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Democracy and Trade Policy in Developing Countries

Democracy and Trade Policy in Developing Countries
Author: Bumba Mukherjee
Publisher: University of Chicago Press
Total Pages: 324
Release: 2016-06-17
Genre: Political Science
ISBN: 022635895X

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Since the 1970s, two major trends have emerged among developing countries: the rise of new democracies and the rush to free trade. For some, the confluence of these events suggests that a free-market economy complements a fledgling democracy. Others argue that the two are inherently incompatible and that exposure to economic globalization actually jeopardizes new democracies. Which view is correct? Bumba Mukherjee argues that the reality of how democracy and trade policy unravel in developing countries is more nuanced than either account. Mukherjee offers the first comprehensive cross-national framework for identifying the specific economic conditions that influence trade policy in developing countries. Laying out the causes of variation in trade policy in four developing or recently developed countries—Brazil, India, Indonesia, and South Africa—he argues persuasively that changing political interactions among parties, party leaders, and the labor market are often key to trade policy outcome. For instance, if workers are in a position to benefit from opening up to trade, party leaders in turn support trade reforms by decreasing tariffs and other trade barriers. At a time when discussions about the stability of new democracies are at the forefront, Democracy and Trade Policy in Developing Countries provides invaluable insight into the conditions needed for a democracy to survive in the developing world in the context of globalization.


Democracy and Trade Policy in Developing Countries

Democracy and Trade Policy in Developing Countries
Author: Helen V. Milner
Publisher:
Total Pages: 0
Release: 2013
Genre:
ISBN:

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What explains the variation in trade policy among democracies in developing countries? Why have some liberalized trade more than others? We analyze the impact of political particularism - defined as the degree of party discipline and the incentives for politicians to cultivate a personal vote - on trade protection. We present theoretical results from a model of particularism and its effects on tariffs; we present quantitative evidence to test the model; and then we develop a case study of India to illuminate it. Our model analyzes how an increase in particularism (that is, a shift from a party-centered to a more candidate-centered system) interacts with the degree of inter-industry occupational mobility of labor and the asset-specificity of industries to influence trade policies in developing democracies. Our model suggests that an increase in particularism induces leaders from the ruling and opposition parties to shift trade policy in equilibrium to the median voter's optimal preference, who in a developing society is a worker; and this means a reduction in trade barriers when labor mobility is high. Our data strongly support this conclusion. Our case study of India shows how the dynamics of a party-centered system operate to maintain higher trade barriers.


Protectionism

Protectionism
Author: Jan Tumlir
Publisher: AEI Studies
Total Pages: 84
Release: 1985
Genre: Business & Economics
ISBN:

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Handbook of the International Political Economy of Trade

Handbook of the International Political Economy of Trade
Author: David Deese
Publisher: Edward Elgar Publishing
Total Pages: 649
Release: 2014-08-29
Genre: Business & Economics
ISBN: 1781954992

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This accessible, comprehensive and pertinent Handbook will be of interest to academics, researchers and students working in the fields of international politics, in particular political economy and foreign policy, and the economics of trade.¾ Practitio


The Political Economy of Trade Policy

The Political Economy of Trade Policy
Author: Devashish Mitra
Publisher: World Scientific Publishing Company
Total Pages: 301
Release: 2016-03-11
Genre: Political Science
ISBN: 9814569151

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The Political Economy of Trade Policy: Theory, Evidence and Applications is a collection of sole-authored and co-authored papers by Devashish Mitra that have been published in various scholarly journals over the last two decades. It covers diverse topics in the political economy of trade policy, ranging from the role of modeling lobby formation in the context of trade policy determination to its applications to the question of unilateralism versus reciprocity and trade agreements. It also includes the theory and the empirics of the choice of policy instruments. Finally, the book presents the empirical investigation of the Grossman-Helpman “Protection for Sale” model as well as the Mayer “Median-Voter” model of trade policy determination.


Best Practices in Trade Policy Reform

Best Practices in Trade Policy Reform
Author: Vinod Thomas
Publisher: World Bank Publications
Total Pages: 258
Release: 1991
Genre: Business & Economics
ISBN: 9780195208719

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It was recognized by many developing countries in the 1980s that integration with the global economy is necessary for economic development and technological progress. Efforts to liberalize trade were controversial. A unique body of evidence on developing country trade liberalization will examine why outcomes have varied from one country to another. The political economy of trade liberalization and the interaction among trade and domestic reform, macro-economic stability, and export development is examined using: (a) cross-sectional data, (b) country studies, (c) and interviews. The sequencing of reforms and implications for multilateral trade negotiations, foreign direct investment, and regional integration schemes is an additional consideration. The emphasis is on practical problems-economic and political-and recommendations of how policies can be designed and implemented to yield stronger and more sustainable results.


International Trade Policy

International Trade Policy
Author: D. Das
Publisher: Springer
Total Pages: 149
Release: 1990-01-29
Genre: Business & Economics
ISBN: 0230379257

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International trade plays a definitive role in the economic growth process. The developing countries accounted for over one quarter of total world trade by value in the early eighties; this proportion declined to a fifth in 1987. The developing countries, except for a handful of them, have made serious and expansive errors in their trade policies. The primary objective of Professor Das is to clear the cobwebs of confusion and misgivings that are only too apparent in the realm of trade policy. The book is addressed to the domestic as well as the international aspects of trade policy in the developing countries. It takes the neoclassical economic philosophic lines and makes an analytical case for free trade with hard-hitting arguments.


Five Rising Democracies

Five Rising Democracies
Author: Ted Piccone
Publisher: Brookings Institution Press
Total Pages: 212
Release: 2016-02-23
Genre: Political Science
ISBN: 0815725787

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Shifting power balances in the world are shaking the foundations of the liberal international order and revealing new fault lines at the intersection of human rights and international security. Will these new global trends help or hinder the world's long struggle for human rights and democracy? The answer depends on the role of five rising democracies—India, Brazil, South Africa, Turkey, and Indonesia—as both examples and supporters of liberal ideas and practices. Ted Piccone analyzes the transitions of these five democracies as their stars rise on the international stage. While they offer important and mainly positive examples of the compatibility of political liberties, economic growth, and human development, their foreign policies swing between interest-based strategic autonomy and a principled concern for democratic progress and human rights. In a multipolar world, the fate of the liberal international order depends on how they reconcile these tendencies.


Saving Globalization

Saving Globalization
Author: Mike Moore
Publisher: John Wiley & Sons
Total Pages: 357
Release: 2011-11-09
Genre: Political Science
ISBN: 1118179315

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Globalization is not new, nor is it a policy, it’s a process that has existed as long as man looked over the horizon, travelled and traded. It can’t be stopped but it can be slowed. It came to a grinding halt in August 1914 and the Marxist detour cost millions of lives and lost three generations their opportunity and hope in many countries. More wealth has been created in the past 60 years than in all of history. After the most successful decade of sustained economic growth in history, this progress is threatened. Extreme inequality, corruption and environmental degradation threaten the stability and legitimacy of many developing countries’ regimes. Anti-globalization and anti-capitalist campaigners’ confidence has been emboldened due to the present economic crisis. Protectionist rhetoric is growing as are the arguments to control and regulate markets. Leaders are meeting to discuss how to face these problems and create a new international architecture. How did we get to this position? What should we do? What is it that determines why some contemporary states are successful while others have failed? Saving Globalization departs from its analysis of the globalised economy in the twenty-first century to answer these question by tracing the development of what Moore considers to be ‘the big ideas of history’: democracy, independent courts, the separation of church and state, property rights, independent courts, a professional civil service, and civil society. Democratic capitalism has worked for most people. Why? It is a remarkable story, from the Greeks to the Geeks, encompassing technological progress and the corrections and contradictions between liberty and equality, technology, growth and the environment. In defence of the many virtues and opportunities that globalisation offers, Mike Moore makes the case for a fresh and new approach to our international Institutions and for domestic policies that promote equity and fairness. The book controversially attacks the new enemies of reason and evidence. The threats now come from all sides, especially workers in developed countries who fear for their jobs. Mike Moore is a political practitioner turned theoretician.


Globalization and America's Trade Agreements

Globalization and America's Trade Agreements
Author: William Krist
Publisher: Woodrow Wilson Center Press / Johns Hopkins University Press
Total Pages: 0
Release: 2013-11-29
Genre: Political Science
ISBN: 9781421411682

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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.