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Books > Business & Economics > Economics > International economics > International trade > Trade agreements & tariffs
Globalization, Trade, and Economic Development: The CARIFORUM-EU
Economic Partnership Agreement is the most in-depth study of the
economic partnership between the European Union and the fifteen
Caribbean developing countries that make up CARIFORUM. The
CARIFORUM-EU Economic Partnership Agreement (EPA) is the first
trade agreement of its kind, as it is a new type of WTO-compatible
trade agreement between a group of developed countries and a group
of developing countries. As a principal negotiator for CARIFORUM,
Richard L. Bernal is uniquely qualified to provide a unique
perspective on trade and economic development in the midst of
globalization. In this book, he comprehensively explores the
components of the EPA from all angles, explains how the agreement
provides opportunities to strengthen and accelerate economic
development, and outlines the policies which can allow the
CARIFORUM countries to seize these opportunities. Bernal's
explanation of the institutional arrangements for the conduct of
the negotiations by CARIFORUM is invaluable to governments and
regional organizations in developing countries for coordinating
groups to advance common and joint positions in international
negotiations.
The global implications of China's rise as a global actorIn 2005, a
senior official in the George W. Bush administration expressed the
hope that China would emerge as a "responsible stakeholder" on the
world stage. A dozen years later, the Trump administration
dramatically shifted course, instead calling China a "strategic
competitor" whose actions routinely threaten U.S. interests. Both
assessments reflected an underlying truth: China is no longer just
a "rising" power. It has emerged as a truly global actor, both
economically and militarily. Every day its actions affect nearly
every region and every major issue, from climate change to trade,
from conflict in troubled lands to competition over rules that will
govern the uses of emerging technologies. To better address the
implications of China's new status, both for American policy and
for the broader international order, Brookings scholars conducted
research over the past two years, culminating in a project: Global
China: Assessing China's Growing Role in the World. The project is
intended to furnish policy makers and the public with hard facts
and deep insights for understanding China's regional and global
ambitions. The initiative draws not only on Brookings's deep bench
of China and East Asia experts, but also on the tremendous breadth
of the institution's security, strategy, regional studies,
technological, and economic development experts. Areas of focus
include the evolution of China's domestic institutions; great power
relations; the emergence of critical technologies; Asian security;
China's influence in key regions beyond Asia; and China's impact on
global governance and norms. Global China: Assessing China's
Growing Role in the World provides the most current, broad-scope,
and fact-based assessment of the implications of China's rise for
the United States and the rest of the world.
Oil palms are ubiquitous--grown in nearly every tropical country,
they supply the world with more edible fat than any other plant and
play a role in scores of packaged products, from lipstick and soap
to margarine and cookies. And as Jonathan E. Robins shows, sweeping
social transformations carried the plant around the planet. First
brought to the global stage in the holds of slave ships, palm oil
became a quintessential commodity in the Industrial Revolution.
Imperialists hungry for cheap fat subjugated Africa's oil palm
landscapes and the people who worked them. In the twentieth
century, the World Bank promulgated oil palm agriculture as a
panacea to rural development in Southeast Asia. As plantation
companies tore into rainforests, evicting farmers in the name of
progress, the oil palm continued its rise to dominance, sparking
new controversies over trade, land and labor rights, human health,
and the environment. By telling the story of the oil palm across
multiple centuries and continents, Robins demonstrates how the
fruits of an African palm tree became a key commodity in the story
of global capitalism, beginning in the eras of slavery and
imperialism, persisting through decolonization, and stretching to
the present day.
From cooperation to a new cold war: is this the future for today's
two great powers?. U.S. policy toward China is at an inflection
point. For more than a generation, since the 1970s, a
near-consensus view in the United States supported engagement with
China, with the aim of integrating China into the U.S.-led
international order. By the latter part of the 2010s, that
consensus had collapsed as a much more powerful and increasingly
assertive China was seen as a strategic rival to theUnited States.
How the two countries tackle issues affecting the most important
bilateral relationship in the world will significantly shape
overall international relations for years to come.In this timely
book, leading scholars of U.S.-China relations and China's foreign
policy address recent changes in American assessments of China's
capabilities and intentions and consider potential risks to
international security, the significance of a shifting
international distribution of power, problems of misperception, and
the risk of conflicts. China's military modernization, its
advancing technology, and its Belt and Road Initiative, as well as
regional concerns, such as the South China Sea disputes, relations
with Japan, and tensions on the Korean Peninsula, receive special
focus.
How multinationals contribute, or don't, to global
prosperity.Globalization and multinational corporations have long
seemed partners in the enterprise of economic growth:
globalization-led prosperity was the goal, and giant corporations
spanning the globe would help achieve it. In recent years, however,
the notion that all economies, both developed and developing, can
prosper from globalization has been called into question by
political figures and has fueled a populist backlash around the
world against globalization and the corporations that made it
possible. In an effort to elevate the sometimes contentious public
debate over the conduct and operation of multinational
corporations, this edited volume examines key questions about their
role, both in their home countries and in the rest of the world
where they do business. Is their multinational nature an essential
driver of their profits? Do U.S. and European multinationals
contribute to home country employment? Do multinational firms
exploit foreign workers? How do multinationals influence foreign
policy? How will the rise of the digital economy and digital trade
in services affect multinationals? In addressing these and similar
questions, the book also examines the role that multinational
corporations play in the outcomes that policymakers care about
most: economic growth, jobs, inequality, and tax fairness.
A ground-breaking account of British and French efforts to channel
their eighteenth-century geopolitical rivalry into peaceful
commercial competition Britain and France waged war eight times in
the century following the Glorious Revolution, a mutual antagonism
long regarded as a "Second Hundred Years' War." Yet officials on
both sides also initiated ententes, free trade schemes, and
colonial bargains intended to avert future conflict. What drove
this quest for a more peaceful order? In this highly original
account, John Shovlin reveals the extent to which Britain and
France sought to divert their rivalry away from war and into
commercial competition. The two powers worked to end future
conflict over trade in Spanish America, the Caribbean, and India,
and imagined forms of empire-building that would be more
collaborative than competitive. They negotiated to cut
cross-channel tariffs, recognizing that free trade could foster
national power while muting enmity. This account shows that
eighteenth-century capitalism drove not only repeated wars and
overseas imperialism but spurred political leaders to strive for
global stability.
The transformation of the BRIC acronym from an investment term into
a household name of international politics and into a
semi-institutionalized political outfit (called BRICS, with a
capital 'S'), is one of the defining developments in international
politics in the past decades. While the concept is now commonly
used in the general public debate and international media, there
has not yet been a comprehensive and scholarly analysis of the
history of the BRICS term. The BRICS and the Future of Global
Order, Second Edition offers a definitive reference history of the
BRICS as a term and as an institution-a chronological narrative and
analytical account of the BRICS concept from its inception in 2001
to the political grouping it is today. In addition, it analyzes
what the rise of powers like Brazil, Russia, India, China, and
South Africa means for the future of global order. Will the BRICS
countries seek to establish a parallel system with its own
distinctive set of rules, institutions, and currencies of power,
rejecting key tenets of liberal internationalism, are will they
seek to embrace the rules and norms that define today's Western-led
order?
Trade, especially international trade, is an important component of
business that can be instrumental to the prosperity of a country or
region. The various economic expansions into the South American
region, in particular, have become increasingly scrutinized for
their industrial and capital policies and how they impact the local
communities as a whole. Open and Innovative Trade Opportunities for
Latin America and the Caribbean is a collection of innovative
research on the methods and applications of international trade
relations within Latin American countries. While highlighting
topics including international relations, local governance, and
global economics, this book is ideally designed for entrepreneurs,
government officials, business owners, researchers, policymakers,
academicians, students, and international business professionals.
The world's governing structures are higgledy-piggledy: disorderly,
heads and tails in any or every direction. Such disorder fosters
deficient governance. Decisions by noncooperating nations can
generate damaging crossborder outcomes. Muddles destabilize mutual
well-being.Public debate is often mired in superficial arguments
about "globalization." This insightful book by economist Ralph C.
Bryant instead emphasizes that the world's nations need to craft
better middle-ground compromises to improve governance and manage
increasing integration. Individual nations, Bryant argues, should
fashion a balance between local autonomy and external openness,
avoiding the extremes of rigid localism and unfettered openness.
And nations need to act together collectively. Cooperative
governance can encourage orderliness that mitigates disarray
undermining mutual goals. The global challenge of the coronavirus
pandemic is a vivid reminderthat international cooperation is
becoming progressively more essential. Do nations and their leaders
have sufficient foresight to use borders not as barriers but as
catalysts for international cooperation? Could national migration
policies find sustainable middle ground between the unrealistic
extreme of unfettered freedom for people to cross borders and the
inhumane exclusion of foreign refugees? Could augmented
cross-border cooperation mitigate dangers from recurring financial
instability? Could the world community foster collective actions to
reduce the severe risks of global climate change? The answer to
such questions can and should be yes. Wiser cross-border collective
action nurtures a mutually supportive order offsetting the threats
of disorder that may otherwise prevail. A healthy evolution of our
planet requires requires! more orderly national governance and more
ambitious cross-border cooperation.
Japan's challenges and opportunities in a new era of uncertainty.
Henry Kissinger wrote a few years ago that Japan has been for seven
decades "an important anchor of Asian stability and global peace
and prosperity." However, Japan has only played this anchoring role
within an American-led liberal international order built from the
ashes of World War II. Now that order itself is under siege, not
just from illiberal forces such as China and Russia but from its
very core, the United States under Donald Trump. The already
evident damage to that order, and even its possible collapse, pose
particular challenges for Japan, as explored in this book. Noted
experts survey the difficult position that Japan finds itself in,
both abroad and at home. The weakening of the rules-based order
threatens the very basis of Japan's trade-based prosperity, with
the unreliability of U.S. protection leaving Japan vulnerable to an
economic and technological superpower in China and at heightened
risk from a nuclear North Korea. Japan's response to such
challenges are complicated by controversies over constitutional
revision and the dark aspects of its history that remain a source
of tension with its neighbors. The absence of virulent strains of
populism have helped to provide Japan with a stable platform from
which to pursue its international agenda. Yet with a rapidly aging
population, widening intergenerational inequality, and high levels
of public debt, the sources of Japan's stability its welfare state
and immigration policies are becoming increasingly difficult to
sustain. Each of the book's chapters is written by a specialist in
the field, and the book benefits from interviews with more than 40
Japanese policymakers and experts, as well as a public opinion
survey. The book outlines today's challenges to the liberal
international order, proposes a role for Japan to uphold, reform
and shape the order, and examines Japan's assets as well as
constraints as it seeks to play the role of a proactive stabilizer
in the Asia-Pacific.
North American Society for Oceanic History John Lyman Book Award in
United States Maritime History Passamaquoddy Bay lies between Maine
and New Brunswick at the mouth of the St. Croix River. Most of it
(including Campobello Island) is within Canada, but the Maine town
of Lubec lies at the bay's entrance. Rich in beaver pelts, fish,
and timber, the area was a famous smuggling center after the
American Revolution. Joshua Smith examines the reasons for
smuggling in this area and how three conflicts in early republic
history the 1809 Flour War, the War of 1812, and the 1820 Plaster
War reveal smuggling's relationship to crime, borderlands, and the
transition from mercantilism to capitalism. Smith astutely
interprets smuggling as created and provoked by government efforts
to maintain and regulate borders. In 1793 British and American
negotiators framed a vague new boundary meant to demarcate the
lingering British empire in North America (Canada) from the new
American Republic. Officials insisted that an abstract line now
divided local peoples on either side of Passamaquoddy Bay. Merely
by persisting in trade across the newly demarcated national
boundary, people violated the new laws. As smugglers, they defied
both the British and American efforts to restrict and regulate
commerce. Consequently, local resistance and national authorities
engaged in a continuous battle for four decades. Smith treats the
Passamaquoddy Bay smuggling as more than a local episode of
antiquarian interest. Indeed, he crafts a local case study to
illuminate a widespread phenomenon in early modern Europe and the
Americas. A volume in the series New Perspectives on Maritime
History and Nautical Archaeology, edited by James C. Bradford and
Gene Allen Smith
The Polar North is known to be home to large gas and oil reserves
and its positionholds signifi cant trading and military advantages,
yet the maritime boundaries of the region remain ill-defined. In
the twenty-first century the Arctic is undergoing profound change.
As the sea ice melts, a result of accelerating climate change,
global governance has become vital. In this first of three volumes,
the latest research and analysis from the Fridtjof Nansen
Institute, the world's leading Arctic research body, is brought
together. Arctic Governance: Law and Politics investigates the
legal and political order of the Polar North, focusing on
governance structures and the Law of the Sea. Are the current
mechanisms at work effective? Are the Arctic states' interests
really clashing, or is the atmosphere of a more cooperative nature?
Skilfully delineating policy in the region and analysing the
consequences of treaty agreements, Arctic Governance's uncovering
of a rather orderly 'Arctic race' will become an indispensable
contribution to contemporary International Relations concerning the
Polar North.
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.
This book examines Sino-Middle Eastern relations on a bilateral
level since World War II. It highlights the depth of China's
involvement in the region with each country on a five dimensional
approach: energy security, trade relations, political relations,
arms sales/security cooperation, and cultural relations. Regarding
each of these criteria, the Middle East holds 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 Middle Eastern political scene. It has
supported the region's quest for independence and national
liberation, exchanged diplomatic recognition with the region and
established political partnerships with the Middle East. Trade
relations are an essential element of China's involvement in the
Middle East. Their bilateral trade volume exceeds $220 billion
annually, and is steadily heading toward $500 billion by the end of
2015. The Middle East supplies fifty-four percent of China's energy
needs, and is expected to provide seventy percent of China's
imports by 2020. Energy security has become the core of Sino-Middle
Eastern relations and the main goal of its increasing involvement
in the region. China has also become a main source of arms sales to
the region. The Middle East influenced Chinese culture and language
immensely, simultaneously, influenced by Chinese culture,
traditions and customs. Apparently, the peoples of the Middle East
are enthusiastic about China's role in the region. However, the
American so called "pivoting out" and China's imminent "pivoting
in" brings tremendous levels of anxiety in the region. A similar
situation occurred a century ago, when the people of the region,
the social and political movements in the Middle East, and the
governments of the region, solicited and welcomed the American
involvement in the region, something they deeply resent and regret.
China seems to be going through the same path, and the people of
the region have begun to scrutinize its presence. If Beijing
continues its inconsistent policy in the region, its injudicious
support to autocracies, it will defiantly mobilize popular
resentment against its involvement in the Middle East. Therefore,
its presence might not endure in comparison to the American,
British, or French presence in the Middle East.
In the Bretton Woods era, trade liberalization, the improvement of
labour rights and working conditions, and the strengthening of
environmental policies, were seen as mutually supportive. But is
this always true? Can we continue to pretend to protect the rights
of workers and to improve environmental protection, particularly
through climate change mitigation strategies, within an agenda
focused on trade liberalization? Is it credible to pursue trade
policies that aim to expand the volumes of trade, without linking
such policies to labour and environmental standards, seen as
'non-trade' concerns? This book asks these questions, offering a
detailed analysis of whether linkage is desirable and legally
acceptable under the disciplines of the World Trade Organization
(WTO). It concludes that trade can work for sustainable
development, but only if we see it as a means for social and
environmental progress, including climate change mitigation, and if
we avoid fetichizing it as an end to be pursued for its own sake.
Over the last few decades there has been growing recognition of the
importance of a peaceful and stable South China Sea for
Indo-Pacific security and development, a recognition that has been
underlain, paradoxically, by the increasingly precarious situation
in this body of water that straddles critical shipping lanes from
the Indian to the Pacific Ocean. This book informs its readership
of the most recent developments in the South China Sea with
insightful and prescient analyses from both legal and international
relations perspectives. It delves into the policy perspectives and
deliberations of the various relevant regional and extra-regional
actors in the South China Sea dispute, the exercise of
international law in the context of the changing regional political
landscape, and the promise and pitfalls of past, current, and
potential initiatives to manage and settle the dispute. Written by
some of the most well-known scholars and knowledgeable insiders in
the fields South China Sea studies, the collection offers a wide
array of diverse views that should help enrich the ongoing global
discussion on conflict management and resolution in the South China
Sea.
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
In Power and Regionalism in Latin America: The Politics of
MERCOSUR, Laura Gomez-Mera examines the erratic patterns of
regional economic cooperation in the Southern Common Market
(MERCOSUR), a political-economic agreement among Argentina, Brazil,
Paraguay, Uruguay, and, recently, Venezuela that comprises the
world's fourth-largest regional trade bloc. Despite a promising
start in the early 1990s, MERCOSUR has had a tumultuous and
conflict-ridden history. Yet it has survived, expanding in
membership and institutional scope. What explains its survival,
given a seemingly contradictory mix of conflict and cooperation?
Through detailed empirical analyses of several key trade disputes
between the bloc's two main partners, Argentina and Brazil,
Gomez-Mera proposes an explanation that emphasizes the tension
between and interplay of two sets of factors: power asymmetries
within and beyond the region, and domestic-level politics. Member
states share a common interest in preserving MERCOSUR as a vehicle
for increasing the region's leverage in external negotiations.
Gomez-Mera argues that while external vulnerability and overlapping
power asymmetries have provided strong and consistent incentives
for regional cooperation in the Southern Cone, the impact of these
systemic forces on regional outcomes also has been crucially
mediated by domestic political dynamics in the bloc's two main
partners, Argentina and Brazil. Contrary to conventional wisdom,
however, the unequal distribution of power within the bloc has had
a positive effect on the sustainability of cooperation. Despite
Brazil's reluctance to adopt a more active leadership role in the
process of integration, its offensive strategic interests in the
region have contributed to the durability of institutionalized
collaboration. However, as Gomez-Mera demonstrates, the tension
between Brazil's global and regional power aspirations has also
added significantly to the bloc's ineffectiveness.
Economic motivations are generally the major driving force for the
formation of free trade agreements among countries, but there are
other reasons countries enter into FTAs, including political and
security factors. Trade agreements were also expected to improve
investor confidence, attract foreign investment, and create jobs.
Mexico may have other reasons for entering into FTAs, such as
expanding market access and decreasing its reliance on the United
States as an export market. This book provides an overview of the
North American Free Trade Agreement, the current functions of the
free trade agreement, and the effects of this agreement which have
affected both countries over the last five years.
From the former First Lady of Egypt, New York Times best-selling
author, crusader for women's rights, and widow of the slain Nobel
Peace Prize winner Anwar Sadat, comes a timely, clear-eyed
examination of the defining issues of the Middle East.
To access the additional resources mentioned in this book, Click
Here. Regional trade agreements (RTAs) are not new, but their
importance in global economics and politics has grown exponentially
in the past two decades. At the same time, RTAs have become
increasingly controversial as their number, scope, and
cross-cutting memberships become so complex that many fear they
will undermine the World Trade Organization's multilateral trading
system. Ranging from the Asia Pacific Economic Cooperation forum to
the European Union to the North American Free Trade Agreement, RTAs
have equally wide-ranging purposes, from improving market access to
increasing clout in international negotiations. Tackling this
complexity and confusion head on, this book provides a much-needed
guide to RTAs. Setting current regional agreements in their
economic, political, and historical context, David A. Lynch
describes and compares virtually every significant RTA, region by
region. He clearly explains their intricate inner workings, their
webs of collaboration and conflict, and their primary goals and
effectiveness. Lynch's deeply knowledgeable study bridges the
ideological divides in scholarly and public debate, including
economists' emphases on markets and efficiency versus
antiglobalization activists' concerns over inequality and social
ills. By building a middle ground between micro and macro analysis
and clarifying technical terminology, this concise and accessible
book will be an invaluable reference for all nonspecialists.
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