This book examines the relationship between international trade and domestic economic growth in Britain since the eighteenth century. It was during this time that Britain enjoyed first a dominant role in world trade and then, from the outbreak of the First World War, saw its economic strength eclipsed by other emerging international powers. The essays here focus on two central concerns in the history of British economic development in the period: was overseas and colonial trade in the eighteenth century the principal motor of British industrial development? Has the structure of Britain's overseas trade in the twentieth century been one of the factors contributing to the "decline of the British industrial economy"?

In exploring these central ideas, the book examines the evolving structures of British commercial relations, the development and impact of commercial policies and Britain's changing international economic position. The volume contains both general essays which survey current debates and chapters dealing with more specific issues, including, for example, the role of the Atlantic trade in British economic growth in the eighteenth century; the impact of British trade on Continental Europe in the first half of the nineteeth century and the commercial factors which determined Britain's reaction to the founding of the European Community. The collection draws on distinguished scholars, whose work together offers an important contribution to our understanding of Britain's economic development during this pivotal period and to the wider debate on the relationship between trade and economic growth.

Governments worldwide are seeking to liberalize agricultural trade, and to change their role from one of controlling trade and prices. Instead these governments seek new roles in encouraging market developments, ensuring quality, and providing food security by giving income assistance rather than controlling food supplies. The issue of how this process is being managed in developing countries is the focus of this book. A series of case studies including India, Sri Lanka, Ghana, Zimbabwe, Kenya, and Ivory Coast highlights the individuality of approaches and the varying capability and will of governments to take on these new roles.

The Post-Uruguay Round era has seen a proliferation of regional preferential trade agreements (PTAs), as well as progressive multilateral trade liberalization initiatives. This has stimulated theoretical discussion on whether the policy of pursuing PTAs will have a malign or a benign impact on multilateralism. In the former case, proliferation of PTAs may increase protection in global trade due to trade diversion effects, thereby creating impediments to the multilateral freeing of global trade. In the latter case, the expansion of PTA membership could ultimately lead to non-discriminatory global free trade. At the core of this discussion two issues are at stage: what determines the expansion of PTA membership and how to bring order into the architecture of the world trading system. While those questions are mainly studied from a specialist perspective in the literature, this volume offers a comprehensive view on this topic. In Multilateralism and Regionalism in the Post-Uruguay Round Era: What Role for the EU? international experts: Explain the reasons for the concurrent appearance of regionalism and multilateralism in the Post-Uruguay Round era; Shed light on the motives of both the two economic superpowers (the United States and the EU) and the developing countries for pursuing PTAs; Confront growing preferential regionalism with the academic consensus on the superiority of multilateralism; Discuss the future of the PTAs; Assess the access of the EU market for the products of LDCs; Offer a better understanding of the experience of African, Latin American and Asian countries concerning access to the EU market for their products; and Discuss the possibilities of disciplining the PTAroute towards global free trade within the WTO framework.

This book helps readers understand the concepts of marketed and marketable surplus, as well as the role of the government and marketing agencies, including those in the private sector, in improving market efficiency. It also examines the impact of various socioeconomic, technological, institutional, infrastructure, and price factors on the marketed surplus of major crops. While Indian agriculture has become increasingly market-oriented and monetized, the importance of market orientation of agriculture is also being recognized at the international level. The proportion of agricultural production that is marketed by farmers has increased significantly over the last few decades in India: in the early 1950s, about 30-35 per cent of food grains output was marketed, which has now increased to more than 70 per cent. In this context, the marketed surplus is proportionately higher in the case of commercial crops than subsistence crops. Recognizing its importance, the Government of India initiated a nation-wide survey to estimate marketable surplus and post-harvest losses in the early 1970s, which continued up to the late 1990s. As Indian agriculture, has undergone significant transformation, and no reliable estimates of marketed and marketable surplus are available, the study was conducted to estimate the marketed and marketable surplus of major food crops in leading producing states, and to examine important factors which determine the level of marketed surplus for various categories of farms. The results of this study offer a valuable resource for designing effective food procurement, distribution and price policies. Further, they provide reliable estimates of household farm retention pattern for self-consumption, seed, feed, wages and other payments in kind, which can be used as the basis for planning infrastructure development of storage and distribution. This essential information can help policy-makers determine how much marketed surplus is generated by the different categories of farmers and how marketable surplus would respond to changes in diverse economic and non-economic variables, allowing them to design policies accordingly.

This book analyses India's trade policy evolution in the last two decades in the broad context of trends and patterns in global trade and in particular, with reference to the emergence of global value chains (GVCs). Through an in-depth analysis of its trade policy evolution in the 2000s, the author explains India's limited share of global merchandise trade, especially manufacturing trade and relatively low GVC integration. The book discusses India's trade policy, pattern and global trade participation not just in the comparative context of China as is true of most analyses relating to the Indian economy, economic reforms and trade liberalization in India but also in the context of regional economies like Vietnam, Thailand, Malaysia, Bangladesh and other emerging market economies (EMEs) that have successfully integrated with GVCs/ RVCs in the period under reference. Progress and nature of India's value chain participation relative to other economies has been evaluated in this context. The book further examines policy developments with respect to traditional trade measures like tariffs and export schemes, trade and GVC related policies in special economic zones (SEZs) as well as GVC-facilitating policy instruments such as regional/ free trading agreements (RTAs/FTAs) and investment treaties. Three sectoral case studies - automobiles, textiles and apparel and electronics - are presented to examine India's participation in these dynamic GVC intensive sectors. An important study of one of the fastest growing economies in the world for almost two decades, this book will be of substantial interest to academics and policymakers in the fields of Economics, International Economics, Foreign Policy, Economic Relations, Economic Diplomacy, Indian- Southeast/East Asian Economics.

This book brings together leading economists to analyze present economic issues and further debate on the need for sound economic policies to avoid a crash on a global scale. Subjects covered include: the US twin deficit, Western European economic integration, Eastern Europe's transition towards a market economy, the debt burden of the less developed countries, the growing and deepening discrimination against the rest of the world by new homogeneous areas such as the North America free trade area, and the new Europe and Japan. These are the issues at the head of global disequilibrium in the world economy.

How globalized information networks can be used for strategic advantage.Until recently, globalization was viewed, on balance, as an inherently good thing that would benefit people and societies nearly everywhere. Now there is growing concern that some countries will use their position in globalized networks to gain undue influence over other societies through their dominance of information and financial networks, a concept known as 'weaponized interdependence'. In exploring the conditions under which China, Russia, and the United States might be expected to weaponize control of information and manipulate the global economy, the contributors to this volume challenge scholars and practitioners to think differently about foreign economic policy, national security, and statecraft for the twenty-first century. The book addresses such questions as: What areas of the global economy are most vulnerable to unilateral control of information and financial networks? How sustainable is the use of weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations?

This EYIEL Special Issue is devoted to the European Union's Trade Defence Instruments (TDIs). The recent legislative changes at the EU level are indicative of global policy trends and legal challenges surrounding trade remedies law. Although TDI measures have always been a fiercely debated topic in international economic law, they have received increased attention in recent years. This book offers a comprehensive and insightful legal analysis of the recent legislative changes at the EU level and investigates TDIs in the context of regional trade relationships, including the United Kingdom in post-Brexit times. Beyond the EU, it examines the national trade defence law frameworks of important trading partners such as Switzerland, the United States, China and Vietnam.The selected contributions in this edited volume examine the recent trends in trade defence law from a legal and practical perspective and offer analytical insights from EU officials, legal practitioners and leading academics. A unique collection of essays in a changed global framework, this EYIEL Special Issue provides an up-to-date overview of the state of play of trade defence in the EU and around the globe.

The 1970s and 1980s saw a radical expansion of manufacturing from developing countries, triggering off a new type of trade conflict in world trade. The response of industrial countries has been multi-fold, ranging from protection in sensitive industries to preference. This book takes stock, and evaluates the trade policy measures of Japan, USA and the EC, towards developing countries, with a realistic, "non-dependency" approach. Other works by Ippei Yamazawa include "Economic Development and International Trade: The Japanese Model", "Review of Pacific Co-operation Activities", "The Australian-Japan Relationship Toward the Year 2000" (with Peter D. Drysdale et al) and "The Economic Development of Japan and Korea: A Parallel with Lessons" (co-edited with C.H. Lee).

Africa is endowed with commercially viable quantities of several minerals and metals, and, more than ever before, African countries wish to harness their mineral resources for their economic development. The African mining sector has witnessed a revolution in terms of new mining codes and amendments to extant mining codes, which are designed to achieve a multitude of objectives, including the assertion of greater control over exploitation of mineral resources; optimization of resource royalties and taxes; promotion of equity participation in mining projects; enhancement of indigenization in the form of domestic participation in mineral production and local content requirements; value addition and beneficiation in terms of domestic processing of raw mineral ores and metals in Africa; and the promotion of sustainable practices in the mining sector. This book analyzes the legal and fiscal frameworks for hard-rock mining in several African countries including Botswana, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Namibia, Nigeria, Liberia, Tanzania, Sierra Leone, South Africa, South Sudan, Zambia, and Zimbabwe, with reference to other resource-rich countries. It engages in a comparative analysis of mining statutes in Africa with regard to topics such as the acquisition of mineral rights; types of mineral rights; the nature of mineral rights; the rights and obligations of mineral right holders; security of mineral tenure; surface rights; fiscal regimes including royalty and tax regimes; resource nationalism in the mining sector; management and utilization of mining revenues including benefit-sharing arrangements between mining companies and host communities; environmental stewardship; and sustainable exploitation of mineral resources.

This book, written by global experts, provides a comprehensive and topical analysis on the economics of chocolate. While the main approach is economic analysis, there are important contributions from other disciplines, including psychology, history, government, nutrition, and geography. The chapters are organized around several themes, including the history of cocoa and chocolate - from cocoa drinks in the Maya empire to the growing sales of Belgian chocolates in China; how governments have used cocoa and chocolate as a source of tax revenue and have regulated chocolate (and defined it by law) to protect consumers' health from fraud and industries from competition; how the poor cocoa producers in developing countries are linked through trade and multinational companies with rich consumers in industrialized countries; and how the rise of consumption in emerging markets (China, India, and Africa) is causing a major boom in global demand and prices, and a potential shortage of the world's chocolate.

After an exploration of the experience gained by former central and eastern European countries in the General Agreement on Tariffs and Trade, Peter Naray gives an analysis of the Russian economic and social crisis and comes to the conclusion that this crisis is responsible for the delay of Russia's accession to the World Trade Organization (WTO). The author criticizes the approach taken in Russian reforms because the country's historical legacy (weak legal system, underdeveloped political and economic institutions etc.) was neglected. The book describes the steps made by Russia towards WTO membership underlining the present and expected difficulties. It warns against a fundamentalist approach by the members of the WTO that may result in Russia's isolation in political and economic matters that would represent a danger to the whole world.

The theoretical claims for eco-tariffs are rigorously analyzed within a unified framework formed of an international trade model enriched with both a domestic and a global externality. During the course of the analysis the model is modified to analyze an array of contexts for which eco-tariffs have been claimed to improve environmental quality or welfare. The circumstances and conditions are characterised under which such tariffs can be shown to improve environmental quality and social welfare, taking account of general equilibrium effects. The theoretical results are applied in a policy analysis of eco-tariffs and other trade instruments in the context of domestic and global environmental policy in order to assess the relevance of the eco-tariffs that have been subjected to the theoretical analysis. Finally, the GATT/WTO rules and regulations are presented, since to date these have banned the use of eco-tariffs. The rules and regulations are mapped against the theoretical results to show which rules ought to be changed.

A selection of cases decided by ICC arbitrators during the period 1991-1995. It reproduces case notes including extracts of awards in their original language with a commentary, as well as three indexes - an analytical and chronological one, and a keyword index in English and French - for easy reference. This reference should be of value to all interested in ICC arbitration procedure and ICC awards applying the various laws of a variety of trading nations.

Trade in temperate zone farm products between the developed countries has been beset with problems since the GATT's inception in 1947. The basic problem was always that the conditions in world agricultural markets were distorted by the national agricultural policies followed by all developed countries - policies which national authorities were reluctant to adapt to conform with the requirements of a liberal international trading system for agricultural products. This book describes and analyses the attempts that were made to make trade in agriculture less distorted, more stable and predictable, and less of a dangerous source of political friction between nations, in successive rounds of negotiations under the General Agreement on Tariffs and Trade in the 45-year period from GATT's inception in 1947 to the end of the Uruguay Round in 1993. While the book analyses the development of international trade policy throughut the post-war period, particular attention is given to the Kennedy, Tokyo and Uruguay Rounds of GATT negotiations in which the problems of trade in agricultural products were confronted.

In 1573, 712 bales of Chinese silk arrived in New Spain in the cargos of two Manila galleons. The emergence and the subsequent rapid development of this trans-Pacific silk trade reflected the final formation of the global circulation network. The first book-length English-language study focusing on the early modern export of Chinese silk to New Spain from the sixteenth to the seventeenth century, An Object of Seduction compares and contrasts the two regions from perspectives of the sericulture development, the widespread circulation of silk fashion, and the government attempts at regulating the use of silk. Xiaolin Duan argues that the increasing demand for silk on the worldwide market on the one hand contributed to the parallel development of silk fashion and sericulture in China and New Spain, and on the other hand created conflicts on imperial regulations about foreign trade and hierarchical systems. Incorporating evidence from local gazetteers, correspondence, manual books, illustrated treatises, and miscellanies, An Object of Seduction explores how the growing desire for and production of raw silk and silk textiles empowered individuals and societies to claim and redefine their positions in changing time and space, thus breaking away from the traditional state control.

This tale starts in 1830 on the West Coast of Africa during the latter days of the slave trade when "palm oil ruffians" began trading in the swamps of the Niger delta, bartering their coloured beads and cases of gin for the golden oil and ivory which, if they did not die first from black water fever, malaria or dysentery, would make them rich.
This book is about their struggles in the area now known as Nigeria that led to the formation of the Royal Niger Company Chartered and Limited with its private army in 1886, the takeover of the Company by Lever Brothers Ltd in 1920 and its amalgamation in 1929 with its rival, the African and Eastern Trade Co-operation to form the United Africa Company, which then became the largest trading organization of its type in West Africa, if not in the world.
Obviously, the old trading methods of Nigeria had to give way eventually, not only to more modern techniques, but also to the pressures of national independence, and so the book is finished by recording the affairs of the latter day agents and managers as they diversified the Company's activities and restructured its establishment until by 1971, when the book ends, it had been able to sell off its large river fleet, which had been for so long the backbone of its enterprise in Nigeria, but was now redundant, and yet still remain the leading commercial conglomerate in both Nigeria and West Africa.

In this essential two-volume collection, the editors include key papers on the domestic and global challenges of WTO accession. The first volume explores the intertwined economic, legal, and political dimensions of the process. The second volume explores country case studies and sector-specific issues such as agriculture, services and intellectual property. This comprehensive anthology is an invaluable reference source for scholars and practitioners grappling with the increasing complexity of WTO accession.

Maswood examines the trade and regulatory structures that inhibit the capacity of developing countries to improve their economic conditions. In particular, the book looks at institutional structures of the WTO and examines the Doha Round negotiations to assess their success for developing countries. Developing countries have heightened expectations that these first WTO trade negotiations will deliver improved outcomes in their interest, and the book looks at difficulties in the negotiating process and prospects for globlal multilateralism.

Globalization means that today, more than ever before, growth in developing countries and the reduction of poverty depend on world trade and a well functioning trading system. This volume reviews developing countries' trade policies and institutions, and the challenges they face in the World Trade Organization—where the rules that govern the international trading system are set.

Since 1925, import substitution programs have diverted South Africa's mineral revenues away from efficient investments and into the creation of an uncompetitive manufacturing sector. Protection has recently been augmented by a General Export Incentive Scheme that was designed to increase manufacturing exports. A multisector general equilibrium analysis shows the export scheme is highly complex with unusual and undesirable structural effects, seeming little more than a continuation of social engineering of the past. This work provides a definitive analysis of past and present South African trade policy, using a methodology of interest to other trade and development researchers operating in similarly spare informational environments.

The most important dimension of globalization in the last thirty years and especially since 2000 has been the dramatic increase of developing country participation in world trade and the emergence of a number of powers such as Brazil, China and India that are playing an important role in the global economy and in the WTO. But many other developing countries continue to struggle to transform their economies, handicapped by institutional constraints and protection against their exports both in developed and developing country markets. This volume examines the main factors for developing country trade performance in the last thirty years, their own trade policies, market access issues they face, and their increasingly more effective participation in the WTO and the Doha Round of multilateral trade negotiations. The last part addresses the future role of the WTO in the international trade system in connection with the challenges it faces from the multitude of preferential trade agreements such as the Transatlantic Trade and Investment Partnership between the US and the EU; and recommends an action program for the more effective participation of developing countries in the world trade.

This book examines an event that never happened - a trade war between the US and the EC in respect of the civil aircraft builder, Airbus Industrie. By understanding this trade dispute, the author casts light on broader issues of international cooperation by focusing on the bilateral trade negotiations that took place between 1979 and 1992. He considers that role played by aerospace firms, the GATT and the transatlantic alliance in shaping this cooperative outcome.

Winner of the 2021 Lionel Gelber Prize: A provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers "The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong . . . Worth reading for their insights into the history of trade and finance."-George Melloan, Wall Street Journal "This is a very important book."-Martin Wolf, Financial Times Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace-and what we can do about it. Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award and named a Best Business Book of 2020 by Strategy + Business