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Globalisation Under Threat - The Stability of Trade Policy and Multilateral Agreements (Hardcover)
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Globalisation Under Threat - The Stability of Trade Policy and Multilateral Agreements (Hardcover)
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The events in Seattle and other cities around the world demonstrate
that globalisation and trade liberalisation are currently under
severe pressure. There are also reasons to believe that these
pressures are being translated into measures to increase the
protection of domestic markets. This book addresses what are
arguably the four most important origins of these pressures:
macroeconomic conditions, labour policy, trade and the environment,
and market imperfections.The authors first address the role of
macroeconomic conditions and policies, and demonstrate how these
can have a crucial role in explaining 'slippages' of trade policy.
The second origin of instability is labour policy, in particular
the pressures to introduce universal labour standards. The third
economic origin the book considers is the relationship between
trade and the environment and the attempts to link trade policies
to environmental standards. The fourth origin of protectionist
pressure comes from the presence of various market imperfections
and the extent to which they affect competition. The authors
conclude that multilateral agreements can be extremely helpful in
creating the right environment for equitable trade policies, but
warn that complete success can only be achieved once major hurdles
are overcome in the highly controversial and politically sensitive
areas of labour, environment and competition. Offering a unique
perspective on the threat to globalisation, this book should be
widely read by students, practitioners and policymakers in the
spheres of international trade, transition and development studies,
and competition, labour and environmental economics.
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