|
Showing 1 - 16 of
16 matches in All Departments
The contributors to this book, from the US and Japan, explore the
main issues involved in the international trade, foreign direct
investment, and macro/financial relations of the United States and
Japan and provide guidance to policymakers for measures to help
overcome Japan's economic stagnation since the early 1990s.The book
is divided into three parts. Part I contains an empirical analysis
of trade diversion under the North American Free Trade Agreement
(NAFTA), a theoretical analysis of time in determining the
structure and effects of trade with an application to Japan, and an
empirical analysis of Japan's changing import behavior. Part II is
focused on foreign direct investment (FDI), trade, and the behavior
and structure of Japanese firms. Part III deals with
macro/financial issues of current interest and importance in Japan.
The analytical focus of the chapters is intended to enhance the
understanding of the issues addressed and to provide some guidance
to policymakers in the design of measures that will improve
economic efficiency and welfare and help to overcome the economic
stagnation that Japan has experienced in the past decade or more.
Economists, political scientists and policymakers will find the
analysis provided in this volume invaluable in understanding the
Japanese economy and economic relations between Japan and the
United States.
The steady progress of global economic integration and trade-policy
liberalization facilitated by the GATT and WTO over the past
half-century has been accompanied by persistent warnings of the
consequences for wages, employment and working conditions. Indeed,
over the last decade, labor interests in the west have sought to
slow the pace of international trade negotiations, seeking some
protections in the WTO Charter itself and in individual trade
agreements. The central focus of this collection is to provide the
reader access to the seminal papers analyzing the accommodation of
labor interests within the WTO. This comprehensive volume
establishes an understanding of the interaction between global
goods, capital and labor markets and the national government
institutions that regulate their function. In selecting papers for
this volume, the editors have identified the most important
contributions to the debate.
This distinctive book sets forth, on an advanced level, various
methods for the quantitative measurement of important relationships
at issue in areas of the balance of payments and international
trade and welfare. The results achieved in recent studies are
presented and the directions for new research are indicated. This
book is composed of two main parts.Part I deals with the balance of
payments and consists of the first half of the book. One of the
longest and almost important chapters of this part talks about, at
length the time-series analysis of the demand for imports and
exports from the point of view of an individual country. This
subject has a long and somewhat checkered history dating from the
1940's, when a number of estimates using least squares multiple
regression methods were made of import and export demand functions
for the interwar period. The noteworthy feature of many of these
estimates was that they suggested relatively low price elasticities
of demand in international trade. The implication was thus drawn
that the international price mechanism could not be relied on for
balance-of payments adjustment purposes.This book talks about the
topics of theory and measurement of the elasticity of substitution
in international trade, estimating the international capital
movements, and forecasting and policy analysis with econometric
models. Part II deals with international trade and welfare. While,
there are many other books dealing with trade theory, this title
focuses on a narrower range of topics that are not always mentioned
or understood by individuals, such as the theory and measurement of
trade dependence and interdependence, the analysis of the component
factors a country has that affects how its export growth is over
time, and the welfare effects of trade liberalizationThis book
serves as a guide and reference work for economics graduate
students, academicians, and practicing economists in private and
governmental circles. They will find this book a valuable and
highly useful.Edward E. Leamer is Chauncey J. Medberry Professor of
Management at the UCLA department of Economics. He is a research
associate at the National Bureau of Economic Research, a fellow at
the American Academy of Arts and Sciences and the Econometric
Society, and director of the UCLA Anderson Forecast. He has
published over 100 articles and 4 books.Robert M. Stern is
Professor emeritus of Economics and Public Policy at The University
of Michigan, Ann Arbor. He is the co-director of the Research
Seminar in International Economics at the Gerald R. Ford School of
Public Policy. He is also head of the Ford School International
Concentration and the Ford school program of research on U.S. Japan
international economic relations.
This distinctive book sets forth, on an advanced level, various
methods for the quantitative measurement of important relationships
at issue in areas of the balance of payments and international
trade and welfare. The results achieved in recent studies are
presented and the directions for new research are indicated. This
book is composed of two main parts. Part I deals with the balance
of payments and consists of the first half of the book. One of the
longest and almost important chapters of this part talks about, at
length the time-series analysis of the demand for imports and
exports from the point of view of an individual country. This
subject has a long and somewhat checkered history dating from the
1940's, when a number of estimates using least squares multiple
regression methods were made of import and export demand functions
for the interwar period. The noteworthy feature of many of these
estimates was that they suggested relatively low price elasticities
of demand in international trade. The implication was thus drawn
that the international price mechanism could not be relied on for
balance-of payments adjustment purposes. This book talks about the
topics of theory and measurement of the elasticity of substitution
in international trade, estimating the international capital
movements, and forecasting and policy analysis with econometric
models. Part II deals with international trade and welfare. While,
there are many other books dealing with trade theory, this title
focuses on a narrower range of topics that are not always mentioned
or understood by individuals, such as the theory and measurement of
trade dependence and interdependence, the analysis of the component
factors a country has that affects how its export growth is over
time, and the welfare effects of trade liberalization This book
serves as a guide and reference work for economics graduate
students, academicians, and practicing economists in private and
governmental circles. They will find this book a valuable and
highly useful. "Edward E. Leamer" is Chauncey J. Medberry Professor
of Management at the UCLA department of Economics. He is a research
associate at the National Bureau of Economic Research, a fellow at
the American Academy of Arts and Sciences and the Econometric
Society, and director of the UCLA Anderson Forecast. He has
published over 100 articles and 4 books. "Robert M. Stern" is
Professor emeritus of Economics and Public Policy at The University
of Michigan, Ann Arbor. He is the co-director of the Research
Seminar in International Economics at the Gerald R. Ford School of
Public Policy. He is also head of the Ford School International
Concentration and the Ford school program of research on U.S. Japan
international economic relations.
This collection of original essays focuses on issues of
international trade and trade policy in a world that is undergoing
structural adaptation and in the face of a serious increase in the
US trade deficit. They bring a new consolidation of analytical
perspective to a wide variety of current trade policy issues.In
their overview chapter, Alan V. Deardorff and Robert M. Stern
discuss developments in trade and protectionism, review the case
for free trade and address the arguments in favor of trade
intervention. Rudiger Dornbusch and Jeffrey Frankel analyze the
macroeconomic setting in which changes have been made in US tariffs
and NTBs.Stephen P. Magee and Leslie Young develop a model of
endogenous protection and use it to search for microeconomic and
macroeconomic variables that may help to explain changes in tariff
and nontariff protection in the US since 1900. Paul Krugman takes
up the question of identifying strategic sectors and the extent to
which international competition and national government policies
may affect the returns to such sectors under conditions of
imperfect competition or when externalities are present. Avinash
Dixit analyzes the responses that the US might make to other
countries' trade policies in terms of how these policies affect US
real national income and national security. He concludes that the
US could use strategic advance responses to alter other countries'
trade policies in a mutually beneficial way.Richard N. Cooper
evaluates trade policy as foreign policy by looking at changes
through three periods of US history. T.N. Srinivasan scrutinizes
the national defense argument for government intervention in
foreign trade. John H. Jackson in discussing alternative
negotiation approaches for the conduct of US trade policies
observes that the pursuit of multilateralism may be frustrating and
that what may be needed instead is a "minilateral" approach to
trade liberalization. In conclusion, W. Max Corden offers a package
of rules that he believes may be both desirable and possible for
the international trading system to attain.Robert M. Stern is
Professor of Economics at the University of Michigan and Director
of the Institute of Public Policy Studies. He is coauthor with
Allan V. Deardorff of The Michigan Model of World Production and
Trade (MIT Press 1985.)
The Oxford Handbook on the World Trade Organization provides an
authoritative and cutting-edge account of the World Trade
Organization. Its purpose is to provide a holistic understanding of
what the WTO does, how it goes about fulfilling its tasks, its
achievements and problems, and how it might contend with some
critical challenges. The Handbook benefits from an
interdisciplinary approach. The editorial team comprises a
transatlantic partnership between a political scientist, a
historian, and an economist. The distinguished and international
team of contributors to the volume includes leading political
scientists, historians, economists, lawyers, and practitioners
working in the area of multilateral trade. All the chapters present
original and state-of-the-art research material. They critically
engage with existing academic and policy debates, and also
contribute to the evolution of the field by setting the agenda for
current and future WTO studies.The Handbook is aimed at research
institutions, university academics, post-graduate students, and
final-year undergraduates working in the areas of international
organization, trade policy and negotiations, global economic
governance, and economic diplomacy. As such, it should find an
enthusiastic readership amongst students and scholars in History,
Economics, Political Science, International Relations, Public
Policy, and Law. Equally important, the book should have direct
relevance for diplomats, international bureaucrats, government
officials, and other policy-makers and practitioners in the area of
trade and economic governance.
Regulations and enforcement decisions that at first appear to have
only a domestic impact can have substantial spillover effects on
other nations' economies. Experience has shown time and again that
there is no reason to expect that these effects are confined to
jurisdictions at the same level of development. Governments on both
sides of the Atlantic recognize this, yet their responses in many
policy areas are not aligned - sometimes deliberately so. This
creates a complex regulatory landscape that appears to be the
product of both cooperation and competition, and which can only be
fully understood by looking through a number of disciplinary
lenses.Drawing on some of the best legal, economic and political
science expertise from both sides of the Atlantic, as well as on
the knowledge of officials and private practitioners with
experience in both industrialized and developing countries, this
timely book assesses the systemic, global implications of
transatlantic regulatory cooperation and competition. Insights from
thematic papers are integrated with those from sector-specific
analyses, and a rich set of implications for policymakers, business
and civil society is offered.
This book brings together a collection of papers that Robert M.
Stern and his co-authors have written in recent years. The
collection addresses a variety of issues pertinent to the global
trading system. One group of papers deals with globalization in
terms of what the public needs to know about this phenomenon and
the role of the World Trade Organization (WTO), whether some
countries may be hurt by globalization, how global market
integration relates to national sovereignty, and how and whether
considerations of fairness are and should be dealt with in the
global trading system and WTO negotiations. A second group of
papers consists of analytical and computational modeling studies of
multilateral, regional, and bilateral trading arrangements and
negotiations from a global and national perspective for the United
States and other major trading countries. The remaining papers
include an empirical analysis of barriers to international services
transactions and the consequences of liberalization, and issues of
international trade and labor standards.
This book brings together a collection of papers that Robert M
Stern and his co-authors have written in recent years. The
collection addresses a variety of issues pertinent to the global
trading system. One group of papers deals with globalization in
terms of what the public needs to know about this phenomenon and
the role of the World Trade Organization (WTO), whether some
countries may be hurt by globalization, how global market
integration relates to national sovereignty, and how and whether
considerations of fairness are and should be dealt with in the
global trading system and WTO negotiations. A second group of
papers consists of analytical and computational modeling studies of
multilateral, regional, and bilateral trading arrangements and
negotiations from a global and national perspective for the United
States and other major trading countries. The remaining papers
include an empirical analysis of barriers to international services
transactions and the consequences of liberalization, and issues of
international trade and labor standards.
International trade and investment in services are an increasingly
important part of global commerce. Advances in information and
telecommunication technologies have expanded the scope of services
that can be traded cross-border. Many countries now allow foreign
investment in newly privatized and competitive markets for key
infrastructure services, such as energy, telecommunications, and
transport. More and more people are travelling abroad to consume
tourism, education, and medical services, and to supply services
ranging from construction to software development. In fact,
services are the fastest growing components of the global economy,
and trade and foreign direct investment (FDI) in services have
grown faster than in goods over the past decade and a half.
International transactions, however, continue to be impeded by
policy barriers, especially to foreign investment and the movement
of service-providing individuals. Developing countries in
particular are likely to benefit significantly from further
domestic liberalization and the elimination of barriers to their
exports. In many instances, income gains from a reduction in
protection to services may be far greater than from trade
liberalization in goods.
In light of the increasing importance of international trade in
services and the inclusion of services issues on the agendas of the
multilateral, regional and bilateral trade negotiations, there is
an obvious need to understand the economic implications of services
trade and liberalization. A Handbook of International Trade in
Services provides a comprehensive introduction to the subject,
making it an essential reference for trade officials, policy
advisors, analysts, academics, and students. Beginning with an
overview on the key issues in trade in services and discussion of
the GATS, the book then looks at trade negotiations in the service
sector, the barriers to trade in services, and concludes by looking
at a number of specific service sectors, such as financial
services, e-commerce, health services, and the temporary movement
of workers.
Because of the close links between the United States and Japan in
trade, foreign direct investment, financial flows, exchange rates,
international prices, and government policies, it is important to
develop a better understanding of these links and how they may be
turned to the advantage of all involved by improvements in the
international policy environment. This book deals with the
potential for such improvements as part of formal
government-to-government negotiations in the multilateral context
in the World Trade Organization (WTO), regionally in the
Asia-Pacific Economic Cooperation (APEC) forum, and bilaterally
with the administration of national trade laws and the negotiation
of free trade agreements.
The chapters represent a spectrum of approaches, including
theoretical analysis, quantitative measurement, and evaluations of
policies and institutions from economic and legal perspectives. The
multi-lateral issues cover the analysis of the economic effects of
a new WTO negotiating round and the range of issues that are to be
addressed there, including reform of Japan's agricultural policies,
services liberalization, antidumping, intellectual property rights,
and trade and the environment. The regional issues include
theoretical and simulation analysis of the benefits of preferential
trading arrangements and the policy of open regionalism that is
being sought by APEC members. U.S.-Japan bilateral relations are
studied by analyzing the major actions and positions taken by the
two nations in the context of their national trade laws and
policies, how trade policies are implemented, the effects of
bilateral trade agreements on the United States and Japan, and the
interplay of legal decisions reached in WTO actions with bilateral
and unilateral measures undertaken by the two nations.
The book is designed for a broad audience consisting of academic
economists, lawyers, policymakers, and students interested in
U.S.-Japan international economic relations.
Robert M. Stern is Professor Emeritus of Economics and Public
Policy, University of Michigan.
This book contains selected papers from the First World Services
Congress, a forum designed to enhance awareness of the increasingly
important role of services in the global economy and to reach out
to governments, the business community, international
organizations, academicians, and the media. The Congress served as
a vehicle for the presentation and discussion of academic research
on the entire spectrum of services issues, as well as business
options and issues.
The volume is divided into three parts. Part 1 deals with
measurement, modeling, and analysis and covers such topics as
measuring productivity in services; forecasting trade in services;
data needs for services negotiations; modeling the economic effects
of barriers to trade in services; imperfect competition and
services liberalization; multilateral and regional liberalization
of services; and measurement of service sector performance. Part 2
examines the role of services in developing economies, including
geographic determinants of business services location; electronic
commerce; and case studies of the structure and potential for
services liberalization in India, Egypt, Senegal, Kenya, and South
Africa. Part 3 explores options and issues in the Services 2000
negotiations to be conducted under the auspices of the WTO,
covering telecommunications policy reform; insurance services;
media services; negotiating proposals for effective services
liberalization; and the formation of negotiating coalitions. An
appendix contains recommendations on issues to be addressed in the
Services 2000 negotiations, as agreed by business and government
representatives.
At the cutting edge of research on global services issues, this
volume will be of special interest to scholars and students in
economics, business administration, public policy, and
international political economy, as well as government officials
and staff and business executives.
Robert M. Stern is Professor Emeritus of Economics and Public
Policy, University of Michigan.
As tariffs on imports of manufactures have been reduced as a result
of multi-lateral trade negotiations, interest in the extent to
which existing nontariff barriers may distort and restrict
international trade is growing. Accurate and reliable measures are
needed in order to address the issues involving the use and impacts
of nontariff barriers. This study assesses currently available
methods for quantifying such barriers and makes recommendations as
to those methods that can be most effectively employed. The authors
focus both on the conceptual issues arising in the measurement of
the different types of nontariff barriers and on the applied
research that has been carried out in studies prepared by country
members of the OECD Pilot Group and others seeking to quantify the
barriers. Nontariff barriers include quotas, variable levies,
voluntary export restraints, government procurement regulations,
domestic subsidies, and antidumping and countervailing duty
measures. The authors discuss the many different methods available
for measuring the effects of these and other nontariff barriers.
Illustrative results are presented for industrial OECD countries,
including Australia, Canada, Germany, Norway, the European Union,
the United Kingdom, and the United States. Finally, the authors
offer guideline principles and recommend procedures for measuring
different types of nontariff barriers. Economists, political
scientists, government officials, and lawyers involved in
international trade will find this an invaluable resource for
understanding and measuring NTBs. Alan V. Deardorff and Robert M.
Stern are Professors of Economics and Public Policy, University of
Michigan.
Quantitative Analysis of Newly Evolving Patterns of International
Trade offers a variety of perspectives on new forms and
developments of international trade and related activities for
Japan, the United States, China, and some other important trading
countries, to develop new methods and data for measuring the factor
contents of emerging new modes of international trade. Such methods
and data are crucially important for evaluating impacts of the new
modes on factor markets in the United States, Japan, and other
major trading countries, and also for forecasting the future
development of world trade and foreign direct investment (FDI),
evaluating welfare gains from trade, estimating impacts of free
trade agreements, and designing effective trade and FDI policies.
This is a thorough revision of a successful introductory text on psychophysiological recording. The authors include information on the most up-to-date equipment used today to do brain scanning and discuss other equipment not available in 1980. A new chapter on signal processing and analysis has been added, and discussions cover nonlinear systems as well as cognitive psychophysiology.
|
|