge or diverge in terms of their specialisation patterns over time? * Can the role of technology explain the direction of national trade specialisation? * What are the implications of international specialisation patterns (and their changes) for economic growth? This study will be of immense interest to postgraduates and researchers working on theories and practices of innovation, trade, and growth.
'Baum's book provides a wealth of heretofore unavailable information on marketing in the strawberry industry. It contains invaluable insights by an insider gleaned from many years of experience. It is required reading for anyone with an interest in the industry. -Dr. George Tolley, professor emeritus, University of Chicago 'Quest. is an important resource for anybody involved in production and marketing of strawberries. It] provides a needed analysis of commodity board marketing plans, but it also chronicles much history of California agriculture by recording the development of the strawberry industry from a localized, fragmented small farm economy into a corporate age production system. -Tom Am Rhein, strawberry grower and Vice President of Operations, Naturipe Berry Growers 'The history of the California strawberry industry, captured by Herb Baum, must be studied to appreciate the economic dilemma of California farmers and the seemingly inadequate support of commodity boards and university research programs. Ten years from now, as a new generation becomes farmers and industry leaders, Quest will be even more important.
This second volume examines regulatory issues of ingredients,
manufacturing, and finished products, as well as claim
substantiation, packaging, and advertising. A chapter on Chinese
regulations will be one of the first about this country to be
published in book form.
The United States holds strategic stockpiles of nearly 100 industrial minerals, metals, and other commodities. These stockpiles have influenced the world commodity markets in many ways. This work brings together in one place, documentary and statistical evidence about the size and nature of the U.S. strategic stockpiles, and the ways in which this influence has been evidenced, in markets for the important industrial metals.
With the stagnation of the Doha Round of multilateral talks, trade liberalisation is increasingly undertaken through free trade agreements. Gabriel Siles-Brugge examines the EU's decision following the 2006 'Global Europe' strategy to negotiate such agreements with emerging economies. Eschewing the purely materialist explanations prominent in the field, he develops a novel constructivist argument to highlight the role of language and ideas in shaping EU trade policy. Drawing on extensive interviews and documentary analysis, Siles-Brugge shows how EU trade policymakers have privileged the interests of exporters to the detriment of import-competing groups, creating an ideational imperative for market-opening. Even during the on-going economic crisis the overriding mantra has been that the EU's future well-being depends on its ability to compete in global markets. The increasingly neoliberal orientation of EU trade policy has also had important consequences for its economic diplomacy with the developing economies of the African, Caribbean and Pacific group of states. |
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