Power Shifts And New Blocs In The Global Trading System

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Power Shifts and New Blocs in the Global Trading System

Author : Associate Professor of Economics Sanjaya Baru
Publisher : Routledge
ISBN 13 : 9781138466524
Total Pages : 152 pages
Book Rating : 4.4/5 (665 download)

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Book Synopsis Power Shifts and New Blocs in the Global Trading System by : Associate Professor of Economics Sanjaya Baru

Download or read book Power Shifts and New Blocs in the Global Trading System written by Associate Professor of Economics Sanjaya Baru and published by Routledge. This book was released on 2020-09-30 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economic powers from the developing world, particularly China, have emerged in the past few decades, their weight has altered the balance in the global trading system. This has presented challenges in the World Trade Organisation (WTO), where the Doha Round of multilateral negotiations has dragged on for more than a dozen years. Frustrated by this stalemate, many countries have sought alternatives. Among these are �mega-regional� trade agreements such as the proposed Transatlantic Trade and Investment Partnership (TTIP) between the US and EU, and a 16-member Trans-Pacific Partnership (TPP). In this volume, leading commentators � including two former heads of the WTO � examine the possible consequences of this shifting trade landscape. Is globalisation in reverse, and have countries been retreating from liberalisation since the world financial crisis of 2008�09? Are the �mega-regional� deals an existential threat to the WTO regime, or can they be used as building blocks towards wider multilateral agreement on a broad range of issues, from industrial standards to intellectual property rights. And what does it all mean for the balance of geopolitical power between the developed and developing world?

Power Shifts and New Blocs in the Global Trading System

Author : Sanjaya Baru
Publisher :
ISBN 13 : 9781138927247
Total Pages : 151 pages
Book Rating : 4.9/5 (272 download)

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Book Synopsis Power Shifts and New Blocs in the Global Trading System by : Sanjaya Baru

Download or read book Power Shifts and New Blocs in the Global Trading System written by Sanjaya Baru and published by . This book was released on 2015 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: As economic powers from the developing world, particularly China, have emerged in the past few decades, their weight has altered the balance in the global trading system. This has presented challenges in the World Trade Organisation (WTO), where the Doha Round of multilateral negotiations has dragged on for more than a dozen years. Frustrated by this stalemate, many countries have sought alternatives. Among these are 'mega-regional' trade agreements such as the proposed Transatlantic Trade and Investment Partnership (TTIP) between the US and EU, and a 16-member Trans-Pacific Partnership (TPP). In this volume, leading commentators – including two former heads of the WTO – examine the possible consequences of this shifting trade landscape. Is globalisation in reverse, and have countries been retreating from liberalisation since the world financial crisis of 2008–09? Are the 'mega-regional' deals an existential threat to the WTO regime, or can they be used as building blocks towards wider multilateral agreement on a broad range of issues, from industrial standards to intellectual property rights. And what does it all mean for the balance of geopolitical power between the developed and developing world?

Changing Patterns of Global Trade

Author : Nagwa Riad
Publisher : International Monetary Fund
ISBN 13 : 1463973101
Total Pages : 87 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Changing Patterns of Global Trade by : Nagwa Riad

Download or read book Changing Patterns of Global Trade written by Nagwa Riad and published by International Monetary Fund. This book was released on 2012-01-15 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

Global Trends 2040

Author : National Intelligence Council
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

The Collapse of Global Trade, Murky Protectionism, and the Crisis

Author : Richard E. Baldwin
Publisher :
ISBN 13 : 9781907142239
Total Pages : 112 pages
Book Rating : 4.1/5 (422 download)

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Book Synopsis The Collapse of Global Trade, Murky Protectionism, and the Crisis by : Richard E. Baldwin

Download or read book The Collapse of Global Trade, Murky Protectionism, and the Crisis written by Richard E. Baldwin and published by . This book was released on 2011-03 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

Regional Trading Blocs in the World Economic System

Author : Jeffrey A. Frankel
Publisher : Peterson Institute
ISBN 13 : 9780881322026
Total Pages : 392 pages
Book Rating : 4.3/5 (22 download)

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Book Synopsis Regional Trading Blocs in the World Economic System by : Jeffrey A. Frankel

Download or read book Regional Trading Blocs in the World Economic System written by Jeffrey A. Frankel and published by Peterson Institute. This book was released on 1997 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers trends from 1957 to 1995.

Trade Patterns and Global Value Chains in East Asia

Author : World Trade Organization
Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (745 download)

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Book Synopsis Trade Patterns and Global Value Chains in East Asia by : World Trade Organization

Download or read book Trade Patterns and Global Value Chains in East Asia written by World Trade Organization and published by . This book was released on 2011 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Schism

Author : Paul Blustein
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 1928096867
Total Pages : 249 pages
Book Rating : 4.9/5 (28 download)

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Book Synopsis Schism by : Paul Blustein

Download or read book Schism written by Paul Blustein and published by McGill-Queen's Press - MQUP. This book was released on 2019-09-10 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

The Regionalization of the World Economy

Author : Jeffrey A. Frankel
Publisher : University of Chicago Press
ISBN 13 : 0226260224
Total Pages : 295 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis The Regionalization of the World Economy by : Jeffrey A. Frankel

Download or read book The Regionalization of the World Economy written by Jeffrey A. Frankel and published by University of Chicago Press. This book was released on 2007-12-01 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regional economic arrangements such as free trade areas (FTAs), customs unions, and currency blocs, have become increasingly prevalent in the world economy. Both pervasive and controversial, regionalization has some economists optimistic about the opportunities it creates and others fearful that it may corrupt fragile efforts to encourage global free trade. Including both empirical and theoretical studies, this volume addresses several important questions: Why do countries adopt FTAs and other regional trading arrangements? To what extent have existing regional arrangements actually affected patterns of trade? What are the welfare effects of such arrangements? Several chapters explore the economic effects of regional arrangements on patterns of trade, either on price differentials or via the gravity model on bilateral trade flows. In addition, this book examines the theoretical foundation of the gravity model. Making extensive use of the gravity model of bilateral trade, several chapters explore the economic effects of regional arrangements. In addition, this book examines the theoretical foundation of the gravity model.

Dilemmas of a Trading Nation

Author : Mireya Solis
Publisher : Brookings Institution Press
ISBN 13 : 0815729200
Total Pages : 176 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Dilemmas of a Trading Nation by : Mireya Solis

Download or read book Dilemmas of a Trading Nation written by Mireya Solis and published by Brookings Institution Press. This book was released on 2017-08-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The balancing of competing interests and goals will have momentous consequences for Japan—and the United States—in their quest for economic growth, social harmony, and international clout. Japan and the United States face difficult choices in charting their paths ahead as trading nations. Tokyo has long aimed for greater decisiveness, which would allow it to move away from a fragmented policymaking system favoring the status quo in order to enable meaningful internal reforms and acquire a larger voice in trade negotiations. And Washington confronts an uphill battle in rebuilding a fraying domestic consensus in favor of internationalism essential to sustain its leadership role as a champion of free trade. In Dilemmas of a Trading Nation, Mireya Solís describes how accomplishing these tasks will require the skillful navigation of vexing tradeoffs that emerge from pursuing desirable, but to some extent contradictory goals: economic competitiveness, social legitimacy, and political viability. Trade policy has catapulted front and center to the national conversations taking place in each country about their desired future direction—economic renewal, a relaunched social compact, and projected international influence. Dilemmas of a Trading Nation underscores the global consequences of these defining trade dilemmas for Japan and the United States: decisiveness, reform, internationalism. At stake is the ability of these leading economies to upgrade international economic rules and create incentives for emerging economies to converge toward these higher standards. At play is the reaffirmation of a rules-based international order that has been a source of postwar stability, the deepening of a bilateral alliance at the core of America's diplomacy in Asia, and the ability to reassure friends and rivals of the staying power of the United States. In the execution of trade policy today, we are witnessing an international leadership test dominated by domestic governance dilemmas.

World Development Report 2020

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464814953
Total Pages : 545 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis World Development Report 2020 by : World Bank

Download or read book World Development Report 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-19 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Power on the Precipice

Author : Andrew Imbrie
Publisher : Yale University Press
ISBN 13 : 0300256108
Total Pages : 271 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Power on the Precipice by : Andrew Imbrie

Download or read book Power on the Precipice written by Andrew Imbrie and published by Yale University Press. This book was released on 2020-09-08 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: An essential guide to renewing American leadership in a turbulent, polarized, and postdominant world Is America fated to decline as a great power? Can it recover? With absorbing insight and fresh perspective, foreign policy expert Andrew Imbrie provides a road map for bolstering American leadership in an era of turbulence abroad and deepening polarization at home. This is a book about choices: the tough policy trade-offs that political leaders need to make to reinvigorate American money, might, and clout. In the conventional telling, the United States is either destined for continued dominance or doomed to irreversible decline. Imbrie argues instead that the United States must adapt to changing global dynamics and compete more wisely. Drawing on the author’s own experience as an adviser to Secretary of State John Kerry, as well as on interviews and comparative studies of the rise and fall of nations, this book offers a sharp look at American statecraft and the United States’ place in the world today.

Geo-economics and Power Politics in the 21st Century

Author : Mikael Wigell
Publisher : Routledge
ISBN 13 : 1351172263
Total Pages : 276 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Geo-economics and Power Politics in the 21st Century by : Mikael Wigell

Download or read book Geo-economics and Power Politics in the 21st Century written by Mikael Wigell and published by Routledge. This book was released on 2018-07-06 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

Preventive Engagement

Author : Paul B. Stares
Publisher : Columbia University Press
ISBN 13 : 0231544189
Total Pages : 287 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Preventive Engagement by : Paul B. Stares

Download or read book Preventive Engagement written by Paul B. Stares and published by Columbia University Press. This book was released on 2017-12-19 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States faces an increasingly turbulent world. The risk of violent conflict and other threats to international order presents a vexing dilemma: should the United States remain the principal guarantor of global peace and security with all its considerable commitments and potential pitfalls––not least new and costly military entanglements––that over time diminish its capacity and commitment to play this vital role or, alternatively, should it pull back from the world in the interests of conserving U.S. power, but at the possible cost of even greater threats emerging in the future? Paul B. Stares proposes an innovative and timely strategy—“preventive engagement”—to resolve America’s predicament. This approach entails pursuing three complementary courses of action: promoting policies known to lessen the risk of violent conflict over the long term; anticipating and averting those crises likely to lead to costly military commitments in the medium term; and managing ongoing conflicts in the short term before they escalate further and exert pressure on the United States to intervene. In each of these efforts, forging “preventive partnerships” with a variety of international actors, including the United Nations, regional organizations, nongovernmental organizations, and the business community, is essential. The need to think and act ahead that lies at the heart of a preventive engagement strategy requires the United States to become less shortsighted and reactive. Drawing on successful strategies in other areas, Preventive Engagement provides a detailed and comprehensive blueprint for the United States to shape the future and reduce the potential dangers ahead.

The History and Future of the World Trade Organization

Author : Craig VanGrasstek
Publisher :
ISBN 13 :
Total Pages : 704 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The History and Future of the World Trade Organization by : Craig VanGrasstek

Download or read book The History and Future of the World Trade Organization written by Craig VanGrasstek and published by . This book was released on 2013 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: The History and Future of the World Trade Organization is a comprehensive account of the economic, political and legal issues surrounding the creation of the WTO and its evolution. Fully illustrated with colour and black-and-white photos dating back to the early days of trade negotiations, the publication reviews the WTO's achievements as well as the challenges faced by the organisation, and identifies the key questions that WTO members need to address in the future. The book describes the intellectual roots of the trading system, membership of the WTO and the growth of the Geneva trade community, trade negotiations and the development of coalitions among the membership, and the WTO's relations with other international organisations and civil society. Also covered are the organisation's robust dispute settlement rules, the launch and evolution of the Doha Round, the rise of regional trade agreements, and the leadership and management of the WTO.

Mega-regionalism and Great Power Geo-economic Competition

Author : Xianbai Ji
Publisher : Routledge
ISBN 13 : 1000454975
Total Pages : 204 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Mega-regionalism and Great Power Geo-economic Competition by : Xianbai Ji

Download or read book Mega-regionalism and Great Power Geo-economic Competition written by Xianbai Ji and published by Routledge. This book was released on 2021-09-22 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The regional trade governance architecture is in flux. The latest wave of regionalism in the form of mega-regional trade partnerships between countries with major shares of the world economy occurred in the aftermath of the Global Financial Crisis of 2008-09. The most systematically important mega-FTAs included the Trans-Pacific Partnership led by the United States (US), the China-backed Regional Comprehensive Economic Partnership, and the Transatlantic Trade and Investment Partnership between the European Union (EU) and the US. Drawing on policy diffusion and competitive regionalism literatures, Xianbai Ji develops an innovative model of competitive spill-over to uncover the historical and contemporary sources of mega-regionalism resulting from a temporal clustering of mega-FTA initiatives from great powers. In the book, mega-FTA is conceptualised as an instrument of geo-economic competition between the US, China, and the EU. Each aspired to leverage its mega-FTA to gain an edge over its rivals in economic, geopolitical, and legal terms. Through a mix-method research strategy involving computable general equilibrium modelling, game theory, desk research, and perception survey, Ji generates an impressive chorus of quantitative, qualitative, and perceptual data demonstrating that the rise of mega-regionalism was driven by the multidimensional competition between the US, China, and the EU over international economic benefits, geopolitical influence, and the authority to write rules governing emerging trade issues. This book will attract academics, think tankers, practitioners, and postgraduate students interested in regionalism, international trade, international political economy, applied trade policy analysis, great power competition, geo-economics, and international relations.

Trading Blocs

Author : Kerry A. Chase
Publisher : University of Michigan Press
ISBN 13 : 047202289X
Total Pages : 327 pages
Book Rating : 4.4/5 (72 download)

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Book Synopsis Trading Blocs by : Kerry A. Chase

Download or read book Trading Blocs written by Kerry A. Chase and published by University of Michigan Press. This book was released on 2009-09-08 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global commerce is rapidly organizing around regional trading blocs in North America, Western Europe, Pacific Asia, and elsewhere--with potentially dangerous consequences for the world trading system. Professor Kerry Chase examines how domestic politics has driven the emergence of these trading blocs, arguing that businesses today are more favorably inclined to global trade liberalization than in the past because recent regional trading arrangements have created opportunities to restructure manufacturing more efficiently. Trading Blocs is the first book to systematically demonstrate the theoretical significance of economies of scale in domestic pressure for trading blocs, and thereby build on a growing research agenda in areas of political economy and domestic politics. "Chase has written a superb book that provides us with an innovative and compelling explanation for the development of trading blocs." --Vinod Aggarwal, Director, Berkeley APEC Study Center, University of California, Berkeley Kerry A. Chase is Assistant Professor of Political Science at Tufts University.