Trade Policy, Trade Agreements, and Economic Growth: Essays in International Trade Theory PDF Download
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Author: Eric W. Bond
Publisher: World Scientific Publishing Company
ISBN: 9789813141841
Category : Business & Economics
Languages : en
Pages : 350
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Book Description
This book contains the main contributions of Eric Bond in the areas of international trade policy, trade agreements, and economic growth. The central focus of this volume is the author's pioneering work on the role of differences in market power across countries in explaining incentives to join preferential trade agreements and the form of trade agreements. Other topics include the interactions of physical and human capital accumulation in determining trade patterns and growth rates and the impact of non-tariff measures on international trade and investment. The volume also gives insights into the role of firm heterogeneity in domestic and international trade.
Author: Eric W. Bond
Publisher: World Scientific Publishing Company
ISBN: 9789813141841
Category : Business & Economics
Languages : en
Pages : 350
Get Book Here
Book Description
This book contains the main contributions of Eric Bond in the areas of international trade policy, trade agreements, and economic growth. The central focus of this volume is the author's pioneering work on the role of differences in market power across countries in explaining incentives to join preferential trade agreements and the form of trade agreements. Other topics include the interactions of physical and human capital accumulation in determining trade patterns and growth rates and the impact of non-tariff measures on international trade and investment. The volume also gives insights into the role of firm heterogeneity in domestic and international trade.
Author: A. D. Woodland
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
Important issues in economic theory and international trade are addressed in this volume with contributions from internationally renowned researchers. The book begins with an examination of classical trade theory and welfare economics. It goes on to discuss international trade policy, includiong international trade agreements, taxation, tariffs and quotas. Attention then turmns to the role of market structure in joint ventures, innovation, tariff policy and political economy. The final section is devoted to economic dynamics and international economics, with an emphasis on learning mechanisms, sustainable growth and immigration.
Author: Philipp Rothe
Publisher: GRIN Verlag
ISBN: 3346224821
Category : Business & Economics
Languages : en
Pages : 4
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Book Description
Academic Paper from the year 2020 in the subject Economics - Foreign Trade Theory, Trade Policy, , language: English, abstract: This paper examines the definition, history and status of free trade in the world today. In history a lot of countries acted in accordance with protectionist trade policies which means they had a lot of barriers, tariffs, and limits towards the trade with other countries. The aim was to protect their own economy. However, in today's world there is much more free trade which means "the buying and selling of goods, without limits on the amount of goods that one country can sell to another and without special taxes on the goods bought from a foreign country". The theory of free trade was first invented in 1776 by Adam Smith. And although it goes back to colonial times, free trade remained a theory for centuries. Ever since Adam Smith's concept of free trade, merchants tried to remove trade barriers between countries again and again. But especially during the industrialization period the countries used trade barriers to boost their economy. As late as after the second world war, the US for example started to lower import tariffs. The idea of lowering tariffs is that more trade takes place, countries can specialize economically in what they do best and afterwards exchange these products for goods that they don't produce most efficiently or that they don't have easily available. That in turn means the people are freer to choose their position in the economy, the worlds resources are used more efficient and the wealth of nations is growing. In a nutshell it means a country can compete in the global market by specializing to its fundamental economic strengths and by doing this increase economic growth. Some international institutions such as the World Bank, International Monetary Fund, and the World Trade Organization (WTO) were founded to promote free trade in place of protectionism and so helped to build the world how it is today in terms of trading.
Author: Richard Pomfret
Publisher: World Scientific Publishing Company
ISBN: 9813107227
Category : Business & Economics
Languages : en
Pages : 270
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Book Description
This book provides a comprehensive review of the theory of international trade and trade policy, including coverage of recent areas of research such as heterogeneous firm trade models and trade costs. It then proceeds to analyze the history of trade policies and the evolution of the global trading system, with a primary focus on important policies or controversial issues such as the Doha Round, antidumping duties, regionalism and fair trade.It aims to emphasize the significance of different theories and how they are interconnected. Unlike other technique-driven international economics textbooks, this book focuses on readers understanding how theory and policy are connected. Written in a lecture note format and in a straightforward manner, the presentation is self-contained with no assumed mathematical knowledge.
Author: S. K. Jayasuriya
Publisher: Edward Elgar Publishing
ISBN: 9781845425647
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd's own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
Author: Murray C. Kemp
Publisher: Routledge
ISBN: 1134792026
Category : Business & Economics
Languages : en
Pages : 417
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Book Description
This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade
Author: S. K. Jayasuriya
Publisher: Edward Elgar Publishing
ISBN: 1845425650
Category : Business & Economics
Languages : en
Pages : 301
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Book Description
The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd's own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
Author: Arvid Lukauskas
Publisher: OUP Oxford
ISBN: 0191669938
Category : Business & Economics
Languages : en
Pages : 1024
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Book Description
There are many textbooks devoted to international trade but few volumes that survey trade theory, policy, and negotiations in a concise, up-to-date manner from an interdisciplinary perspective. This book provides a comprehensive overview of the issues that dominate both academic discourse and the policymaking arena in the field of international trade, bringing to bear the insights of economics, law, and political science. It also stands out by virtue of its emphasis on the development implications of trade, an increasingly useful perspective given the deepening liberalization of developing and emerging market economies and their growing importance in the world economy. The volume examines the full range of trade policy topics that dominate contemporary debates, such as rules of origin, trade in services, competition, public procurement, and trade facilitation, plus emergent controversial topics like trade-related labour standards and environmental issues. It analyses the international trade architecture and the institutional and practical aspects of policymaking and negotiations at the unilateral, multilateral, and regional level, as well as the effects of trade on economic growth, inequality, and poverty. It also explores the sharp increase in the number of preferential trade agreements and their significance for the global trade system. The treatment of each issue is rigorous, yet highly accessible to anyone with a basic background in economics, law, and international political economy.
Author: Caroline Mutuku
Publisher: GRIN Verlag
ISBN: 3668753563
Category : Business & Economics
Languages : en
Pages : 12
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Book Description
Document from the year 2018 in the subject Economics - Foreign Trade Theory, Trade Policy, grade: 1, , language: English, abstract: In the past decade, the Canadian economy experienced stagnation owing to the existence of unfavorable economic trends in the regional and global economy. It is argued that Canadian economy slipped into a recession because of the challenges faced in building its competitiveness in the international trade network. For instance, Canada has been relying on regional trade, especially with the United States which accounts for the highest portion of international exports, and this aspect is linked to the crippling of the Canadian economy. Therefore, internationalization of trade activities appears to be one of the most reliable approaches for aligning the country’s economy with the 21st century global economy. This approach will enable the country to increase its export levels which will, in turn, increase the Gross Domestic Product of Canada. This is probably why Laurin (2013) remarks “There is a growing perception that Canadian businesses need to turn their attention to overseas markets and shift their business strategies to adapt a new global environment’. As such, the current approach by Canadian premiers to establish trade agreements with international trade partners seem to be an amicable answer to economic tantrums in the Canadian economy. The new approach bears significant economic roles in the Canadian economic prospects in the future. According to the Council of the Federation, it is apparent that “strengthening Canada’s trade and investment linkages with the global economy will mean addressing challenges and taking advantage of new opportunities”. This aspect is reaffirmed by Passaris (2013) who observes “International trade is both the heartbeat and the lifeblood of the Canadian economy. In fact, international trade has empowered Canada to side-step economic theory”.Therefore, this paper will give an overview on the economic role of international trade in Canada’s future.
Author: Asrat Tesfayesus
Publisher:
ISBN:
Category :
Languages : en
Pages : 204
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Book Description
In the advent of WWII, artificial trade barriers had reached their 20th century peaks. Drastic protectionist measures, aggravated by a worldwide economic depression, led to the significant decline in international trade which in effect further prolonged the economic crises. However, after the end of WWII, among other serious measures taken to promote international economic integration, the General Agreement on Tariffs and Trade (GATT) was put into effect. Since 1948, the GATT has been effectively used as an instrument to gradually and substantially reduce international trade barriers. These reductions were implemented after multilaterally agreed upon reciprocal concessions were negotiated and signed during the 8 different Rounds that the GATT successfully facilitated. While the primary objective of liberalizing trade is at the essence of these rounds, what negotiators negotiate about in how to share the gains from trade that ensue is less apparent. Furthermore, the GATT as an instrument has been functioning under the auspices of the World Trade Organization (WTO) since 1995. With more countries involved and more varied tradable outputs to negotiate over, the magnitude of the pareto improving gains from trade is increasingly substantial. Since its inception, the WTO has put tremendous effort and resources to continue the process of trade liberalization. However, the Doha Round, the only WTO Round, has yet to show any substantial progress after 12 years since it began in 2001. Why member states fail to reach an agreement has yet to be answered. In this dissertation, I shed some light on both questions. First, using a select number of developing countries I provide an empirical support to the terms of trade theory; which argues that negotiators negotiate and enter into trade agreement in order to escape from a terms of trade prisoner's dilemma. Negotiators agree to reciprocally internalize externalities they impose on each other in order to create a more efficient international trade environment. Secondly, I argue that in light of the participation of a larger number of asymmetrically informed member states dealing with a much greater scope of issues that have to all be settled at once, the delay in the Doha Round completion can be explained by negotiating parties engaging in a war of attrition. A negotiator who does not know its trading partners' cost of waiting and valuation of outcome is more likely to attempt to wait it out until all trading partners concede. Consequently, the group as a whole is left with an inefficient amount of delay that could potentially be alleviated by an imposition of a strict deadline by which time an agreement has to be reached. Finally, I provide some empirical evidence to show how the war of attrition story is aggravated by the sudden proliferation in the use of Regional Trade Agreements (RTA) since the early 1990s.
