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The Cost Of Compliance With Product Standards For Firms In Developing Countries
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Book Synopsis The Cost of Compliance with Product Standards for Firms in Developing Countries by : Keith Eugene Maskus
Download or read book The Cost of Compliance with Product Standards for Firms in Developing Countries written by Keith Eugene Maskus and published by World Bank Publications. This book was released on 2005 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Standards and technical regulations exist to protect consumer safety or to achieve other goals, such as ensuring the interoperability of telecommunications systems, for example. Standards and technical regulations can, however, raise substantially both start-up and production costs for firms. Maskus, Otsuki, and Wilson develop econometric models to provide the first estimates of the incremental production costs for firms in developing nations in conforming to standards imposed by major importing countries. They use firm-level data generated from 16 developing countries in the World Bank Technical Barriers to Trade (TBT) Survey Database. Their findings indicate that standards do increase short-run production costs by requiring additional inputs of labor and capital. A 1 percent increase in investment to meet compliance costs in importing countries raises variable production costs by between 0.06 and 0.13 percent, a statistically significant increase. The authors also find that the fixed costs of compliance are nontrivial-approximately.
Book Synopsis The Cost of Compliance with Product Standards for Firms in Developing Countries by : Keith E. Maskus
Download or read book The Cost of Compliance with Product Standards for Firms in Developing Countries written by Keith E. Maskus and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Standards and technical regulations exist to protect consumer safety or to achieve other goals, such as ensuring the interoperability of telecommunications systems, for example. Standards and technical regulations can, however, raise substantially both start-up and production costs for firms. Maskus, Otsuki, and Wilson develop econometric models to provide the first estimates of the incremental production costs for firms in developing nations in conforming to standards imposed by major importing countries. They use firm-level data generated from 16 developing countries in the World Bank Technical Barriers to Trade (TBT) Survey Database. Their findings indicate that standards do increase short-run production costs by requiring additional inputs of labor and capital. A 1 percent increase in investment to meet compliance costs in importing countries raises variable production costs by between 0.06 and 0.13 percent, a statistically significant increase. The authors also find that the fixed costs of compliance are nontrivial-approximately $425,000 per firm, or about 4.7 percent of value added on average. The results may be interpreted as one indication of the extent to which standards and technical regulations might constitute barriers to trade. While the relative impact on costs of compliance is relatively small, these costs can be decisive factors driving export success for companies. In this context, there is scope for considering that the costs associated with more limited exports to countries with import regulations may not conform to World Trade Organization rules encouraging harmonization of regulations to international standards, for example. Policy solutions then might be sought by identifying the extent to which subsidies or public support programs are needed to offset the cost disadvantage that arises from nonharmonized technical regulations.
Book Synopsis Business Regulation and Public Policy by : André Nijsen
Download or read book Business Regulation and Public Policy written by André Nijsen and published by Springer Science & Business Media. This book was released on 2008-12-03 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, businesses have complained about the costs of regulatory compliance. On the other hand, society is becoming increasingly aware of the environmental, safety, health, financial, and other risks of business activity. Government oversight seems to be one of the answers to safeguard against these risks. But how can we deregulate and regulate without jeopardizing our public goals or acting as a brake on economic growth? Many instruments are available to assess the effects of laws regulating business, including the regulatory impact assessment (RIA), which contains cost/benefit analysis, cost-effectiveness analysis, risk analysis, and cost assessments. This book argues that public goals will be achieved more effectively if compliance costs of the enterprises are as low as possible. Highlighting examples from a wide spectrum of industries and countries, the authors propose a new kind of RIA, the business impact assessment (BIA), designed to improve both business and public policy decision making.
Book Synopsis International Standardization and the Agreement on Technical Barriers to Trade by : Andrea Barrios Villarreal
Download or read book International Standardization and the Agreement on Technical Barriers to Trade written by Andrea Barrios Villarreal and published by Cambridge University Press. This book was released on 2018-10-04 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the international standardization system generally, with a specific focus on some of the bodies within this system. It also questions the lack of definition regarding several features related to the system, notably an international standardizing body and international standards in the Agreement on Technical Barriers to Trade.
Book Synopsis Preferential Trade Agreement Policies for Development by : Jean-Pierre Chauffour
Download or read book Preferential Trade Agreement Policies for Development written by Jean-Pierre Chauffour and published by World Bank Publications. This book was released on 2011-06-22 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook offers an introduction to the key elements of Preferential Trade Agreements (PTAs), addressing the practical economic and legal aspects of the regulatory policies in PTAs.
Book Synopsis Opening Standards by : Laura Denardis
Download or read book Opening Standards written by Laura Denardis and published by MIT Press. This book was released on 2011-09-02 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic and political stakes in the current heated debates over “openness” and open standards in the Internet's architecture. Openness is not a given on the Internet. Technical standards—the underlying architecture that enables interoperability among hardware and software from different manufacturers—increasingly control individual freedom and the pace of innovation in technology markets. Heated battles rage over the very definition of “openness” and what constitutes an open standard in information and communication technologies. In Opening Standards, experts from industry, academia, and public policy explore just what is at stake in these controversies, considering both economic and political implications of open standards. The book examines the effect of open standards on innovation, on the relationship between interoperability and public policy (and if government has a responsibility to promote open standards), and on intellectual property rights in standardization—an issue at the heart of current global controversies. Finally, Opening Standards recommends a framework for defining openness in twenty-first-century information infrastructures. Contributors discuss such topics as how to reflect the public interest in the private standards-setting process; why open standards have a beneficial effect on competition and Internet freedom; the effects of intellectual property rights on standards openness; and how to define standard, open standard, and software interoperability.
Book Synopsis Systemic Implications of Transatlantic Regulatory Cooperation and Competition by :
Download or read book Systemic Implications of Transatlantic Regulatory Cooperation and Competition written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Regulation of Product Standards in World Trade Law by : Ming Du
Download or read book The Regulation of Product Standards in World Trade Law written by Ming Du and published by Bloomsbury Publishing. This book was released on 2020-11-12 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph has two central purposes. The first is to provide a critical analysis of how governmental, private and hybrid product standards are regulated in the GATT/WTO legal framework. The second purpose is to explore – both positively and normatively – the impact that WTO disciplines may have on the composition, function and decision-making process of various standard-setting bodies through the lens of a series of selected case studies, including: the EU eco-labelling scheme; ISO standards; and private standards such as the FSC. The book analyses what role, if any, the WTO may play in making product standards applied in international trade embody not only technological superiority but also substantive and procedural fairness such as deliberation, representativeness, openness, transparency, due process and accountability. Whilst it has been long recognised that voluntary product standards drawn up by both governmental and non-governmental bodies can in practice create trade barriers as serious as mandatory governmental regulations, a rigorous and systematic inquiry into the boundary, relevance and impact of WTO disciplines on product standards is still lacking. Providing a lucid interpretation of the relevant WTO rules and cases on product standards, this book fills this significant gap in WTO law literature. Definitive and comprehensive, this is an essential reference work for scholars and practitioners alike.
Book Synopsis Handbook of International Food and Agricultural Policies by :
Download or read book Handbook of International Food and Agricultural Policies written by and published by World Scientific. This book was released on 2011-07-26 with total page 1244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of International Food and Agricultural Policies is a three-volume set that aims to provide an accessible reference for those interested in the aims and implementation of food and farm policies throughout the world. The treatment is authoritative, comprehensive and forward looking. The three volumes combine scholarship and pragmatism, relating academic writing to real-world issues faced by policy-makers. A companion volume looking at the future resource and climate challenges for global agriculture will be published in the future. Volume I covers Farm and Rural Development policies of developed and developing countries. The volume contains 20 country chapters together with a concluding comprehensive synthesis of lessons to be drawn from the experiences of the individual countries. Volume II examines the experience of countries with food policies, including those dealing with food safety and quality and the responsibility for food security in developing countries. The chapters address issues such as obesity, nutritional supplements, organic foods, food assistance programs, biotech food acceptance, and the place of private standards. Volume III describes and explains the international trade dimension of farm and food policies -- both at the bilateral and regional level -- and also the multilateral rules that influence and constrain individual governments. The volume also looks at the steps that countries are together taking to meet the needs of developing and low-income countries. The volumes are of value to students and researchers interested in economic development, agricultural markets and food systems. Policy-makers and professionals involved in monitoring and regulating agricultural and food markets would also find the volumes useful in their practical work. This three-volume set is also a suitable source for the general public interested in how their food system is influenced by government policies.
Book Synopsis product standards,harmonization,and trade: evidence from the extensive margin by : Ben Shepherd
Download or read book product standards,harmonization,and trade: evidence from the extensive margin written by Ben Shepherd and published by World Bank Publications. This book was released on 2007 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The author uses a new database of EU product standards in the textiles, clothing, and footwear sectors to present the first empirical evidence that international standards harmonization is associated with increased partner country export variety. A 10 percentage point increase in the proportion of internationally harmonized standards is associated with a 0.2 percent increase in partner country export variety, whereas a 10 percent increase in the total number of standards is associated with a nearly 6 percent decrease in product variety. Although small, the harmonization elasticity is statistically significant, and proves highly robust to sample changes and instrumental variables estimation using instruments motivated by political economy considerations. Moreover, it is found to be around 50 percent higher for low income countries, which suggests that they may be particularly constrained in adapting products to meet multiple standards. Numerical simulations show that these findings are consistent with a heterogeneous firms model of trade in which harmonization is beneficial at the extensive margin provided that any increases in compliance costs are not too large.
Book Synopsis Globalization and Technology Absorption in Europe and Central Asia by :
Download or read book Globalization and Technology Absorption in Europe and Central Asia written by and published by World Bank Publications. This book was released on 2008 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation and cross-border absorption of knowledge are central forces behind economic convergence and sustained growth. Absorption of technology is a necessary step to promote the development of human capital and the productive base, paving the way for innovations at the global knowledge frontier. Research and development, patents, trade, and foreign direct investment are major channels of technological absorption, allowing diffusion of new ideas and manufacturing best practices among countries and firms. These channels constitute the central focus of this study. This study uses patent databases, surveys of enterprises, and case studies to investigate how specific channels of absorption molds decision making about technology. Trade and FDI flows show considerable promise as catalysts for the region to upgrade its technology and near the global technology frontier. Econometric analysis using enterprise surveys from all Europe and Central Asia countries helps to understand the conditions and policies that induce firms to incorporate external knowledge and technology into their overall growth strategies.
Book Synopsis Do Standards Matter for Export Success? by : Maggie Xiaoyang Chen
Download or read book Do Standards Matter for Export Success? written by Maggie Xiaoyang Chen and published by World Bank Publications. This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Standards and technical regulations are an increasingly prominent part of the international trade policy debate. In particular, there has been considerable discussion of whether standards and regulations affect trade costs and export prospects for developing countries. In this paper the authors examine how meeting foreign standards affects firms' export performance, reflected in export propensity and market diversification. The analysis draws on the World Bank Technical Barriers to Trade Survey database of 619 firms in 17 developing countries. The results indicate that technical regulations in industrial countries adversely affect firms' propensity to export in developing countries. In particular, testing procedures and lengthy inspection procedures reduce exports by 9 percent and 3 percent, respectively. Furthermore, in the model, the difference in standards across foreign countries causes diseconomy of scale for firms and affects decisions about whether to enter export markets. The empirical analysis presented here implies that standards impede exporters' market entry, reducing the likelihood of exporting to more than three markets by 7 percent. In addition, the authors find that firms that outsource components are more challenged by compliance with multiple standards.
Book Synopsis Distributive Justice and World Trade Law by : Oisin Suttle
Download or read book Distributive Justice and World Trade Law written by Oisin Suttle and published by Cambridge University Press. This book was released on 2017-10-12 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a novel theory of justice in international trade law, examining what justice means and demands in this domain.
Book Synopsis Standards, Conformity Assessment, and Trade by : International Standards, Conformity Assessment, and U.S. Trade Policy Project Committee
Download or read book Standards, Conformity Assessment, and Trade written by International Standards, Conformity Assessment, and U.S. Trade Policy Project Committee and published by National Academies Press. This book was released on 1995-03-29 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mandated standards used for vehicle airbags, International Organization for Standards (ISO) standards adopted for photographic film, de facto standards for computer software--however they arise, standards play a fundamental role in the global marketplace. Standards, Conformity Assessment, and Trade provides a comprehensive, up-to-date analysis of the link between standards, product testing and certification, and U.S. economic performance. The book includes recommendations for streamlining standards development, increasing the efficiency of product testing and certification, and promoting the success of U.S. exports in world markets. The volume offers a critical examination of organizations involved in standards and identifies the urgent improvements needed in the U.S. system for conformity assessment, in which adherence to standards is assessed and certified. Among other key issues, the book explores the role of government regulation, laboratory accreditation, and the overlapping of multiple quality standards in product development and manufacturing. In one of the first treatments of this subject, Standards, Conformity Assessment, and Trade offers a unique and highly valuable analysis of the impact of standards and conformity assessment on global trade.
Book Synopsis The World Bank Research Program, 2005-2007 by :
Download or read book The World Bank Research Program, 2005-2007 written by and published by World Bank Publications. This book was released on 2008 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.
Book Synopsis International Business by : V.K.Bhalla
Download or read book International Business written by V.K.Bhalla and published by S. Chand Publishing. This book was released on 2013 with total page 1114 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Business
Book Synopsis Food Safety, Market Organization, Trade and Development by : Abdelhakim Hammoudi
Download or read book Food Safety, Market Organization, Trade and Development written by Abdelhakim Hammoudi and published by Springer. This book was released on 2015-05-13 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an economic perspective on the effects of food safety standards on international trade. Focusing on food safety regulation at an international level and private food safety standards, the authors use contemporary methodologies to analyze supply chain structures and organization as well as food-chain actors’ strategies. They also evaluate the effects of these on both consumer health and developing countries’ access to international markets. The book provides ideas, suggestions and policy recommendations for reconciling economic interests with consumer health, which will be of special interest to academics as well as to practitioners.
