Risking Free Trade PDF Download
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Author | : Michael Lusztig |
Publisher | : University of Pittsburgh Press |
Total Pages | : 193 |
Release | : 2010-11-23 |
Genre | : Political Science |
ISBN | : 0822974789 |
Download Risking Free Trade Book in PDF, ePub and Kindle
There are few issues as politically explosive as the liberalization of trade, as recent controversies in the United States, Canada, and Mexico have shown. While loosening trade restrictions may make sense for a nation's economy as a whole, it typically alienates powerful vested interests. Those interests can exact severe political costs for the government that enacts change. So why accept the risk?Michael Lusztig contructs a model to determine why and under what conditions governments will take the free trade gamble. Lusztig uses his model to explain shifts to free trade in four cases: Britain's repeal of the Corn Laws; the United States' enactment of the Reciprocal Trade Agreements Act (1934); Canada's decision to initiate continental free trade with the United States in 1985; and Mexico's decision to pursue the North American Free Trade Agreement (NAFTA) in 1990.
Author | : Jagdish N. Bhagwati |
Publisher | : |
Total Pages | : 170 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : |
Download The World Trading System at Risk Book in PDF, ePub and Kindle
In this sequel to his work "Protectionism", Professor Bhagwati provides an analysis of the perils and promise facing the post-war global trading system. Embodied in the General Agreement on Tariffs and Trade (GATT), this system is currently in turbulence, buffeted by powerful centrifugal forces.
Author | : Douglas A. Irwin |
Publisher | : |
Total Pages | : 16 |
Release | : 1990 |
Genre | : Free trade |
ISBN | : |
Download Free Trade at Risk? Book in PDF, ePub and Kindle
Author | : Michael Lusztig |
Publisher | : University of Pittsburgh Pre |
Total Pages | : 292 |
Release | : 2010-06-15 |
Genre | : Political Science |
ISBN | : 9780822972563 |
Download The Limits Of Protectionism Book in PDF, ePub and Kindle
Conventional wisdom holds that free trade is economically beneficial to nations. But this does not prevent industries and interest groups from lobbying their governments for protection, which creates a fear of electoral backlash among politicians hoping to promote free trade. The Limits of Protectionism demonstrates how governments can attain those economic benefits while avoiding the political costs.Michael Lusztig's theoretical model focuses on a process by which protectionists can be pushed to restructure and compete in a global economy. In this process, a small cutback in domestic protection leads to lost market shares at home; producers must then turn to overseas exports, and, as the size of foreign profits grow, former protectionists become active advocates for more and greater free trade opportunities.In a wide-ranging array of case studies—from nineteenth-century Britain to Depression-era United States to contemporary New Zealand, Australia, Brazil, Canada, Chile, and Mexico—Lusztig reveals that, if skillfully handled, governments can eliminate the obstacles to free trade and enjoy continued economic growth without fear of protectionist groups seeking revenge at the ballot box.
Author | : Leonardo Martinez-Diaz |
Publisher | : U.S. Commodity Futures Trading Commission |
Total Pages | : 196 |
Release | : 2020-09-09 |
Genre | : Science |
ISBN | : 057874841X |
Download Managing Climate Risk in the U.S. Financial System Book in PDF, ePub and Kindle
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Author | : |
Publisher | : |
Total Pages | : 134 |
Release | : 2008 |
Genre | : Tariff preferences |
ISBN | : |
Download U.S. Trade Preference Programs Book in PDF, ePub and Kindle
U.S. trade preference programs promote economic development in poorer nations by providing export opportunities. The Generalized System of Preferences, Caribbean Basin Initiative, Andean Trade Preference Act, and African Growth and Opportunity Act unilaterally reduce U.S. tariffs for many products from over 130 countries. However, three of these programs expire partially or in full this year, and Congress is exploring options as it considers renewal. The author was asked to review the programs' effects on the United States and on foreign beneficiaries' exports and development, identify policy trade-offs concerning these programs, and evaluate the overall U.S. approach to preference programs. To address these objectives, the authors analysed trade data, reviewed trade literature and program documents, interviewed U.S. officials, and did fieldwork in six countries. This is an excerpted and indexed version.
Author | : Zvi Bodie |
Publisher | : John Wiley & Sons |
Total Pages | : 227 |
Release | : 2011-12-27 |
Genre | : Business & Economics |
ISBN | : 1118014308 |
Download Risk Less and Prosper Book in PDF, ePub and Kindle
A practical guide to getting personal investing right Somewhere along the way, something has gone very wrong with the way individuals save and invest. Too often, households are drawn in by promotional suggestions masquerading as impartial investment advice. Consumers get saddled with more risk than they realize. Authors Zvi Bodie and Rachelle Taqqu understand the dilemma that today's investors face, and with Risk Less and Prosper they will help you find your financial footing. Written in an accessible style, this practical guide skillfully explains why personal investing is all about you—your goals, your values and your career path. It shows how to understand investment risk and choose the particular blend of risk and safety that is right for you. And it lays out several simple yet powerful ways for small investors to cast a reliable safety net to achieve their financial goals and truly prosper. Coauthors Bodie and Taqqu challenge the myth that all investments require risk, then highlight some important risks that families often disregard when deciding where to put their money. Later, they connect the dots between investment and investor, showing us all how to grasp our own investment risk profiles and how we may use these insights to make more fitting investment choices. Outlines a straightforward way to invest by aligning your investments with your goals and the risk levels you can bear Provides basic investment abc's for readers who are otherwise literate Lays out a simple, actionable plan for achieving your goals Explains the role of risk-free assets and investment insurance in assuring that you reach your most essential goals Contrary to popular belief, investing doesn't have to be complicated. You can build wealth without taking great risks. Risk Less and Prosper will show you how to make investment decisions that will make your financial life less stressful and more profitable.
Author | : James K. Glassman |
Publisher | : Crown Currency |
Total Pages | : 210 |
Release | : 2011-02-22 |
Genre | : Business & Economics |
ISBN | : 0307591271 |
Download Safety Net Book in PDF, ePub and Kindle
How can you construct a financial investment strategy to protect yourself … yet still get the growth to ensure a solid financial future and comfortable retirement during these turbulent times? By building an investing safety net that gives you the gains needed for growth – though more modest than those of past years – but protection against the downside. So when turbulence strikes again – and it will – you won’t re-live the financial nightmares of recent years when portfolios and 401Ks were devastated. Jim Glassman provides the specifics you need for shrewd asset allocation, specifically: Reduce stock ownership. For those stocks you do own, ensure they meet one of these criteria: pay dividends; are low-priced and from industries of the future; or companies based in aspiring nations such as India, Brazil and China. Make a substantial investment in bonds, especially US Treasury TIPS bonds and corporate bonds Hedge against decline by owning a bear fund that shorts the US economy. Own funds based on other currencies, thus protecting yourself against the potential declining value of the US dollar. And consider derivatives. Yes, derivatives! Specific stock, bond and fund recommendations and ample portfolios then provide the starter ideas for properly balancing a portfolio. And the 5 principles and 18 specific rules of “the new rule book” help keep “animal spirits” in check when fads and news flashes provide the temptation to make rash investing decisions that will be quickly regretted.
Author | : Mr.Arnoud W.A. Boot |
Publisher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2012-10-02 |
Genre | : Business & Economics |
ISBN | : 1475511213 |
Download Banking and Trading Book in PDF, ePub and Kindle
We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank engages in trading, it can use its ‘spare’ capital to profitablity expand the scale of trading. However, there are two inefficiencies. A bank may allocate too much capital to trading ex-post, compromising the incentives to build relationships ex-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially benefits conglomeration, but beyond some point inefficiencies dominate. The deepending of the financial markets in recent decades leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will persist for the foreseeable future. The analysis has implications for capital regulation, subsidiarization, and scope and scale restrictions in banking.
Author | : Harold Cox |
Publisher | : London : T.F. Unwin |
Total Pages | : 42 |
Release | : 1903 |
Genre | : Balfour, Arthur James, Earl of, 1848-1930. Economic notes on insular free trade |
ISBN | : |
Download Mr. Balfour's Pamphlet Book in PDF, ePub and Kindle