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This title was first published in 2003. This text explains how
states conduct their external economic relations as the 21st
century begins: how they make decisions domestically; how they
negotiate internationally; and how these processes interact. It
documents the transformation of economic diplomacy in response to
the end of the Cold War, the advance of globalisation and the
terrorist attacks of September 2001 and illustrates the growing
influence of non-state actors like private business and civil
society. The book integrates a full academic and theoretical
analysis with the experience of senior practitioners in economic
diplomacy and is based on the authors' work in the LSE's graduate
programme on "The Politics of the World Economy".
This title was first published in 2003. This text explains how
states conduct their external economic relations as the 21st
century begins: how they make decisions domestically; how they
negotiate internationally; and how these processes interact. It
documents the transformation of economic diplomacy in response to
the end of the Cold War, the advance of globalisation and the
terrorist attacks of September 2001 and illustrates the growing
influence of non-state actors like private business and civil
society. The book integrates a full academic and theoretical
analysis with the experience of senior practitioners in economic
diplomacy and is based on the authors' work in the LSE's graduate
programme on "The Politics of the World Economy".
This volume provides a state of the art review of current thinking
on the full range of trade policy issues, addressing the economic
and political dimensions of international trade policy. The volume
contains a systematic examination of: - specific trade policy
instruments (such as tariffs, non-tariff barriers and trade rules)
- sectoral concerns (in agriculture, manufacturing and services) -
trade linkages (to issues such as the environment and labour
standards) - systemic considerations (what role for the WTO?) The
organising theme of the volume is that open markets for trade and
investment yield large potential gains in human welfare as long as
trade policy is conducted as an integral part of broader domestic
economic management and regulatory reform, and as long as the
particular challenges facing developing countries are effectively
addressed. This 'case' is presented on the basis of rigorous
analysis of first principles and of empirical experience among key
trading nations. An integrated set of original and comprehensive
perspectives from a diverse group of experts, linked by a common
organisational thread. The contributing authors create an ideal mix
of internationally recognised experts together with younger
specialists making their mark in trade policy analysis; academics
as well as trade policy practitioners; and representatives of both
developed and developing countries.
The New Economic Diplomacy explains how states conduct their
external economic relations in the 21st century: how they make
decisions domestically, how they negotiate internationally and how
these processes interact. Although the previous edition, published
in 2011, was able to reflect the impact of the financial crisis and
the immediate reaction to it, a lot has happened since then, and
the atmosphere of economic diplomacy has darkened. To capture the
emergence of new trends and the intensification of old ones, the
salient features of this new edition are: The advance of China and
other emerging powers at the expense of G7 governments, despite
some setbacks; Much greater activity in negotiating regional and
plurilateral trade agreements, while the multilateral system
struggles; The persistence of problems exposed by the financial
crisis, notably the long-running euro-zone crisis. The interaction
between domestic and external forces: the balance has shifted
towards the domestic axis, with international agreement more
difficult to achieve. This edition goes further in comparing the
practice of different players, to reflect the greater diversity of
economic diplomacy. Based on the authors' work in the field of
International Political Economy, it is suitable for students
interested in the decision-making processes in foreign economic
policy, including those studying international relations,
government, politics and economics. It will also appeal to
politicians, bureaucrats, business people, NGO activists,
journalists and the informed public.
This volume provides a state of the art review of current thinking
on the full range of trade policy issues, addressing the economic
and political dimensions of international trade policy. The volume
contains a systematic examination of: - specific trade policy
instruments (such as tariffs, non-tariff barriers and trade rules)
- sectoral concerns (in agriculture, manufacturing and services) -
trade linkages (to issues such as the environment and labour
standards) - systemic considerations (what role for the WTO?) The
organising theme of the volume is that open markets for trade and
investment yield large potential gains in human welfare as long as
trade policy is conducted as an integral part of broader domestic
economic management and regulatory reform, and as long as the
particular challenges facing developing countries are effectively
addressed. This 'case' is presented on the basis of rigorous
analysis of first principles and of empirical experience among key
trading nations. An integrated set of original and comprehensive
perspectives from a diverse group of experts, linked by a common
organisational thread. The contributing authors create an ideal mix
of internationally recognised experts together with younger
specialists making their mark in trade policy analysis; academics
as well as trade policy practitioners; and representatives of both
developed and developing countries.
The European Union is a key player in international economic
relations, but its exact role and how it goes about making
decisions and negotiating is often poorly understood within and
especially outside the EU. When does the EU play a proactive role
and when does it follow? When is the EU a distinct actor and when
is it just one level in a multi- level process of negotiation in
which the member states are the main actors? Does the EU possess
normative power in external economic relations? Does the EU have
the capability and willingness to use its still significant
economic power? European Union Economic Diplomacy provides the
first comprehensive analysis of the factors that determine the role
of the EU in economic diplomacy. In an up-to-date treatment that
includes consideration of the impact of the Treaty of Lisbon, it
contains a comprehensive explanation of decision making and
negotiating processes in the core areas of trade, financial market
regulation, environmental diplomacy and development co-operation.
The book is intended for those interested in EU policy making, but
also those who simply need to understand how the EU functions in
the field of economic diplomacy.
The New Economic Diplomacy explains how states conduct their
external economic relations in the 21st century: how they make
decisions domestically, how they negotiate internationally and how
these processes interact. Although the previous edition, published
in 2011, was able to reflect the impact of the financial crisis and
the immediate reaction to it, a lot has happened since then, and
the atmosphere of economic diplomacy has darkened. To capture the
emergence of new trends and the intensification of old ones, the
salient features of this new edition are: The advance of China and
other emerging powers at the expense of G7 governments, despite
some setbacks; Much greater activity in negotiating regional and
plurilateral trade agreements, while the multilateral system
struggles; The persistence of problems exposed by the financial
crisis, notably the long-running euro-zone crisis. The interaction
between domestic and external forces: the balance has shifted
towards the domestic axis, with international agreement more
difficult to achieve. This edition goes further in comparing the
practice of different players, to reflect the greater diversity of
economic diplomacy. Based on the authors' work in the field of
International Political Economy, it is suitable for students
interested in the decision-making processes in foreign economic
policy, including those studying international relations,
government, politics and economics. It will also appeal to
politicians, bureaucrats, business people, NGO activists,
journalists and the informed public.
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