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Author: Romain Wacziarg
Publisher: Edward Elgar Publishing
ISBN: 9781788111492
Category : Free trade
Languages : en
Pages : 0
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Book Description
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
Author: Romain Wacziarg
Publisher: Edward Elgar Publishing
ISBN: 9781788111492
Category : Free trade
Languages : en
Pages : 0
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Book Description
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
Author: Ian Goldin
Publisher: Organisation for Economic Co-operation and Development; World Bank
ISBN:
Category : Business & Economics
Languages : en
Pages : 222
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Book Description
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: Raghbendra Jha
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper articulates the necessity of emphasizing the absolute level of environmental degradation in different countries as a guide to understanding the links between such degradation and economic development. We argue the case for developing a composite environmental degradation index (EDI) and relating it to a better measure (in comparison to per capita income) of economic development, viz. the HDI. We put forward a methodology that would achieve this end. This has necessitated the use of principal components analysis to extract information and for forming an index of global environmental degradation. This index has then been related to the HDI. Some other conclusions of the paper are as follows. First, there seems to be an inverse link between HDI ranks and EDI. Second, the US alone has a highly disproportionate (adverse) influence on all the six environmental degradation indicators. Therefore, in the design of a regulatory mechanism for global environmental management this factor would have to be recognized explicitly. In the extant literature there is no consensus about the empirical basis for global environmental degradation (GED). All along the two contending views only try to verify whether or not an inverted U shaped EKC exists. Even if we agree that an inverted U shaped EKC does not exist it does not follow that an inverted N shaped global EKC exists. Our study argues precisely that an inverted N shaped global EKC does indeed exist and provides empirical support for this position. In the process we discover extreme inequalities in the contribution of low, medium and high country groups to GED with the low country group effectively ameliorating GED and the high group countries exacerbating it. There are several important implications of the results of this paper and a few of these may be mentioned here. First, it provides a framework for assessing the current state of environmental degradation and its distribution world-wide. Thus, it would provide important inputs to a global agency like a WEO that would be interested in monitoring environmental degradation and its geographical distribution. Second, by relating such degradation to HDI, this relationship would highlight the contributions of countries with different levels of human development and assist in assigning liability. The contention that GED is essentially "caused" by a certain type of development characteristic of high (income) development countries is borne out by the results of this study. These conclusions clarify that the first and foremost concern of global environmental management, and the WEO, should be to reckon with the inequality in global environment degradation and its intrinsic relationship with inequalities across countries in levels of economic development.
Author: Peter Van den Bossche
Publisher: Cambridge University Press
ISBN: 1107638933
Category : Law
Languages : en
Pages : 349
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Book Description
This concise and reader-friendly overview of WTO law is essential reading for anyone needing an introduction to this complex field.
Author: National Bureau of Economic Research
Publisher:
ISBN:
Category : International economic relations
Languages : en
Pages : 348
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Book Description
Author: Ashok Parikh
Publisher: World Scientific Publishing Company
ISBN: 9813106891
Category : Business & Economics
Languages : en
Pages : 323
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Book Description
This is one of few books on the quantitative assessment of trade liberalisation and its impact on micro and macro economics structure in developing countries. Addressing the prospects of economic growth at a macro level, gives a thorough analysis of various issues such as profitability of enterprises after liberalisation, structural change, imports and exports by sectors and regions, and the trade balances of developing countries. The aspects of terms of trade and the trade balances in African, Latin American and Asian economies are studied using econometric techniques.
Author: Tony Heron
Publisher: Routledge
ISBN: 1136293256
Category : Political Science
Languages : en
Pages : 210
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Book Description
Given the widely-accepted premise that free trade is the best means of maximising overall societal welfare, why has it proven so difficult to achieve in certain industries? This book tackles arguably the most perennial and deep-rooted of all questions in political economy, and questions the incumbent orthodox liberal theories of collective action. Using a historical institutionalist framework to explore and explain the political economy of trade protectionism and liberalization, this book is based on detailed case studies of the textiles and clothing sector in the EU, United States, China, Caribbean Basin and sub-Saharan Africa. From this, the book expands to discuss the origins of trade protectionism and examine the wider political effects of liberalization, offering an explanation of why a successful conclusion to the WTO ‘Doha’ round has proven to be so elusive. The book argues that the regulation of global trade - and the economic consequences that this has for both developed and developing countries - has been the result of the particular way in which trade preferences are mediated through political institutions. The Global Political Economy of Trade Protectionism and Liberalization will be of interest to those studying and researching international and comparative political economy, developing area studies, economics, law and geography.
Author: Organisation for Economic Co-operation and Development
Publisher: OECD Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 184
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Book Description
The benefits of open markets are tangible. In the last decade, countries that have been more open to trade and investment have achieved double the average annual growth of more closed economies. More individuals, firms and nations than ever before depend on the gains from trade and investment liberalisation. Yet anxiety about the effects of greater market integration remains. It is essential for long-term world prosperity that countries' commitment to trade and investment liberalisation be sustained. To be credible, that commitment must be rooted in and enjoy broad public support and understanding. This makes it all the more important to communicate what trade and investment liberalisation can and cannot do and be held responsible for. Trade and investment liberalisation is not painless. It should not be viewed as a cure-all nor presented as an end in itself. It is, however, an essential component of any coherent set of policies aimed at helping societies adjust to - and take advantage of - technology-driven transformations whose pace and depth are unprecedented. The stakes are high. This book examines the various channels through which open markets deliver considerable benefits to societies and their citizens; recalls the real pocket-book costs of protectionism; and addresses the full range of concerns that feature prominently in ongoing discussions over the effects of market liberalisation on employment, income distribution, environmental protection and national sovereignty. A central message of this book is that liberalisation forms part of the solution to the concerns of citizens, rather than being their root cause. The book's comprehensive treatment of the ins and outs of trade and investment liberalisation should make an important contribution to the public debate. It is essential reading for public officials, business leaders and private citizens who wish to take an active part in it.
Author: Hansa Jain
Publisher: Springer
ISBN: 9811028877
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
The book examines the trade liberalization measures, which were initiated in India during 1991 and which focused on manufacturing industries. This industry was considered because of its strong inter-sectoral links and its capacity to stimulate the growth of other sectors. The resulting liberal trade policies, involving a reduction in trade barriers and inflows of FDI, capital and technologies, were adopted to increase the manufacturing output. However, these measures were most beneficial to those industries whose products have greater demand in developed countries. Against this backdrop, the book breaks down the overall effect of trade-induced manufacturing growth into scale, composition and technique effects to discuss the impact on environmental externality. In addition to manufacturing activity, it also investigates the effect of other factors that improve with economic growth and examines the extent to which India’s trade-led economic growth allows production activities to move to cleaner technologies and whether India has achieved its economic growth by specializing in pollution-intensive (low technology) industries. The book also estimates the impact of these environmental externalities on society’s wellbeing.
