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Economic Diplomacy and the Geography of International Trade (Hardcover)
Loot Price: R3,061
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Economic Diplomacy and the Geography of International Trade (Hardcover)
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Globalization has increased both the heterogeneity and the stakes
of bilateral economic relationships. Drawing on recent
macroeconomic and microdata studies, Peter A.G. van Bergeijk
estimates the impact of market failures and related border effects,
exploring under which conditions these can be solved by state
visits, export promotion and embassies. The book presents an
overview of the general aspects of trade uncertainty, a central
element in the analysis of economic diplomacy, illustrating that
some instruments, such as sanctions (both positive and negative),
increase trade uncertainty, whilst others - multilateral trade
policy, for instance - aim to reduce this uncertainty. Commercial
policy and bilateral economic diplomacy are explored, and economic
sanctions analysed. An extensive review of the literature and
empirical investigations of 161 sanctions and the commercial
relationships of 37 countries provide topical and empirical
perspectives on how international diplomacy may both be a cost and
a benefit of the key drivers of productivity growth. Finally,
policy conclusions are drawn, and a future research agenda
presented. This timely, state-of-the-art treatment of economic
diplomacy will be of enormous interest to students, researchers,
and academics focussing on international political economy,
international economics and public policy. Policy makers will also
find much to engage them within this book.
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