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Trade Policy Trade Agreements And Economic Growth Essays In International Trade Theory
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Book Synopsis Trade Policy, Trade Agreements, and Economic Growth: Essays in International Trade Theory by : Eric W. Bond
Download or read book Trade Policy, Trade Agreements, and Economic Growth: Essays in International Trade Theory written by Eric W. Bond and published by World Scientific Publishing Company. This book was released on 2017-04-30 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the main contributions of Eric Bond in the areas of international trade policy, trade agreements, and economic growth. The central focus of this volume is the author's pioneering work on the role of differences in market power across countries in explaining incentives to join preferential trade agreements and the form of trade agreements. Other topics include the interactions of physical and human capital accumulation in determining trade patterns and growth rates and the impact of non-tariff measures on international trade and investment. The volume also gives insights into the role of firm heterogeneity in domestic and international trade.
Book Synopsis Economic Theory and International Trade by : A. D. Woodland
Download or read book Economic Theory and International Trade written by A. D. Woodland and published by Edward Elgar Publishing. This book was released on 2002 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Important issues in economic theory and international trade are addressed in this volume with contributions from internationally renowned researchers. The book begins with an examination of classical trade theory and welfare economics. It goes on to discuss international trade policy, includiong international trade agreements, taxation, tariffs and quotas. Attention then turmns to the role of market structure in joint ventures, innovation, tariff policy and political economy. The final section is devoted to economic dynamics and international economics, with an emphasis on learning mechanisms, sustainable growth and immigration.
Book Synopsis Chances and Risks of Free Trade Policies by : Philipp Rothe
Download or read book Chances and Risks of Free Trade Policies written by Philipp Rothe and published by GRIN Verlag. This book was released on 2020-08-13 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2020 in the subject Economics - Foreign Trade Theory, Trade Policy, , language: English, abstract: This paper examines the definition, history and status of free trade in the world today. In history a lot of countries acted in accordance with protectionist trade policies which means they had a lot of barriers, tariffs, and limits towards the trade with other countries. The aim was to protect their own economy. However, in today's world there is much more free trade which means "the buying and selling of goods, without limits on the amount of goods that one country can sell to another and without special taxes on the goods bought from a foreign country". The theory of free trade was first invented in 1776 by Adam Smith. And although it goes back to colonial times, free trade remained a theory for centuries. Ever since Adam Smith's concept of free trade, merchants tried to remove trade barriers between countries again and again. But especially during the industrialization period the countries used trade barriers to boost their economy. As late as after the second world war, the US for example started to lower import tariffs. The idea of lowering tariffs is that more trade takes place, countries can specialize economically in what they do best and afterwards exchange these products for goods that they don't produce most efficiently or that they don't have easily available. That in turn means the people are freer to choose their position in the economy, the worlds resources are used more efficient and the wealth of nations is growing. In a nutshell it means a country can compete in the global market by specializing to its fundamental economic strengths and by doing this increase economic growth. Some international institutions such as the World Bank, International Monetary Fund, and the World Trade Organization (WTO) were founded to promote free trade in place of protectionism and so helped to build the world how it is today in terms of trading.
Book Synopsis Trade Theory, Analytical Models and Development by : S. K. Jayasuriya
Download or read book Trade Theory, Analytical Models and Development written by S. K. Jayasuriya and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd's own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
Book Synopsis Lecture Notes on International Trade Theory and Policy by : Richard Pomfret
Download or read book Lecture Notes on International Trade Theory and Policy written by Richard Pomfret and published by World Scientific Publishing Company. This book was released on 2008-10-08 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive review of the theory of international trade and trade policy, including coverage of recent areas of research such as heterogeneous firm trade models and trade costs. It then proceeds to analyze the history of trade policies and the evolution of the global trading system, with a primary focus on important policies or controversial issues such as the Doha Round, antidumping duties, regionalism and fair trade. It aims to emphasize the significance of different theories and how they are interconnected. Unlike other technique-driven international economics textbooks, this book focuses on readers understanding how theory and policy are connected. Written in a lecture note format and in a straightforward manner, the presentation is self-contained with no assumed mathematical knowledge.
Book Synopsis The Gains from Trade and the Gains from Aid by : Murray C. Kemp
Download or read book The Gains from Trade and the Gains from Aid written by Murray C. Kemp and published by Routledge. This book was released on 2002-09-11 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
Book Synopsis Trade Policy Reforms and Development by : S. K. Jayasuriya
Download or read book Trade Policy Reforms and Development written by S. K. Jayasuriya and published by Edward Elgar Publishing. This book was released on 2005-01-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd's own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
Book Synopsis Trade Policy and Global Growth by : Robert A. Blecker
Download or read book Trade Policy and Global Growth written by Robert A. Blecker and published by Routledge. This book was released on 2016-09-16 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of essays offers critical perspectives on current issues in the international economy. Divided into four parts, U.S. Trade Policy and Global Growth discusses managed trade and international interdependence, the effect of trade on domestic wages and employment, the costs and benefits of trade protection, and likely effects of NAFTA. The collection also addresses the U.S. trade deficit and presents a Keynesian proposal for international monetary reform. Part IV focuses on issues facing developing countries in the areas of trade, industrial, and financial policy. Rejecting the dogma that pure free-market policies should be accepted as articles of religious faith, in either international trade or domestic policy, the contributors search for trade and macro policies that can achieve balanced growth with high employment and an equitable distribution of income in both the United States and the rest of the world.
Book Synopsis Handbook of Trade Policy for Development by : Arvid Lukauskas
Download or read book Handbook of Trade Policy for Development written by Arvid Lukauskas and published by OUP Oxford. This book was released on 2013-10-10 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are many textbooks devoted to international trade but few volumes that survey trade theory, policy, and negotiations in a concise, up-to-date manner from an interdisciplinary perspective. This book provides a comprehensive overview of the issues that dominate both academic discourse and the policymaking arena in the field of international trade, bringing to bear the insights of economics, law, and political science. It also stands out by virtue of its emphasis on the development implications of trade, an increasingly useful perspective given the deepening liberalization of developing and emerging market economies and their growing importance in the world economy. The volume examines the full range of trade policy topics that dominate contemporary debates, such as rules of origin, trade in services, competition, public procurement, and trade facilitation, plus emergent controversial topics like trade-related labour standards and environmental issues. It analyses the international trade architecture and the institutional and practical aspects of policymaking and negotiations at the unilateral, multilateral, and regional level, as well as the effects of trade on economic growth, inequality, and poverty. It also explores the sharp increase in the number of preferential trade agreements and their significance for the global trade system. The treatment of each issue is rigorous, yet highly accessible to anyone with a basic background in economics, law, and international political economy.
Book Synopsis The Economic Role of International Trade in Canada's Future by : Caroline Mutuku
Download or read book The Economic Role of International Trade in Canada's Future written by Caroline Mutuku and published by GRIN Verlag. This book was released on 2018-07-18 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: Document from the year 2018 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1, , language: English, abstract: In the past decade, the Canadian economy experienced stagnation owing to the existence of unfavorable economic trends in the regional and global economy. It is argued that Canadian economy slipped into a recession because of the challenges faced in building its competitiveness in the international trade network. For instance, Canada has been relying on regional trade, especially with the United States which accounts for the highest portion of international exports, and this aspect is linked to the crippling of the Canadian economy. Therefore, internationalization of trade activities appears to be one of the most reliable approaches for aligning the country’s economy with the 21st century global economy. This approach will enable the country to increase its export levels which will, in turn, increase the Gross Domestic Product of Canada. This is probably why Laurin (2013) remarks “There is a growing perception that Canadian businesses need to turn their attention to overseas markets and shift their business strategies to adapt a new global environment’. As such, the current approach by Canadian premiers to establish trade agreements with international trade partners seem to be an amicable answer to economic tantrums in the Canadian economy. The new approach bears significant economic roles in the Canadian economic prospects in the future. According to the Council of the Federation, it is apparent that “strengthening Canada’s trade and investment linkages with the global economy will mean addressing challenges and taking advantage of new opportunities”. This aspect is reaffirmed by Passaris (2013) who observes “International trade is both the heartbeat and the lifeblood of the Canadian economy. In fact, international trade has empowered Canada to side-step economic theory”.Therefore, this paper will give an overview on the economic role of international trade in Canada’s future.
Book Synopsis Essays on International Trade Policy by : Asrat Tesfayesus
Download or read book Essays on International Trade Policy written by Asrat Tesfayesus and published by . This book was released on 2013 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the advent of WWII, artificial trade barriers had reached their 20th century peaks. Drastic protectionist measures, aggravated by a worldwide economic depression, led to the significant decline in international trade which in effect further prolonged the economic crises. However, after the end of WWII, among other serious measures taken to promote international economic integration, the General Agreement on Tariffs and Trade (GATT) was put into effect. Since 1948, the GATT has been effectively used as an instrument to gradually and substantially reduce international trade barriers. These reductions were implemented after multilaterally agreed upon reciprocal concessions were negotiated and signed during the 8 different Rounds that the GATT successfully facilitated. While the primary objective of liberalizing trade is at the essence of these rounds, what negotiators negotiate about in how to share the gains from trade that ensue is less apparent. Furthermore, the GATT as an instrument has been functioning under the auspices of the World Trade Organization (WTO) since 1995. With more countries involved and more varied tradable outputs to negotiate over, the magnitude of the pareto improving gains from trade is increasingly substantial. Since its inception, the WTO has put tremendous effort and resources to continue the process of trade liberalization. However, the Doha Round, the only WTO Round, has yet to show any substantial progress after 12 years since it began in 2001. Why member states fail to reach an agreement has yet to be answered. In this dissertation, I shed some light on both questions. First, using a select number of developing countries I provide an empirical support to the terms of trade theory; which argues that negotiators negotiate and enter into trade agreement in order to escape from a terms of trade prisoner's dilemma. Negotiators agree to reciprocally internalize externalities they impose on each other in order to create a more efficient international trade environment. Secondly, I argue that in light of the participation of a larger number of asymmetrically informed member states dealing with a much greater scope of issues that have to all be settled at once, the delay in the Doha Round completion can be explained by negotiating parties engaging in a war of attrition. A negotiator who does not know its trading partners' cost of waiting and valuation of outcome is more likely to attempt to wait it out until all trading partners concede. Consequently, the group as a whole is left with an inefficient amount of delay that could potentially be alleviated by an imposition of a strict deadline by which time an agreement has to be reached. Finally, I provide some empirical evidence to show how the war of attrition story is aggravated by the sudden proliferation in the use of Regional Trade Agreements (RTA) since the early 1990s.
Book Synopsis Trade, Tariffs, and Growth by : Jagdish N. Bhagwati
Download or read book Trade, Tariffs, and Growth written by Jagdish N. Bhagwati and published by Cambridge, Mass. : M.I.T. Press. This book was released on 1969 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Bhagwati has brought together in this volume his most important theoretical writings on international economics through 1969. A major contribution to the pure theory of international trade -- his Economic Journal survey of the subject -- is reprinted with an addendum which brings it up to date. In addition, there are papers on propositions relating to gains from trade, and papers on tariffs, quotas and subsides, which cover both 'positive' and welfare aspects of trade theory. Reprinted here are his well-known papers on immiserizing growth, including a recent generalization, and on the theory of optimal policy intervention under domestic distortions. Four important essays on growth and development round out the volume. The fifteen essays reprinted in this collection comprise all the most original contributions and surveys which have established Professor Bhagwati as a leading theorist of international trade. The wide range of topics covered makes the whole book invaluable to all students of international economics.
Book Synopsis Trade, Development and Political Economy by : D. Lal
Download or read book Trade, Development and Political Economy written by D. Lal and published by Springer. This book was released on 2001-03-28 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade, Development and Political Economy takes fundamental issues in trade and development policy and subjects them to well-based economic analysis in a form that is easily accessible to the non-specialist. Distinguished contributors address some of the following questions: Are critics of outward-orientated development wrong? What caused the financial crisis of East Asia? Who supports trade and aid in the US? And, what are the conditions needed to promote growth? They also look forward to what trade policies and agreements will be needed in the future.
Book Synopsis Essays in International Economics by : Peter B. Kenen
Download or read book Essays in International Economics written by Peter B. Kenen and published by Princeton University Press. This book was released on 2019-01-29 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written form 1957 through 1978 by one of the foremost authorities in the field of international economics, this collection of Peter Kenen's previously published essays deals with issues in the pure theory of international trade, international monetary theory, and international monetary reform. The essays in Part I, "Trade, Tariffs, and Welfare," concern the roles of tangible and human capital in the determination of trade patterns, the joint determination of demand conditions and trade patterns, the gains from international trade, and the effects of migration on economic welfare. Part II, "International Monetary Theory and Policy," contains essays on the theory of gold-exchange standard, the determination of forward exchange rates, the demand for international reserves, economic integration and the delineation of currency areas, and the process of balance of payments adjustment under pegged and floating exchange rates. The essays in Part III, "Monetary Reform and the Dollar," are arranged in chonological order, from 1963 through 1977, and focus on the problems and progress of international monetary reform and on the functioning of the present international monetary system. Peter B. Kenen is Walker Professor of Economics and International Finance at Princeton University. The Princeton Sereies of Collected Essays provides facsimile reprints, in paperback and in cloth, of important articles by leading scholars. Originally published in 1981. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Book Synopsis International Trade Theory and Policy by : Warner Max Corden
Download or read book International Trade Theory and Policy written by Warner Max Corden and published by . This book was released on 1992 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Max Corden has become established as one of the world's leading authorities on international trade theory. This text provides a selection of some of his most important work including, empirical work on protection and a review of the normative theory of international trade.
Book Synopsis Essays on Institutional and Macroeconomic Aspects of International Trade by : David J. Kuenzel
Download or read book Essays on Institutional and Macroeconomic Aspects of International Trade written by David J. Kuenzel and published by . This book was released on 2014 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: The overarching theme of this dissertation is the analysis of institutional and macroeconomic factors that shape and interact with international trade. Chapters 1, 2 and 4 of this dissertation examine how institutional arrangements impact trade policy decisions and bilateral trade flows, while chapter 3 analyzes how the structural composition of trade affects macroeconomic development. Chapters 1 and 2 focus on the emergence of trade disputes in the World Trade Organization (WTO). Starting out in chapter 1 with a thorough stylized facts analysis of the usage pattern of the WTO dispute settlement mechanism, chapter 2 develops and empirically tests a model of members' selection into WTO disputes which can account for a number of key discoveries in the data. In particular, I extend the standard WTO theory by incorporating a link between endogenous trade policy formation and agreement violation and dispute filing decisions. I show that countries are more likely to engage in trade disputes as complainants or defendants when they have a small ``tariff overhang'', which represents the difference between bound tariffs (by WTO negotiations) and the actually applied tariffs. Chapter 3 considers the question whether the structure of a nation's trade flows has a clear-cut effect on economic growth. In the growth determinants literature, numerous alternative candidate regressors have been motivated by alternative theories but not one trade regressor has been robustly related to growth. Instead of relying on aggregate trade measures as previous studies, chapter 3 proposes a structured approach and examines the diversity of sectoral exports as a potential growth determinant. Controlling for model uncertainty and endogeneity, chapter 3 shows that export diversity serves as a crucial growth determinant for low income countries, an effect that weakens with the level of development. Chapter 4 examines to what extent underlying differences in the design of preferential trade agreements (PTAs) are responsible for the observed heterogeneity in PTA effects on bilateral trade flows. Controlling in the estimation framework for multilateral resistance terms and bilateral heterogeneity to reduce omitted variable and endogeneity biases, chapter 4 shows that PTAs focusing on goods trade liberalization and the legal enforceability of agreement provisions are most successful in raising trade flows. Moreover, countries' efforts to harmonize product standards and other regulations decrease bilateral trade flows, at least initially. The results also show that the underlying agreement dimension effects mostly operate through the intensive margin of trade.
Book Synopsis The Economics of Preferential Trade Agreements by : Jagdish N. Bhagwati
Download or read book The Economics of Preferential Trade Agreements written by Jagdish N. Bhagwati and published by American Enterprise Institute Press. This book was released on 1996 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Essays in this volume were presented originally at a conference organized jointly by the American Enterprise Institute, Washington, D.C., and the Center for International Economics at the University of Maryland at College Park on June 12-13, 1996"--Pref. Includes bibliographical references and index.
