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Author: Justin Healey
Publisher:
ISBN: 9781922084361
Category : Free trade
Languages : en
Pages : 60
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Book Description
Globalisation and trade liberalisation has significantly altered Australia’s trading environment over the past thirty or so years. Historically, Australia used forms of protection such as tariffs and subsidies to raise the price of imports and keep domestic industries competitive, thereby adding to the cost of living as everyone paid extra to support these industries. However, since the 1980s Australia and many of the world’s economies have implemented substantial reductions in trade barriers. This book provides an overview of Australia’s trade performance and free trade agreements. What are the effects of increased trade liberalisation on Australia and developing countries? A range of opinions is also presented regarding Australia’s free trade practices. Do the benefits of globalisation outweigh its negative impacts? What are the advantages and disadvantages of free trade versus protectionism? Is free trade actually fair?
Author: Justin Healey
Publisher:
ISBN: 9781922084361
Category : Free trade
Languages : en
Pages : 60
Get Book Here
Book Description
Globalisation and trade liberalisation has significantly altered Australia’s trading environment over the past thirty or so years. Historically, Australia used forms of protection such as tariffs and subsidies to raise the price of imports and keep domestic industries competitive, thereby adding to the cost of living as everyone paid extra to support these industries. However, since the 1980s Australia and many of the world’s economies have implemented substantial reductions in trade barriers. This book provides an overview of Australia’s trade performance and free trade agreements. What are the effects of increased trade liberalisation on Australia and developing countries? A range of opinions is also presented regarding Australia’s free trade practices. Do the benefits of globalisation outweigh its negative impacts? What are the advantages and disadvantages of free trade versus protectionism? Is free trade actually fair?
Author: Anwar Shaikh
Publisher: Routledge
ISBN: 1135986959
Category : Business & Economics
Languages : en
Pages : 326
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Book Description
Written by an international team of contributors this book is a critical examination of the ongoing enterprise of neoliberalism; its history, theory, practice, and most of all, of its outcomes.
Author: William Krist
Publisher: Woodrow Wilson Center Press / Johns Hopkins University Press
ISBN: 9781421411682
Category : Political Science
Languages : en
Pages : 0
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Book Description
Globalization and America's Trade Agreements reviews the theoretical framework as well as provides a historic context of impact of the United States’ complex trade agreements of the past 25 years. William Krist analyzes the issues in the recent rounds of GATT/WTO negotiations and in numerous U.S. free trade agreements and discusses how economists have approached trade policy and how historical experience has affected economic theory. He assesses the effect of trade deals on the U.S. economy, the role of foreign policy in trade negotiations, how trade can affect the economies of developing countries, and how environmental and labor concerns affect trade agreements. Trade has been an essential driver of global growth. Krist shows how trade policy has contributed to that growth and outlines what must be done to ensure it can continue to promote our national objectives. This book will serve as a valuable guide for those unfamiliar with trade policy and provides a challenging critique of trade policy for those already knowledgeable in the field.
Author: Frank Trentmann
Publisher: Oxford University Press, USA
ISBN: 0199209200
Category : Business & Economics
Languages : en
Pages : 466
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Book Description
This is the story of free trade in 19th century Britain, its contribution to the development of Britain's democratic culture, and the unravelling of the free trade movement in the wake of the First World War.
Author: Eamonn Butler
Publisher: Do Sustainability
ISBN: 0255368046
Category : Business & Economics
Languages : en
Pages : 157
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Book Description
International trade has created a highly interdependent world. Everyday products – such as phones, trainers or cars – are designed, manufactured and assembled across several different countries, by countless different companies, both large and small, involving millions of people of all nationalities, creeds and cultures. We take much of this creativity and competition for granted. But it wouldn’t be possible without the peaceful collaboration of millions of people around the planet – a much-overlooked aspect of globalisation. Yet some politicians – perhaps bound by electoral concerns – often take a narrower view, claiming globalisation leads to job losses, lower standards and threats to security. An introduction to Trade & Globalisation examines the tensions that inevitably arise alongside the many benefits of trade. Author Eamonn Butler looks at the rapid growth of international trade over the past 50 years, and how commerce and international politics have become increasingly entwined. He describes the fundamental and growing importance of trade and globalisation in modern life – whilst also seeking to understand the opposition to it. And, at the same time, he skilfully provides a straightforward, insightful and essential introduction to the principles, economics, and politics of international trade – one of the key developments of the modern era.
Author: Love Patrick
Publisher: OECD Publishing
ISBN: 926406026X
Category :
Languages : en
Pages : 197
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Book Description
Argues that prosperity has rarely, if ever, been achieved or sustained without trade. Trade alone, however, is not enough; policies targeting employment, education, health and other issues are also needed to promote well-being and tackle the challenges of a globalised economy.
Author: Robert M Stern
Publisher: World Scientific
ISBN: 9814477125
Category : Business & Economics
Languages : en
Pages : 794
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Book Description
This book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards.
Author: Nicola Acocella
Publisher: Cambridge University Press
ISBN: 9780521540384
Category : Business & Economics
Languages : en
Pages : 546
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Book Description
In the age of globalisation both domestic and foreign economic policies play an important role in determining firms' strategies. Understanding such policies is an essential part of the cultural background of managers at all levels of a firm. At the same time, firms' choices have a greater impact on economic policymaking in a global economy, as the range of alternatives open to them expands. In this textbook, Professor Acocella analyses both sides of this relationship. Special emphasis is placed on current issues: in policymaking on the basis of social choice principles and the normative and positive theory of economic policy; and issues concerning the establishment of international public institutions that can match the global reach of the private institutions (markets and firms) that generate many of today's economic challenges. Broad in scope, this book is aimed at students who have completed an introductory course in both micro and macroeconomics.
Author: Davide Furceri
Publisher: International Monetary Fund
ISBN: 1484350898
Category : Business & Economics
Languages : en
Pages : 61
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Book Description
We take a fresh look at the aggregate and distributional effects of policies to liberalize international capital flows—financial globalization. Both country- and industry-level results suggest that such policies have led on average to limited output gains while contributing to significant increases in inequality—that is, they pose an equity–efficiency trade-off. Behind this average lies considerable heterogeneity in effects depending on country characteristics. Liberalization increases output in countries with high financial depth and those that avoid financial crises, while distributional effects are more pronounced in countries with low financial depth and inclusion and where liberalization is followed by a crisis. Difference-indifference estimates using sectoral data suggest that liberalization episodes reduce the share of labor income, particularly for industries with higher external financial dependence, those with a higher natural propensity to use layoffs to adjust to idiosyncratic shocks, and those with a higher elasticity of substitution between capital and labor. The sectoral results underpin a causal interpretation of the findings using macro data.
Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 0199838968
Category : Political Science
Languages : en
Pages : 346
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Book Description
In the passionate debate that currently rages over globalization, critics have been heard blaming it for a host of ills afflicting poorer nations, everything from child labor to environmental degradation and cultural homogenization. Now Jagdish Bhagwati, the internationally renowned economist, takes on the critics, revealing that globalization, when properly governed, is in fact the most powerful force for social good in the world today. Drawing on his unparalleled knowledge of international and development economics, Bhagwati explains why the "gotcha" examples of the critics are often not as compelling as they seem. With the wit and wisdom for which he is renowned, Bhagwati convincingly shows that globalization is part of the solution, not part of the problem. This edition features a new afterword by the author, in which he counters recent writings by prominent journalist Thomas Friedman and the Nobel Laureate economist Paul Samuelson and argues that current anxieties about the economic implications of globalization are just as unfounded as were the concerns about its social effects.
