Trade Policy Disaster
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Trade Policy Disaster
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Author : Douglas A. Irwin
language : en
Publisher: MIT Press
Release Date : 2011-10-21
Trade Policy Disaster written by Douglas A. Irwin and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-10-21 with Business & Economics categories.
The extreme protectionism that contributed to a collapse of world trade in the 1930s is examined in light of the recent economic crisis. The recent economic crisis—with the plunge in the stock market, numerous bank failures and widespread financial distress, declining output and rising unemployment—has been reminiscent of the Great Depression. The Depression of the 1930s was marked by the spread of protectionist trade policies, which contributed to a collapse in world trade. Although policymakers today claim that they will resist the protectionist temptation, recessions are breeding grounds for economic nationalism, and countries may yet consider imposing higher trade barriers. In Trade Policy Disaster, Douglas Irwin examines what we know about trade policy during the traumatic decade of the 1930s and considers what we can learn from the policy missteps of the time. Irwin argues that the extreme protectionism of the 1930s emerged as a consequence of policymakers' reluctance to abandon the gold standard and allow their currencies to depreciate. By ruling out exchange rate changes as an adjustment mechanism, policymakers turned instead to higher tariffs and other means of restricting imports. He offers a clear and concise exposition of such topics as the effect of higher trade barriers on the implosion of world trade; the impact of the Smoot-Hawley tariff of 1930; the reasons some countries adopted draconian trade restrictions (including exchange controls and import quotas) but others did not; the effect of preferential trade arrangements and bilateral clearing agreements on the multilateral system of world trade; and lessons for avoiding future trade wars.
Free Trade Under Fire
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Author : Douglas A. Irwin
language : en
Publisher: Princeton University Press
Release Date : 2015-06-30
Free Trade Under Fire written by Douglas A. Irwin and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-30 with Business & Economics categories.
Growing international trade has helped lift living standards around the world, and yet free trade is always under attack. Critics complain that trade forces painful economic adjustments, such as plant closings and layoffs of workers, and charge that the World Trade Organization serves the interests of corporations, undercuts domestic environmental regulations, and erodes America's sovereignty. Why has global trade—and trade agreements such as NAFTA—become so controversial? Does free trade deserve its bad reputation? In Free Trade under Fire, Douglas Irwin sweeps aside the misconceptions that litter the debate over trade and gives the reader a clear understanding of the issues involved. This fourth edition has been thoroughly updated to include the most recent policy developments and the latest research findings on the impact of trade.
Free Trade Under Fire
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Author : Douglas A. Irwin
language : en
Publisher: Princeton University Press
Release Date : 2020-04-14
Free Trade Under Fire written by Douglas A. Irwin and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-04-14 with Business & Economics categories.
An updated look at global trade and why it remains as controversial as ever Free trade is always under attack, more than ever in recent years. The imposition of numerous U.S. tariffs in 2018, and the retaliation those tariffs have drawn, has thrust trade issues to the top of the policy agenda. Critics contend that free trade brings economic pain, including plant closings and worker layoffs, and that trade agreements serve corporate interests, undercut domestic environmental regulations, and erode national sovereignty. Why are global trade and agreements such as the Trans-Pacific Partnership so controversial? Does free trade deserve its bad reputation? In Free Trade under Fire, Douglas Irwin sweeps aside the misconceptions that run rampant in the debate over trade and gives readers a clear understanding of the issues involved. In its fifth edition, the book has been updated to address the sweeping new policy developments under the Trump administration and the latest research on the impact of trade.
Wto And World Trade
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Author : Günter S. Heiduk
language : en
Publisher: Physica
Release Date : 2009-09-03
Wto And World Trade written by Günter S. Heiduk and has been published by Physica this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-03 with Business & Economics categories.
Giinter S. Heiduk* and Kar-yiu Wong** * Institute of International and Regional Economic Relations, University of Du- burg-Essen, Campus Duisburg, Germany ** Department of Economics, University of Washington, Seattle, USA The rapid growth of world trade has become one of the most phenomenal features of the international order after the World War. While different countries were - periencing various growth rates of their economies, most of them found out that foreign trade grew much faster than their economies. As a matter of fact, for most economies, foreign trade has been determined to be one of the biggest and the most consistent contributors to economic growth. Nowadays world trade is a very complicated phenomenon because it is not just an economic but also a social, political, environmental, labour, and legal matter. Economists care about world trade because economies are getting more and more open and world trade is related to the properties of open economies. Government planners care about world trade because it is related to many issues that the economies are facing: Resource allocation, income distribution, employment, p- duction, consumption, government revenue, economic growth, and economic w- fare. A right trade policy will enhance the economic welfare and growth of the economy in a more harmonious and equitable way. A wrong policy, however, could spell disaster.
Wto And World Trade
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Author : Günter S. Heiduk
language : en
Publisher: Springer Science & Business Media
Release Date : 2006-03-30
Wto And World Trade written by Günter S. Heiduk and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-03-30 with Business & Economics categories.
Giinter S. Heiduk* and Kar-yiu Wong** * Institute of International and Regional Economic Relations, University of Du- burg-Essen, Campus Duisburg, Germany ** Department of Economics, University of Washington, Seattle, USA The rapid growth of world trade has become one of the most phenomenal features of the international order after the World War. While different countries were - periencing various growth rates of their economies, most of them found out that foreign trade grew much faster than their economies. As a matter of fact, for most economies, foreign trade has been determined to be one of the biggest and the most consistent contributors to economic growth. Nowadays world trade is a very complicated phenomenon because it is not just an economic but also a social, political, environmental, labour, and legal matter. Economists care about world trade because economies are getting more and more open and world trade is related to the properties of open economies. Government planners care about world trade because it is related to many issues that the economies are facing: Resource allocation, income distribution, employment, p- duction, consumption, government revenue, economic growth, and economic w- fare. A right trade policy will enhance the economic welfare and growth of the economy in a more harmonious and equitable way. A wrong policy, however, could spell disaster.
Gatt Rules For Emergency Protection
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Author : David Robertson
language : en
Publisher: Trade Policy Research Centre London
Release Date : 1992
Gatt Rules For Emergency Protection written by David Robertson and has been published by Trade Policy Research Centre London this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
U S Trade Policy
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Author : William A. Lovett
language : en
Publisher: M.E. Sharpe
Release Date : 2004-03-18
U S Trade Policy written by William A. Lovett and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-18 with Political Science categories.
This is a fully updated edition of the bestselling text on U.S. trade policy from colonial times to the current controversial trade imbalances affecting long-term national interests. New coverage for this edition includes the WTO panels and conflicts, the battle in Seattle, struggles over Doha rounds and conflicts, growing tensions among major powers, splits between advanced and developing nations, increased terrorism, and risks of war.
Trade Emergency And Export Promotion Act
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Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
language : en
Publisher:
Release Date : 1986
Trade Emergency And Export Promotion Act written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Balance of trade categories.
Policy Trade Offs In Building Resilience To Natural Disasters The Case Of St Lucia
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Author : Alessandro Cantelmo
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-08
Policy Trade Offs In Building Resilience To Natural Disasters The Case Of St Lucia written by Alessandro Cantelmo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-08 with Nature categories.
Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection —insurance and self-insurance— and structural protection —investment in adaptation. Using a dynamic general equilibrium model calibrated to the St. Lucia’s economy, this paper shows that both strategies considerably reduce the output loss from natural disasters and studies the conditions under which each of the two strategies provides the best protection. While structural protection normally delivers a larger payoff because of its direct dampening effect on the cost of disasters, financial protection is superior when liquidity constraints limit the ability of the government to rebuild public capital promptly. The estimated trade-off is very sensitive to the efficiency of public investment.
The Trade Threat And U S Trade Policy
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Author : John Mathew Culbertson
language : en
Publisher:
Release Date : 1989
The Trade Threat And U S Trade Policy written by John Mathew Culbertson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Free trade categories.