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Books > Business & Economics > Economics > International economics > 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.
The decade of the 1980s has been full of disputes between industrialized countries and newly industrialized ones, between developing countries and Northern markets, and between Japan, the U.S., and the European community on a wide range of issues. This new volume not only reviews some of the major trends in trade and development policy during the 1980s, but also brings together ten essays on different disputatious trade and development issues. Focusing on the steel, copper, tropical, bauxite-aluminum, and textile, sectors, the author provides an in-depth examination of the areas where trade has been most sharply debated. On the development side, a range of issues are addressed: trade-related problems surrounding South-South relations, prospects for foreign direct investment, regulation of the pharmaceutical industry, and European trade preference schemes.
This work presents a new theory and approach to the rapidly changing economics of international trade, which challenges the prevailing neo-Keynesian point of view. From a theoretical perspective, the author examines the arguments of classical and neoclassical economists to develop the concept of dynamic disequilibrium with respect to the business cycle and its influence on a country's international trade position. Additionally, this concept is applied to multinational corporations and customs unions such as the European Community in their practical trade relationships. Beginning with an examination of the general contemporary problem of trade in an uncertain world, Rich moves on to review theories of international trade--the welfare utility function, the international utility function--and their applicability to our changing economic world. Particular attention is given to the rise of the European Economic Community and the role of multinational corporations in contemporary international trade.
This volume contains original essays by authors who have worked together to derive lessons for African export prospects from the experiences of some of the more successful developing countries in East Asia and Latin America. They present up-to-date data and analysis on non-traditional exporting experience, problems and prospects in a sample of five sub-Saharan African countries.
Achieving success in the global marketplace is now a little easier thanks to this practical and comprehensive guide. International opportunities are not limited to the Fortune 500. Winning in the Global Market: A Practical Guide to International Business Success is a resource that will enable firms of all experience levels to explore the possibilities international markets hold and, if they are already engaged, to improve current international operations. Practical and easily understood, the guide synthesizes well-established approaches to global business best practices and shares the most cutting-edge ways of dealing with today's dynamic international business environment. Readers are shown how to conduct an international SWOT analysis that can spell the difference between failure and success and are taken sequentially through issues that must be addressed to compete in the international arena. Regardless of a firm's current status, the book will prove invaluable in answering four critical questions: which market, or markets, to enter (or continue in); when to do so; what the scale or scope of entry should be; and when it is appropriate to make changes. Scorecards that can be used to analyze and assess the reader's individual firm An appendix of resources that will help firms identify and access the most helpful outside sources for international business information and assistance
Trade theories predict and explain the consequences of economic
integration. Generally, they show that freer international trade
leads to specialisation, technological convergence and faster
economic growth. This study compares the conclusions of the trade
theories with empirical observations of economic changes in the
European Union. These empirical analyses show that the main
conclusions also hold empirically. However, many detailed empirical
observations often contrast the theoretical expectation. Hence,
although the trade theories do predict the general changes
correctly, they are not capable of predicting the more specific
empirical outcomes.
This is the second edition of the definitive analysis of the
international wine trade. This new edition focuses on individual
trade flows across the major importing and exporting countries,
examines the increasing role of food retailers in wine selling and
looks for the future trends which will shape the industry in the
new millennium.
Business and NGOs are seen by many to be locked in a perpetual war of values and ideologies. What this book demonstrates is that the war has moved on. Many companies are now engaging with their stakeholders - even those with which they have traditionally had antagonistic relationships - as part of their strategies for improved social and environmental performance. With contributions from an outstanding and diverse group of experts from business, consultancy, research institutes, NGOs and academia, Terms for Endearment investigates the how and why of these new collaborations and provides concrete examples of business working with stakeholder pressure for sustainable development. The book forcibly argues the notion of organizations of civil society setting the standards for business behaviour in the 21st century. For those companies that choose not to pursue high standards of social and environmental performance, confrontation with NGOs must be expected, with negative consequences for sales, costs and social capital, i.e. the bottom line. Terms for Endearment therefore presents business with both a threat and opportunity as we move closer to establishing a social basis for global economic activity.
What new directions in China's digital economy mean for us all China is the largest homogenous digital market on Earth: unified by language, culture, and mobile payments. Not only a consumer market of unrivaled size, it's also a vast and hyperactive innovation ecosystem for new technologies. And as China's digital economy moves from a consumer-focused phase to an enterprise-oriented one, Chinese companies are rushing to capitalize on ways the newer wave of tech--the Internet of Things, AI, blockchain, cloud computing, and data analytics (iABCD)--can unlock value for their businesses from non-traditional angles. In China's Data Economy, Winston Ma--investment professional, capital markets attorney, adjunct professor of digital economy, and bestselling author--details the profound global implications of this new direction, including how Chinese apps for services such as food delivery expand so quickly they surpass their U.S. models within a couple of years, and how the sheer scale and pace of Chinese innovation might lead to an AI arms race in which China and the U.S. vie aggressively for leadership. How China's younger netizens participate in their evolving digital economy as consumers, creators, and entrepreneurs Why Online/Office (OMO, Online-merge-with-Offline) integration is viewed as the natural next step on from the O2O (Online-to-Offline) model used in the rest of the world The ways in which traditional Chinese industries such as retail, banking, and insurance are innovating to stay in the game What emerging markets can learn from China as they leapfrog past the personal computer age altogether, diving straight into the mobile-first economy Anyone interested in what's next for Chinese digital powerhouses--investors, governments, entrepreneurs, international business players--will find this an essential guide to what lies ahead as China's flexes new digital muscles to create new forms of value and challenge established tech giants across the world.
This book provides an innovative account of how the globalization of production and the emergence of global value chains impacts on trade preferences, lobby strategies and the political influence of EU firms. It sheds new light on the complex EU-China trade relations.
Advancing a constructivist conceptual approach, this book explains the surprising outcome of the Economic Partnership Agreements (EPAs) between the European Union and developing countries in Africa, the Caribbean and the Pacific (the ACP countries). Despite the EU's huge market power, it had limited success with the EPAs; an outcome that confounds materialist narratives equating trade power with market size. Why was the EU unable to fully realise its prospectus for trade and regulatory liberalisation through the EPA negotiations? Emphasising the role of social legitimacy in asymmetrical North-South trade negotiations, Murray-Evans sets the EPAs within the broader context of an institutionally complex global trade regime and stresses the agency of both weak and strong actors in contesting trade rules and practices across multilateral, regional and bilateral negotiating settings. Empirical chapters approach the EPA process from different institutional angles to explain and map the genesis, design, promotion and ultimately limited impact of the EU's ambitious prospectus for the EPAs. This volume will be particularly relevant to students and scholars of international trade and development and the EU as an international actor, as well as those researching international political economy, African politics and international trade law.
Growing global interdependence made the 1970s and 1980s a volatile period in the sugar trade at a time when Caribbean countries, while not the major world producers of sugar, were economically dependent on their sugar exports. Since then, government farm supports and quotas on imported sugar in the United States, overproduction in developing countries, and the emergence of a highly protected European Community sugar industry have all served to make the sugar trade a highly political global issue. This study focuses on the evolution of the U.S.--Caribbean Basin sugar trade in the 1980s and its impact on political relations between the countries involved. According to the authors, the sugar trade was not driven by laws of supply and demand, but by various political agendas. Economic protectionism, government subsidies for inefficient elements of the sugar industry, as well as corruption and mismanagement have contributed to the Byzantine politics of the sugar trade. Now the United States needs to determine how lifting quotas and terminating subsides will affect this complex relationship. By providing an in-depth look at the development of current policies in the sugar trade, this book offers the necessary background for making informed policy decisions. After examining the U.S. sugar policy from 1974 to 1989, the book provides a broader Latin American perspective of U.S. and European Community sugar policies. It also offers subregional and country analyses covering the Commonwealth Caribbean, Central America, Cuba, the Dominican Republic, Haiti, and Panama. Despite the difficulty of competing against the United States and Europe, Caribbean and Central American countries are likely to continue to depend on sugar cane. Climactic and ecological factors make agricultural diversification extremely difficult. Some Caribbean and Central American producers have considered making ethanol automobile fuel from sugar, but here too they face protectionist pressure from U.S. producers of corn. Given current political realignments, the authors predict that the influence of the United States and the Soviet Union will diminish in the 1990s. The European Community, on the other hand, is likely to have greater influence on the inter-American sugar trade. Students of Latin American politics and international relationships, as well as those involved in the sugar industry or the policies affecting it, will find this book a valuable resource for future decisions.
'Wolfe has combined a detailed examination of international regimes and agricultural trade, an interesting application of the concept of embedded liberalism as developed by Ruggie on the basis of Polanyi, and a thorough analysis of the Uruguay Round negotiations. In doing so, he has made a notable contribution to the IPE literature generally and the work on multilateral negotiations in the context of the GATT/WTO in particular' - Andrew F. Cooper, University of Waterloo, Canada The Farm War of the early 1980s was rooted in the political economy of agriculture, but it was a crisis for the international trading system. The war was evident in disruptions on the farm and in world markets, in conflicts among major governments, and in disagreements in international organizations. Wolfe shows how and why battles over agricultural protectionism were largely resolved through the Uruguay Round of GATT negotiations, demonstrating that the global economy is not self-regulating: it needs institutions if it is to be stable.
This book provides one of the most comprehensive and compelling analysis of Non-Market Economies (NMEs) and their treatment under the current world trading system. In particular, it examines the treatment of China as an NME in anti-dumping investigations, especially post-December 2016. Central to this analysis is Section 15 of China's Protocol of Accession to the WTO, which is the focal point of the controversy between China and other major WTO Members. The book highlights multiple perspectives on the interpretation of Section 15 and the Second Ad Note to Article VI of the General Agreement on Tariffs and Trade (GATT), which form the legal basis for China's special treatment in anti-dumping proceedings, and provides unique approaches on interpreting the above treaty texts. In addition, the book explores recourses to trade remedy instruments other than anti-dumping to identify and address state-driven market distortions in the case of NMEs. Authored by leading practitioners and scholars, the chapters offer a detailed commentary and rich insights into the diverse approaches and methods used by anti-dumping investigation agencies of leading users. This book serves as an all-inclusive resource for discerning all facets of this issue, magnitude of the consequences, and potential threats to the delicate trading system. It is of particular relevance to economies-in-transition and newly acceding countries to the WTO. This book generates special interest among legal practitioners, exporters, trading firms, think tanks, academicians, policy makers and the entire community engaged in international trade disputes with China.
The argument about the limits of Free Trade or Protectionism rages throughout the world to this day. Following the Repeal of the Corn Laws in 1846, free trade became one of the most distinctive defining features of the British state, and of British economic, social, and political life. While the United States, much of the British Empire, and the leading European Powers turned towards protectionism before 1914, Britain alone held to a policy which had seemingly guaranteed power and prosperity. This book seeks to explain the political history of this tenacious loyalty. While the Tariff Reform opponents of free trade have been much studied, this is the first substantial account, based on a wide range of printed and archival sources, which explains the primacy of free trade in nineteenth- and early-twentieth century Britain. It also shows that by the centenary of the Repeal of the Corn Laws in 1946, although British free traders lamented the death of Liberal England, they heralded, under American leadership, the rebirth of the liberal international order.
During recent years, American states have launched programs to promote direct foreign investment and product export, but there has been little self-scrutiny of these efforts. This book presents the findings of Michael Frazier's detailed empirical study of four, state-supported export trade agencies. Using the evaluation techniques of Mazmanian and Sabatier (the M-S Model), Frazier pinpoints the factors that determine how well states develop an international business orientation. He also expands the M-S model by identifying additional variables that should be considered in future program evaluations. This book provides a survey of the literature on implementation research, and argues in favor of both theoretical and empirical evaluation. Using the the M=S Model for export trade agency evaluation, Frazier examines the public export trade agencies of four states: Arkansas, Indiana, Michigan, and Virginia. He concludes that four factors--geographic location, state politics, economic interdependence and federal government involvement--heavily influence a state's level of success. The political leadership of the agency director and his supervisors, including the governor, is especially crucial. This is a useful handbook for legislators, policymakers, administrators, and students of program evaluation.
After describing NAFTA as 'the worst trade deal maybe ever signed anywhere', Donald Trump's election seemed to represent the final nail in the coffin for North American economic integration. Following a decade of stagnation, however, Trump's victory presents a timely opportunity to reconsider North American integration and evaluate NAFTA's democratic track record in Mexico. In this book, Pablo Calderon Martinez presents a detailed analysis of NAFTA's influence as a political tool for democracy in Mexico. Extending beyond a mere economic or social exploration of the consequences of NAFTA, Calderon Martinez uses a three-tiered analysis based on causality mechanisms to explain how the interactions between internationalisation and democratisation unfolded in Mexico. Calderon Martinez's analysis demonstrates that Mexico's internationalisation project under the framework of NAFTA gave shape to, if not made, Mexico's democratisation process. An original and timely resource for scholars and students interested in understanding how - in cases like Mexico where transitions to democracy are characterised by a finely poised balance of power - small influences from abroad can make significant long-lasting differences domestically.
"The semiconductor industry is at the forefront of current tensions over international trade and investment in high technology industries. This book traces the struggle between U.S. and Japanese semiconductor producers from its origins in the 1950s to the novel experiment with ""managed trade"" embodied in the U.S.-Japan Semiconductor Trade Arrangements of 1986, and the current debate over continuation of elements of that agreement. Flamm provides a thorough analysis of this experiment and its consequences for U.S. semiconductor producers and users, and presents extensive discussion of patterns of competition within the semiconductor industry. Using a wealth of new data, he argues that a fundamentally new trade regime for high technology industries is needed to escape from the present impasse. He lays out the alternatives, from laissez-faire to managed trade, and argues strongly for a new set of international ground rules to regulate acceptable behavior by government and firms in high-tech industries. Flamm's detailed analysis of competition within the semiconductor industry will be of great value to those interested in the industrial organization of high-technology industries, as well as those concerned with trade and technology policy, international competition, and Japanese industrial policies. "
While the long-term gains from liberalization are generally
accepted, liberalizing economies are, nevertheless, likely to face
short to medium term adjustment costs. Yet most developing
countries do not have well-developed social safety nets to address
these problems. This book gauges the possible development
implications of the current WTO trade negotiations by examining the
various proposals and assessing their likely economic impact. Eight
country studies examine the experiences of a number of countries at
different levels of development and across various regions to
ascertain the impact of their trade reforms and the factors
contributing to the outcomes.
Written in the context of contemporary theoretical debate in international political economy, this book overturns a number of myths about the political economy of trade in one of the oldest areas of industry. In this way the author systematically links the changing characteristics of the trade regime to structural change and adjustment in global industry. He argues that state policy processes, 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.
After more than two years of negotiations, in December 1992, the governments of Canada, Mexico, and the United States signed the North American Free Trade Agreement. During the months leading up to the signing, labor, industry, environment, and religious groups from the three countries actively debated and lobbied their respective trade negotiators to gain support for their particular concerns. Lobbying by these groups continues as policy deliberations shift from treaty negotiations to the submission of enabling legislation and, ultimately in the United States, congressional authorization. This volume brings together key spokespeople from labor, industry, and government and presents the main arguments for and against the Free Trade Agreement as well as views on the Agreement's impact. The book is intended for policy makers, business managers, labor organizations, environmentalists, academics, students, and others who have an interest in understanding and exploring the issues surrounding the NAFTA debate.
In August 1765 the East India Company defeated the young Mughal emperor and forced him to establish a new administration in his richest provinces. Run by English merchants who collected taxes using a ruthless private army, this new regime saw the East India Company transform itself from an international trading corporation into something much more unusual: an aggressive colonial power in the guise of a multinational business. William Dalrymple tells the remarkable story of the East India Company as it has never been told before, unfolding a timely cautionary tale of the first global corporate power.
The book is the first attempt to offer a holistic and integrated exploration of the political-economic framework underpinning economic regionalism. In doing so it provides a much-needed contribution to the literature on international political economy, international relations and Asian political economy in relation to economic regionalism. The existing literature provides broad generalizations and limited discussion on economic integration (i.e. free trade agreements, FTA) with most analyses of regionalism generally contained to the field of economics with a focus on the welfare implications of FTAs, both for participating countries and the world as a whole. Readers of this book can view economic regionalism from a variety of perspectives with input from Chinese, Japanese and Korean research institutes, business and industry groups, and government officials. Drawing on the considerable country experience and expertise of the authors, the book attempts to unravel the paradox of the market-driven economic globalization process (regionalism) and address a serious gap in the current literature relating to the political-economic characteristics and strategies of China, Japan and Korea in relation to economic regionalism. |
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