All of the GCC countries-Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates-are undergoing historic socio-economic transitions. They are facing enormous strains on public finances and challenging economic outlooks, due to fluctuating oil prices, demographic pressures, high unemployment rates, and a lack of economic diversification. These countries also are likely to feel the rising impact of climate change, and global policies to deal with it, over the coming decades. In addition, seemingly unstoppable shifts in the long-standing international order, notably the rise of China and uncertainties about U.S. leadership, have potentially serious implications for the Middle East and beyond. This policy-oriented book of essays by noted scholars and experts considers the key trends shaping Gulf Cooperation Council (GCC) countries, ranging from the COVID-19 pandemic, to climate change, economic disruptions, demographics and other domestic concerns, and shifts in the global order. The book's chapters address such questions as: How will global megatrends impact the GCC? How can GCC states adjust and diversify their economies to meet the dual challenges of fluctuating oil prices and climate change? How can these states adjust their labor markets to absorb and support women and youth? How will inter GCC disagreements impact the region moving forward? And how will GCC relations with international actors shift in the coming years? This timely book, with its comprehensive analyses and policy recommendations, will be of interest to a wide range of readers interested in the GCC region, including policymakers, academics, and researchers at think tanks and nongovernmental organizations.

Renewed tensions between Russia and the West have fueled speculation that Moscow's apparent designs on the Arctic region could help stimulate a new cold war. Vladimir Putin's openly nationalistic ambitions, as demonstrated most vividly with his seizure of the Crimean Peninsula in 2014, might seem to justify such concerns. This book by a noted expert shifts the debate over Russia's strategy from what Moscow could do in the Arctic to the realities of what Putin's Russia likely will do. Buchanan challenges the widely held assumption that the Arctic is emerging as one of the most important strategic theaters in a potentially dangerous new cold war between Russia and the West. In fact, she explains that Putin's Arctic aspirations rely heavily upon continued international cooperation via commercial partnerships with Western energy firms and Eastern injections of capital-all of which could be at risk in a new cold war. Three main themes are intertwined throughout the book: Russian Arctic interests; Putin's vision to regain great power status; and the emerging narrative of a new cold war in the Arctic. Weaved together, they dovetail nicely to present a qualitative assessment of Russian Arctic strategy devoid of ideological biases. The unique departure for the book is that it makes the case that Russia's renewed great power ambitions under Putin are not the only explanation for Russian Arctic strategy. By exploring the broader context of Putin's actions, the book fills a gap in literature. It will be of interest both to specialists and to anyone interested in relations between Russia and the West as well as the numerous questions about how the Arctic region will be exploited-and who will do the exploiting.

This title comes at an important time in the development of Southern Africa's trade policy. Trade policy and trade performance are important elements in the region's growth and development strategies, but the future is becoming ever more uncertain. This is partly because regional trade policy is now almost entirely dictated by often-erratic trade negotiations processes: there is no clear unilateral thrust. Most agree that external influences in the form of economic partnership agreement (EPA) negotiations with the EU and the World Trade Organisation's floundering Doha Round have the potential to significantly alter the region's trade policy landscape, but few are willing to predict precisely how. Given South Africa's importance to its immediate subregion and the broader SADC region, it is incumbent upon all interested parties to better understand South Africa's shifting priorities and future policy thrusts, and what implications these might have for countries in the region. This title admirably delivers such insights in the trade policy field. Beginning with an authoritative overview of the political economy of trade and investment policy reform in developing countries since the 1980s, the title then delves into the South African experience post-1994, after which it analyses the potential implications for South Africa's customs union partners (Botswana, Lesotho, Namibia and Swaziland) of South Africa's trade and industrial policy choices. The title analysis of South Africa's contemporary debates over whether or not the country can or should attempt to become a 'stronger' developmental state are of particular interest, as the ruling African National Congress remains committed to such a path, however ill defined. The book also provides a fascinating overview of South Africa's trade policy reform experience of the late 1990s, identifying the drivers of the process, the reforms undertaken and the consequent real economy impacts. It argues strongly in favour of a return to focusing on greater unilateral trade policy reform in future, especially given the impotence of trade negotiations. Whether or not this will come about and what it might portend for the region remains extremely difficult to determine. The region requires the leadership of a South African economy committed to openness and increased trade. But can South Africa fulfil such a role over the next five years?

Transforming NATO: New Allies, Missions, and Capabilities, by Ivan Dinev Ivanov, examines the three dimensions of NATO's transformation since the end of the Cold War: the addition of a dozen new allies; the undertaking of new missions such as peacekeeping, crisis response, and stabilization; and the development of new capabilities to implement these missions. The book explains these processes through two mutually reinforcing frameworks: club goods theory and the concept of complementarities. NATO can be viewed as a diverse, heterogeneous club of nations providing collective defense to its members, who, in turn, combine their military resources in a way that enables them to optimize the Alliance's capabilities needed for overseas operations. Transforming NATO makes a number of theoretical contributions. First, it offers new insights into understanding how heterogeneous clubs operate. Second, it introduces a novel concept, that of complementarities. Finally, it re-evaluates the relevance of club goods theory as a framework for studying contemporary international security. These conceptual foundations apply to areas well beyond NATO. They provide useful insights into understanding the operation of transatlantic relations, alliance politics, and a broader set of international coalitions and partnerships. This update in April 2013 covers new developments related to NATO's transformation after this book was originally published: http://homepages.uc.edu/~ivanovid/pdfs/book_update.pdf

Ashworth traces the growth of customs and excise, and their integral role in shaping the framework of industrial England. He examines their influence on elements such as state power, technical advance, and the evolution of a consumer society. If there was a unique pathway of industrialization, it was less a distinct entrepreneurial and technocentric culture, than one predominantly defined within an institutional framework spearheaded by the excise and a wall of tariffs.

An all-inclusive, exhaustive evaluation of the foreign policy of the European Union.Ten years ago the 2009 Lisbon Treaty put into place the legal and structural foundations for the European Union to play a role as a global actor. In the decade since, the EU itself has undergone intense political and economic stress, from debt crises to the rise of nationalist parties and the strains of Brexit. What effect have these changes had on the EU's foreign policy and its role in the world? This new edition of The Foreign Policy of the European Union offers an up-to-date and comprehensive examination of that question. The globe-spanning contributions to the book include a look at relations between Brussels and its regional neighbors, including Russia; the tensions that have arisen with the United States during the Trump administration; and the burgeoning relationship with China. How the EU is dealing with issues such as migration, terrorism, trade, and security round out the volume.

A comprehensive, critical analysis of the interactions between investment, trade and the environment. It examines the consequences of existing multilateral investment and trade regimes, including the WTO and the MAI for the environment, and asks how they should be reformed to protect it. In doing so, the text shows how these regimes can be greened without erecting protectionist barriers to trade that frustrate the development aspirations of poorer countries. The solution seeks to offer a way out of one of the most difficult dilemmas in international policy: how investment and trade can protect the environment without encouraging protectionism by the industrialized world.

The North American Free Trade Agreement (NAFTA) broke new ground in such areas as investment regulation and intellectual property protection, and, for the first time, linked labor and environmental issues to international trade policy. Implementation of this agreement required the creation of several new institutions: some mandated by the treaty itself; others resulting from supplemental labor and environmental legislation; and a few created in response to increased economic activity among the members. This book provides, for the first time, an in-depth examination and analysis of the structure, functions, and performance of the NAFTA institutions from their inception to the present day.

This collection of essays provides the definitive survey of the importance of agricultural reform to the future of the world's trading system. There is growing consensus concerning the need to reduce the level of subsidies in agriculture and to open up the markets of the developed world more to the farmers of the developing world. However, while non-governmental organizations such as Oxfam may agree on this point with free trade economists, governments in Europe and the U.S. seem reluctant to give up their protectionist habits.

Africa welcomes business investment and offers some of the world's highest returns and impacts. Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.

The WTO has laid the foundations for a new era of trade relations, and increased trade liberalization has improved global efficiency in production and consumption. The strengthening of trade rules, however, has increased the scope for disputes over interpretations of more extensive and complicated agreements, and has spilt over into environmental and scientific matters. One of the unforeseen consequences of the WTO agreements has been controversy over risk. This volume explores aspects of risk with special reference to the WTO, where national instruments to reduce risk may conflict with international trade rules. The book is divided into sections dealing with: * accounting for risk in trade agreements * risk and the WTO * managing risk in policy making * negotiating experience with risk * national risks and quarantine standards * managing biotechnology. The chapters offer many perspectives on risk assessment and benefit from a rich diversity of approaches as befits contributions from authors with backgrounds in law, economics, political science and environmental and natural science as well as policy making. Globalization and the Environment is a fascinating book that will draw its readership from these fields.

The book provides a unique description of the former Soviet Union countries, their geopolitical situation, historical background and legal realities. It is one of the limited monographs that give insight into the work of Eurasian Economic Union, as well as other RTAs of this particular region. It is a valuable resource for every trade practitioner who would like to gain more insight about this region.

This publication contains the text of the WTO's founding agreement, the 1994 Marrakesh Agreement Establishing the World Trade Organization, and its Annexes, including all amendments and additions since its entry into force until September 2017. These include an amendment to the WTO's intellectual property agreement (TRIPS Agreement) aimed at improving developing countries' access to medicines, the WTO's Trade Facilitation Agreement, which entered into force in February 2017, an amendment adopted in July 2017 to extend the frequency of peer review periods under the Trade Policy Review Mechanism as of 2019, and the amended Government Procurement Agreement. This publication updates and replaces The Legal Texts: The Results of the Uruguay Round of Multilateral Trade Negotiations, which was first printed in 1994.

This book examines the various issues and concerns faced by Indian agriculture under the obligations of WTO and the Free Trade Agreements. While the issues discussed pertain mainly to India, the lessons can also be derived for many other similarly placed developing countries. The book delves into various aspects of Indian agricultural trade and evaluates the domestic policies and regulations of government while also looking at external factors like WTO, free trade agreements and non-tariff barriers. Chapters of this book have been contributed by eminent agricultural economists, lawyers and social scientists providing the perspective from their sector. This book highlights the challenges and opportunities for agriculture sector under the rapidly growing regional trade agreements and results of negotiations under the WTO. It also provides critical insights into the ongoing fisheries subsidies negotiations at the WTO and issues relating to non-tariff measures. The findings have broad implications for developing countries in general and India in particular. This book will greatly benefit trade negotiators, policymakers, civil society, farmer groups, researchers, students, and academics interested in issues related to the WTO, FTAs, tariff and non-tariff barriers and other allied issues concerning Indian agriculture. The techniques used in analytical part will mostly benefit the researchers as they can not only use these techniques and methodologies for their future research, but to also carry the research forward. The book is useful for many educational institutes which teach international trade, agricultural economics, and WTO and FTAs studies.

International Economics, 13th Edition provides students with a comprehensive, up-to-date review of the field's essential principles and theory. This comprehensive textbook explains the concepts necessary to understand, evaluate, and address the economic problems and issues the nations of the world are currently facing, and are likely to face in the future. Balancing depth and accessibility, the text helps students identify the real-world relevance of the material through extensive practical applications and examples. The new, thoroughly-updated and expanded edition provides students with a solid knowledgebase in international trade theory and policy, balance of payments, foreign exchange markets and exchange rates, open-economy macroeconomics, and the international monetary system. The text uniquely employs the same graphical and numerical model in chapters that cover the same basic concept, allowing students to recognize the relationship among the different topics without having to start with a new example each time. Clear, straightforward discussions of each key concept and theory are complemented by concrete, accessible, and relatable examples that serve to strengthen student comprehension and retention. Topics include the 'Great Recession, ' the increase in trade protectionism, excessive volatility and large misalignments of exchange rates, and the impacts of resource scarcity and climate change to continued growth and sustainable development.

Provides a roadmap for mature industrialized countries to contribute to and benefit from global trade on new terms. Global trade is heading toward chaos. Globalization has in part been a zero-sum game over the last 20 years, as China's middle and upper classes have grown sharply while Western economies have stagnated. Wealthy countries, most notably the United States and the United Kingdom, are now on the brink of abandoning free trade as it includes both the principles and the theories behind it because their economies cannot compete with those of China and some developing countries. Prevailing protectionist attitudes and policies are based on short-term thinking and will disappoint future generations. According to author David S. Jacoby, a "new multilateralism" can provide a way out of this impending disaster by preserving innovation and growth while also curbing the impact of countries that manipulate currency, disparage the environment, and violate human rights. Jacoby clearly explains how industrialized nations can compete on a basis of differentiated technology and innovation while letting developing countries compete on a basis of manufacturing, components, and materials and makes a strong case for why the West should recommit to global trade. Explains the reasons behind current populist trends around the world Identifies the challenges and failures of globalization Profiles countries that have developed under different trade frameworks Assesses models of isolationism and protectionism Delivers a policy prescription for a new global trade order

In the age of globalisation, goods, services, labour and capital are crossing international borders on a scale never before known. They are creating a nationless market. Governed by both the invisible hand of business and interest and the visible hand of authority and direction, a world market can be a free-for-all, but it can also be constrained by the national interest of countries that differ greatly in their social institutions and material circumstances. This book provides a lucid and comprehensive account of contemporary international political economy. Beginning with the ideological underpinnings, it examines the globalisation of trade in goods and services and labour and capital. It relates the free economic market to social consensus and political regulation, both within sovereign countries and at the supra-national level. The book is comprehensive and interdisciplinary, incorporating philosophical, political, social and economic insights on an international scale and applying them directly to the ongoing phenomenon of globalisation. Topical and non-nation specific, it covers the WTO, EU, the transfer of technology, the multinational corporation, the exchange rate, free versus regulated trade, the status of agreements and blocs, as well as contemporary issues such as populism, xenophobia and rapid economic growth in both rich and poor nations. Accessible to specialists, students and the informed reader alike, State and Trade offers wide-ranging analysis of the politics of trade in goods and services, international investment and the migration of labour across the globe.

The volume explores a question that sheds light on the contested, but largely cooperative, nature of Arctic governance in the post-Cold War period: How does power matter -and how has it mattered - in shaping cross-border cooperation and diplomacy in the Arctic? The role of power in global governance cooperation has been explored in international relations and political geography literature, yet largely overlooked in an Arctic context. Through carefully selected case studies - from Russia's role in the Arctic Council to the diplomacy of indigenous peoples' organizations - this book seeks to shed light on how power performances are enacted to constantly shore up Arctic cooperation in key ways. The conceptually-driven nature of the inquiry makes the book appropriate reading for courses in international relations and political geography, while the carefully selected case studies lend themselves to courses on Arctic politics. -- .

This manuscript examines Sino-Middle Eastern relations on a bilateral level. It highlights the depth of China's involvement in Central Asia with each country on a five dimensional approach: security cooperation, energy security, trade relations, political relations, and cultural relations. Regarding each of these criteria, Central Asia enjoys a strategic significance to China's national security, vital interests, territorial integrity, sovereignty, regime survival, and economic prosperity. China has been an integral part of the political developments on the Central Asian political scene for over the past two millennia. Their bilateral ties grew steadily since the independence of Central Asian republics in 1992, culminating into strategic partnership two decades later. China and its partners in the region have embarked on the construction of the most ambitious gas pipelines network, joint ventures in oil upstreaming and downstreaming, mammoth highway and railroad projects, trade zones, construction projects, and above all, strategic security coordination in reference to unified and an integrated response to regional security threats. Both sides are also engaged in a process of revival of the Silk Road in terms of its cultural diversity and trade relations. Sino-Central Asian volume of trade reached $50 billion heading steadily toward $100 in the coming five years.

An authority on Asia and globalization identifies the challenges China's growing power poses and how it must be confronted "Timely and thought-provoking. . . . An unsparing analysis of how Washington's elite fell into the grip of their China delusion."-James Kynge, Financial Times "Prestowitz doesn't just point out problems; he offers a detailed, 25-page 'Plan for America.' An excellent comprehensive study from an expert on the subject."-Kirkus, Starred Review When China joined the World Trade Organization in 2001, most experts expected the WTO rules and procedures to liberalize China and make it "a responsible stakeholder in the liberal world order." But the experts made the wrong bet. China today is liberalizing neither economically nor politically but, if anything, becoming more authoritarian and mercantilist. In this book, notably free of partisan posturing and inflammatory rhetoric, renowned globalization and Asia expert Clyde Prestowitz describes the key challenges posed by China and the strategies America and the Free World must adopt to meet them. He argues that these must be more sophisticated and more comprehensive than a narrowly targeted trade war. Rather, he urges strategies that the United States and its allies can use unilaterally without contravening international or domestic law.

From the nation-building of Alexander Hamilton to the trade wars of Donald Trump, trade policy has been a key instrument of American power and wealth. The open trading system that the United States sponsored after the Second World War serves US interests by promoting cooperation and prosperity, but also allows the allies to become more independent and China to rise. The case studies in Trade and American Leadership examine how the value of preferential trade programs is undercut by the multilateral liberalization that the United States promoted for generations, and how trade sanctions tend either to be too economically costly to impose or too modest to matter. These problems are exacerbated by a domestic political system in which the gains from trade are unevenly distributed, power is fragmented, and strategies are easily undermined. Trade and American Leadership places special emphasis on today's challenges, and the rising danger of economic nationalism.

While large, multinational corporations have supported the removal of tariffs, behind the scenes these firms have fought for protection in the form of product regulations, including testing, labeling, and registration requirements. Unlike tariffs, these regulations can raise fixed costs, excluding smaller firms from the market and shifting profits toward global giants. Narrowing the Channel demonstrates that globalization and globalized firms can paradoxically hinder rather than foster economic cooperation as larger firms seek to protect their markets through often unnecessarily strict product regulations. To illustrate the problem of regulatory protectionism, Robert Gulotty offers an in-depth analysis of contemporary rulemaking in the United States and the European Union in the areas of health, safety, and environmental standards. He shows how large firms seek regulatory schemes that disproportionately disadvantage small firms. When multinationals are embedded in the local economy, governments too have an incentive to use these regulations to shift profits back home. Today, the key challenge to governing global trade is not how much trade occurs but who is allowed to participate, and this book shows that new rules will be needed to allow governments to widen the benefits of global commerce and avoid further inequality and market concentration.

The 2030 Agenda for Sustainable Development defines international trade as 'an engine for inclusive economic growth and poverty reduction, [that] contributes to the promotion of sustainable development'. In order to become a 'sustainable engine' one approach that seems to be increasingly used is to internalise social, economic and environmental concerns in international trade. This can be done by many different means and policy instruments and tools. This report focuses on a specific tool, namely Voluntary Sustainability Standards (VSS) which comprise of certification schemes, labeling programs and private standards. VSS aim to make global value chains - from producer to consumer - more sustainable, taking into account social and environmental requirements in the production process. VSS also often link developing countries (where many producers are based) to developed countries

The book provides an analytical overview of the World Trade Organisation's Anti-Dumping Agreement, as interpreted by WTO Panels and the Appellate Body. The Anti-Dumping Agreement is often perceived as being the most technical and controversial WTO agreement. While the basic concepts of dumping and resulting injury may appear deceptively simple, complex methodology related to the calculation of dumping and injury margins, as well as the very detailed procedural requirements that authorities need to comply with before taking anti-dumping action, make the Anti-Dumping Agreement difficult to apply and understand in practice. While the book of necessity goes into great detail about the intricacies of anti-dumping law and practice, it attempts to explain the various concepts in a relatively non-technical manner by means of simplified examples that are easy to grasp for experts and non-experts alike. The book also pays extensive attention to interpretations of the various provisions of the Anti-Dumping Agreement by WTO panels and the Appellate Body. There have been more WTO cases under the Anti-Dumping Agreement than under any other WTO Agreement, reflecting both the increased recourse to anti-dumping measures by WTO members all over the world and the complexity of abiding by the WTO rules. WTO Panels and the Appellate Body, called upon to review administrative determinations and aspects of national legislation, have done a remarkable job in interpreting the WTO rules. For WTO members, wishing to impose anti-dumping measures in a WTO-consistent manner, knowledge not only of the Agreement itself, but also of such interpretations, is therefore a must.

The TRIPS Agreement (for trade-related intellectual property rights) provides for the general protection of geographical indications (GIs) of product origin, including for example the special protection of wines and spirits and for the creation of a multilateral register for wines. The African Group of countries has been in the forefront of countries agitating in the World Trade Organization TRIPS Council for the extension of this special protection and of the multilateral register to industries which are of interest to developing countries, primarily agriculture. The so-called "extension question" is the central feature of the Doha Development Agenda at both the WTO and World Intellectual Property Organization. This book provides some empirical evidence and applied legal and economic reasoning to this debate. It provides both a general review of the key issues and a series of case studies from six Anglophone and four Francophone countries in Africa. These focus on major agricultural commodities such as coffee, cotton, cocoa and tea, as well as more specific and local products such as Argan oil and Oku white honey.