While considerable progress has been made in analyzing the formulation of international economic policies, the existing literature remains deficient in several respects. First, the existing models take a relatively simplistic view of the political-economy environment. For example, in contrast to the observed reality, a large majority of the models view the government as a monolithic entity. Second, there is only limited recognition of the political-economy interactions between interest groups across national borders. Third, dynamic factors governing trade policy formulation have been essentially absent in the literature. Fourth, the empirical work in this area, both cross-industry within national boundaries and cross-national, is very much in infancy and in need of further development. Fifth, other aspects of international economic policy such as foreign aid and foreign direct investment have been scarcely addressed in the existing literature. In this volume, edited by Devashish Mitra and Arvind Panagariya, a group of distinguished scholars in international trade, especially from the younger generation, analyzes several of these important but neglected aspects of the political economy of international economic policy. The volume contains 12 essays topped by an introduction by the editors. The contributors to this volume are Alok Bohara, Carl Davidson, David Feldman, Kishore Gawande, Amy Glass, Omer Gokcekus, Keith Hall, William Kaempfer, Justin Knowles, Pravin Krishna, Phil Levy, Chris Magee, Steve Matusz, Wolfgang Mayer, John McLaren, Devashish Mitra, Alex Mourmouras, Doug Nelson, Arvind Panagariya, Martin Richardson, Martin Ross, Kamal Saggi and Ed Tower. The volume makes major advances in the area of political economy of trade, aid and investment policy, and therefore will be of considerable interest to academic researchers and students of international economics. Because of its obvious focus on the process of policy formulation, economists as think tanks, international institutions such as the World Bank, International Monetary Fund and World Trade Organization, and trade-policy analysts in developed and developing countries will also read it.

To what extent do domestic politics affect the agreement reached in an international trade negotiation? In order to address this question, Christopher C. Meyerson develops an approach to analyzing the relationship between domestic politics and international relations in trade policymaking. This approach is used to analyze both American and Japanese trade policymaking and US-Japan trade negotiations, especially during the GATT Uruguay Round agricultural negotiations between 1986 and 1994.

This book examines the economic, political and institutional dimensions of pan-Asian integration. With little progress made in the Doha Round, there is heightened interest in deeper regional integration in Asia. The book explores regional patterns of trade and investment and the potential for deeper integration.

The Governance of World Trade focuses on the roles, influence and impacts of the so-called 'GATT operatives' or WTO practitioners. It is widely assumed that they have little influence on decisions and policies made, but, according to the authors, the GATT/WTO Secretariat has played an active role in promoting multilateral cooperation.This unique study of the internal operation of the GATT/WTO argues that the invisible yet indispensable international civil servants are the permanent machinery within the institution. They have, the authors ascertain, an important coordinating function and act according to a specific scale of values that transcend those of individual states, providing the continuity and the cement, the credibility and the connection among self-interest-driven states. The book concludes that as one of the most 'democratic' international organizations, operating on the principle of consensus, the WTO needs a creative Secretariat as a necessary condition for multilateral cooperation to work. Using case studies to analyse the workings of Secretariat officials in trade negotiations, and the influence and role of international civil servants, this book will be a fascinating read for a wide ranging audience including: political scientists and economists, international civil servants, think tanks, NGOs, and government agencies.

This volume addresses important issues in economic theory and international trade with contributions from internationally renowned researchers - including some of Murray C. Kemp's many colleagues and former students.Economic Theory and International Trade begins with an examination of classical trade theory and welfare economics. It goes on to discuss international trade policy, including international trading agreements, taxation, tariffs and quotas. Attention then turns to the role of market structure in joint ventures, innovation, tariff policy and political economy. The final section is devoted to economic dynamics and international economics, with an emphasis on learning mechanisms, sustainable growth and immigration. This book will be indispensable to academics and graduate students in the area of international trade. Economic theorists and international trade specialists such as research units and researchers in government will also find this book of great interest.

There are many challenges facing the economies of developing countries. Capital volatility, financial crises, aid, debt and the IMF are all issues that have received a great deal of attention over recent years. In International Finance and the Developing Economies, Graham Bird provides an essentially non-technical discussion of these issues, examining the underlying political economy and discussing the policy alternatives that are available.

This book studies the main causes, consequences and nature of the Asia-Pacific's new free trade agreement (FTA) trend, and its implications for the global economy. It explores the FTA policies of the region's trade powers and offers conceptual and theoretical perspectives on the relationship between economic bilateralism and regionalism.

Yoshimatsu explores the causes and implications of the diverse degree of institution-building in East Asia by examining two processes of initiating and developing multilateral institutions in five policy areas: trade, finance, food security, energy security, and the environment.

This book offers guidelines for the upcoming discussions on reform, representing an attempt to work out conceptions for a better international competition order on the basis of the scientific approach 'law and economics'. It presents the dominant concepts of competition policy as a basis for an international competition order and formulates a synthesis. The result is a new neo-ordoliberal approach. Anti-dumping-measures are analysed of the effects on international competition and resource allocation, and alternatives and improvements are suggested. From national forms of competition policy a synthesis of international competition policies are derived. Currently reforms of the international competition order are heavily discussed and here a selection of the most important suggestions are presented, compared, and evaluated. Finally, this book offers strategies that might serve as second-best solutions, and though they may not be optimal for competition policy, they are politically feasible and an improvement on the current competition regulations. They would be a back-up in case the WTO competition regulations aren't realizable.

Using figures from European Union members, the volume highlights the conditional effects of globalization, asset specificity, and domestic institutions. Far from being impotent, democratic states face politically powerful pressures to continue to shield social actors from the vagaries of the global market.

Mutual Recognition (MR) implies that each Member State is free to use the standards for production it prefers but cannot inhibit the import from other Member States lawfully using other standards, unless justified by emergency reasons. The home country rule then prevails on the host country. Barriers to entry diminish, competition rises in the internal market. This collection looks at a number of aspects of MR, including why its importance cannot be understood outside the general practice of free movement and how some elements of MR already emerge in the skilled labour market of professionals.

Middlemen in international markets are one of the most critical components of firms' international marketing strategy. They constitute the main link between the exporter and the local market, and are thereby the "extended arm" of the exporter organisation. This volume of AIM analyses different aspects of relations between exporters and their middlemen: selection and governance, information exchange and learning, cultural aspects and finally the dynamics of such relations. The volume should be seen as a continuation of a stream of literature that has emerged over the last five to ten years.

This volume is more concerned with the phenomena under study than with casting light on one particular theoretical perspective. The contributions represented here are therefore drawing on a number of different theoretical streams: agency theory, transaction cost economics, network theory, economic sociology, resource base theory and its applied "offspring," Internationalisation Process school of thought. It features researchers from universities in nine different countries, representing both well-established and young academicians. This is a manifest indication of the importance of this field of research.

The book is an invaluable asset to students both at the graduate and doctoral levels, and should be a must for researchers in this particular field. Also practitioners will find this book stimulating in their quest for improvements to their relations with their foreign middlemen.

Reforming the Common Agricultural Policy presents an unprecedented comparison of three successive major reforms of the CAP. It shows the influence of related issues such as international trade negotiations and budget constraints and demonstrates that factors such as opening of the policy network and feedback were key to accelerating change.

From direct foreign investment to the flow of capital, there are endless factors that affect the economies of the world's poorest countries. Knowledge of the struggles of these countries--also known as the Least Developed Countries (LDCs)--is essential to understanding the impact of globalization. This work provides a platform for grasping why developed countries are reaping the benefits of globalization while the LDCs are being left behind. Topical chapters seek to uncover the processes that LDCs should take to reverse their marginalization and build their economies so that they can receive the benefits of globalization. Subjects include: *The relationship between the World Trade Organization, World Bank, and the International Monetary Fund *Multilateral trade regimes *Tariff and non-tariff barriers in developed countries *Global Commodity Prices *Trends in Poverty and Human Development *Technology

Developments of International Trade Theory offers the life-long reflections of a distinguished Japanese scholar who pioneered the application of general equilibrium theory to international trade. Written in a style that makes it easily accessible to scholars and students, the book combines standard topics on international trade with a discussion of the evolution of the theory and some recent discussions on topics like immiserizing growth. This book is presented in two parts. Part I examines the historical progression of international trade theory. Part II addresses the modern theory and recent developments of international trade. This book offers a comprehensive evaluation of the non-monetary problems of international economics.

Written in the context of contemporary theoretical debate in international political economy,The text argues that state policy proces ses, this text overturns a number of myths about the political economy of trade in one of the oldest areas of industry. It systematically links the changing characteristics of the trade regime to structural change and adjustment in global industry. International regimes and the industrial adjustment strategies of firms must be conceptualized as integrated processes of governance cutting across levels of analysis in the global political economy.

International trade is vital in today's world; international trade can be affected by a number of issues such as terrorism, economic crises, and pandemics such as COVID-19. It is crucial to understand the impact these global issues have on international trade and what happens to trade when global issues arise. A comprehensive guide of these issues is needed to provide background and understanding about international trade and its relationship with global issues. Global issues occasionally dominate a continuing theme of the international globalized world: global crises, war, security issues, global pandemics such as COVID-19, and trade wars. Global cooperation is required to solve such problems. Economically intellectual thinking will enable the development of guiding policies in solving these global problems. In this book, the effects of global issues on international trade will be evaluated, and policy recommendations will be made for the solution of the global issues. Impact of Global Issues on International Trade is a critical reference source that uses analytic research to analyze the effects of global economic and financial crises as well as global health crises and their impact on international trade. Pandemics such as the COVID-19 pandemic, the global economic crisis, and trade wars are discussed, and political suggestions are made to mitigate negative impacts. Covering a wide range of topics such as financial fragility and trade fairs, it is ideal for trade specialists, policymakers, government officials, managers, executives, economists, academicians, researchers, students, and industry professionals.

This book analyses the fast spread of free trade agreements (FTAs) across the globe, their content and their economic impact. In the wake of Brexit and the new protectionism of President Trump, Melchior offers a timely assessment of key issues relating to FTAs. Dividing the world into seven major regions, he analyses world trade, the globalisation of FTAs and their role within and between the regions. Using a new world trade model, he then presents new evidence on the impact of trade agreements, the value of trade, the impact of China's growth and the West's industrial decline, and the role of reciprocity in trade policy. Covering rich and poor countries, commodity exporters and all of the world's regions, he offers new and original insights about a number of pertinent issues facing today's world.

The book investigates the EU preferential trade policy and, in particular, the impact it had on trade flows from developing countries. It shows that the capability of the "trade as aid" model to deliver its expected benefits to these countries crucially differs between preferential schemes and sectors. The book takes an eclectic but rigorous approach to the econometric analysis by combining different specifications of the gravity model. An in-depth presentation of the gravity model is also included, providing significant insights into the distinctive features of this technique and its state-of-art implementation. The evidence produced in the book is extensively applied to the analysis of the EU preferential policies with substantial suggestions for future improvement. Additional electronic material to replicate the book's analysis (datasets and Gams and Stata 9.0 routines) can be found in the Extra Materials menu on the website of the book.

While the economic opportunities offered by globalization can be large, a question is often raised as to whether the actual distribution of gains is fair, in particular, whether the poor benefit less than proportionately from globalization and could under some circumstances be hurt by it. This book examines the various channels and transmission mechanisms, such as greater openness to trade and foreign investment, economic growth, effects on income distribution, technology transfer and labour migration through which the process of globalization affects different dimensions of poverty in the developing world.

This volume investigates the specific role of transnational corporations in the process of globalization and economic development. While it draws on a long history of academic research, it also shows new ways forward. It makes headway both in conceptual as well as empirical terms. Topics covered include locational clustering, research and development partnering, productivity spillovers, privatization, disinvestment, terrorism, and the role of and impact on transnational corporations. A future research agenda is also put forward.

Does free trade contribute to the deterioration of the environment? This important book offers a fresh look at the trade-environment debate from a political-economic perspective. It provides an extensive analysis of the environmental consequences of free trade, and examines how trade affects environmental regulation in this age of regional and global economic integration. The book begins by providing a useful review of the literature on the environment-trade link and the effects of trade on environmental regulation. It is demonstrated that environmental regulation may affect trade and investment patterns, and as a consequence the competitiveness of a country or region. Using the North American Free Trade Agreement as a case study, the author examines the political influence of environmentalists and industry sub-groups on pollution standards in the United States. Rolf Bommer also discusses the European experience, and reveals that the European Union may affect pollution regulation considerably and increase the chance of higher environmental standards. He concludes that free trade offers the opportunity to introduce tighter pollution regulation due to the political influence of interest groups on environmental policy making. Economic Integration and the Environment will be welcomed by environmental economists, those interested in international economics as well as policymakers and practitioners.

Reflecting current debates and concerns within academic and policy circles, this substantial edited book provides wide-ranging and in-depth commentary on contemporary developments in the politics of international trade. The book is divided into three major sections dealing, in order, with key actors (states and firms, the WTO, civil society), issues (security, agriculture, services, intellectual property environment, labour standards) and regional dynamics (focusing on regions and regionalism, and on trade politics in major states in each of these) in international trade.

This book systematically explores the trade and environment interests of developing countries from a Southern perspective. The contributors write explicitly about both the fears and hopes in the South regarding trade and environment negotiations. Essays are from leading experts and thought leaders from various regions of the South and work to envision new, bold agendas and priorities for their region.