Economic Multilateralism in Peril

Economic Multilateralism in Peril PDF Author: Manmohan Agarwal
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description

Economic Multilateralism in Peril

Economic Multilateralism in Peril PDF Author: Manmohan Agarwal
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Get Book Here

Book Description


Multilateralism in Peril

Multilateralism in Peril PDF Author: Chien-Huei Wu
Publisher: Taylor & Francis
ISBN: 1000646769
Category : Political Science
Languages : en
Pages : 215

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Book Description
This collaborative work brings together international lawyers and political scientists to explore whether and how the retreat of the US, and the simultaneous rise of China, affect the dynamics of multilateralism to which the EU claims to adhere. It focuses on the trilateral interaction between these three actors and the policy impact their interactions have in specific multilateral settings and examines cooperation, competition and confrontation of these three actors in key international organizations such as the WTO, UNESCO, Human Rights Council and UNCLOS, NATO, the ASEAN Regional Forum and the World Health Organization in times of Covid-19. It also addresses their approaches and attitudes toward international humanitarian norms and the peace process in the Middle-East. This book offers an insightful exploration of the future of multilateralism under the impact of the Trump administration and probes the future of the liberal international order. It will provide excellent reading material on current affairs for both graduate and undergraduate students in international law and international relations, in particular for courses relating to international organization, multilateralism, or the US, China and the EU in international affairs. For experienced researchers the book proposes in-depth studies that relate to major debates in the disciplines of international law and international relations.

Regionalism versus Multilateralism

Regionalism versus Multilateralism PDF Author: L. Alan Winters
Publisher: World Bank Publications
ISBN: 9703111149
Category :
Languages : en
Pages : 76

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Book Description
November 1996 Do the forces that regional integration arrangements set up encourage or discourage a trend toward globally freer trade? We don't know yet. The literature on regionalism versus multilateralism is growing as economists and political scientists grapple with the question of whether regional integration arrangements are good or bad for the multilateral system. Are regional integration arrangements building blocks or stumbling blocks, in Jagdish Bhagwati's phrase, or stepping stones toward multilateralism? As economists worry about the ability of the World Trade Organization to maintain the GATT's unsteady yet distinct momentum toward liberalism, and as they contemplate the emergence of world-scale regional integration arrangements (the EU, NAFTA, FTAA, APEC, and, possibly, TAFTA), the question has never been more pressing. Winters switches the focus from the immediate consequences of regionalism for the economic welfare of the integrating partners to the question of whether it sets up forces that encourage or discourage evolution toward globally freer trade. The answer is, We don't know yet. One can build models that suggest either conclusion, but these models are still so abstract that they should be viewed as parables rather than sources of testable predictions. Winters offers conclusions about research strategy as well as about the world we live in. Among the conclusions he reaches: * Since we value multilateralism, we had better work out what it means and, if it means different things to different people, make sure to identify the sense in which we are using the term. * Sector-specific lobbies are a danger if regionalism is permitted because they tend to stop blocs from moving all the way to global free trade. In the presence of lobbies, trade diversion is good politics even if it is bad economics. * Regionalism's direct effect on multilateralism is important, but possibly more so is the indirect effect it has by changing the ways in which groups of countries interact and respond to shocks in the world economy. * Regionalism, by allowing stronger internalization of the gains from trade liberalization, seems likely to facilitate freer trade when it is initially highly restricted. * The possibility of regionalism probably increases the risks of catastrophe in the trading system. The insurance incentives for joining regional arrangements and the existence of shiftable externalities both lead to such a conclusion. So too does the view that regionalism is a means to bring trade partners to the multilateral negotiating table because it is essentially coercive. Using regionalism for this purpose may have been an effective strategy, but it is also risky. This paper - a product of the International Trade Division, International Economics Department - was prepared for a conference on regional integration sponsored by the Centre for Economic Policy Research, La Coru-a, Spain, April 26-27, 1996, and will appear in the conference proceedings.

Towards a New Multilateralism

Towards a New Multilateralism PDF Author: Thomas Meyer
Publisher: Routledge
ISBN: 1000366812
Category : Political Science
Languages : en
Pages : 204

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Book Description
This edited book focuses on the dynamic balance between global cultural diversity and multilateral convergence in relevant policy areas that involve actual and potential policy convergences (and divergences): the environment, trade, peace and security, and human rights. It offers theoretical reflections about the impact of the concept of multiple modernities on new ideas, cultural backgrounds, and/or national or regional particularities. An interdisciplinary team of authors combines comparative policy analysis with theoretical dialogue about the conceptual, institutional, normative, and political dimensions of a new kind of multilateral cooperation. Finally, the book concludes that by stimulating an intercultural dialogue which goes beyond a mere "rational choice" approach, we can foster progress through a better understanding of the opportunities and limitations offered by a pluralist, varied, post-hegemonic, and multilayered form of multilateral cooperation. This book will be of key interest to scholars and students of European/EU studies, economics, human rights, climate change, history, cultural studies, international relations, international political economy, security studies, and international law.

Multilateralism Or Regionalism?

Multilateralism Or Regionalism? PDF Author: Guido Glania
Publisher: CEPS
ISBN: 9290796030
Category : Business & Economics
Languages : en
Pages : 121

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Book Description
This new book highlights the multifaceted effects of regional trade agreements and outlines the strategic options for EU trade policy. It points out what is new about this most recent phase of regionalism and analyzes the effects on economic welfare and trade transaction costs. The authors draw upon elements of game theory to explore a self-reinforcing mechanism that is resulting in a potentially damaging race for markets. They focus in particular on the multiple impacts of regionalism on the WTO and the multilateral trading order. The book arrives at an opportune time, as the Doha Round is reaching a critical phase.

Termites in the Trading System

Termites in the Trading System PDF Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 0199715904
Category : Business & Economics
Languages : en
Pages : 160

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Book Description
Jagdish Bhagwati, the internationally renowned economist who uniquely combines a reputation as the leading scholar of international trade with a substantial presence in public policy on the important issues of the day, shines here a critical light on Preferential Trade Agreements, revealing how the rapid spread of PTAs endangers the world trading system. Numbering by now well over 300, and rapidly increasing, these preferential trade agreements, many taking the form of Free Trade Agreements, have re-created the unhappy situation of the 1930s, when world trade was undermined by discriminatory practices. Whereas this was the result of protectionism in those days, ironically it is a result of misdirected pursuit of free trade via PTAs today. The world trading system is at risk again, the author argues, and the danger is palpable. Writing with his customary wit, panache and elegance, Bhagwati documents the growth of these PTAs, the reasons for their proliferation, and their deplorable consequences which include the near-destruction of the non-discrimination which was at the heart of the postwar trade architecture and its replacement by what he has called the spaghetti bowl of a maze of preferences. Bhagwati also documents how PTAs have undermined the prospects for multilateral freeing of trade, serving as stumbling blocks, instead of building blocks, for the objective of reaching multilateral free trade. In short, Bhagwati cogently demonstrates why PTAs are Termites in the Trading System.

The Wolf at the Door

The Wolf at the Door PDF Author: Michael J. Graetz
Publisher:
ISBN: 0674980883
Category : Political Science
Languages : en
Pages : 369

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Book Description
The acclaimed authors of Death by a Thousand Cuts argue that Americans care less about inequality than about their own insecurity. Michael Graetz and Ian Shapiro propose realistic policies and strategies to make lives and communities more secure. This is an age of crisis. That much we can agree on. But a crisis of what? And how do we get out of it? Many on the right call for tax cuts and deregulation. Others on the left rage against the top 1 percent and demand wholesale economic change. Voices on both sides line up against globalization: restrict trade to protect jobs. In The Wolf at the Door, two leading political analysts argue that these views are badly mistaken. Michael Graetz and Ian Shapiro focus on what really worries people: not what the rich are making but rather their own insecurity and that of people close to them. Americans are concerned about losing what they have, whether jobs, status, or safe communities. They fear the wolf at the door. The solution is not protectionism or class warfare but a return to the hard work of building coalitions around realistic goals and pursuing them doggedly through the political system. This, Graetz and Shapiro explain, is how earlier reformers achieved meaningful changes, from the abolition of the slave trade to civil rights legislation. The authors make substantial recommendations for increasing jobs, improving wages, protecting families suffering from unemployment, and providing better health insurance and child care, and they guide us through the strategies needed to enact change. These are achievable reforms that would make Americans more secure. The Wolf at the Door is one of those rare books that not only diagnose our problems but also show us how we can address them.

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

The Collapse of Global Trade, Murky Protectionism, and the Crisis PDF Author: Richard E. Baldwin
Publisher:
ISBN: 9781907142239
Category : Business & Economics
Languages : en
Pages : 112

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Book Description
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.

Efficiency, Equity, and Legitimacy

Efficiency, Equity, and Legitimacy PDF Author: Roger B. Porter
Publisher: Brookings Institution Press
ISBN: 9780815771630
Category : Political Science
Languages : en
Pages : 468

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Book Description
Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. This collection of essays examine several key issues at the heart of the debate over the multilateral trading system.

The Future of Global Economic Governance

The Future of Global Economic Governance PDF Author: Marek Rewizorski
Publisher: Springer Nature
ISBN: 3030353362
Category : Business & Economics
Languages : en
Pages : 178

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Book Description
In light of new global challenges for international cooperation and coordination, such as the revival of protectionism, surge of populism, or energy-related issues, this volume highlights possible scenarios for the future of Global Economic Governance (GEG). The contributing authors analyze the substance of GEG as a normative framework for resolving collective action issues and promoting cross-border co-ordination and co-operation in the provision or exchange of goods, money, services and technical expertise in the world economy. Furthermore, the book examines drivers of fundamental shifts in global economic steering and covers topics such as power and authority shifts in the global governance architecture, technological and energy-related challenges, and the role of the G20 and BRICS in shaping global economic governance. “This book provides a very timely and nuanced account of the challenges facing the established global order.” Andrew F. Cooper (Professor of Political Science at the University of Waterloo) “This valuable collection from a new generation of innovative scholars of global economic governance offers insights from a broad range of theoretical approaches to the central policy issues of the day” John Kirton (Director of the Global Governance Program, Munk School of Global Affairs, University of Toronto)