The WTO Promotes Trade, Strongly But Unevenly

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Publisher : International Monetary Fund
ISBN 13 : 1451859430
Total Pages : 41 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The WTO Promotes Trade, Strongly But Unevenly by : Mr.Arvind Subramanian

Download or read book The WTO Promotes Trade, Strongly But Unevenly written by Mr.Arvind Subramanian and published by International Monetary Fund. This book was released on 2003-09-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper furnishes robust evidence that the GATT/WTO has had a powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports estimated at about 40 percent of world trade. The same has not been true for developing country members, although those that joined after the Uruguay Round have benefited from increased imports. Similarly, there have been asymmetric effects among sectors, with WTO membership associated with substantially greater imports in sectors where barriers are low. These results are consistent with the history and design of the institution, which presided over significant trade liberalization by the industrial countries except in sectors such as food and clothing; largely exempted developing countries from the obligations to liberalize under the principle of special and differential treatment; but attempted to redress the latter by imposing greater obligations on developing country members that joined after the Uruguay Round.

In Search of WTO Trade Effects

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Publisher : International Monetary Fund
ISBN 13 : 1451871783
Total Pages : 32 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis In Search of WTO Trade Effects by : Theo S. Eicher

Download or read book In Search of WTO Trade Effects written by Theo S. Eicher and published by International Monetary Fund. This book was released on 2009-02-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature measuring the impact of Preferential Trade Agreements (PTA) and WTO membership on trade flows has produced remarkably diverse results. Rose's (2004) seminal paper reports a range of specifications that show no WTO effects, but Subramanian and Wei (2007) contend that he does not fully control for multilateral resistance (which could bias WTO estimates). Subramanian and Wei (2007) address multilateral resistance comprehensively to report strong WTO trade effects for industrialized countries but do not account for unobserved bilateral heterogeneity (which could inflate WTO estimates). We unify these two approaches by accounting for both multilateral resistance and unobserved bilateral heterogeneity, while also allowing for individual trade effects of PTAs. WTO effects vanish and remain insignificant throughout once multilateral resistance, unobserved bilateral heterogeneity, and individual PTA effects are introduced. The result is robust to the use of alternative definitions and coding conventions for WTO membership that have been employed by Rose (2004), Tomz et al. (2007), or by Subramanian and Wei's (2007).

Accession to the World Trade Organization

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Publisher : Edward Elgar Publishing
ISBN 13 : 1788112598
Total Pages : 360 pages
Book Rating : 4.7/5 (881 download)

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Book Synopsis Accession to the World Trade Organization by : Dylan Geraets

Download or read book Accession to the World Trade Organization written by Dylan Geraets and published by Edward Elgar Publishing. This book was released on 2018 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: This detailed and perceptive book examines the extent and scope of how rules for accession to the WTO may vary between countries, approaching the concerns that some countries enter with a better deal than others. Dylan Geraets critiques these additional ‘rules’ and aims to answer the question of whether new Members of the WTO are under stricter rules than the original Members, whilst analysing the accession process to the multilateral trading system.

International Arbitration and Global Governance

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Publisher : OUP Oxford
ISBN 13 : 0191026131
Total Pages : 272 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis International Arbitration and Global Governance by : Walter Mattli

Download or read book International Arbitration and Global Governance written by Walter Mattli and published by OUP Oxford. This book was released on 2014-07-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most literature on international arbitration is practice-oriented, technical, and promotional. It is by arbitrators and largely for arbitrators and their clients. Outside analyses by non-participants are still very rare. This book boldly steps away from this tradition of scholarship to reflect analytically on international arbitration as a form of global governance. It thus contributes to a rapidly growing literature that describes the profound economic, legal, and political transformation in which key governance functions are increasingly exercised by a new constellation that include actors other than national public authorities. The book brings together leading scholars from law and the social sciences to assess and critically reflect on the significance and implications of international arbitration as a new locus of global private authority. The views predictably diverge. Some see the evolution of these private courts positively as a significant element of an emerging transnational private legal system that gradually evolves according to the needs of market actors without much state interference. Others fear that private courts allow transnational actors to circumvent state regulation and create an illegitimate judicial system that is driven by powerful transnational companies at the expense of collective public interests. Still others accept that these contrasting views serve as useful starting points of an analysis but are too simplistic to adequately understand the complex governance structures that international arbitration courts have been developing over the last two decades. In sum, this book offers a wide-ranging and up-to-date analytical overview of arguments in a vigorous nascent interdisciplinary debate about arbitration courts and their exercise of private governance power in the transnational realm. This debate is generating fascinating new insights into such central topics as legitimacy, constitutional order and justice beyond classical nation state institutions.

The World Economy

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Publisher : John Wiley & Sons
ISBN 13 : 1444343971
Total Pages : 275 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis The World Economy by : David Greenaway

Download or read book The World Economy written by David Greenaway and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the seventeenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues Analyses global trade policy in Turkey, China and The Dominican Republic, and a survey by Tarlok Singh questions whether international trade does cause economic growth Includes chapters exploring WTO issues, and a section on regional trading agreements

The State of Agricultural Commodity Markets 2022

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Publisher : Food & Agriculture Org.
ISBN 13 : 9251363730
Total Pages : 128 pages
Book Rating : 4.2/5 (513 download)

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Book Synopsis The State of Agricultural Commodity Markets 2022 by : Food and Agriculture Organization of the United Nations

Download or read book The State of Agricultural Commodity Markets 2022 written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2022-06-27 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The State of Agricultural Commodity Markets 2022 (SOCO 2022) discusses how trade policies, based on both multilateral and regional approaches, can address today’s challenges for sustainable development. Trade policies in food and agriculture should aim to safeguard global food security, address the trade-offs between economic and environmental objectives, and strengthen the resilience of the global agrifood system to shocks, such as conflicts, pandemics and extreme weather. The report discusses the geography of trade, analysing food and agricultural trade and its patterns across countries and regions, its drivers and the trade policy environment. Comparative advantage, trade policies and trade costs shape the patterns of trade in food and agriculture. When comparative advantage plays out in the global market, trade benefits all countries. Lowering tariff barriers and reducing trade costs can promote trade and economic growth. Both multilateral and regional trade agreements can facilitate the process of making trade an avenue for growth but the gains of trade are distributed unevenly. When global environmental impacts, such as climate change, are considered, a multilateral approach to trade can help expand the reach of mitigation measures.

Power and the Governance of Global Trade

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Publisher : Cornell University Press
ISBN 13 : 0801459710
Total Pages : 197 pages
Book Rating : 4.8/5 (14 download)

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Book Synopsis Power and the Governance of Global Trade by : Soo Yeon Kim

Download or read book Power and the Governance of Global Trade written by Soo Yeon Kim and published by Cornell University Press. This book was released on 2010 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Power and the Governance of Global Trade, Soo Yeon Kim analyzes the design, evolution, and economic impact of the global trade regime, focusing on the power politics that prevailed in the regime and shaped its distributive impact on global trade. Using documents now available from the archives of the General Agreement on Tariffs and Trade (GATT), Kim examines the institutional origins and critical turning points in the evolution of the GATT, as well as preferences of the lesser powers of the developing world that were the subject of heated debate over the International Trade Organization (ITO), which failed to materialize.Using quantitative analysis, Kim assesses the impact of the global trade regime on international trade and finds that the rules of trade forged by the great powers resulted in a developmental divide, in which industrialized countries benefited from trade expansion but developing countries reaped far fewer gains. The findings indicate that a successful conclusion to the Doha Round of the World Trade Organization (WTO) is urgently needed to mitigate the developmental divide by increasing trade between the industrialized and developing worlds.Kim offers a timely reading of the GATT/WTO system as a way to think about how trade and globalization more broadly may be governed in this post-Cold War century, as the global economy contends with a new geopolitical configuration featuring rising powers from the developing world. Important trading nations such as China, India, and other emergent actors in the G-20 countries, Kim argues, reflect the new power politics that will shape the course of global trade governance in the years to come.

Global Perspectives on Trade Integration and Economies in Transition

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Publisher : IGI Global
ISBN 13 : 1522504524
Total Pages : 407 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Global Perspectives on Trade Integration and Economies in Transition by : Erokhin, Vasily

Download or read book Global Perspectives on Trade Integration and Economies in Transition written by Erokhin, Vasily and published by IGI Global. This book was released on 2016-06-16 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the era of globalization, foreign trade has an immense impact upon modern economies. To succeed in the global marketplace, sustainable development in trade practices is an imperative goal for countries to reach. Global Perspectives on Trade Integration and Economies in Transition is an authoritative reference source for the latest research on the dynamics of transitional economies and how certain obstacles can disrupt the effectiveness of the transition process. Highlighting the value of trade incorporation at the national and international levels, this book is ideally designed for researchers, professionals, government officials, policy makers, and upper-level students interested in the intersection of globalization, trade, and international economics.

European Economic Integration, Wto Membership, Immigration and Offshoring

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Publisher : World Scientific
ISBN 13 : 9814440191
Total Pages : 434 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis European Economic Integration, Wto Membership, Immigration and Offshoring by : Wilhelm K. Kohler

Download or read book European Economic Integration, Wto Membership, Immigration and Offshoring written by Wilhelm K. Kohler and published by World Scientific. This book was released on 2014 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a collection of papers that apply general equilibrium theory in order to obtain policy relevant insights on topical issues of international trade and migration. The first set of papers focuses on European integration, applying dynamic numerical general equilibrium methods to quantify the effects of geographic extension of the European Union, including the effects of Eastern enlargement of the EU on incumbent Western member countries. The second set of papers deals with the trade effects of WTO membership, with special focus on the so-called extensive country margin, where new international trading relationships are formed. The third set of papers focuses on immigration, offering a rigorous theoretical analysis of the so-called immigration surplus as well as an econometric estimation of the gains and pain that Germany has forgone by initially restricting immigration from new EU member countries after the EU''s Eastern enlargement in 2004. And finally, the book contains a set of theoretical papers on the distributional effects of offshoring. Contents: Introduction; Modeling EU-Type Economic Integration: Eastern Enlargement of the EU: Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries (Ben J Heijdra, Christian Keuschnigg and Wilhelm Kohler); Eastern Enlargement of the EU: A Comprehensive Welfare Assessment (Wilhelm Kohler); The Role of Distance and WTO Membership for Trade: Exploring the Intensive and Extensive Margins of World Trade (Gabriel J Felbermayr and Wilhelm Kohler); WTO Membership and the Extensive Margin of World Trade: New Evidence (Gabriel J Felbermayr and Wilhelm Kohler); Offshoring: A New Form of Trade, Conventional Mechanisms?: The Distributional Effects of International Fragmentation (Wilhelm Kohler); Aspects of International Fragmentation (Wilhelm Kohler); International Outsourcing and Factor Prices with Multistage Production (Wilhelm Kohler); The Bazaar Effect, Unbundling of Comparative Advantage, and Migration (Wilhelm Kohler); International Migration: Gains and Pains?: Immigration and Native Welfare (Gabriel J Felbermayr and Wilhelm Kohler); Can International Migration Ever Be Made a Pareto Improvement? (Gabriel Felbermayr and Wilhelm Kohler); Restrictive Immigration Policy in Germany: Pains and Gains Foregone? (Gabriel Felbermayr, Wido Geis and Wilhelm Kohler). Readership: Postgraduate students and researchers in the field of international economics.

The WTO and Economic Development

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Publisher : MIT Press
ISBN 13 : 0262552108
Total Pages : 377 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis The WTO and Economic Development by : Ben Zissimos

Download or read book The WTO and Economic Development written by Ben Zissimos and published by MIT Press. This book was released on 2024-05-21 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists offer rigorous quantitative analyses of how the institutional design and purpose of the WTO (and its progenitor, the GATT) affect economic development. The World Trade Organization (WTO) was established partly to support economic development in developing countries through international trade. This goal has been elusive, with some questioning the WTO's ability to achieve such a goal. In this volume, leading scholars in the economics of international trade offer rigorous quantitative analyses of how the institutional design and purpose of the WTO (and its progenitor, the GATT) affect economic development. The volume begins with analyses of market access concessions that have been or could be exchanged between developing and developed countries, from a formal framework for incorporating non-tariff measures into a model for analyzing a multilateral trade agreement to an examination of the MFN (most-favored nation) free rider problem. Contributors then develop new theoretical and econometric approaches for understanding key aspects of trade liberalization under the GATT/WTO that are of particular relevance to economic development, considering such topics as achieving cooperation in eliminating prohibitive trade barriers and the effect of China's export subsidies on its dramatic growth in exports. Finally, the book considers two significant new issues that arose from the Uruguay round, from which the WTO was formed: the TRIPS agreement, regulating intellectual property; and the resolution of trade disputes with and without litigation. Taken together, these analyses shed new light on the relationship between trade liberalization and economic development as well as the WTO's effectiveness.

Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications

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Publisher : IGI Global
ISBN 13 : 1799824497
Total Pages : 2100 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications by : Management Association, Information Resources

Download or read book Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2020-02-07 with total page 2100 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, accelerated by information technologies, has increased the speed of business transactions and has reduced the distances between international businesses. This growth has transformed the realm of foreign investment in countries around the world, calling for a methodological approach to planning feasible capital investment proposals in general and foreign direct investment projects. Foreign Direct Investments: Concepts, Methodologies, Tools, and Applications is a vital reference source that explores the importance of global stocks to economic structures and explores the effects that these holdings have on the financial status of nations. It also provides a systems approach to investment projects in a globalized and open society. Highlighting a range of topics such as foreign direct investors, risk analysis, and sourcing strategies, this multi-volume book is ideally designed for business managers, executives, international companies, entrepreneurs, researchers, academicians, graduate students, policymakers, investors, and project managers.

Assessing the World Trade Organization

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Publisher : Cambridge University Press
ISBN 13 : 1108148409
Total Pages : 469 pages
Book Rating : 4.1/5 (81 download)

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Book Synopsis Assessing the World Trade Organization by : Manfred Elsig

Download or read book Assessing the World Trade Organization written by Manfred Elsig and published by Cambridge University Press. This book was released on 2017-04-27 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization (WTO) recently celebrated twenty years of existence. The general wisdom is that its dispute settlement institutions work well and its negotiation machinery goes through a phase of prolonged crises. Assessing the World Trade Organization overcomes this myopic view and takes stock of the WTO's achievements whilst going beyond existing disciplinary narratives. With chapters written by scholars who have closely observed the development of the WTO in recent years, this book presents the state of the art in thinking about WTO performance. It also considers important issues such as the origins of the multilateral system, the accession process and the WTO's interaction with other international organisations. The contributions shed new light on untold stories, critically review and present existing scholarship, and sketch new research avenues for a future generation of trade scholars. This book will appeal to a wide audience that aims to better understand the drivers and obstacles of WTO performance.

Recently Acceded Members of the World Trade Organization

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Publisher : Springer
ISBN 13 : 9811391599
Total Pages : 353 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Recently Acceded Members of the World Trade Organization by : Kenji Takamiya

Download or read book Recently Acceded Members of the World Trade Organization written by Kenji Takamiya and published by Springer. This book was released on 2019-07-15 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book sheds light on trade policies of developing economies that joined the multilateral trading system after establishment of the World Trade Organization (WTO) in 1995, once known as the recently acceded members (RAMs). Its detailed case studies on Georgia, the People’s Republic of China, Viet Nam and Ecuador examine their engagement in accession and Doha Round negotiations and, where relevant, dispute settlement at the WTO. Using the economic theories of trade agreements and negotiations as a guide for intellectual inquiries, this book assesses motivations accounting for the RAMs’ evolving behaviors in the multilateral trading system. The first two chapters present background and overview, followed by four chapters on country-specific case studies. The book is concluded with the last chapter that provides one possible explanation of why the Doha Round has been faced with deadlocks while accession and dispute settlement have been working effectively.

WTO Accessions and Trade Multilateralism

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Publisher : Cambridge University Press
ISBN 13 : 1316368661
Total Pages : 1015 pages
Book Rating : 4.3/5 (163 download)

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Book Synopsis WTO Accessions and Trade Multilateralism by : Uri Dadush

Download or read book WTO Accessions and Trade Multilateralism written by Uri Dadush and published by Cambridge University Press. This book was released on 2015-09-10 with total page 1015 pages. Available in PDF, EPUB and Kindle. Book excerpt: What have WTO accessions contributed to the rules-based multilateral trading system? What demands have been made by original WTO members on acceding governments? How have the acceding governments fared? This volume of essays offers critical readings on how WTO accession negotiations have expanded the reach of the multilateral trading system not only geographically but also conceptually, clarifying disciplines and pointing the way to their further strengthening in future negotiations. Members who have acceded since the WTO was established now account for twenty per cent of total WTO membership. In the age of globalization there is an increased need for a universal system of trade rules. Accession negotiations have been used by governments as an instrument for domestic reforms, and one lesson from the accession process is that there are contexts which lead multilateral trade negotiations to successful outcomes even in the complex and multi-polar twenty-first century economic environment.

International Institutions and Economic Development in Asia

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Publisher : Routledge
ISBN 13 : 1136839178
Total Pages : 235 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis International Institutions and Economic Development in Asia by : Thanh Tri Vo

Download or read book International Institutions and Economic Development in Asia written by Thanh Tri Vo and published by Routledge. This book was released on 2010-11-16 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Are international and Asian regional institutions serving the development goals of Asian and Pacific Economies as well they should? The global economy, led by the Asia Pacific region, has undergone immense change and growth. Have the existing institutions and arrangements been able to keep pace with those changes in the global economy? International Institutions and Asian Development tackles these questions and is an essential book for the assessment of regional and international institutions, as well as policy prescriptions for reforming them to ensure they deliver on sustainable, peaceful growth and development in the region. Drawing from papers presented to the 32nd Pacific Trade and Development conference in Hanoi in 2007, the contributions by distinguished authors add to the understanding of the purpose, evolution, relevance and gaps in regional and global institutions and their arrangements. Shiro Armstrong is a Research Fellow at the Crawford School of Economics and Government at the Australian National University. Vo Tri Thanh is Director of the Department for International Economic Integration Studies of the Central Institute of Economic Management in Vietnam

International Economic Law

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Publisher : Bloomsbury Publishing
ISBN 13 : 184731418X
Total Pages : 344 pages
Book Rating : 4.8/5 (473 download)

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Book Synopsis International Economic Law by : Colin Picker

Download or read book International Economic Law written by Colin Picker and published by Bloomsbury Publishing. This book was released on 2008-04-08 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Bretton Woods' has become shorthand for the post-war international financial and economic framework. Mindful of the historic 1944 conference and its legacy for the discipline of international economic law, the American Society of International Law's International Economic Law Group (IELG) chose Bretton Woods as the venue for a landmark scholarly meeting. In November of 2006, a diverse group of academics and practitioners gathered to reflect on the past, present and future of international economic law. They sought to survey and advance three particular areas of endeavour: research and scholarship, teaching, and practice/service. This book represents an edited collection of some of the exceptional papers presented at the conference including contributions from Andreas Lowenfeld, Joel Trachtman, Amelia Porges and Andrew Lang. The volume is organised into three parts, each covering one of the three pillars in the discipline of international economic law: research and scholarship; teaching; and practice/service. It begins with an assessment of the state and future of research in the field, including chapters on questions such as: what is international economic law? Is it a branch of international law or of economic law? How do fields outside of law, such as economics and international relations, relate to international economic law? How do research methodologies influence policy outcomes? The second part examines the state and future of teaching in the subject. Chapters cover topics such as: how and where is international economic law taught? Is the training provided in the law schools suitable for future academics, government officials, or practitioners? How might regional shortcomings in academic resources be addressed? The final part of the book focuses on the state and future of international economic law practice in the Bretton Woods era, including institutional reform. The contributors consider issues such as: what is the nature of international economic law practice? What are the needs of practitioners in government, private practice, international and non-governmental organisations? Finally, how have the Bretton Woods institutions adapted to these and other challenges-and how might they better respond in the future? International Economic Law: The State and Future of the Discipline will be of interest to lawyers, economists and other professionals throughout the world-whether in the private, public, academic or non-governmental sectors-seeking both fresh insights and expert assessments in this expanding field. Indeed, the book itself promises to play a role in the next phase of the development of international economic law.

The Handbook of Global Trade Policy

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Publisher : John Wiley & Sons
ISBN 13 : 1119167388
Total Pages : 624 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis The Handbook of Global Trade Policy by : Andreas Klasen

Download or read book The Handbook of Global Trade Policy written by Andreas Klasen and published by John Wiley & Sons. This book was released on 2020-02-03 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a state-of-the-art overview of international trade policy research The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade. Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview: Integrates new data and up-to-date research in the field Offers an interdisciplinary approach to examining global trade policy Introduces fundamental concepts of global trade in an understandable style Combines contemporary economic, legal, financial, and policy topics Presents a wide range of perspectives on current issues surrounding trade practices and policies The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.