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Was It Stolper Samuelson Infant Industry Or Something Else
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Book Synopsis Was it Stolper-Samuelson, Infant Industry Or Something Else? by : Jeffrey G. Williamson
Download or read book Was it Stolper-Samuelson, Infant Industry Or Something Else? written by Jeffrey G. Williamson and published by . This book was released on 2003 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses history to explore the empirical content of two determinants of tariff policy that have a long pedigree: the Stolper-Samuelson corollary to the Heckscher-Ohlin theorem, and the infant-industry argument for protection. It reports a set of world tariff facts for the 150 years between 1789 and 1938 that have not been well appreciated. First, tariff rates varied enormously around the globe with high tariff regions including the United States, Latin America, and industrially-lagging Europe, and the low tariff regions including Asia and the European industrial leaders. Second, while tariff rates rose on the European continent after the 1870s, they rose far more steeply and earlier in Latin America and industrially-lagging Europe, and more steeply even in Asia. Furthermore, after world tariff rates rose between 1865 and 1900, they then fell by half between 1900 and 1920, before tripling between 1920 and 1934. The most popular explanations for these world tariff facts come from two sources: Stolper-Samuelson -- scarce factors should lobby for protection when exposed to more intense world competition, and scarce factors should win the political battle if their votes carry heavy weight; and national industrial policy -- since late 20th century ISI policies must surely have their roots in the 19th century infant industry arguments. Looking at the same history that Eli Heckscher and Bertil Ohlin did to produce their famous theorem, or that Alexander Hamilton and Frederick List did to produce their equally famous infant industry argument, I find that latter is pretty much irrelevant until the 20th century, while the former starts playing an important role a little earlier when global forces open up in the 19th century. Throughout the 150 years, tariff policy was driven consistently (and often more importantly) by revenue needs and strategic tariff behavior. Geography, home market size, world economic environment, trading partner behavior, gunboats and tariff autonomy all mattered. So did Stolper-Samuelson.
Book Synopsis Economic Growth and the Origins of Modern Political Economy by : Philipp R. Rössner
Download or read book Economic Growth and the Origins of Modern Political Economy written by Philipp R. Rössner and published by Routledge. This book was released on 2016-05-12 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Growth and the Origins of Modern Political Economy addresses the intellectual foundations of modern economic growth and European industrialization. Through an examination both of the roots of European industrialization and of the history of economic ideas, this book presents a uniquely broad examination of the origins of modern political economy. This volume asks what can we learn from ‘old’ theories in terms of our understanding of history, our economic fate today, and the prospects for the modern world’s poorest countries. Spanning across the past five hundred years, this book brings together leading international contributors offering comparative perspectives with countries outside of Europe in order to place the evolution of modern economic knowledge into a broader reference framework. It integrates economic discourse and the intellectual history of political economy with more empirical studies in economic history and the history of science. In doing so, this innovative volume presents a coherent and innovative new strategy towards a reconfiguration of the history of modern political economy. This book is suitable for those who study history of economic thought, economic history or European history.
Book Synopsis Eli Heckscher, International Trade, and Economic History by : Ronald Findlay
Download or read book Eli Heckscher, International Trade, and Economic History written by Ronald Findlay and published by MIT Press. This book was released on 2006 with total page 573 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The contributors first discuss Heckscher's efforts to forge the discipline of economic history by combining both the historian's careful evaluation of sources and the economist's rigorous models. The Heckscher-Ohlin theory of factor proportions is described and tested empirically. Contributors then apply the theory to historical material, including Mediterranean trade in Biblical times, the economic effects of two periods of plague eight centuries apart, and tariff policy in 35 countries from 1870 to 1938. Heckscher's masterly work on mercantilism, the Continental Blockade, and Swedish economic history is also described and appraised in light of recent historical research."--BOOK JACKET.
Book Synopsis Reviving the Invisible Hand by : Deepak Lal
Download or read book Reviving the Invisible Hand written by Deepak Lal and published by Princeton University Press. This book was released on 2010-12-16 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviving the Invisible Hand is an uncompromising call for a global return to a classical liberal economic order, free of interference from governments and international organizations. Arguing for a revival of the invisible hand of free international trade and global capital, eminent economist Deepak Lal vigorously defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. And in an unusual move, he not only defends globalization economically, but also answers the cultural and moral objections of antiglobalizers. Taking a broad cross-cultural and interdisciplinary approach, Lal argues that there are two groups opposed to globalization: cultural nationalists who oppose not capitalism but Westernization, and "new dirigistes" who oppose not Westernization but capitalism. In response, Lal contends that capitalism doesn't have to lead to Westernization, as the examples of Japan, China, and India show, and that "new dirigiste" complaints have more to do with the demoralization of their societies than with the capitalist instruments of prosperity. Lal bases his case on a historical account of the rise of capitalism and globalization in the first two liberal international economic orders: the nineteenth-century British, and the post-World War II American. Arguing that the "new dirigisme" is the thin edge of a wedge that could return the world to excessive economic intervention by states and international organizations, Lal does not shrink from controversial stands such as advocating the abolishment of these organizations and defending the existence of child labor in the Third World.
Book Synopsis Petroleum Industry Transformations by : Taran Thune
Download or read book Petroleum Industry Transformations written by Taran Thune and published by Routledge. This book was released on 2018-10-03 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking the case of the Norwegian petroleum industry as its vantage point, the book discusses the question of industrial transformations in resource-based industries. The book presents new, empirically-based analyses of the development of the petroleum industry, with an emphasis on three ongoing transformation processes: Technological upgrading and innovation in upstream petroleum. Globalisation of the petroleum industry and suppliers’ experiences of entering foreign markets. Diversification into and out of petroleum – and the potential for new growth paths after oil. Drawing together a range of key thinkers in this field, this volume addresses the ways in which the petroleum industry and its supply industry has changed since the turn of the millennium. It provides recommendations for the development of resource economies in general and petroleum economies in particular. This book will be of great interest to students and scholars of energy policy and economics, natural resource management, innovation studies and the politics of the oil and gas sector.
Author :The Emirates Center for Strategic Studies and Research Publisher :Emirates Center for Strategic Studies and Research ISBN 13 : Total Pages :54 pages Book Rating :4./5 ( download)
Book Synopsis The Gulf Oil and Gas Sector by : The Emirates Center for Strategic Studies and Research
Download or read book The Gulf Oil and Gas Sector written by The Emirates Center for Strategic Studies and Research and published by Emirates Center for Strategic Studies and Research. This book was released on 2006-04-11 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The predominance of oil as the world’s main source of energy, coupled with the recent phenomenal growth of the natural gas industry spurred by environmental considerations, ensure that the Gulf’s energy sector will continue to play a pivotal role in the global market. With world demand projected to reach unprecedented levels led by Asian economic powers such as China and India, oil production peaking in key areas and geopolitical crises fueling greater uncertainty, issues of global supply security have come to the fore. All these factors have led to a steep rise in petroleum prices, filling the coffers of the oil producers but threatening to paralyze the global economy and imposing a heavy burden on the ultimate consumers. In this energy scenario, where does the Gulf oil and gas sector stand? How can it meet its long-term strategic requirements while satisfying the energy needs of the global economy? This was the main focus of the ECSSR Tenth Annual Energy Conference on The Gulf Oil and Gas Sector: Potential and Constraints, held in Abu Dhabi, from September 26–27, 2004. The conference presentations of the energy experts compiled in this book examine both the possibilities and the problems of the Gulf energy sector in the wider global context. Important energy issues covered include the future prospects of OPEC, the impact of world oil prices on global growth, the strategic objectives of the Gulf energy sector, the influence of markets and technology on regional reserves, the emerging partnerships between national and international oil companies, the imperatives for attracting Gulf energy investment and new developments in gas technology and regional gas trade. Regional case studies outline possible scenarios for the future of Iraqi oil, highlight policy options for Saudi Arabia as a swing producer and focus on the Norwegian experience of economic diversification.
Book Synopsis Biography of a Subject by : Gerald M. Meier
Download or read book Biography of a Subject written by Gerald M. Meier and published by Oxford University Press. This book was released on 2004-10-14 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study of economic development is one of the newest, most exciting, and most challenging branches of the broader discipline of economics and political economy. Although one could claim that Adam Smith was the first "development economist", the systematic study of the problems and processes of economic development in Africa, Asia, and Latin America has emerged only over the past five decades. This biography of the subject of economic development will focus on the essential ideas in the evolution of development thought and policy over the subject's half-century of life. In concise form and avoiding undue technicality, it highlights the influence of development theory on policymaking and on the mixed record of successes and failures in promoting development efforts. The interpretation of theory, policy, and the lessons of experience are covered in three periods: early development economics of the 1950s-60s; orthodox reaction of the 1970s-80s; and the new development economics of the 1980s-90s. Gerald Meier-one of the world's most prominent leading thinkers in the economics of development - interprets the past treatment of development problems with the present and future in mind. He re-interprets the past two generations of development economists in a contemporary voice. And in a forward-looking fashion, the book's perspectives should make the next generation of development problems-and development economists-more intelligible. The reader is invited to consider whether development economists really know how to put matters right.
Book Synopsis The Oxford Handbook of Business and Government by : David Coen
Download or read book The Oxford Handbook of Business and Government written by David Coen and published by OUP Oxford. This book was released on 2010-02-25 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business is one of the major power centres in modern society. The state seeks to check and channel that power so as to serve broader public policy objectives. However, if the way in which business is governed is ineffective or over burdensome, it may become more difficult to achieve desired goals such as economic growth or higher levels of employment. In a period of international economic crisis, the study of how business and government relate to each other in different countries is of more central importance than ever. These relationships have been studied from a number of different disciplinary perspectives - business studies, economics, economic history, law, and political science - and all of these are represented in this handbook. The first part of the book provides an introduction to the ways in which five different disciplines have approached the study of business and government. The second section, on the firm and the state, looks at how these entities interact in different settings, emphasising such phenomena as the global firm and varieties of capitalism. The third section examines how business interacts with government in different parts of the world, including the United States, the EU, China, Japan and South America. The fourth section reviews changing patterns of market governance through a unifying theme of the role of regulation. Business-government relations can play out in divergent ways in different policy and the fifth section examines the contrasts between different key arenas such as competition policy, trade policy, training policy and environmental policy. The volume provides an authoritative overview with chapters by leading authorities on the current state of knowledge of business-government relations, but also points to ways in which this work might be developed in the future, e.g., through a political theory of the firm.
Book Synopsis The Political Economy of U.S. Tariffs by : Réal P. Lavergne
Download or read book The Political Economy of U.S. Tariffs written by Réal P. Lavergne and published by Elsevier. This book was released on 2014-05-12 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of U.S. Tariffs: An Empirical Analysis provides information pertinent to the political economy of trade barriers. This book discusses the cross-sectional regression analysis across industries to understand why some industries have been more privileged than others. Organized into seven chapters, this book begins with an overview of the structure of protection and identifies the primary actors or principles that condition the formation of trade policy more generally. This text then evaluates the institutional and theoretical reasons why political leverage should not be expected to play a significant role in explaining tariffs. Other chapters consider the notion that the structure of protection at any point in time represents some sort of equilibrium. This book discusses as well the distinction between nominal and effective tariffs. The final chapter deals with individual regressors and groups of regressors. This book is a valuable resource for economists and specialists in quantitative analysis.
Book Synopsis Trade and Income Distribution by : William R. Cline
Download or read book Trade and Income Distribution written by William R. Cline and published by Peterson Institute. This book was released on 1997 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Cline also finds that trade liberalization has tended to raise skilled wages rather than reduce unskilled wages. Moreover, its impact has probably been no larger than falling transport and communication costs. Most importantly for policy, model simulations for the future show more limited trade impact than in the past and little unequalizing impact of further trade liberalization. Book jacket."--Jacket.
Book Synopsis Routledge Encyclopedia of International Political Economy by : R. J. Barry Jones
Download or read book Routledge Encyclopedia of International Political Economy written by R. J. Barry Jones and published by Routledge. This book was released on 2002-09-11 with total page 1864 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three volume Encyclopedia offers the first comprehensive and authoritative survey of the rapidly developing field of international political economy. Its entries cover the major theoretical issues and analytical approaches within the field. The set also provides detailed discussion of the contributions of key individuals and surveys a wide range of empirical conditions and developments within the global political economy, including its major institutions. The Encyclopedia has been designed to be eclectic in approach and wide-ranging in coverage. Theoretical entries range from discussions of the definition and scope of the field, through core methodological questions such as rationalism and the structure-agent problem, to surveys of the major theories and approaches employed in the study of the international political economy.
Book Synopsis Latin American Economic Development by : Javier A. Reyes
Download or read book Latin American Economic Development written by Javier A. Reyes and published by Taylor & Francis. This book was released on 2011-03-25 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Latin America is one of the most interesting parts of the world. The region’s illustrious history, culture, and geography are famous internationally, but in terms of economics, Latin America has been generally associated with problems. For many, the combination of a resource rich region and poor economic conditions has been a puzzle. Latin American Economic Development provides the most up to date exploration of how this happened with a focus on why the continent can be considered to have underperformed, how the various Latin American economies function and the future prospects for the region. This textbook addresses the economic problems of Latin America theme by theme. The first four centuries of Latin American economic development are explained with reference to historical and institutional factors; the role of commodities; import substitution industrialization; and the resultant slow growth of the region. The development of Latin America during the twentieth century is examined through the policies of governments toward international trade and the management of the exchange rate. A result of these policies was the accumulation of significant debt in the region that resulted in substantial economic instability. The final section of the book explains how all of these themes have contributed to two dominant problems for the region: poverty and inequality. The purpose of this book is to provide a comprehensive text for increasingly popular undergraduate economics courses on Latin America. However, the book has been carefully designed for use by both students majoring in economics and for those in other disciplines looking for a wide-ranging guide to the region. This book should be an invaluable resource for undergraduates looking at Latin American economics, growth and development.
Book Synopsis Global Political Economy by : Theodore H. Cohn
Download or read book Global Political Economy written by Theodore H. Cohn and published by Routledge. This book was released on 2016-05-05 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praised for its authoritative coverage, Global Political Economy places the study of international political economy (IPE) in its broadest theoretical contextnow updated to cover the continuing global economic crisis and regional relationships and impacts. This text not only helps students understand the fundamentals of how the global economy works but also encourages them to use theory to more fully grasp the connections between key issue areas like trade and development. Written by a leading IPE scholar, this text equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. New to the Seventh Edition Focuses on the ongoing global economic crisis and the continuing European sovereign debt crisis, along with other regional economic issues, including their implications for relationships in the global economy. Offers fuller and updated discussions of critical perspectives like feminism and environmentalism, and includes new material differentiating among the terms neomercantilism, realism, mercantilism, and economic nationalism. Updated, author-written Test Bank is provided to professors as an e-Resource on the book’s Webpage.
Book Synopsis A Dictionary of International Trade Organizations and Agreements by : Patrick Holden
Download or read book A Dictionary of International Trade Organizations and Agreements written by Patrick Holden and published by Routledge. This book was released on 2011-05-28 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Continuing globalization has meant the increased development and importance of regional and international trade organizations and trade agreements. This Dictionary provides a background to the historical development of such systems, as well as giving a global overview of the current situation. The introduction, as well as explaining the historical background, discusses the major political and economic ideas and controversies, and analyses the current dynamic between international and regional trade organizations. Impartial analysis and up-to-date information is given in a concise way, detailing: major international, regional and bilateral trade agreements and organizations other national and international organizations involved in trade core concepts/theories in relation to international economics/development and international co-operation major trade negotiations and disputes other topics of importance, such as globalization. Entries are listed alphabetically, and fully cross-referenced for ease of use. Entries include: Africa Trade Network, Bretton Woods, China-ASEAN Free Trade Area, Dumping, Globalization, Mercosur, Pan-Arab Free Trade Area, Treaty of Nice, World Bank, WTO Secretariat and WWF
Book Synopsis The Economics of Child Labour in the Era of Globalization by : Sarbajit Chaudhuri
Download or read book The Economics of Child Labour in the Era of Globalization written by Sarbajit Chaudhuri and published by Taylor & Francis. This book was released on 2016-10-14 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Children in poor countries are subjected to exploitation characterized by low wages and long hours of work, as well as by unclean, unhygienic and unsafe working and living conditions, and, more importantly, by deprivation from education, all of which hampers their physical and mental development. Child labour is a complex issue, and clearly it has no simple solution. This book sheds some understanding of its root causes. The book attempts to delve into many of the important theoretical aspects of child labour and suggests policies that could indeed be useful in dealing with the problem under diverse situations using alternative multisector general equilibrium models.
Book Synopsis Globalization and History by : Kevin H. O'Rourke
Download or read book Globalization and History written by Kevin H. O'Rourke and published by MIT Press. This book was released on 2001-01-26 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom, which anticipated the experience of the last fifty years. Globalization is not a new phenomenon, nor is it irreversible. In Gobalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom, which anticipated the experience of the last fifty years. The authors estimate the extent of globalization and its impact on the participating countries, and discuss the political reactions that it provoked. The book's originality lies in its application of the tools of open-economy economics to this critical historical period—differentiating it from most previous work, which has been based on closed-economy or single-sector models. The authors also keep a close eye on globalization debates of the 1990s, using history to inform the present and vice versa. The book brings together research conducted by the authors over the past decade—work that has profoundly influenced how economic history is now written and that has found audiences in economics and history, as well as in the popular press.
Book Synopsis Development and Planning by : Jagdish Bhagwati
Download or read book Development and Planning written by Jagdish Bhagwati and published by Taylor & Francis. This book was released on 2012-08-06 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1972, this is a book of essays offered in honour of Paul Rosenstein-Rodan, the distinguished economist whose career started in mid-1920s Vienna and subsequently spanned Europe, Britain, the USA and many of the less developed countries of the world.The book includes reviews of past developments, chapters on development trade and value theory, an assessment of contemporary emerging economic patterns, development and trade policy, and investment policy. Further essays cover the intellectual history of development economics, general aspects of growth and economic policy in underdeveloped countries and the problems of income distribution and sectoral and regional development.
