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The Political Economy of the World Trading System

The Political Economy of the World Trading System
Author: Bernard M. Hoekman
Publisher: Oxford University Press
Total Pages: 765
Release: 2009
Genre: Business & Economics
ISBN: 0199553769

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New to this edition.


The Political Economy of the World Trading System : WTO and Beyond

The Political Economy of the World Trading System : WTO and Beyond
Author: Bernard Hoekman
Publisher: OUP Oxford
Total Pages: 580
Release: 2001-07-19
Genre: Business & Economics
ISBN: 0191522252

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The creation of the World Trade Organization (WTO) in 1995 ushered in a new era in world trading arrangements. Building on the General Agreement on Trades and Tariffs (GATT), the intergovernmental treaty that for 50 years had regulated international trade relations, the WTO is a global organization of equal standing to the International Monetary Fund and the World Bank, and will set the agenda for international trade for decades to come. The authors of this volume were heavily involved in the Uruguay Round of GATT negotiations that laid the foundations for the creation of the WTO, and were ideally placed to see how the politics of negotiation affects the economics of trade. The Political Economy of the World Trading System is the first comprehensive and accessible introduction to the institutional mechanics, economics, and politics of the global trading networks. It goes beyond description of the rules of the WTO to analyse the political and economic forces that sculpted them, the incentives for countries to abide by them, and the likely future direction of the organization. The authors show how governments are not necessarily the social welfare-maximizing entities often found in textbooks, but instead develop policy subject to the pressures of a variety of interest groups. Although economic theory suggests that countries should pursue liberal trade policies and exchange goods and services on the basis of their comparative advantage, in practice most nations actively intervene in international trade. The political economy approach taken in this volume explains how the WTO functions, why GATT has been very successful in reducing tariffs, and why it has proven much more difficult to expand the reach of multilateral disciplines to domestic policies impacting on trade. This book will increase the reader's understanding of international economics, business, and international relations by supplying in-depth insider knowledge of how trade negotiations take place, how this decision-making affects trade policy, and how the multilateral arrangements that shape world trade are created. This information is crucial to understand why WTO rules are phrased as they are, and to understand the processes by which business organizations, industrial associations, and political lobbies influence the multilateral trading system. In this expanded and thoroughly revised edition, the authors have taken account of the recent developments in international trade relations, included an extra chapter on the historical importance of international trading arrangements, and updated all the references and guides to further reading.


The Political Economy of the World Trading System

The Political Economy of the World Trading System
Author: Bernard M. Hoekman
Publisher:
Total Pages: 301
Release: 2001
Genre: International economic relations
ISBN: 9780191596445

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The creation of the World Trade Organization (1995) ushered in a new era in world trading arrangements. This text explains how the WTO functions, and how it relates to the General Agreement on Trades and Tariffs (GATT).


Emerging Powers and the World Trading System

Emerging Powers and the World Trading System
Author: Gregory Shaffer
Publisher: Cambridge University Press
Total Pages: 345
Release: 2021-07-22
Genre: Business & Economics
ISBN: 1108495192

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This book explains the rise of China, India, and Brazil in the international trading system, and the implications for trade law.


China and the World Trading System

China and the World Trading System
Author: Deborah Z. Cass
Publisher: Cambridge University Press
Total Pages: 469
Release: 2003-03-06
Genre: Law
ISBN: 113943649X

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China, the world's sixth largest economy, has recently joined the rules-based international trading system. What are the implications of this accession? Leading scholars and practitioners from the US, Europe, China, Australia and Japan argue that China's membership will affect the WTO's decision-making, dispute resolution and rule-based structures. It will also spur legal and economic reform, have far-reaching social, political and distributional consequences in China, facilitate a new role for China in international geo-political affairs, and alter the shape, structure and content of the international trading system as a whole. Of interest to scholars of China, as well as trade lawyers and economists.


The Shifting Landscape of Global Trade Governance

The Shifting Landscape of Global Trade Governance
Author: Manfred Elsig
Publisher: Cambridge University Press
Total Pages: 447
Release: 2019-08-08
Genre: Business & Economics
ISBN: 1108485677

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Takes stock of current challenges to the world trading system and develops scenarios for the future.


Leadership and Change in the Multilateral Trading System

Leadership and Change in the Multilateral Trading System
Author: Amrita Narlikar
Publisher: Republic of Letters
Total Pages: 268
Release: 2009
Genre: Political Science
ISBN: 9789089790101

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Studies in International Institutional Dynamics, 2 (International Studies Library, 18) This volume presents an authoritative and cutting-edge account of the evolving multilateral trading system and the challenges that it faces today. It focuses on details affecting the Doha negotiations and also addresses broader themes of leadership, changing balances of power, and institutional limitations of the WTO. Six country-cases of the established and rising powers, along with two chapters on the critical intervening variable of coalitions, offer new insights into problems and opportunities available in the multilateral trading system. The Introduction and Conclusion, co-authored by the two editors, ensure that the resulting volume will provide an accessible, holistic, and cohesive understanding of leadership and change in the multilateral trading system. Table of Contents Acknowledgements Author biographies 1. Introduction: Global trade governance in a multipolar world, Brendan Vickers and Amrita Narlikar Part I: The Established Powers 2. The EU in the Doha negotiations: A Conflicted leader?, Manfred Elsig 3. US trade Policy and the rise of the big emerging economies, Geoffrey Allen Pigman Part II: Rising powers in a multipolar trading system 4. Brazil's multilateral trade diplomacy in the WTO, Maria Lucia L. M. Pdua Lima 5. Shifting coordinates of India's stance in the WTO: Understanding the domestic and international drivers, Amit Ray and Sabyasachi Saha 6. Reforming the WTO: China, the Doha round, and beyond, Gregory Chin 7. 'Reclaiming development in multilateral trade': South Africa and the politics of the Doha round, Brendan Vickers Part III: Bargaining coalitions in the Doha negotiations 8. A Theory of Bargaining Coalitions, Amrita Narlikar 9. Reflections on the WTO July 2008 collapse: Lessons for developing country coalitions, Faizel Ismail 10. Conclusion: What leadership and what change?, Amrita Narlikar and Brendan Vickers About the Author(s)/Editor(s) Amrita Narlikar is University Senior Lecturer in International Political Economy at the Department of Politics and International Studies, University of Cambridge, and Official Fellow of Darwin College. Her single-authored books include The World Trade Organization: A Very Short Introduction, Oxford: Oxford University Press, 2005 (translated into Chinese and Arabic), and International Trade and Developing Countries: Bargaining coalitions in the GATT and WTO, London: Routledge, 2003. Brendan Vickers, is Senior Researcher in Multilateral Trade at the Institute for Global Dialogue, Johannesburg, South Africa and Research Associate of the Department of Political Science at the University of Pretoria, South Africa. The post-war international architecture was designed and created by the hegemon - the United States. This book is an important addition to a growing literature on the multipolar world. There is still a hegemon, but with less and less power. The post-war partner Europe is more and more concerned with domestic issues. And there is a growing collection of coalitions. Thus, for example, there are the BRICs - Brazil, Russia, India and China - and the BICS - Brazil, India, China and South Africa - and lots of Gs. And BEEs or big emerging economies. Yet no coherent view of the trading system has emerged! There's a famous doggerel from the Bretton Woods negotiations: 'In Washington, Lord Halifax whispered to Lord Keynes, they've got all the money bags and we've got all the brains!' Today, as this excellent collection of studies illustrates, much of the money bags are in, say, China. And the brains are spread out all over the place. This is essential reading to begin to understand the emerging new world order. Or disorder? Sylvia Ostry, Distinguished Research Fellow, Munk Centre for International Studies


The World Trading System: Dispute settlement in the world trading system

The World Trading System: Dispute settlement in the world trading system
Author: Robert Howse
Publisher: Taylor & Francis
Total Pages: 534
Release: 1998
Genre: Business & Economics
ISBN: 9780415123662

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Volume 1 = Historical and conceptual foundations ; Volume 2 = Dispute settlement in the world ; Volume 3 = Administered protection ; Volume 4 = The Uruguay round and beyond.


New Frontiers in Free Trade

New Frontiers in Free Trade
Author: Razeen Sally
Publisher: Cato Institute
Total Pages: 170
Release: 2008-09-09
Genre: Political Science
ISBN: 1933995963

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Razeen Sally argues that international trade policy has lost its way. Trade policy has become disconnected from 21st century business and consumer realities. The World Trade Organization and free trade agreements have outdated negotiating models and yield diminishing returns. The world’s fastest growing economies are those in Asia that have embraced freer trade and global integration unilaterally, without waiting for trade negotiations. Hence, the priority should be bottom-up unilateral liberalization, with China’s opening to the world economy leading the way and setting the example for others in Asia and beyond. Liberalization should now focus more on domestic regulatory barriers. The post-Doha WTO will still be important, but more as a forum for strengthening trade rules than for driving further liberalization. The biggest danger, though, is complacency and “reform fatigue,” which threatens to halt globalization’s advance. Sally makes a vigorous case for the benefits of free trade and provides a penetrating analysis of the dangers confronting the world trading system. Inspired by the precepts of Adam Smith and David Hume, he sets out practical prescriptions for getting trade policy back on the rails as part of a refreshed agenda for freer trade and freer markets that is relevant to the rise of Asia and 21st century globalization. Informative; well-argued; and, above all, highly readable, this book is a stimulating contribution to the emerging debate on where trade policy should go in the post-Doha world.