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Trade Expansion and Contract Enforcement

Trade Expansion and Contract Enforcement
Author: Avinash Dixit
Publisher:
Total Pages: 0
Release: 2010
Genre:
ISBN:

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Consider a world of traders separated in geographic, economic, or social space. Honest trade offers larger gains for more distant traders, but frequencies of meetings, and information flows about cheating, have local bias. Honesty is self-enforcing only between pairs of sufficiently close neighbors. Global honesty prevails only in a sufficiently small world. The extent of self-enforcing honesty is likely to decrease when the world expands beyond this size. Costly external enforcement is useful only if the world is sufficiently large, and its net payoff need not be larger than that of a self-governing small community. Intermediate-size worlds fare worst.


Quakers, Coercion, and Pre-Modern Growth

Quakers, Coercion, and Pre-Modern Growth
Author: Esther Sahle
Publisher:
Total Pages: 0
Release: 2018
Genre:
ISBN:

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During the late seventeenth century, Atlantic trade grew dramatically. The New Institutional Economists attribute this to institutional developments. During this period, Quakers emerged as the region's most prominent trading community. Some historians explain this achievement as the result of the competitive advantage that Quakers gained from their formal institutions for contract enforcement. This article studies the London Quaker community to show that, in fact, they only began to police the conduct of business regularly after 1750, as part of a wider effort to promote the Society's reputation. Formal institutional advantages cannot explain the Quakers' early trading success.


Informal Contract Enforcement

Informal Contract Enforcement
Author: Avner Greif
Publisher:
Total Pages: 46
Release: 1997
Genre: Contracts
ISBN:

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Contracts in Trade and Transition

Contracts in Trade and Transition
Author: Dalia Marin
Publisher: Mit Press
Total Pages: 206
Release: 2002-01-01
Genre: Business & Economics
ISBN: 9780262133999

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An institutional approach to explaining countertrade and barter in international trade and domestic trade in transition economies.


Imperfect Contract Enforcement

Imperfect Contract Enforcement
Author: James E. Anderson
Publisher:
Total Pages: 64
Release: 2002
Genre: Contracts (International law).
ISBN:

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We model imperfect contract enforcement when repudiators and their victims default to spot trading. The interaction between the contract and spot markets under improved enforcement can exacerbate repudiation and reduce contract execution, harming all traders. Improved contract execution benefits traders on the excess side of the spot market by attracting potential counter-parties, but harms them by impeding their exit from contracts found to be unfavorable. Multiple equilibria and multiple optima are possible, with anarchy a local optimum, perfect enforcement a local minimum and imperfect enforcement a global optimum. LDCs exhibit parameter combinations such that imperfect enforcement is optimal from their side of international markets. The model thus rationalizes the internationally varying patterns of imperfect enforceability observable in survey data.


Handbook of Deep Trade Agreements

Handbook of Deep Trade Agreements
Author: Aaditya Mattoo
Publisher: World Bank Publications
Total Pages: 768
Release: 2020-09-23
Genre: Political Science
ISBN: 1464815542

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Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).


U.S. Trade and Investment Policy

U.S. Trade and Investment Policy
Author: Andrew H. Card
Publisher: Council on Foreign Relations
Total Pages: 135
Release: 2011
Genre: Business & Economics
ISBN: 0876094418

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From American master Ward Just, returning to his trademark territory of "Forgetfulness "and "The Weather in Berlin," an evocative portrait of diplomacy and desire set against the backdrop of America's first lost war


World Development Report 2020

World Development Report 2020
Author: World Bank
Publisher: World Bank Publications
Total Pages: 511
Release: 2019-11-19
Genre: Business & Economics
ISBN: 1464814953

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Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.