The Political Economy Of International Trade

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The Political Economy Of International Trade

Author : Ken Heydon
ISBN : 9781509534371
Genre : Political Science
File Size : 75.63 MB
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With protectionist sentiment and economic nationalism on the rise, international trade and how it is governed is at the heart of some of the most important contemporary economic and political debates. Comprehensive and clear, this book skilfully outlines and analyses the dynamics of trade in the 21st century. Ken Heydon examines three broad themes: the nature and distribution of the gains from trade, the institutional and governance framework of the international trade system, and the contentious practical issues confronting policy-makers across the world. He considers pressing contemporary debates surrounding issues ranging from agriculture and food security to the links between trade and environment protection, core labour standards and intellectual property rights. He demonstrates the importance of a change of mindset in terms of how we see trade policy: it should not, he argues, be simply a question of international negotiation, but also a key component of sound domestic economic management. In short, we need to put commerce in context. Drawing on the author’s experience as a policy practitioner, trade policy analyst and teacher, the volume is informed by an extensive analysis of the literature and by relevant case studies. It is designed for students and scholars of international political economy and trade policy, trade officials, and the general public.
Category: Political Science

The Oxford Handbook Of The Political Economy Of International Trade

Author : Lisa L. Martin
ISBN : 9780199981755
Genre : Political Science
File Size : 52.87 MB
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The Oxford Handbook of the Political Economy of International Trade surveys the literature on the politics of international trade and highlights the most exciting recent scholarly developments. The Handbook is focused on work by political scientists that draws extensively on work in economics, but is distinctive in its applications and attention to political features; that is, it takes politics seriously. The Handbook's framework is organized in part along the traditional lines of domestic society-domestic institutions - international interaction, but elaborates this basic framework to showcase the most important new developments in our understanding of the political economy of trade. Within the field of international political economy, international trade has long been and continues to be one of the most vibrant areas of study. Drawing on models of economic interests and integrating them with political models of institutions and society, political scientists have made great strides in understanding the sources of trade policy preferences and outcomes. The 27 chapters in the Handbook include contributions from prominent scholars around the globe, and from multiple theoretical and methodological traditions. The Handbook considers the development of concepts and policies about international trade; the influence of individuals, firms, and societies; the role of domestic and international institutions; and the interaction of trade and other issues, such as monetary policy, environmental challenges, and human rights. Showcasing both established theories and findings and cutting-edge new research, the Handbook is a valuable reference for scholars of political economy.
Category: Political Science

The Political Economy Of International Trade Law

Author : Daniel L. M. Kennedy
ISBN : 1139434489
Genre : Law
File Size : 24.4 MB
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International experts from law, economics and political science provide in-depth analysis of international trade issues. Attorneys, economists and political scientists adopt a common viewpoint, entitled 'transcending the ostensible'. This approach directs particular attention to the possibility that WTO legal institutions, like other international legal institutions, will function in unexpected ways due to the political and economic conditions of the international environment in which they have been created, and in which they operate. A range of trade problems are considered here. Topics include the constitutional dimensions of international trade law, adding subjects and restructuring existing subjects to international trade law, the legal relations between developed and developing countries, and the operation of the WTO dispute settlement procedure. This will be an essential volume for professionals and academics involved with international trade policy.
Category: Law

The Political Economy Of International Trade

Author : Edward D Mansfield
ISBN : 9789814644303
Genre : Political Science
File Size : 27.52 MB
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This volume includes many of Edward D Mansfield's contributions to research on the political economy of trade. Among the topics addressed are the effects of power relations and international economic institutions on trade flows, the influence of domestic politics on trade policy, the factors that shape the mass public's attitudes toward trade, and the determinants of the formation and expansion of international trade agreements. The Political Economy of International Trade is an essential reference for scholars and graduate students interested in the international political economy. Contents:Systemic Approaches to the International Trading System:The Concentration of Capabilities and International TradePower Politics and International TradeAlliances, Preferential Trading Arrangements, and International TradeInternational Institutions and the Volatility of International TradeThe Political Economy of Trade Policy and Trade Attitudes:The Political Economy of Nontariff Barriers: A Cross-National AnalysisFree to Trade: Democracies, Autocracies, and International TradeVotes and Vetoes: The Political Determinants of Commercial OpennessSupport for Free Trade: Self-Interest, Sociotropic Politics, and Out-Group AnxietyThe Political Economy of Preferential Trading Agreements:The Proliferation of Preferential Trading ArrangementsWhy Democracies Cooperate More: Electoral Control and International Trade AgreementsVetoing Co-operation: The Impact of Veto Players on Preferential Trading ArrangementsMultilateral Determinants of Regionalism: The Effects of GATT/WTO on the Formation of Preferential Trading ArrangementsThe Expansion of Preferential Trading Arrangements Readership: Postgraduates, researchers, academics, and policymakers interested in international political economics. Key Features:Covers a much broader range of topics than other competing titlesAddresses the international influences on trade flows, the domestic influences on both trade flows and trade policy, and how individuals in the United States perceive trade, and also addresses the international and domestic influences on trade agreements between countries The author and his co-authors are among the most prominent scholars of international political economy Keywords:Political Economy;International Trade;Globalization
Category: Political Science

Votes Vetoes And The Political Economy Of International Trade Agreements

Author : Edward D. Mansfield
ISBN : 9780691135304
Genre : Business & Economics
File Size : 62.70 MB
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Preferential trading arrangements (PTAs) play an increasingly prominent role in the global political economy, two notable examples being the European Union and the North American Free Trade Agreement. These agreements foster economic integration among member states by enhancing their access to one another's markets. Yet despite the importance of PTAs to international trade and world politics, until now little attention has been focused on why governments choose to join them and how governments design them. This book offers valuable new insights into the political economy of PTA formation. Many economists have argued that the roots of these agreements lie in the promise they hold for improving the welfare of member states. Others have posited that trade agreements are a response to global political conditions. Edward Mansfield and Helen Milner argue that domestic politics provide a crucial impetus to the decision by governments to enter trade pacts. Drawing on this argument, they explain why democracies are more likely to enter PTAs than nondemocratic regimes, and why as the number of veto players--interest groups with the power to block policy change--increases in a prospective member state, the likelihood of the state entering a trade agreement is reduced. The book provides a novel view of the political foundations of trade agreements.
Category: Business & Economics

Handbook Of The International Political Economy Of Trade

Author : David Deese
ISBN : 9781781954997
File Size : 90.46 MB
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This accessible, comprehensive and pertinent Handbook will be of interest to academics, researchers and students working in the fields of international politics, in particular political economy and foreign policy, and the economics of trade.¾ Practitio

The Political Economy Of International Trade Negotiations

Author : Nikolai Ziegler
ISBN : 9783828852068
Genre : Business & Economics
File Size : 89.78 MB
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One proposition from economics that is both true and non-trivial is the Ricardian concept of comparative advantage. Its logical corollary - that governments should not intervene into international trade - is almost universally endorsed within the discipline. Hence, economists remain short of a clear grasp of international trade negotiations - be these held under the auspices of the WTO or elsewhere. Why do governments need protracted negotiations to do what is in their own countries' best interest? What purposes do trade negotiations and agreements serve? Assorting a host of arguments from the entire range of economic schools of thought, Nikolai Ziegler provides a comprehensive answer. That given and the gap between political and economic rationality acknowledged, he explores ways to bridge this gap and make negotiations work more smoothly. A two-level game perspective reveals adjustment screws which may be turned to promote liberal trade policy and international cooperation. Game theoretic illustration and appraisal of these strategic levers is embedded in case studies and cliometric excursions. The reader will not find panaceas. Yet she will aqcuire a deeper understanding of the sensitive clockwork of international trade negotiations, encounter some innovative proposals as to lubricating that clockwork and, hopefully, find this book an interesting reading.
Category: Business & Economics

The Political Economy Of International Relations

Author : Robert Gilpin
ISBN : 9781400882779
Genre : Political Science
File Size : 83.58 MB
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After the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on Tariffs and Trade (now the World Trade Organization), the World Bank, and the International Monetary Fund--were threatened by growing economic nationalism in the United States, as demonstrated by increased trade protection and growing budget deficits. In this book, Robert Gilpin argues that American power had been essential for establishing these institutions, and waning American support threatened the basis of postwar cooperation and the great prosperity of the period. For Gilpin, a great power such as the United States is essential to fostering international cooperation. Exploring the relationship between politics and economics first highlighted by Adam Smith, Karl Marx, and other thinkers of the eighteenth and nineteenth centuries, Gilpin demonstrated the close ties between politics and economics in international relations, outlining the key role played by the creative use of power in the support of an institutional framework that created a world economy. Gilpin's exposition of the in.uence of politics on the international economy was a model of clarity, making the book the centerpiece of many courses in international political economy. At the beginning of the twenty-first century, when American support for international cooperation is once again in question, Gilpin's warnings about the risks of American unilateralism sound ever clearer.
Category: Political Science

International Political Economy

Author : Thomas Oatley
ISBN : 9781317248347
Genre : Political Science
File Size : 42.62 MB
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Broadly viewing the global economy as a political competition that produces winners and losers, International Political Economy holistically and accessibly introduces the field of IPE to students with limited background in political theory, history, and economics.This text surveys major interests and institutions and examines how state and non-state actors pursue wealth and power. Emphasizing fundamental economic concepts as well as the interplay between domestic and international politics, International Political Economy not only explains how the global economy works; it also encourages students to think critically about how economic policy is made in the context of globalization.
Category: Political Science

The Global Political Economy Of Trade Protectionism And Liberalization

Author : Tony Heron
ISBN : 9780415454902
Genre : Political Science
File Size : 28.88 MB
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Given the widely-accepted premise that free trade is the best means of maximising overall societal welfare, why has it proven so difficult to achieve in certain industries? This book tackles arguably the most perennial and deep-rooted of all questions in political economy, and questions the incumbent orthodox liberal theories of collective action. Using a historical institutionalist framework to explore and explain the political economy of trade protectionism and liberalization, this book is based on detailed case studies of the textiles and clothing sector in the EU, United States, China, Caribbean Basin and sub-Saharan Africa. From this, the book expands to discuss the origins of trade protectionism and examine the wider political effects of liberalization, offering an explanation of why a successful conclusion to the WTO 'Doha' round has proven to be so elusive. The book argues that the regulation of global trade - and the economic consequences that this has for both developed and developing countries - has been the result of the particular way in which trade preferences are mediated through political institutions. The Global Political Economy of Trade Protectionism and Liberalization will be of interest to those studying and researching international and comparative political economy, developing area studies, economics, law and geography.
Category: Political Science

International Political Economy And Globalization

Author : Javed Maswood
ISBN : 9789813102859
Genre : Political Science
File Size : 69.31 MB
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This book provides a comprehensive introduction to international political economy and to the different trade and financial issues in the contemporary international system. The modern international political economy is characterized by globalization of production and finance. This book explains the growth and consequences of globalization from a historical and evolutionary perspective. It explores not only the long-standing issues of trade protectionism and financial stability, but also the newer issues of international labor standards, liberalization of investment regulations, and environmental protection. One of the greatest challenges of financial globalization is the potential for destabilizing national economies through a rapid outflow of capital, as seen recently in East Asia. In this book, the East Asian currency and debt crises are examined in relation to earlier crises in Latin America in the early 1980s and in Mexico in the mid-1990s. It will help readers to understand how politics and economics interact to produce the rules and structures of international political economy, and also to better appreciate the contemporary issues, crises, and challenges in international political economy.
Category: Political Science

The Political Economy Of The World Trading System

Author : Bernard M. Hoekman
ISBN : 9780199553761
Genre : Business & Economics
File Size : 87.94 MB
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This is a highly readable, completely revised and updated analytical account of the mechanics of the world trading system - how it works, what it does, and why. It provides insight into the basic economic rationale for international cooperation and the political economic forces that shape the global commercial environment and that determine the rules of the game and the commitments that governments agree to through WTO negotiations. Short case studies and specificdisputes are used to illustrate the workings of the institution in practice and the interest groups that drive the WTO processes. This edition highlights the increasing role of developing countries inthe WTO. This is a book that will be of interest to teachers and students of international economics and business, international relations and economic development, government officials and business people interested in the functioning of the multilateral trading system.
Category: Business & Economics

Global Political Economy

Author : Robert Gilpin
ISBN : 9781400831272
Genre : Political Science
File Size : 28.68 MB
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This book is the eagerly awaited successor to Robert Gilpin's 1987 The Political Economy of International Relations, the classic statement of the field of international political economy that continues to command the attention of students, researchers, and policymakers. The world economy and political system have changed dramatically since the 1987 book was published. The end of the Cold War has unleashed new economic and political forces, and new regionalisms have emerged. Computing power is increasingly an impetus to the world economy, and technological developments have changed and are changing almost every aspect of contemporary economic affairs. Gilpin's Global Political Economy considers each of these developments. Reflecting a lifetime of scholarship, it offers a masterful survey of the approaches that have been used to understand international economic relations and the problems faced in the new economy. Gilpin focuses on the powerful economic, political, and technological forces that have transformed the world. He gives particular attention to economic globalization, its real and alleged implications for economic affairs, and the degree to which its nature, extent, and significance have been exaggerated and misunderstood. Moreover, he demonstrates that national policies and domestic economies remain the most critical determinants of economic affairs. The book also stresses the importance of economic regionalism, multinational corporations, and financial upheavals. Gilpin integrates economic and political analysis in his discussion of "global political economy." He employs the conventional theory of international trade, insights from the theory of industrial organization, and endogenous growth theory. In addition, ideas from political science, history, and other disciplines are employed to enrich understanding of the new international economic order. This wide-ranging book is destined to become a landmark in the field.
Category: Political Science

The Political Economy Of Trade Policy

Author : Jagdish N. Bhagwati
ISBN : 0262061864
Genre : Business & Economics
File Size : 83.52 MB
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This collection of papers by former students and colleagues celebrates the profound impact that Jagdish Bhagwati has had on the field of international economics over the past three decades. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, has made pathbreaking contributions to the theory of international trade and commercial policy, including immiserizing growth, domestic distortions, economic development, and political economy. His success and influence as a teacher and mentor is widely recognized among students at both MIT and Columbia, and as founder of the Journal of International Economics, he has encouraged research on many questions of theoretical and policy relevance. The political economy of trade policy, Bhagwati's most recent area of interest, is the theme of this collection which addresses salient topics including market distortions, income distribution, and the political process of policy-making. Sections and Contributors: - Market Distortions. T. N. Srinivasan. Paul A. Samuelson. Paul R. Krugman. - Trade and Income Distribution. Douglas A. Irwin. Richard A. Brecher and Ehsan U. Choudri. Robert C. Feenstra and Gordon H. Hanson. Earl L. Grinols. - Perspectives on Political Economy. Robert E. Baldwin. Peter Diamond. - Models of Political Economy and Trade. Gene M. Grossman and Elhana Helpman. John Douglas Wilson. B. Peter Rosendorff. Arvind Panagariya and Ronald Findlay.
Category: Business & Economics

The Political Economy Of Globalization

Author : Ngaire Woods
ISBN : 9780333985625
Genre : Political Science
File Size : 55.86 MB
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Although investment patterns are being transformed, a global civil society is emerging, and governments are losing control of national currencies, the contributions in this book make it clear that globalization does not prohibit strong governments from maintaining a welfare state and good working conditions and co-operating to manage the flow of goods, money, people, and problems across borders.
Category: Political Science

Political Economy And International Economics

Author : Jagdish N. Bhagwati
ISBN : 0262522187
Genre : Business & Economics
File Size : 73.50 MB
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Political Economy and International Economics is the fifth volume of collected essaysby the noted economist Jagdish Bhagwati. Following Essays in International Economic Theory (editedby Robert Feenstra) and Essays in Development Economics (edited by Gene Grossman), it reflectsBhagwati's wide range of interests and his rare ability to combine economic theory and politicalanalysis.Many of Bhagwati's writings provide fresh insights into old problems, from the theory ofcommercial policy, to foreign investment and labor migration; others open up new areas such asservices to analysis. Recent work on the theory of political economy, including DUP (directlyunproductive profit-seeking) activities and quid pro quo direct investment, breaks new ground. Alsoincluded are a number of previously inaccessible lectures covering such important issues as povertyand public policy. Cutting across several fields of economics, including public finance anddevelopment, these provide masterly syntheses and overviews of broader issues.Jagdish Bhagwati isArthur Lehman Professor of Economics and Professor of Economics at Columbia University. He is thefounding editor of the new journal Economics and Politics. Douglas A. Irwin is an economist with theBoard of Governors of the Federal Reserve System.
Category: Business & Economics

Expanding Frontiers Of Global Trade Rules

Author : Nitya Nanda
ISBN : 9781134107148
Genre : Business & Economics
File Size : 83.56 MB
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This book analyses one of the most controversial areas in the political economy of international trade, namely the issues surrounding the creation of new ‘trade rules’. Various concerns are addressed, including the environment, labour standards, intellectual property rights, trade facilitation, competition policy, investment and government procurement, to many conventional trade topics including the trade and development linkage. Nanda combines theoretical analysis with valuable insights derived from interactions with trade negotiators, politicians and activists, arguing for a dynamic policy framework, particularly in developing countries, with regular upgrading. He questions the effectiveness of the current global trade order in promoting development, highlighting not only the inability of conventional economics to capture the reality of international trade but also the neglect of some basic principles of economics. Nanda also argues that the WTO is not the right forum for addressing development issues because trade liberalization has traditionally been its objective.
Category: Business & Economics

The Political Economy Of International Financial Crisis

Author : Shale Asher Horowitz
ISBN : 0742501337
Genre : Business & Economics
File Size : 72.64 MB
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The world financial crisis of 1997-99 was the most important international economic event since the oil shocks of the 1970s and the associated debt crisis of the 1980s. What were its political causes and consequences? In particular, how did interest group coalitions and political institutions affect pre-crisis economic policies and post-crisis responses? This book focuses on how policymaking coalitions are formed and how political institutions mediate the pressure of rival coalitions. This approach is applied to 13 countries drawn from the main crisis-affected regions of the world economy—East Asia, Southeast Asia, Latin America and Eastern Europe.
Category: Business & Economics