International Trade Cooperation S Impact On The World Economy
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International Trade Cooperation S Impact On The World Economy
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Author : Jeanne Métivier
language : en
Publisher:
Release Date : 2023
International Trade Cooperation S Impact On The World Economy written by Jeanne Métivier and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
In this study, we investigate three trade policy scenarios: i) the revival of multilateralism, ii) plurilateral cooperation, and iii) geopolitical rivalry. In the first scenario, both tariffs and NTMs are reduced on a multilateral basis. In the second scenario, varying groups of countries cooperate on specific topics, such as E-commerce and services. In the last scenario, two main blocks emerge: a Western block and an Eastern block. International cooperation breaks down between blocks, leading to an increase in tariffs and NTMs, with blocks of countries setting up their own set of rules. Our findings are based on simulations with the WTO Global trade Model which has a specific novel feature: the diffusion of ideas between countries as a by-product of trade. The simulations indicate that: (i) there is a lot at stake for global trade cooperation, with global real GDP increasing by 3.2% compared to the baseline under multilateral cooperation and decreasing by 5.4% under geopolitical rivalry; (ii) LDCs would gain the most from multilateralism (real GDP increases by 4.8%) due to technology spillover effects; (iii) under both "open" and "exclusive" plurilateral agreements on services, most regions are projected to gain, with larger gains to participants if the initiative is "open" than if it is "exclusive"; (iv) intermediate linkages in services sectors will be reinforced in all scenarios, except under geopolitical rivalry; (v) geopolitical rivalry leads to a 21 percentage points decrease in exports between Western and Eastern blocks from 46% to 25%; and (vi) the WTO has an important role to play in preserving a free trade environment for developing countries and LDCs. The simulations show that in a decoupling world, it would be essential for LDCs to continue trading with both Eastern and Western blocks.
International Trade Cooperation S Impact On The World Economy
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Author :
language : en
Publisher:
Release Date : 2023
International Trade Cooperation S Impact On The World Economy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
In this study, we investigate three trade policy scenarios: i) the revival of multilateralism, ii) plurilateral cooperation, and iii) geopolitical rivalry. In the first scenario, both tariffs and NTMs are reduced on a multilateral basis. In the second scenario, varying groups of countries cooperate on specific topics, such as E-commerce and services. In the last scenario, two main blocks emerge: a Western block and an Eastern block. International cooperation breaks down between blocks, leading to an increase in tariffs and NTMs, with blocks of countries setting up their own set of rules. Our findings are based on simulations with the WTO Global trade Model which has a specific novel feature: the diffusion of ideas between countries as a by-product of trade.
International Trade
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Author :
language : en
Publisher:
Release Date : 2009
International Trade written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Education categories.
Today, the struggling global economy makes the questions surrounding trade policy particularly relevant and important. This unit introduces students to the terms and concepts essential to an understanding of trade, globalization, and the effects of economic change around the world. Using readings, statistics, and simulations, students consider the questions faced by policy makers today and simulate a debate about trade in the U.S. Congress. This title is one in a continuing series from the Choices Program.
Economic Development And Multilateral Trade Cooperation
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Author : Bernard M. Hoekman
language : en
Publisher: World Bank Publications
Release Date : 2005-12-01
Economic Development And Multilateral Trade Cooperation written by Bernard M. Hoekman and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-12-01 with Business & Economics categories.
How can international trade agreements promote development and how can rules be designed to benefit poor countries? Can multilateral trade cooperation in the World Trade Organization (WTO) help developing countries create and strengthen institutions and regulatory regimes that will enhance the gains from trade and integration into the global economy? And should this even be done? These are questions that confront policy makers and citizens in both rich and poor countries, and they are the subject of Economic Development and Multilateral Trade Cooperation. This book analyzes how the trading system could be made more supportive of economic development, without eroding the core WTO functions.
Globalization And International Trade Policies
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Author : Robert M Stern
language : en
Publisher: World Scientific
Release Date : 2009-09-04
Globalization And International Trade Policies written by Robert M Stern and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-04 with Business & Economics categories.
This book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards.
Fairness In The World Economy
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Author : Americo Beviglia Zampetti
language : en
Publisher: Edward Elgar Publishing
Release Date : 2006-01-01
Fairness In The World Economy written by Americo Beviglia Zampetti and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Political Science categories.
Americo Beviglia Zampetti s Fairness in the World Economy provides an important lens into understanding fairness debates in contemporary trade discourse. . . an important contribution to the trade literature. . . the historical excavation that Fairness in the World Economy provides is of great value. Students and scholars alike will find Zampetti s clear and concise history of US trade policy from the founding to the present to be extremely useful. More importantly, at a time when there is widespread argument that too few share in [globalization s] benefits [and] too many have no voice in its design and no influence on its course, Fairness in the World Economy invites its readers to consider the adequacy of the level playing field notion of fairness and to grapple with the politically contentious question of how trade can help create a more just international economic order. Jeffrey L. Dunoff, The American Journal of International Law This is an unusually timely and insightful work, addressing the crucial issue of the justice of globalization. The author avoids the polemics and abstractions with which this question is usually treated; his economic literacy as well as hands-on policy experience in international and transnational institutions, make this a uniquely practical, balanced and nuanced account, bringing much clarity to a heated debate, which usually divides the different disciplines and specialities rather than inciting their engagement. Robert L. Howse, University of Michigan, Ann Arbor, US This volume describes the birth (with all the birth defects) of the notion of fairness in the US. The extent of the author's research is quite breathtaking: not only does he delve into an infinite series of official and semi-official documents, but he also looks at case law, opinions expressed in the literature etc., to come up with an expression of (US) fairness that does not suffer from selection bias. But this is only half what the author has accomplished through his work. He goes on to examine how US fairness has been exported to international institutions (such as the GATT/WTO regime) and demonstrates how, once discussed and shaped among all trading partners, it has come back to the US in a different form. The book thus provides both the inside out and the outside in perspective. It will prove invaluable for the political scientist, the economic historian and the lawyer alike. Petros C. Mavroidis, Edwin B. Parker Professor of Law, Columbia Law School, US and University of Neuchatel, Switzerland & CEPR This book represents a significant scholarly contribution to the field of international political economy, with particular respect to the evolution of the multilateral trading system. The author engages effectively with the current debate concerning the conflict between the legalistic foundations of the multilateral trading system underpinned by the equality of nation states and the demands for fair trade on the basis of inter-personal equity. It is a coherent and well-researched book on a critically important issue that has not received the significant attention that it deserves within the field of international trade policy. Robert Read, Lancaster University Management School, UK In an international context, fairness is particularly important, since only a system which is perceived by its participants as fair can command acceptance and compliance. The main focus of this study is to investigate the development of the notion of fairness in US trade policy and law as well as the impact this notion has on international trade discussions and rule-making, and especially on the formation of the multilateral trade regime. The contention of the author, Americo Beviglia Zampetti, is that fairness concerns, which have been present in the US trade policy debates and treaty practice since the Republic s inception, have contributed to shaping these debates and practice over the years, both at home and abroad. These concerns were
The Political Economy Of The World Trading System
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Author : Bernard M. Hoekman
language : en
Publisher:
Release Date : 2009
The Political Economy Of The World Trading System written by Bernard M. Hoekman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics and politics of the world trading system. This third edition has been expanded and updated to cover developments in the World Trade Organisation (WTO) since its formation, including the Doha Round, presenting the essentials of trade negotiations and the WTO's rules and disciplines. The authors focus in particular on the WTO's role as the primary organisation through which trading nations manage their commercial interactions and the focal point for cooperation on policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalisation process are considered, and it currently faces an unprecedented set of challenges. The increasing importance of countries in Asia, Latin America and Africa in international trade relations, the revealed preference towards regionalism, intensification of trade conflicts, the role of business groups and NGOs in trade policy formation and negotiations, and pressures for more leadership in an institution threatened by paralysis are examples of issues that are discussed in some detail; all are critical for the operation of the system and for international business in the coming decade. This edition also includes numerous real-world examples to illustrate how the WTO impinges on business, workers and households, written from the perspective of managers and business associations. An insider's view of the institutional history of the WTO allows the authors to use a variety of conceptual tools to analyse the working of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensive bibliography make the volume suitable both for introductory and postgraduate courses on international economics and business, international relations, and international economic law.
The Sovereign Remedy
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Author : Antoni Estevadeordal
language : en
Publisher: OUP Oxford
Release Date : 2009-04-23
The Sovereign Remedy written by Antoni Estevadeordal and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-23 with Political Science categories.
International trade and the rapidly proliferating network of trade agreements have aroused passions for decades. While some blame trade agreements for exporting jobs, sowing poverty, furthering illegal migration, and robbing national sovereignty, others praise them as lynchpins of growth, pillars of peace, guarantors of security, and engines of globalization. Still others view them as useful instruments for fostering global trade and investment. This book examines whether trade agreements merit the blame levelled against them or the hopes pinned on them. It employs extensive new historical data on trade agreements to examine the features of the ongoing trade agreement wave; analyzes the future implications of trade agreements in the context of the multilateral trading system, world trade, and international politics; and puts forth novel policy proposals to make trade agreements a more constructive force in the global economy.
Exploring The Global Economy
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Author : Raymond Vernon
language : en
Publisher: [Cambridge, Mass.] : Center for International Affairs, Harvard University ; Lanham, MD : University Press of America
Release Date : 1985
Exploring The Global Economy written by Raymond Vernon and has been published by [Cambridge, Mass.] : Center for International Affairs, Harvard University ; Lanham, MD : University Press of America this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Business & Economics categories.
This wide-ranging collection of previously published articles by Raymond Vernon reflects a portion of the diverse subjects on which he has worked during his career. In the past 20 years, the author has pioneered the study of two major economic institutions which have played important roles in today's global economy: the multinational corporation and the state-owned enterprise. His recent thoughts on these subjects are well-represented in this volume. Co-published with the Harvard Center for International Affairs.
Us China Cooperation In A Changing Global Economy
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Author : Adam S. Posen
language : en
Publisher: Peterson Institute for International Economics
Release Date : 2017-06-01
Us China Cooperation In A Changing Global Economy written by Adam S. Posen and has been published by Peterson Institute for International Economics this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-06-01 with Business & Economics categories.
978-0-88132-729-8, PIIE, IIE, Peterson Institute for International Economics, US-China Cooperation in a Changing Global Economy, CF40, Adam S. Posen, China-US Economic Cooperation, Policy Changes, US Fiscal Policy, US Economy, Trump Administration, Exchange Rates, Finance, International Monetary System, G-20 Cooperation, Trade and Investment, US-China Trade Disputes, wto, bilateral Investment Treaty, fdi, Trade Wars