International economics Books

Book SynopsisThis book examines the Free Trade Area of the Americas (FTAA), an ambitious venture in regional market integration which builds on the principles of the North American Free Trade Agreement. It assesses the long-term corporate and public policy measures to cope with the increased monetary, fiscal and structural interdependence that will be required if the benefits of the FTAA are to be realized.The contributors suggest that with enlightened US leadership and the cooperation of Brazil, Mexico and Argentina, the FTAA could eventually match the EU in the world economy and as a multilateral leader. Initiatives to promote a culture of relational cooperation in a system of liberalized global commerce are stressed. In Latin America, there is an urgent need for such cooperation in order to enhance the region's lackluster growth rate and reduce the occurrences and severity of financial crises. The United States, Canada and Mexico will also benefit from the development of dynamic structural links with their regional neighbours. The authors highlight the importance for US policy initiatives to be complemented by constructive and harmonious corporate collaborations. This spirit of alliance capitalism will help ensure the FTAA promotes social justice as well as economic efficiency.This fully integrated volume, written by leading specialists in the field, will become an indispensable source for analysis of the prospects and role of the FTAA in the global economy. It will be warmly welcomed by informed readers such as international business experts, bankers, corporate executives, economists dealing with fiscal and monetary integration, and those interested in Latin American business.Table of ContentsContents: Foreword Preface 1. Potential for Hemispheric Regional Cooperation 2. The Political Economy of Development in Latin America 3. Structural Partnering Potential of the US Economy 4. Economic Integration in North America: Implications for the Americas 5. What Institutional Design for North America? 6. The Future of MERCOSUR 7. The European Experience of Economic Integration 8. Hemispheric Monetary Cooperation 9. Western Hemisphere Energy Development: The Continuing Search for Security 10. Hemispheric Alliance Capitalism and Structural Partnering 11. Developmental Issues Posed by the FTAA 12. The Hemisphere in the International Political Economy Index

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Book SynopsisThis book is an up-to-date, authoritative and comprehensive analysis of the key issues and challenges facing regional currency area projects in the context of financial globalization. The authors focus on several central issues that emerged during the experiences of the 1990s and 2000s: exchange rate regimes and optimal currency area theory; exchange rate regimes in emerging countries, international capital markets and regional currency areas; EMU and the euro; exchange rate regimes in Central and Eastern Europe, Asia and Latin America; dollarization and the coordination of macroeconomic policies in the presence of regional currency areas.Regional Currency Areas in Financial Globalization will have wide appeal to scholars and researchers of money and finance, and international economics, as well as economists working in international financial institutions or development banks, and bankers.Table of ContentsContents: Preface Regional Currency Areas and International Financial Architecture in Financial Globalization: An Introduction Part I: International Financial Markets and Regional Currency Areas 1. Financial Markets Aspects of Regional Currency Areas 2. Currency Regimes and Process of Regional Financial Integration of the Emerging Countries 3. Pensions and Savings in a Monetary Union: An Analysis of Capital Flows 4. Emerging Sovereign Bond Markets: A View from the Extremes Part II: Exchange-rate Regimes and Regional Currency Areas in Emerging Countries 5. Financial Vulnerability and Exchange Rate Regimes in Latin American and Asian Emerging Countries: Towards New Criteria? 6. The Dollar, the European and Exchange Rate Regimes in Latin America 7. Big and Small Currencies: The Regional Connection 8. Regional Integration and the Issue of Choosing an Appropriate Exchange Rate Regime in Latin America 9. Is a Monetary Union in CARICOM Desirable? Part III: Regional Currency Areas and Economic Policy 10. Exchange Rate Regimes in the Route to EMU 11. Can the Free Rider Behaviour of Small Countries Offset the Profligacy Spending Bias of Large Countries in the Euro Zone? 12. Comparing Monetary and Fiscal Policies in Europe and in the United States: A Strategic Analysis 13. Fiscal Policy and War of Attrition: The Case of Latin American Countries 14. Are there Benefits to a Monetary Policy Rule in the EMU?

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Book SynopsisThis unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the 'Great Depression', the 'Great Peacetime Inflation', the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz.Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.Trade Review'This is a splendid book. It sits at the interface of economics and economic history, and provides both a textbook-style introduction to the key themes of macroeconomics and personal insights into the central debates gleaned from interviews with leading economists.' -- David Greasley, Australian Economic History Review'It should be in every library. A hundred years from now, it will be an important guide to what leading economists thought they knew, and what they knew they didn't know as of A.D. 2002.' -- Christopher Hanes, EH.Net'Conversations on Growth, Stability and Trade is a wonderful survey of the development of macroeconomic thinking over the past decades. Brian Snowdon has a knack for combining insightful essays on a subject with interviews of interesting, relevant, and diverse economists. The interviews give one an excellent sense of how economists approach policy issues.' -- David Colander, Middlebury College, US'Conversations on Growth, Stability and Trade has all the lucidity of A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk, combined with the fascination of Conversations with Leading Economists by Snowdon and Vane. Students will love it and their teachers will devour it the night before the big lecture. If only I had learned macroeconomics this way.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Preface 1. Introduction: The World Economy in Historical Perspective 2. Economic Growth and Development: A Very Long-run View 3. Growth Theories: Old and New 4. Managing Aggregate Economic Instability: From Keynes to Lucas 5. International Economic Integration in the Second Global Age Interviews Appendix References Index

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Book SynopsisThis collection comprises important articles on key concepts in understanding the global economy. Professor Baldwin has selected papers, written by leading academics, which cover governance, diffusion, democracy, domestic affairs, immigration, conflict, sanctions, trade and finance. Along with an original introduction, this research review will be of great value to students, academics and practitioners interested in the field of the new global economy. Table of ContentsContents: Volume I Acknowledgements Introduction David A. Baldwin PART I GOVERNANCE 1. Robert O. Keohane (2001), ‘Governance in a Partially Globalized World: Presidential Address, American Political Science Association, 2000’ 2. Kenneth N. Waltz (1999), ‘Globalization and Governance’ 3. A.T. Kearney (2006), ‘The Globalization Index’ 4. David A. Baldwin (1980), ‘Interdependence and Power: A Conceptual Analysis’ 5. Raghuram G. Rajan (2008), ‘The Future of the IMF and the World Bank’ 6. Stanley Fischer (2003), ‘Globalization and Its Challenges’ PART II DIFFUSION 7. Daniel W. Drezner (2001), ‘Globalization and Policy Convergence’ 8. Beth A. Simmons, Frank Dobbin and Geoffrey Garrett (2006), ‘Introduction: The International Diffusion of Liberalism’ 9. Mark M. Gray, Miki Caul Kittilson and Wayne Sandholtz (2006), ‘Women and Globalization: A Study of 180 Countries, 1975–2000’ 10. R. Daniel Kelemen and Eric C. Sibbitt (2004), ‘The Globalization of American Law’ 11. Kurt Gerhard Weyland (2005), ‘Theories of Policy Diffusion: Lessons from Latin American Pension Reform’ 12. Brian Greenhill, Layna Mosley and Aseem Prakash (2009), ‘Trade-based Diffusion of Labor Rights: A Panel Study, 1986–2002’ 13. Walter Mattli and Tim Buthe (2003), ‘Setting International Standards: Technological Rationality or Primacy of Power?’ 14. Joseph E. Stiglitz (2010), ‘Risk and Global Economic Architecture: Why Full Financial Integration May Be Undesirable’ PART III DEMOCRACY 15. J. Ernesto López-Córdova and Christopher M. Meissner (2008), ‘The Impact of International Trade on Democracy: A Long-Run Perspective’ 16. Edward D. Mansfield, Helen V. Milner and B. Peter Rosendorff (2000), ‘Free to Trade: Democracies, Autocracies, and International Trade’ 17. Edward D. Mansfield, Helen V. Milner and B. Peter Rosendorff (2002), ‘Why Democracies Cooperate More: Electoral Control and International Trade Agreements’ 18. Steven E. Finkel, Aníbal Pérez-Liñán and Mitchell A. Seligson (2007), ‘The Effects of U.S. Foreign Assistance on Democracy Building, 1990–2003’ 19. John Gerring, Phillip J. Bond, William T. Barndt and Carola Moreno (2005), ‘Democracy and Economic Growth: A Historical Perspective’ PART IV DOMESTIC 20. Brian Burgoon (2001), ‘Globalization and Welfare Compensation: Disentangling the Ties that Bind’ 21. Nita Rudra (2002), ‘Globalization and the Decline of the Welfare State in Less-Developed Countries’ 22. Jude C. Hays (2003), ‘Globalization and Capital Taxation in Consensus and Majoritarian Democracies’ 23. Erhan Artuç, Shubham Chaudhuri and John McLaren (2010), ‘Trade Shocks and Labor Adjustment: A Structural Empirical Approach’ 24. Pinelopi Koujianou Goldberg and Nina Pavcnik (2007), ‘Distributional Effects of Globalization in Developing Countries’ Volume II Acknowledgements An introduction by the editor to both volumes appears in Volume I PART I IMMIGRATION 1. Christian Joppke (1998), ‘Why Liberal States Accept Unwanted Immigration’ 2. Martin Ruhs and Ha-Joon Chang (2004), ‘The Ethics of Labor Immigration Policy’ 3. Christian Joppke (2007), ‘Transformation of Immigrant Integration: Civic Integration and Antidiscrimination in the Netherlands, France, and Germany’ 4. Jeannette Money (1997), ‘No Vacancy: The Political Geography of Immigration Control in Advanced Industrial Countries’ PART II CONFLICT 5. Eric Gartzke, Quan Li and Charles Boehmer (2001), ‘Investing in the Peace: Economic Interdependence and International Conflict’ 6. Edward D. Mansfield and Jon C. Pevehouse (2000), ‘Trade Blocs, Trade Flows, and International Conflict’ 7. Patrick J. McDonald and Kevin Sweeney (2007), ‘The Achilles’ Heel of Liberal IR Theory? Globalization and Conflict in the Pre-World War I Era’ 8. John R. Oneal and Bruce Russett (1999), ‘The Kantian Peace: The Pacific Benefits of Democracy, Interdependence, and International Organizations, 1885–1992’ PART III SANCTIONS 9. Ian Hurd (2005), ‘The Strategic Use of Liberal Internationalism: Libya and the UN Sanctions, 1992–2003’ 10. Daniel W. Drezner (2000), ‘Bargaining, Enforcement, and Multilateral Sanctions: When Is Cooperation Counterproductive?’ 11. Michael Mastanduno (1998), ‘Economics and Security in Statecraft and Scholarship’ 12. David A. Baldwin (1999/2000), ‘The Sanctions Debate and the Logic of Choice’ PART IV TRADE 13. Jens Hainmueller and Michael J. Hiscox (2006), ‘Learning to Love Globalization: Education and Individual Attitudes Toward International Trade’ 14. Andrew K. Rose (2004), ‘Do We Really Know That the WTO Increases Trade?’ 15. Joanne S. Gowa and Soo Yeon Kim (2005), ‘An Exclusive Country Club: The Effects of the GATT on Trade, 1950–94’ 16. Michael Tomz, Judith L. Goldstein and Douglas Rivers (2007), ‘Do We Really Know That the WTO Increases Trade? Comment’ 17. Andrew K. Rose (2007), ‘Do We Really Know That the WTO Increases Trade? Reply’ 18. Daron Acemoglu and Pierre Yared (2010), ‘Growth in a Partially De-Globalized World: Political Limits to Globalization’ PART V FINANCE 19. Pepper D. Culpepper (2005), ‘Institutional Change in Contemporary Capitalism: Coordinated Financial Systems since 1990’ 20. Layna Mosley (2000), ‘Room to Move: International Financial Markets and National Welfare States’ 21. William Bernhard, J. Lawrence Broz and William Roberts Clark (2002), ‘The Political Economy of Monetary Institutions’ 22. Beth A. Simmons (2000), ‘International Law and State Behavior: Commitment and Compliance in International Monetary Affairs’ 23. Carmen M. Reinhart and Kenneth S. Rogoff (2009), ‘The Aftermath of Financial Crises’

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Book SynopsisThis book's starting point is that after two decades of experiments, during which other transition economies have effectively privatised all of their former state enterprises, China is still endeavouring to find a way to reinvent and re-engineer its own state-owned economic establishments. The authors explore these reforms along with the problems of China's state-owned banks, which have long been troubled by the adverse loans of Chinese enterprises and face foreign competition in 2007 under China's WTO commitments. Drawing on wide-ranging case studies of enterprise reform, Becky Chiu and Mervyn Lewis combine their extensive experience to give an authoritative account of China's enterprise and bank reform agenda, involving property rights, improved corporate governance and stimulating enterprise.This book will be of great interest to business economists, academic economists and those following the development of the Chinese economy.Trade Review'This book is informative and readable. It will be of interest to anyone wanting to learn about the development of the Chinese economy in general and the reforms of state-owned enterprises in particular. The data and in-depth discussion presented in the book will appeal to academics as well as policymakers.' -- Yin-Fang Zhang, Journal of the Asia Pacific Economy'China watchers will welcome a book which provides a detailed insight into the two pillars of that economy: the state-owned enterprises (SOEs) and the state-owned banks (SOBs). This is a scholarly work, rich in detail.' -- Shelagh Heffernan, The Financial Regulator'For China to sustain her transformation requires that she tackle reform of her state-owned enterprises (SOEs) and banks. This book comprehensively assesses the scale of the problem, reviews previous reforms and suggested solutions. Finally the authors propose their own reform agenda, sensitive to Chinese realities.' -- Michael Artis, European University Institute, Italy'This is an excellent study of the nexus between the effects of party control, the soft budget of state-owned enterprise (SOEs) and the financial fragility of the state-owned banking system (SOBs) in China. It is both sympathetic and knowledgeable about the problems of achieving reform and progress. Beautifully written, it should become the most influential work in this field in the English-speaking world.' -- Charles A.E. Goodhart, London School of Economics, UKTable of ContentsContents: Foreword 1. The Nature of the Problem 2. The Background to China’s Economic Reforms 3. The Changing Role of SOEs 4. Property Rights Reform 5. Corporate Governance Reforms 6. Financial Sector Reforms 7. Solving the SOE Debt Problem 8. Early Case Studies of SOEs 9. Recent Case Studies 10. Reviewing the Evidence 11. Fostering Entrepreneurship 12. Conclusions References Index

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Book SynopsisThis book investigates the realm of intellectual property rights (IPRs) within the context of international political economy. In particular, it examines the extent to which powerful interest groups, such as pharmaceutical multinational companies, influence the political dynamism underlying the field of IPRs. Meir Perez Pugatch argues that a pure economic approach does not provide a sufficient or satisfactory explanation for the creation of intellectual property rights, most notably patents. The author instead suggests that a dynamic approach, based on the international political economy of interest groups and systemic outcomes, provides a better starting point for explaining how the international intellectual property agenda is determined. The book explores the manner in which the R&D-based pharmaceutical industry in Europe organised and operated between 1995 and 1999 in order to secure its interests with regard to the agreement on trade-related aspects of intellectual property rights (TRIPs) of the World Trade Organisation.The International Political Economy of Intellectual Property Rights will be warmly welcomed by scholars, practitioners, and government officials interested in the fields of international trade and intellectual property policy, intellectual property law and international business. The potential readership is as likely to come from developed as from developing countries. The latter may find the process of IP policy making of particular interest and relevance given current international IP developments.Trade Review'The TRIPS agreement was the most controversial outcome of the Uruguay Round, and is seen by many informed observers as a poisoned chalice for the WTO. Meir Pugatch examines the European side of the lobbying process that produced it. Everyone interested in how business interests affect and even dominate the formation of public policy should read his study.' -- Brian Hindley, London School of Economics and Political Science, UK'This book is a substantial contribution to the discussion on trade-related intellectual property rights. It provides a clear, step-by-step, in-depth analysis of the TRIPS agreement, particularly as it relates to the European pharmaceutical industry. Politics, law and economics are judiciously blended. Meir Pugatch's work should be read not just by academic experts and students in the field, but also by trade policy and IPR practitioners interested in an accessible, policy-relevant treatment of the issues at hand.' -- Razeen Sally, London School of Economics and Political Science, UKTable of ContentsContents: Preface 1. Introduction 2. The Economic Theory of IPRs (Patents and Trademarks) 3. Economic and Political Explanations for the Emergence of a Stronger International IP System 4. The Advanced Pharmaceutical Industry in Europe and IPRs 5. Core IP Interests and the Organizational Structure of the Advanced Pharmaceutical Industry in Europe 6. TRIPs and Pharmaceuticals 7. Opposition of Developing Countries and LDCs to the TRIPs Pharmaceutical IP Agenda 8. Protecting the International Pharmaceutical IP Agenda of TRIPs: Strategies and Activities of the Advanced Pharmaceutical Industry in Europe between 1995 and 1999 9. The Dynamics of Change within the Framework of IPRs References Annex I: Interviews Index

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Book SynopsisCE Marking, the European system of mandatory product safety standards, has created major obstacles for US exporters to the European Union (EU). CE Marking, Product Standards and World Trade is one of the first books to analyze the nature and dynamics of this major non-tariff trade barrier. David Hanson looks at the patterns of EU decision-making through a functional comparative analysis with the US, and in the context of the institutional alliances and rivalries that shape outcomes. An increasingly important but little understood issue, CE Marking is also an example of a growing problem in international commerce - the impact of inconsistent domestic product requirements on international trade. The author examines the way in which the EU has implemented the CE Marking system, its impact on US exporters, the dynamic of US-EU trade and negotiations, and the political and administrative arrangements that support them.This comprehensive study will be of great interest to students and scholars of industrial economics and international business. Business people and policymakers will also find much of interest in this timely volume.Table of ContentsContents: 1. Introduction 2. Background to CE Marking 3. A New Approach to Product Regulation 4. From Directives to Standards 5. From Notified Bodies to Surveillance Authorities 6. The American System 7. Dueling Standards 8. Building Bridges 9. New Directions 10. What Can We Learn from CE Marking? Index

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Book SynopsisIs the international financial architecture debate over? Not according to leading experts gathered together in this impressive volume who try to identify the key trends that will fashion the international financial system in the years ahead. As history has shown, the evolution of the international monetary system is a slow process. However, the authors argue that we may be entering a new era in which a combination of factors will have lasting consequences on the functioning of the international monetary system and the future role of the IMF. This book combines the thoughts and opinions of distinguished contributors from academia, the private sector and central banks. In light of the financial crises of the 1990s, it provides a first attempt to reflect on debates surrounding the current state of the international financial system and predict some possible future scenarios.The authors examine several broad areas including: the evolution of the international monetary and financial system prospective sources of finance for the developing world and the future of the sovereign debt market the evolving debate on capital account liberalization exchange rate regimes and future monetary arrangements the aftermath of the sovereign debt restructuring mechanism debate governance of the international financial system. This important overview of the controversies surrounding the future design and development of the international financial system will be welcomed by academics and professional economists interested in banking, monetary economics and international finance. It will also be of great value to finance ministries, supervisory authorities, central banks and financial institutions.Table of ContentsContents: Part I: The Future Evolution of the International Monetary and Financial System Part II: The Future Source of Finance for the Developing World and the Future of the Sovereign Debt Market Part III: The Evolving Debate on Capital Account Liberalization Part IV: Exchange Rate Regime and Future Monetary Arrangements Part V: The Aftermath of the SDRM Debate: CACs in Practice, Access Limits and the Concept of a Code of Good Conduct Part VI: Governance of the International Financial System: The IMF, the G7, G10 and G20 Index

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Book SynopsisThis book aims to improve the understanding of the relationship between cultural diversity and international economic integration and its implications for global governance of the audio-visual sector.The national audio-visual policies of a number of countries - including Canada, Egypt, France, Germany, Italy, India and the UK - are compared in order to assess their potential impacts and restrictive effects on international trade and investment. The variety of approaches used by the contributors reflects the wide differences among national audio-visual systems and offers a rich perspective on how they can be analysed. The lessons drawn from these national case studies are placed in context by up-to-date original analysis of the constraints arising from the WTO system. Scholars and professionals in the audio-visual sector and in international trade negotiations would be interested in the issues discussed in the book, given their importance in shaping the institutional environment of cultural and economic activities in the audio-visual sector.Trade Review'. . . represents an extremely valuable contribution to the debate on cultural diversity and international trade. . . its originality consists in providing a fresh and unbiased look at the issues at stake, formulating interesting policy recommendations and taking an economic perspective on the subject matter. . .' -- Anna Herold, Journal of Cultural EconomicsTable of ContentsContents: Preface 1. Introduction Part I: Country Studies 2. French Audio-Visual Policy: Impact and Compatibility with Trade Negotiations 3. Competition, Cultural Autonomy and Global Governance: The Audio-Visual Sector in Germany 4. Audio-Visual Policies and International Trade: The Case of Italy 5. The Case of the UK Audio-Visual System 6. Canada – Audio-Visual Policies: Impact on Trade 7. The Audio-Visual Sector in Egypt 8. Audio-Visual Policies and International Trade: The Case of India Part II: The Multilateral Context 9. WTO Rules in the Audio-Visual Sector Index

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Book SynopsisThis unique collection of seminal articles reflects on the evolution of international finance in the 1990s, exploring the recurrence of financial crises and the resultant policy responses. The editors have brought together groundbreaking academic research addressing the policy decisions made by the key players. In this way, New International Financial Architecture sheds new light on the important debate of the 1990s which started with the Mexican crisis. This authoritative two volume set will provide a great resource for academics, policymakers and private sector participants.Trade Review'An essential reference work for both scholars and practitioners concerned with financial crises. Roubini and Uzan have collected from around the world - from reports, conferences and professional journals alike - the key theoretical and applied work on the crisis problem. The result is hefty and therefore worth the price.' -- Barry Eichengreen, University of California, Berkeley, USTable of ContentsContents: Volume I Acknowledgements Introduction Nouriel Roubini and Marc Uzan PART I CAUSES OF THE CRISIS: CASE STUDIES A General 1. Stanley Fischer (1999), ‘Reforming the International Financial System’ 2. Policy Development and Review Department (2003), ‘The Balance Sheet Approach and its Applications at the Fund’ 3. Nouriel Roubini and Brad Setser (2004), ‘New Nature of Emerging Market Crises’ B Mexico 4. Jeffrey Sachs, Aaron Tornell and Andrés Velasco (1996), ‘The Collapse of the Mexican Peso: What Have We Learned?’ C Asia 5. Steven Radelet and Jeffrey D. Sachs (1998), ‘The East Asian Financial Crisis: Diagnosis, Remedies, Prospects’ 6. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘What Caused the Asian Currency and Financial Crisis?’ D Russia 7. Abbigail J. Chiodo and Michael T. Owyang (2002), ‘A Case Study of a Currency Crisis: The Russian Default of 1998’ E Brazil 8. Morris Goldstein (2003), ‘Debt Sustainability, Brazil, and the IMF’ F Argentina 9. Ricardo Hausmann and Andrés Velasco (2002), ‘Hard Money's Soft Underbelly: Understanding the Argentine Crisis’ G Contagion and Twin Banking Crises 10. Rudiger Dornbusch, Yung Chul Park and Stijn Claessens (2000), ‘Contagion: Understanding How It Spreads’ 11. Graciela L. Kaminsky and Carmen M. Reinhart (1999), ‘The Twin Crises: The Causes of Banking and Balance-of-Payments Problems’ PART II CAUSES OF CRISES: THEORY A Liquidity Runs Models 12. Roberto Chang and Andrés Velasco (1999), ‘Liquidity Crises in Emerging Markets: Theory and Policy’ B Moral-Hazard Related Papers 13. Paul Krugman (1998), ‘What Happened to Asia?’ 14. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘Paper Tigers? A Model of the Asian Crisis’ C Balance Sheet Effects Models 15. Paul Krugman (1999), ‘Balance Sheets, the Transfer Problem, and Financial Crises’ 16. Guillermo A. Calvo (1998), ‘Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops’ 17. Luis Felipe Céspedes, Roberto Chang and Andres Velasco (2000), ‘Balance Sheets and Exchange Rate Policy’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I INTERNATIONAL FINANCIAL ARCHITECTURE REFORM: CRISIS PREVENTION AND RESOLUTION A Architecture Reform 1. Kenneth Rogoff (1999), ‘International Institutions for Reducing Global Financial Instability’ 2. Halifax Summit (1995), ‘Halifax Summit Communiqué’ 3. Robert E. Rubin (1998), ‘Strengthening the Architecture of the International Financial System’ 4. Lawrence H. Summers (2000), ‘International Financial Crises: Causes, Prevention, and Cures’ 5. Martin Feldstein (1999), ‘A Self Help Guide for Emerging Markets’ B IMF Reform 6. Lawrence H. Summers (1999), ‘The Right Kind of IMF for a Stable Global Financial System’ 7. Martin Feldstein (1998), ‘Refocusing the IMF’ 8. Joseph E. Stiglitz (2002), ‘The IMF’s Other Agenda’ 9. Allan H. Meltzer (2000), ‘Statement of Allan H. Meltzer on the Report of the International Financial Institution Advisory Commission Senate Committee on Banking, Housing, and Urban Affairs’ C Crisis Resolution and PSI (Official Policy and Practice) 10. William R. Cline (2002), ‘“Private Sector Involvement” in Financial Crisis Resolution: Definition, Measurement, and Implementation’ 11. Report of G7 Finance Ministers to the Köln Economic Summit (1999), ‘Strengthening the International Financial Architecture’ 12. Special Committee on Crisis Prevention and Resolution in Emerging Markets (2001), ‘Policy Statement’ PART II BAIL-INS VERSUS BAILOUTS: SDRM, CAC, CODE OF GOOD CONDUCT A Crisis Resolution 13. Barry Eichengreen (2003), ‘Restructuring Sovereign Debt’ 14. Kenneth Rogoff and Jeromin Zettelmeyer (2002), ‘Early Ideas on Sovereign Bankruptcy Reorganization: A Survey’ 15. Anne Krueger (2002), ‘New Approaches to Sovereign Debt Restructuring: An Update on Our Thinking’, Address given at the Conference on “Sovereign Debt Workouts: Hopes and Hazards” 16. John B. Taylor (2002), ‘Sovereign Debt Restructuring: A U.S. Perspective’, Remarks at the Conference “Sovereign Debt Workouts: Hopes and Hazards?” 17. Nouriel Roubini and Brad Setser (2004), ‘Legal Reform’ B Models of Bail-Ins and Bail-Outs and Catalytic Finance 18. Carlo Cottarelli and Curzio Giannini (2002), ‘Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending’ 19. Andrew Haldane, Simon Hayes, Adrian Penalver, Victoria Saporta and Hyun Song Shin (2002), ‘Binding-in the Private Sector’ PART III OTHER POLICY ISSUES A Appropriate Exchange Rate Regime for Emerging Markets 20. Stanley Fischer (2001), ‘Exchange Rate Regimes: Is the Bipolar View Correct?’ 21. Guillermo A. Calvo and Carmen M. Reinhart (2002), ‘Fear of Floating’ B Dollarization 22. Andrew Berg and Eduardo Borensztein (2000), ‘The Pros and Cons of Full Dollarization’ C Capital Controls 23. Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei and M. Ayhan Kose (2003), ‘Effects of Financial Globalization on Developing Countries: Some Empirical Evidence’ 24. Jagdish Bhagwati (1998), ‘The Capital Myth: The Difference Between Trade in Widgets and Dollars’ D An International Lender of Last Resort (ILOLR) 25. Stanley Fischer (1999), ‘On the Need for an International Lender of Last Resort’ 26. J. Sachs (1995), ‘Do We Need an International Lender of Last Resort’ Name Index

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Book SynopsisGlobalization and Economic and Financial Instability is an authoritative collection of important previously published articles addressing the changing nature of the linkages between domestic financial systems caused by the globalization of economic activity and capital flows. How these linkages affect developed emerging and developing economies are investigated as well as how increased linkages between economies might add to economic instability in these economies.This innovative collection will be of particular interest to those researching and involved in the international flow of capital.Trade Review'An excellent collection of papers on a critical, but much misunderstood topic. Professors Gray and Dilyard's introduction is a concise and masterly summary of the key issues involved. The volume is a "must read" for all international finance, economics and business scholars and practitioners.' -- John H. Dunning, University of Reading, UK and Rutgers University, USTable of ContentsContents: Acknowledgements Introduction H. Peter Gray and John R. Dilyard PART I OVERVIEW OF GLOBAL INSTABILITY 1. Barry Eichengreen and Richard Portes (1987), ‘The Anatomy of Financial Crises’ 2. Andrew Crockett (1997), ‘Why Is Financial Stability a Goal of Public Policy?’ 3. George G. Kaufman (2000), ‘Banking and Currency Crises and Systemic Risk: Lessons from Recent Events’ 4. Terutomo Ozawa (2001), ‘Borrowed Growth: Current-account Deficit-based Development Finance’ 5. H. Peter Gray (1999), ‘Macro Financial Stability Policy: An Overview for a Globalized World’ 6. Peter B. Kenen (2002), ‘Currencies, Crises, and Crashes’ 7. Paul A. Volcker (2002), ‘Globalization and the World of Finance’ 8. James Tobin (1978), ‘A Proposal for Monetary Reform’ 9. C.V. Helliar, A.A. Lonie, D.M. Power and C.D. Sinclair (2000), ‘The Risks of Investing in Emerging Markets: Fund Managers’ Perspectives’ PART II INSTABILITY IN DEVELOPING NATIONS 10. John R. Dilyard and H. Peter Gray (2002), ‘Increasing the Contribution of Foreign Investment to Sustainable Development: Domestic and International Policy Measures’ 11. S. Stanley Katz (1999), ‘The Asian Crisis, The IMF and the Critics’ 12. Kwang W. Jun and Thomas L. Brewer (1997), ‘The Role of Foreign Private Capital Flows in Sustainable Development’ 13. Ajit Singh (2003), ‘Capital Account Liberalization, Free Long-term Capital Flows, Financial Crises, and Economic Development’ 14. Christian E. Weller (2001), ‘Financial Crises After Financial Liberalisation: Exceptional Circumstances or Structural Weakness?’ PART III REGIONAL EXPERIENCE OF INSTABILITY 15. James K. Galbraith (2002), ‘The Brazilian Swindle and The Larger International Monetary Problem’ 16. David Felix (1997–98), ‘On Drawing General Policy Lessons from Recent Latin American Currency Crises’ 17. Jan A. Kregel (1998), ‘East Asia Is Not Mexico: The Difference Between Balance of Payments Crises and Debt Deflation’ 18. Paul C.H. Chiu (2000), ‘Taiwan’s Experience in Dealing with the Asian Financial Crisis and Examination of the Role of Short-term Capital Flows in the Emerging Market Economy’ 19. Rudi Dornbusch (2001), ‘Malaysia: Was It Different?’ 20. Carlos Diaz-Alejandro (1985), ‘Good-bye Financial Repression, Hello Financial Crash’ PART IV INSTABILITY AND THE DEVELOPED WORLD 21. Dominick Salvatore (2002), ‘The Euro: Expectations and Performance’ 22. Wynne Godley and Alex Izurieta (2002), ‘Strategic Prospects and Policies for the U.S. Economy’ 23. Robert A. Blecker (1999), ‘The Ticking Debt Bomb: Why the U.S. International Financial Position Is Not Sustainable’ 24. Catherine L. Mann (2000), ‘Is the U.S. Current Account Deficit Sustainable?’ 25. Claudia M. Buch, Ralph P. Heinrich, Lusine Lusinyan and Mechthild Schrooten (2000), ‘Russia’s Debt Crisis and the Unofficial Economy’ PART V GLOBAL FINANCIAL INSTABILITY 26. Joseph E. Stiglitz (1999), ‘Reforming the Global Economic Architecture: Lessons from Recent Crises’ 27. Stanley Fischer (2003), ‘Financial Crises and Reform of the International Financial System’ 28. Claudia M. Buch (1999), ‘Chilean-Type Capital Controls – A Building Block of the New International Financial Architecture?’ 29. John Williamson (2000), ‘What Should the World Bank Think about the Washington Consensus?’ 30. T.N. Srinivasan (2000), ‘The Washington Consensus a Decade Later: Ideology and the Art and Science of Policy Advice’ Name Index

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Book SynopsisAlthough the full extent of the potential damages from global warming remain unknown, scientists have long argued that action should be taken now to mitigate any possible adverse consequences. However, in making such policy recommendations, economic arguments need to be considered as much as scientific ones. This volume examines the appropriate economic incentives for implementing policy to mitigate climate change and then exposes the flaws in current international agreements. The book begins by providing the economic foundations for understanding climate change. It examines how Kyoto's flexibility mechanism departs from more efficient and less-costly approaches for reducing atmospheric carbon dioxide, and highlights the problems that terrestrial carbon credits pose for emissions trading. Unique case studies of Canada, Japan and The Netherlands indicate that most countries will be unable to meet their own Kyoto obligations. The author then uses an economic analysis of the potential damages to show that even though some countries will experience a detrimental effect from climate change, the majority will actually benefit. In this way, he clearly demonstrates that not only will current policies do little to avert global warming, most countries will also have less incentive to sign up to any future international agreements.Academics, economists and policymakers involved in the climate change debate will find this succinct yet comprehensive analysis of the economic instruments available for mitigating climate change to be essential reading.Table of ContentsContents: Preface 1. Introduction 2. Economic Efficiency and Climate Change Mitigation 3. Costs and Benefits of Mitigating Climate Change 4. Terrestrial Carbon Sinks 5. Ratifying Kyoto: Is it Smoke and Mirrors? 6. Why Might Countries Want to Mitigate Climate Change? 7. Discussion References Index

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Book SynopsisThis comprehensive book addresses one of the most important aspects of international trade, namely, regional trade and regional integration agreements (RIAs). The focus of intense global interest and debate over the last decade, RIAs have become an integral and enduring aspect of the multilateral trading regime. Dilip K. Das analyzes the latest trends, evaluates the pattern and gauges the progress of regional integration in the global economy over the post-war, and especially the contemporary, periods. At present approximately half of the world's trade is intra-RIA. Virtually all 146 members of the World Trade Organization are partners in at least one RIA, and several are part of two or more. While some economists believe that this proliferation of RIAs should be welcomed, others are less sanguine and emphasize the importance and primacy of multilateral trade liberalization. Dilip K. Das examines whether regionalism has a rightful place in a rapidly globalizing world economy. The role of RIAs in the global trading system is explored as well as their role in promoting economic development, their welfare implications and whether they adversely affect the global trading system. The principal foci of the book include the impact of RIAs' market access provisions and trade regulatory functions on international trade relations.Academics, researchers, and students in the areas of economics, international political economy, political science, international relations, regionalism, and business will find this timely volume of great interest.Trade Review'This volume is comprehensive, well organized, and eminently readable, with an excellent, comprehensive bibliography. Highly recommended.' -- I. Walter, ChoiceTable of ContentsContents: Preface 1. Globalism versus Regionalism 2. Rationale, Motivation and Welfare Implications 3. New Regionalism: The Evolving Landscape 4. RIAs and the Global Trading System 5. Regionalism in Asia-Pacific 6. Regionalism in the Western Hemisphere Bibliography Index

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Book SynopsisIncreasingly, policies and laws commonly agreed within the EU shape the political and economic scenarios of nation states in Europe. However, the same European context is radically changing, essentially due to three major recent developments: the adoption of the Euro, EU enlargement to the east and the implementation of the Lisbon Strategy of structural reforms for growth and competitiveness. The book presents a thorough economic analysis of these three events and of their implications for both existing and potential EU policies and objectives. Carlo Altomonte and Mario Nava have written a very rigorous text in an accessible and jargon-free style, ensuring easy acquisition of invaluable insights into the European economic set-up and the possible evolution of EU policies, including an update on the reform of the Growth and Stability Pact and of the 2007-13 Financial Perspectives.The accessibility of economic concepts combined with the methodological rigour of this up-to-date text will be of great interest to both policy makers and students.Trade Review"'In every chapter we have tried to offer a short historical perspective, the current state of evolution of the discussed instrument or policy, and the implications that the enlargement of the Union to 25 member states will have on the same instrument or policy in the years to come. To aid the reader, we have highlighted in bold new concepts or keywords every time we have discussed them for the first time. We have also tried to keep pace with the most recent evolutions of the EU integration process which are likely to shed their influence in the following years. In particular, in Chapter 1 the reader will find a schematic discussion of the novelties possibly introduced by the EU Constitution. The March 2005 reform of the Stability and Growth Pact is discussed in detail in Chapter 4, while the new EU Financial Perspectives for the period 2007 - 13 are presented in Chapter 6. Chapter 10 also introduces the latest evolutions in the Doha Round of negotiations at the World Trade Organisation.' - From the preface by the authors"Table of ContentsContents: Foreword by André Sapir Preface 1. The Multiple Dimensions of an Enlarged Europe 2. The Classic Theory of Economic Integration 3. The Theory of Market Integration and the EU Single Market 4. The Economic and Monetary Union 5. Managing the EU Economic Policy: The Lisbon Agenda 6. The EU Budget 7. The Common Agricultural Policy 8. Policies for Cohesion and Sustainable Growth 9. Competition Policy 10. The Economic External Dimension of the Union 11. Conclusions References Index

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Book SynopsisInternationalization of the world economy has made trade a key factor in the growth potential of nearly every nation's economy. Hence, economists have become increasingly interested in the determinants of international trade and competitiveness. Empirical Methods in International Trade captures the many aspects of this trend in globalization through practical techniques well-founded in economic theory.The authors, comprising some of the most influential applied international economists of their generation, use cutting-edge models to develop empirical approaches to critical aspects of economic interchange. These approaches are developed and explained carefully with the goal of making them accessible to a wide audience. Topics include: inter alia, labor markets and trade, regional economic integration, measures of national competitiveness and export similarity, aspects of the WTO and NAFTA, trade pattern persistence, trade in services, and various case studies applied to East Asia.Professors and students of international economics will find this volume a valuable addition to their library, as will policymakers dealing with economic issues of international scope.Table of ContentsContents: Foreword by Peter McPherson Foreword by Jagdish Bhagwati Part I: Introduction 1. Contributions of Professor Kreinin to International Economics Part II: New Approaches to Empirical Trade Analysis 2. Measures of Similarity and Matching in International Trade 3. Changes in the Relative International Competitiveness of the United States During the Past Two Decades 4. Why Does Optimal Currency Area Theory Fail to Predict Changes in Currency Areas? Evidence from Europe and Lessons for Asia 5. Labor Market Structure and its Influence on Trade-Related Outcomes: Some Initial Findings 6. Trade Pattern Persistence 7. The Role of Intra-Industry Trade in the Service Sector 8. Global Production Networks and Regional Integration Part III: Empirical Approaches to Economic Integration 9. The WTO Agreement on Safeguards: An Empirical Analysis of Discriminatory Impact 10. Organized Labor’s Campaign Contributions after the NAFTA Vote: Rhetoric or Retribution? 11. Korea’s Direct Investment in China and its Implications for Economic Integration in Northeast Asia 12. NAFTA and the Broader Impacts of Trade Agreements on Industrial Development: When ‘Second-Order Effects’ Dominate 13. Selective Intervention and Growth: The Case of Korea Index

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Book SynopsisTrade and environment issues are achieving ever greater prominence in the WTO. This timely volume contains key papers on this important and highly contentious issue.There is a natural linkage between trade and environment through the use of policy instruments. But when does more trade help or hurt the environment? There is clash between the market-opening principles of free trade, as reflected in the WTO, and the environmental quality and market regulating instincts of environmentalists. This volume examines the conceptual issues involved, as well as the manner in which the subject has been handled by the WTO. It will be an invaluable source of reference for students and researchers alike.Trade Review'Trade and environment is a topic on which people hold strong opinions, often based on fundamental misunderstandings. The editors of this volume - both distinguished experts on the subject - have collected an impressive group of papers that provide a framework for improved dialogue. These cover the basic principles, empirical tests of key hypotheses, and evaluations of the most important institutions, drawing from the disciplines of both economics and international law. A welcome resource.' -- Scott Barrett, Johns Hopkins University, US'Of all the issues to have risen up the global agenda in recent years, the link between trade and the environment is the most debated. Debates need sound science and good information. This book provides both. It is an excellent compilation of the salient contributions to this important topic.' -- The late David Pearce, formerly of University College London, UK'This splendid collection of 28 papers brings a wide range of perspectives to bear on the acrimonious debate over the impact of international trade on the global environment. The careful analyses in these papers contribute to a real understanding of the issue in contrast to what is often, unfortunately, simply a clash of ideologies.' -- Wallace E. Oates, University of Maryland, College Park and Resources for the Future, USTable of ContentsContents: Acknowledgements Introduction Trade and the Environment: Seeing Red Over Green Gary Sampson and John Whalley PART I GENERAL LINKAGE DISCUSSION 1. Werner Antweiler, Brian R. Copeland and M. Scott Taylor (2001), ‘Is Free Trade Good for the Environment?’ 2. Hiro Lee and David W. Roland-Holst (1997), ‘Trade and the Environment’ 3. Carlo Perroni and Randall M. Wigle (1994), ‘International Trade and Environmental Quality: How Important are the Linkages?’ 4. Richard H. Snape (1992), ‘The Environment, International Trade and Competitiveness’ 5. Arvind Subramanian (1992), ‘Trade Measures for Environment: A Nearly Empty Box?’ 6. James A. Tobey (1990), ‘The Effects of Domestic Environmental Policies on Patterns of World Trade: An Empirical Test’ 7. John Whalley (1996), ‘Trade and Environment Beyond Singapore’ PART II QUANTIFYING THE DIMENSIONS OF LINKAGE 8. Lisandro Abrego, Carlo Perroni, John Whalley and Randall M. Wigle (2001), ‘Trade and Environment: Bargaining Outcomes from Linked Negotiations’ 9. Lars Bergman (1991), ‘General Equilibrium Effects of Environmental Policy: A CGE-Modeling Approach’ 10. Brian R. Copeland and M. Scott Taylor (1999), ‘Trade, Spatial Separation, and the Environment’ 11. John Whalley (1991), ‘The Interface between Environmental and Trade Policies’ PART III SPECIFIC STUDIES OF LINKAGE 12. John Beghin, David Roland-Holst and Dominique van der Mensbrugghe (1995), ‘Trade Liberalization and the Environment in the Pacific Basin: Coordinated Approaches to Mexican Trade and Environment Policy’ 13. Gene M. Grossman and Alan B. Krueger (1993), ‘Environmental Impacts of a North American Free Trade Agreement’ 14. Hemamala Hettige, Robert E.B. Lucas and David Wheeler (1992), ‘The Toxic Intensity of Industrial Production: Global Patterns, Trends, and Trade Policy’ 15. Patrick Low (1992), ‘Trade Measures and Environmental Quality: The Implications for Mexico’s Exports’ 16. Robert E.B. Lucas, David Wheeler and Hemamala Hettige (1992), ‘Economic Development, Environmental Regulation and the International Migration of Toxic Industrial Pollution: 1960–88’ PART IV INSTITUTIONAL BACKGROUND 17. Jagdish Bhagwati and T.N. Srinivasan (1996), ‘Trade and the Environment: Does Environmental Diversity Detract from the Case for Free Trade?’ 18. Steve Charnovitz (1998), ‘The World Trade Organization and the Environment’ 19. GATT (1992), ‘Trade and the Environment’ PART V SETTLING DISPUTES 20. James Cameron (1998), ‘Dispute Settlement and Conflicting Trade and Environment Regimes’ PART VI WTO AND MULTILATERAL ENVIRONMENT AGREEMENTS 21. Duncan Brack (2000), ‘Multilateral Environmental Agreements: An Overview’ 22. Gary P. Sampson (2001), ‘Effective Multilateral Environment Agreements and Why the WTO Needs Them’ 23. Graham Dutfield (2002), ‘Sharing the Benefits of Biodiversity: Is there a Role for the Patent System?’ PART VII DEVELOPING COUNTRY CONCERNS 24. Arthur E. Appleton (2002), ‘Environmental Labelling Schemes Revisited: WTO Law and Developing Country Implications’ 25. Magda Shahin (2002), ‘Trade and Environment: How Real Is the Debate?’ PART VIII SYSTEMIC 26. Daniel C. Esty (1998), ‘Non-Governmental Organizations at the World Trade Organization: Cooperation, Competition, or Exclusion’ 27. Howard Mann (2000), ‘NAFTA and the Environment: Lessons for the Future’ 28. C. Ford Runge (2001), ‘A Global Environment Organization (GEO) and the World Trading System’ Name Index

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Book SynopsisThis book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages.Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows.Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.Trade Review'This book is interesting and important beyond its modest size. . . it provides a useful overview of, and context for, Thirlwall's important contributions to the macroeconomics of economic growth and the role that the balance of payments plays in this process. . . Thirlwall's core lessons will leave the reader with a solid foundation for understanding the entrenched macroeconomic problems of our emerging world order.' -- Robert E. Prasch, Review of Political Economy'The book is an important addition to the current literature on balance-of-payments and exchange-rate policy in developing countries. It offers a view that is different from the standard approach and forces us to reconsider the conventional wisdom. Thirlwall builds on his rich past research and puts out a short and readable book that is very much needed not only in the classroom but also in the offices of policymakers and international institutions.' -- Mohammed Akacem, The Journal of Energy and DevelopmentTable of ContentsContents: Preface Introduction 1. Trade and Growth 2. Trade and the Balance of Payments 3. Exchange Rate Systems and Policy 4. What is Wrong with Balance of Payments Adjustment Theory? 5. A New International Economic Order Bibliography Index

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Book SynopsisThis volume investigates the relationship between economic globalization and institutions, or global governance, challenging the common assumption that globalization and institutionalization are essentially processes which exclude each other. Instead, the contributors to this book show that globalization is better perceived as a dual process of institutional change at the national level, and institution building at the transnational level. Rich, supporting empirical evidence is provided along with a theoretical conceptualization of the main actors, mechanisms and conditions involved in trickle-up and trickle-down trajectories through which national institutional systems are being transformed and transnational rules emerge.The book collectively argues that transnational institution building is one of the most striking features of the current period of internationalization. As a consequence, debates concerning globalization and global governance have to be reformulated. The authors posit that globalization is not threatening governance, but in fact globalization reflects a particular type of governance. The dilemma, therefore, is not between globalization and institutions, but between different meanings of governance and the balance that should be reached between them.Globalization and Institutions will be of special interest to academics and scholars of institutional economics, globalization and management. However, with its focus on two key debates for which there is clearly rising interest, many social scientists will find the book of interest.Trade Review'This valuable edited volume will move forward the debate on national business systems/varieties of capitalism in the context of globalization and provide new directions for it. Both in its persuasive theoretical sections and in its empirical chapters, the work shifts our focus to the transnational space and its interaction with national and sub-national levels. It moves away from a determinist institutionalist analysis and puts more emphasis on actors at sub-national level and their contribution to a complex and multi-directional process of non-linear change. The volume is particularly preoccupied with rule-making at the transnational level and the impact of new rules on national institutions. In contrast to many conference volumes, this one excels through a genuine integration of theory with empirical chapters and through a selection of authors who all tackle new and highly topical aspects of economic globalization.' -- Christel Lane, University of Cambridge and St John's College, Cambridge, UK'The rapid rise of supra-national institutions, in Europe and worldwide, has had a great impact on the ways business organizes and operates. New rules and regulations, professions, organizations, and models arise and become established. They provide new uncertainties and opportunities, but in any case greatly change the conditions businesses confront. Marie-Laure Djelic and Sigrid Quack have put together a set of most impressive studies analyzing the whole process as it occurs in different economic sectors, and have presented these in a conceptual frame that helps the reader make sense of them. The studies here focus on the two main issues at hand in globalization or Europeanization. They analyze the rise, nature, and spread of the new institutional systems. And they analyze the impact of these systems on formerly-national businesses and economic arrangements. Readers concerned with the impact of globalization and the new Europe on business and economic organization will find the studies here invaluable.' -- John Meyer, Stanford University, USTable of ContentsContents: Introduction: Governing Globalization – Bringing Institutions Back In 1. Theoretical Building Blocks for a Research Agenda Linking Globalization and Institutions Part I: Globalization and National Institutional Change 2. Global Investors Meet Local Managers: Shareholder Value in the Finnish Context 3. Building up an Asset Management Industry: Forays of an Anglo-Saxon Logic into the French Business System 4. Message and Medium: The Role of Consulting Firms in Globalization and its Load Interpretation 5. Changing Transnational Institutions and the Management of International Business Transactions Part II: Globalization and Transnational Institution Building 6. Coordinating Transnational Competition: Changing Patterns in the European Pulp and Paper Industry 7. Path-dependent National Systems or European Convergence? The Case of European Electricity Markets 8. Europe’s Special Case: The Five Corners of Business–state Interactions 9. Multilateral Rulemaking: Transatlantic Struggles Around Genetically Modified Food 10. Innovations in Governance: Global Structuring and the Field of Public Exchange-Traded Markets 11. Structuring Dispute Resolution in Transnational Trade: Competition and Coevolution of Public and Private Institutions Conclusion: Globalization as a Double Process of Institutional Change and Institution Building Index

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Book SynopsisHuman Capital, Trade and Public Policy in Rapidly Growing Economies argues that only two centuries ago, no society had ever enjoyed sustained growth in living standards. The contributors to this book aim to discover why the world today exhibits a predilection for perpetual self-improvement.In particular, the book focuses on the forces underlying long-lasting growth in East Asia's Newly Industrialized Countries (NICs). Drawing from the experiences of Hong Kong, South Korea, Singapore and Taiwan, it questions whether public policy can contribute to removing barriers towards accumulation of wealth, and if so, what development policy should be put in place to remedy the existing distortions or market failure problems.Theoretical and empirical analyses are also used to broach other important issues, such as: Why do some economies experience growth while others decline? What are the major determinants of long-term growth and development? Is human capital the main driving force? Does international trade play a crucial role? This book will appeal to those with an interest in development and public policy.Table of ContentsContents: Foreword 1. Introduction: A Quick Reference to Growth Theory Part I: Human Capital 2. Market Structure and Innovation Revisited: Endogenous Productivity, Training and Market Shares 3. Human Capital Formation and Patterns of Growth with Multiple Equilibria 4. On the Relationship Between Fertility and Public Education in Different Stages of Development 5. Productivity Growth and Catch-up in Less-developed Economies Part II: Trade 6. Total Factor Productivity and the Catching-up Process 7. Indeterminacy in a Dynamic General Equilibrium Model of International Trade 8. Evaluating the Quantitative Effects of Import Restrictions – An Almost Neoclassical Benchmark 9. Innovation in a Shrinking World Part III: Public Policy 10. Long-run Effects of Financial Policy in an Endogenously Growing Economy 11. Credit Rationing, Public Borrowing and Endogenous Growth 12. Government Expenditure and Social Status in a Two-sector Model of Endogenous Growth 13. Economic Growth and the Environmental Kuznets Curve in Taiwan: A Simultaneity Model Analysis Index

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Book SynopsisThe WTO's attempts at agricultural trade liberalization have raised concerns that the current movement towards globalization fails to adequately address environmental issues. Even in developed countries, where agriculture at the farm-level represents a small fraction of total GDP, trade-induced changes in agricultural production levels could have considerable environmental effects. This timely new book analyzes the possible linkages between agricultural trade liberalization and the environment, and assesses the negative and positive impacts of any possible reforms. The authors begin by providing an extensive empirical examination of the potential environmental consequences of agricultural trade liberalization at both a global and US level. However, not only might changes in trade policy affect the environment, but environmental policy can also influence trade. Consequently, the authors conduct a detailed study of the impact of US agri-environmental policies on trade flows. To conclude, they investigate conceptual and policy aspects of the important inter-relationship between agricultural trade and unintentional environmental by-products, transboundary concerns and multilateral environmental agreements.In the context of ongoing trade negotiations, this comprehensive book provides an objective overview of the potential economic consequences of the relationship between trade and the environment. It will be of special interest to agricultural, development and environmental economists as well as policymakers and policy analysts confronting the practical problems of environmental and economic assessment.Trade Review'. . . the book provides a comprehensive analysis of multiple aspects of the relationship between trade and the environment. . . It is definitely an eye-opener and a step forward in an ever more important discussion. It highlights the extreme complexity of the relationship between trade liberalization, agricultural policy and environmental effects and shows that trade liberalization does not and should not exclude environmentally friendly agricultural production.' -- Angela M. Hau, Quarterly Journal of International Agriculture'This is a very valuable and timely book that provides insightful factual and methodological perspectives on the co-evolution of agriculture and the environment in an era of trade liberalization and environmental regulation. It is an especially useful resource for understanding the emerging agricultural policies, which integrate environmental, international trade and income distribution considerations. It will be very beneficial for students of agricultural policy as it provides broad perspectives on both the forces shaping the future of global agriculture and the environment, and the crucial details of modeling for policy assessment and design.' -- David Zilberman, University of California, Berkeley, US'The environmental consequences of trade are a major issue in the debate over the merits of expanded global trade. This book offers a systematic and accessible presentation of the conceptual issues and empirical results related to agricultural trade and the environment, as well as the impacts of environmental policies on trade. Agriculture is in many countries a major environmental driver, making an understanding of the environmental consequences of agricultural trade essential for a comprehensive understanding of the trade and environment issue. The empirical work presented in this book is largely focused on the United States but there are conceptual and methodological lessons that can be applied to studies in other contexts. The book is a valuable contribution to the emerging scientific evaluation of trade and the environment. It will be of interest to economists and policy analysts working in this area.' -- James Shortle, Pennsylvania State University, USTable of ContentsContents: Preface 1. Introduction Joseph Cooper 2. The Environmental By-Products of Agriculture: International Policy Responses Joseph Cooper, Jason Bernstein, Uptal Vasavada amd Jean-Christophe Bureau PART I: ENVIRONMENTAL IMPACTS OF TRADE LIBERALIZATION 3. Some Domestic Environmental Effects of US Agricultural Adjustments under Liberalized Trade: A Preliminary Analysis Joseph Cooper, Robert Johansson and Mark Peters 4. Global Environmental Effects of Agricultural Adjustments under Liberalized Trade John Sullivan and Kevin Ingram PART II: TRADE IMPACTS OF AGRI-ENVIRONMENTAL PROGRAMS 5. Domestic Agri-Environmental Policies in a Trade Perspective Mark Peters and Mark Smith 6. Effects of Agri-Environmental Payment Policies on Agricultural Trade Joseph Cooper, Mark Peters and Roger Claasen PART III: IMPLICATIONS FOR RESEARCH AND POLICY 7. Multilateral Environmental Agreements and Trade Joseph Cooper and Jonathan Kaplan 8. Further Considerations Joseph Cooper References Index

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Book SynopsisAgricultural Policy Reform and the WTO provides insights into the effects of the Uruguay Round WTO agreement on agricultural policy and global markets, and considers what is at stake in the Doha Development Agenda Round. The contributors to the book deal with a broad range of topics, including the evolution of domestic and trade policies in the last ten years across developed and developing countries and proposals made in the agricultural negotiation regarding market access, export subsidies and domestic support; new issues emergent in agricultural trade negotiations are also explored, including: interaction between national regulatory systems and the deepening integration of the international trade regime intellectual property rights protection food safety• quality regulations antidumping trade protection. Finally, the future of international trade relations is discussed, in particular the implications of enforcing domestic regulations to comply with international rules.This rich collection of research and analysis will be invaluable to researchers, academics and policymakers with an interest in agricultural policy analysis and international economics.Trade Review‘Agricultural Policy Reform and the WTO provides in-depth information and analyses and covers many relevant and timely topics related to agricultural policies, trade and developing countries. The volume contains useful lessons learnt from the post Uruguay period and answers its self-imposed question by pointing at unfinished business and future challenges. It is definitely a useful resource and should not only stimulate discussion among practitioners and scientists, but also encourage innovative research and political action.' -- Clemens Breisinger, Quarterly Journal of International Agriculture'The volume contains contributions from many of the world's leading agricultural policy researchers. As a result, it maintains a generally high academic standard despite being undeniably policy focused.' -- Emma Aisbett, Journal of Economic Literature'This is an important volume, containing contributions by an outstanding group of authors on some of the central issues of the Doha agenda negotiations. Distinguishing features of the volume include its comprehensive coverage of the issues, and the way the authors explain them in comprehensible terms, covering both the historical context and the debates currently raging in the WTO.' -- Will Martin, The World Bank, USTable of ContentsContents: Preface Agricultural Policy Reform: Past Present and Future Part I: Agriculture and Agricultural Policy Changes Ten Years After the Uruguay Round Part II: The Three Pillars of the WTO Negotiations on Agriculture Part III: Agricultural Trade Relations, WTO Negotiations on Agriculture and the Developing World Part IV: The WTO and the Future of International Trade Relations Index

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Book SynopsisGlobal Regionalization examines the astonishing political and economic changes that have completely reshaped the political geography of certain regions during the past fifteen years. It deals with the concept of global bloc formation, examining the impacts that changing political-economic conditions and relationships in and between nations have on demographic and economic flows. The contributors examine areas including; the Central European states which previously belonged to the Soviet block and now form part of an extended Europe; the growing affinities amongst Muslims worldwide but most especially in the Middle East, North Africa and the former South Central Soviet region. The book argues that as former adversaries in Central Asia are beginning to find ways of forging new ties, India may eventually emerge as a core state in the new emerging region. At the same time China is increasingly gaining momentum amidst other fast growing economies in the Pacific Rim, gradually moving the point of gravity in the region westwards. The book will be of interest to economists, geographers, planners and regional scientists because it explains the latest trends in global and regional industrial development. It will also appeal to sociologists and political scientists as it examines why global and regional core peripheral differentials keep on widening.Table of ContentsContents: Preface PART I: TRENDS IN GLOBALIZATION 1. Introduction: The Changing Global Economic Landscape H.S. Geyer PART II: GLOBAL CORE REGIONS 2. North America: A Region of Core Peripheral Extremes H.W. Richardson, L.S. Bourne, P. Gordon, C.J. Henrie, D. Plane, J. Simmons and B. Lee 3. Extended Europe: Patterns of Agglomeration, Migration and Economic Performance Differentials E. Heikkilä, P. Nijkamp, I. Traistaru and S. Yousfi 4. The Extended Pacific Rim: An Awakening Giant C.-H.C. Bae and K.M. Chan PART III: THE GLOBAL PERIPHERY 5. Middle East and North Africa: Intraregional Fragmentation and Clustering B.A. Portnov, R. Shechter and Y. Gradus 6. Sub-Saharan Africa: A Region Economically Delayed H.S. Geyer and I.J. van der Merwe 7. Latin America: A Region of Shared Loyalties and Persistent Dependencies A.G. Aguilar and B. Graizbord 8. Central Asia: India, the Centre of an Emerging Region? O.P. Mathur and D. Mookherjee Index

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Book SynopsisIn this, his final book, Gavin Boyd has brought together a distinguished group of experts on the nature and extent of transatlantic policy coordination and its implication for corporate strategy. This remarkably relevant set of papers offers a discussion on the economic and financial linkage between Europe and North America, as well as the trade and investment rules governing this interaction.The complexities of the transatlantic relationship are analyzed in chapters dealing with: financial integration, transfer of knowledge and technology, transatlantic trade and corporate partnership, transatlantic trade and investment links, simultaneous intra-regional as well as transatlantic trade and the implications for antitrust policy of the activities of multinational enterprises, structural positioning and macroeconomic policy coordination, international interdependence and the role of entrepreneurship, and the reform of international financial markets.Exploring growing transatlantic trade and investment linkages within their institutional contexts, this timely book will be invaluable to academics and researchers with an interest in international business and international economics. Practicing trade lawyers and policymakers will also find the book to be a fascinating read.Table of ContentsContents: Foreword Preface 1. The Role of Financial Markets in Economic Performance: The EU and the USA 2. Atlantic Interdependent Knowledge-Based Economies 3. Atlantic Commerce 4. Structural Potentials in Atlantic Trade: Measuring the Impact of a US–Europe Free Trade Agreement 5. The Regional Dimension of Multinational Enterprises and Antitrust Policy 6. Interregional Integration: Collective Management Tasks 7. Concerting Entrepreneurship: An International Public Good 8. Institutionalizing Atlantic Structural Partnering 9. The Development and Structure of Financial Markets in the European–American Economy Index

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Book SynopsisCapital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.Trade Review'This book makes an important contribution to our understanding of capital flight from developing countries and deserves shelf space in every serious library.' -- John Christensen, Tax Justice Focus'One of the most significant developments in the global economy over the past 25 years has been the growth of international capital movements following the financial deregulation of the 1980s. Some argued that the removal of capital controls would lead to only a one-off adjustment. That has proved false. In addition to the continued high level of recorded short-term financial flows, this book documents the large scale unrecorded capital flights that have hit a number of developing countries. This book represents the most thorough and significant analysis and documentation of this important economic phenomenon.' -- Jonathan Michie, Birmingham Business School, UKTable of ContentsContents: Preface PART I: SETTING THE STAGE 1. Introduction Gerald Epstein 2. Capital Account Liberalization, Growth and the Labor Share of Income: Reviewing and Extending the Cross-Country Evidence Kang-kook Lee and Arjun Jayadev 3. Capital Flight: Meanings and Measures Edsel L. Beja, Jr. PART II: CAPITAL FLIGHT: CASE STUDIES 4. Capital Flight from South Africa, 1980–2000 Seeraj Mohammed and Kade Finnoff 5. The Determinants of Capital Flight in Turkey, 1971–2000 Anil Duman, Hakki C. Erkin and Fatma Gül Unal 6. Capital Flight from Thailand, 1980–2000 Edsel L. Beja, Jr., Pokpong Junvith and Jared Ragusett 7. A Class Analysis of Capital Flight from Chile, 1971–2001 Burak Bener and Mathieu Dufour 8. Capital Flight from Brazil, 1981–2000 Deger Eryar 9. A Development Comparative Approach to Capital Flight: The Case of the Middle East and North Africa, 1970–2002 Abdullah Almounsor 10. Capital Flight from China, 1982–2001 Andong Zhu, Chunxiang Li and Gerald Epstein PART III: POLICY ISSUES 11. Regulating Capital Flight Eric Helleiner 12. Capital Management Techniques in Developing Countries Gerald Epstein, Ilene Grabel and Sundaram Kwame Jomo 13. Africa’s Debt: Who Owes Whom? James K. Boyce and Léonce Ndikumana Index

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Book SynopsisThe Handbook on International Trade Policy is an insightful and comprehensive reference tool focusing on trade policy issues in the era of globalization. Each specially commissioned chapter deals with important international trade issues, discusses the current literature on the subject, and explores major controversies. The Handbook also directs the interested reader to further sources of information.The expert contributors cover both traditional and more current concerns including: history of thought on trade policy the development of multilateral organizations such as the World Trade Organization border restrictions and subsidies regional trade agreements trade and the environment animal, plant and food safety measures international protection of intellectual property and sanctions. Presenting a broad and state-of-the-art perspective on the topic, this highly accessible Handbook will prove an invaluable resource to researchers, academics, policymakers and practitioners concerned with international trade policy.Trade Review'This book obtains its broad expertise by pulling together expertise from a wide range of experts in the way that each chapter is written by authors specialized in the topic addressed. . . This Handbook on international trade policy is a good summary of theories, policy instruments and their effects and is written in an understandable manner. Most parts are suited for students and those who want to start understanding international trade policy. It is also useful for researchers, policy-makers and practitioners looking for quick guidance on different topics in international trade policy. The clear structure of the book organized by topics allows for a quick and easy reference.' -- Martin Grass, Quarterly Journal of International AgricultureTable of ContentsContents: Preface 1. Introduction to Trade Policy William A. Kerr PART I: EVOLUTION AND ECONOMIC CONTEXT 2. Theory and Practice in the Conduct of Trade Policy Sidney Weintraub 3. History of Economic Thought on Trade Policy Andrea Maneschi 4. Modern History of Trade Policy William M. Miner 5. Modeling Approaches to the Analysis of Trade Policy: Computable General Equilibrium and Gravity Models Olena Ivus and Aaron Strong PART II: TRADE AGREEMENTS 6. Why Are There Trade Agreements? James Gaisford and Annette Hester 7. Overview of Trade Agreements: The Multilateral System Tim Josling 8. Overview of Trade Agreements: Regional Trade Agreements Nicholas Perdikis 9. The Breadth of Integration Arising from Trade Agreements Peter W.B. Phillips 10. Trade Agreements: Depth of Integration Nicholas Perdikis 11. Trade Creation and Trade Diversion: Analyzing the Impact of Regional Trade Agreements Lindsay Kendall and James Gaisford 12. Rules of Origin and Tariff Circumvention Sarah Lang and James Gaisford 13. Economies of Scale, Imperfect Competition and Market Size Michael Benarroch 14. Trade in Services Eugene Beaulieu 15. Trade-related Intellectual Property Rights, Trade Flows and National Welfare Olena Ivus PART III: TRADE POLICY INSTRUMENTS 16. Trade Distortion: Border Measures versus Domestic Support James Gaisford 17. Tariffs: National Welfare and Distributional Issues Jean-Philippe Gervais and Bruno Larue 18. Trade and Domestic Policy: Conduct and Modeling John Whalley 19. Tariffication: Theoretical Justification and Problems of Implementation Laura J. Loppacher and William A. Kerr 20. Tariff Spikes and Tariff Escalation André M. Nassar, Zuleika Arashiro and Marcos S. Jank 21. Export Taxes: How They Work and Why They Are Used Ryan Scholefield and James Gaisford 22. Import Quotas and Voluntary Export Restraints Stefan Lutz 23. Tariff Rate Quotas David Skully 24. Quota Administration David Skully 25. Capitalization of Trade Policy Benefits William A. Kerr 26. Direct and Indirect Export Subsidies James Rude 27. Production Subsidies Karl D. Meilke and John Cranfield 28. Strategic Export Subsidies Stefan Lutz 29. Government Procurement Linda M. Young 30. State Trading Agencies Bruno Larue and Jean-Philippe Gervais 31. Administrative Measures: Restraining Bureaucracy from Inhibiting Trade William A. Kerr PART IV: CONTINGENCY AND SAFEGUARD MEASURES 32: Antidumping: Theory and Practice, Rationales and Calculation Methods Carol Chui-Ha Lau 33. Unfair Subsidies and Countervailing Duties Katherine Baylis 34. Administrative Procedures, the Distribution of Costs and Benefits, and Incentives in Anti-dumping Cases Richard Barichello 35. Safeguard Measures and Impediments to Labour Mobility Lawrence Leger and James Gaisford PART V: COORDINATING TRADE POLICY WITH DOMESTIC POLICY 36. Sanitary and Phytosanitary Issues Grant E. Isaac 37. Technical Barriers to Trade Jill E. Hobbs 38. Ethical Issues in Trade Grant E. Isaac 39. Trade and the Environment: What Do We Know? Brian R. Copeland 40. Trade Agreements and Multilateral Environmental Agreements Ken Belcher PART VI: TRADE POLICY AND DEVELOPMENT 41. Import Substitution Industrialization James B. Gerber 42. Export Promotion Policies James B. Gerber 43. The Generalized System of Preferences and Special and Differential Treatment for Developing Countries in the GATT and WTO Robert Read 44. International Commodity Agreements Christopher L. Gilbert 45. International Trade and Wages Eugene Beaulieu PART VII: TRADE POLICY: ENFORCEMENT AND COERCION 46. Dispute Settlement, Compensation and Retaliation under the WTO Robert Read 47. Economic Sanctions for Foreign Policy Purposes: A Survey of the Twentieth Century Gary Hufbauer and Barbara Oegg 48. Trade Related Aspects of Intellectual Property: Enforcement Issues William A. Kerr Index

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Book SynopsisThe Economic Potential of a Larger Europe gives insights into past, present and future issues related to the ongoing EU enlargement process. Providing a unique forum for debate and a multiplicity of views and experiences from both high-profile academics and those who engage with enlargement on an implementation level, this book covers a wide range of topics that are key to a successful transition and integration process and thus to the provision of a prosperous growth environment within a larger Europe. Special attention is paid to monetary integration, notably entry into ERM II, on which representatives of the national central banks involved present their views.Given the non-technical language of most contributions, this publication targets a broad audience generally interested in the future of the EU, in the design of the enlargement process, and in the challenges of reform on the road to a stronger Europe.This is a book that can be recommended for economists as well as experts in the fields of European integration, Central and Eastern Europe, and EU enlargement from governments, international organizations, central, commercial and investment banks, and universities and research institutes.Trade Review'This book is a valuable and comprehensive account of the broad range of economic issues that the widening and deepening European Union is confronted with at the current stage and in the next years to come. It is a most useful and timely reference for a broad readership.' -- Tommaso Padoa-Schioppa, European Central BankTable of ContentsContents: Preface Executive Summary EU Enlargement in 2004 – A Time to Revisit Transition Challenges Part I: Reconciling Policies for Europe Part II: Key Issues for Capacity Building Part III: Human Capital and Capacity Building – Experiences and Lessons for the Future Part IV: The Role of FDI and Trade Integration in the Catching-up Process Part V: The Road to Monetary Union Part VI: Corporate Governance, Financial Markets and the Optimal Role of the State Part VII: Stabilization of Expectations – Macroeconomic and Structural Policies in an Enlarged Euro Area Part VIII: Economic and Monetary Union – A Leading Indicator for Political Union? Index

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Book SynopsisThis is the first comprehensive informational database of the major political, economic and legal issues that organisations world-wide need to know about in order to do business in Russia and surrounding countries. The text summarises the major economic developments in this dynamic region, provides accurate and up to date sources on business legislation, and gives crucial practical advice to business people and foreign investors. Using local as well as international sources, each country text provides detailed information on: Best business opportunities and sectors; Legal issues relevant to trade and business activities, including franchising; Information on investment laws, the judiciary, labor law, taxation, IPR laws, currency and banking, and business partnership opportunities; Contact details of government offices, business associations, calendars of business events, etc. While the Energy sector holds a global significance and tops the international business communities' investment priorities, especially in Russia and Kazakhstan, economic dynamism has been demonstrated over the last decade in all these countries, and there are substantial business opportunities in all economic sectors. Written by an Economics Analyst with a proven track record in providing business information, and a Corporate Lawyer with extensive experience of engaging at contractual level with business and government organisations in these countries, this book is essential reading for all those involved in Legal, Business, Investment and Political decision-making.Table of ContentsInvesting in Russia; Investing in Ukraine; investing in Latvia; Investing in Lithuania; Investing in Kazakhstan; Index.

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Book SynopsisChina is an emerging superpower with growing economic and political interests worldwide that need to be preserved and enhanced. As China becomes economically powerful, it has also become more ambitious and assertive. Its foreign policy strategy is aimed at protecting the country from external threats as it pursues its geopolitical interests, allowing China to continue with economic reforms as well as the acquisition of comprehensive national power. China initially shied away from playing an active role in international affairs commensurate with its economic weight. This was primarily because the political leadership made a strategic choice to concentrate on economic development at home without attempting a more interventionist global role lest it distract from the number one priority of economic development. But the last few years have seen China shun this reticence like a traditional great power and signal that it is no longer willing to watch international events unfold from the sidelines, thereby promoting its new status as a global player of significance. It is this evolving global profile of China that is the focus of this book as Harsh V Pant examines the growing role of China in various parts of the world -- Asia-Pacific, South Asia, Africa, Middle East, Indian Ocean and Europe -- and the tough diplomatic choices that it is having to make as it goes about asserting its interests.Table of ContentsPreface; Introduction by Moshe Ma'oz; Modern Myths of Muslim Anti-Semitism; The Image of the Jew/Zionist/Israeli in the Arab World; The Breakdown of Arab-Israeli Peace: Research from Remote, Reciprocal Stereotypes & Anti-Normalization - The Case of Jordan; Islam & the Question of Peace with Israel: Jad al-Haqqs Fatwa Permitting Egypts 1979 Peace Treaty with Israel; Saudi Arabia & Israel: The Essence of Strategic Pragmatism; Myth, History & Realpolitik: Morocco & its Jewish Community; Babylon versus Zion: Changing Iraqi Perceptions of Israel; Azerbaijani Public Perceptions of Jews & the Israeli-Palestinian Conflict; Turkish Policy towards the Israeli-Palestinian Conflict; Dancing in the Dark: Pulling the Veil off Israeli-Pakistan Relations; Indian Muslims & the Three Js: Jews, Jerusalem & the Jewish State; Indonesian Muslims Perceptions of Jews & Israel; African Islam: Its Attitudes towards Israel & Judaism; "The Triangle": Europeans, Muslims, Jews; An Examination of Current Attitudes of Muslim Americans Toward Jews, Israel & Jerusalem; Index.

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Book SynopsisThis book investigates the presence of Chinese and Indian companies in Europe and the impact that the current global financial crisis has had on their corporate behaviour and strategies. Have investments been cancelled or postponed? Has the crisis created new opportunities for investment? Is the behaviour of Chinese and Indian firms to these new circumstances similar? In addressing these challenging questions the authors used a proprietary data base encompassing over 1,500 investments (greenfield operations, mergers-and-acquisitions, joint ventures, horizontal/vertical extensions) made throughout Europe by companies from China (Mainland and Hong Kong) and India since the 1990s. Comparisons were made according to several criteria (eg: spatial patterns, modes of entry, sector and function distribution) -- to pinpoint differences and likenesses. In addition, face-to-face interviews were conducted in order to elaborate congruent case studies in traditional sectors (textile/clothing), or in new sectors (software for Chinese companies). The crisis had an impact on both investors in the following terms: lower amounts of investment, more merger-and-acquisition deals in absolute and relative terms, more focus on the largest economies (particularly the UK), and a targeting of specific assets such as critical technologies, international management capability, renowned brands and sale networks. In conclusion, in the years following the global financial crisis Indian investments in Europe have been more significantly affected than Chinese investments due, to a large extent, to the support of the Chinese state.

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Book SynopsisChina is an emerging superpower with growing economic and political interests worldwide that need to be preserved and enhanced. As China becomes economically powerful, it has also become more ambitious and assertive. Its foreign policy strategy is aimed at protecting the country from external threats as it pursues its geopolitical interests, allowing China to continue with economic reforms as well as the acquisition of comprehensive national power. China initially shied away from playing an active role in international affairs commensurate with its economic weight. This was primarily because the political leadership made a strategic choice to concentrate on economic development at home without attempting a more interventionist global role lest it distract from the number one priority of economic development. But the last few years have seen China shun this reticence like a traditional great power and signal that it is no longer willing to watch international events unfold from the sidelines, thereby promoting its new status as a global player of significance. It is this evolving global profile of China that is the focus of this book as Harsh V Pant examines the growing role of China in various parts of the world -- Asia-Pacific, South Asia, Africa, Middle East, Indian Ocean and Europe -- and the tough diplomatic choices that it is having to make as it goes about asserting its interests.Table of ContentsPreface; Introduction by Moshe Ma'oz; Modern Myths of Muslim Anti-Semitism; The Image of the Jew/Zionist/Israeli in the Arab World; The Breakdown of Arab-Israeli Peace: Research from Remote, Reciprocal Stereotypes & Anti-Normalization - The Case of Jordan; Islam & the Question of Peace with Israel: Jad al-Haqqs Fatwa Permitting Egypts 1979 Peace Treaty with Israel; Saudi Arabia & Israel: The Essence of Strategic Pragmatism; Myth, History & Realpolitik: Morocco & its Jewish Community; Babylon versus Zion: Changing Iraqi Perceptions of Israel; Azerbaijani Public Perceptions of Jews & the Israeli-Palestinian Conflict; Turkish Policy towards the Israeli-Palestinian Conflict; Dancing in the Dark: Pulling the Veil off Israeli-Pakistan Relations; Indian Muslims & the Three Js: Jews, Jerusalem & the Jewish State; Indonesian Muslims Perceptions of Jews & Israel; African Islam: Its Attitudes towards Israel & Judaism; "The Triangle": Europeans, Muslims, Jews; An Examination of Current Attitudes of Muslim Americans Toward Jews, Israel & Jerusalem; Index.

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Book SynopsisEast Asian countries - currently the most dynamic region of the global economy - have recently pursued trade liberalization through the adoption of various forms of bilateral and plurilateral Free Trade Agreements (FTAs). The book explores the key issues and possible outcomes arising from this departure from the region's traditional multilateral approach to trade liberalization. Implications of this new approach for the region as a whole, and key participating individual economies and blocs of economies, are emphasized.New East Asian Regionalism includes up-to-date analysis of the most recent developments in FTAs between countries in East Asia, as well as those involving countries from outside the region. Furthermore, the book includes invaluable projections on economic and welfare outcomes of regional trade agreements, using the very latest empirical techniques, and data. The book also considers the implications arising from closer financial integration in the region.This book will be warmly welcomed by scholars of regional science, international economics and business, as well as Asian studies. Policymakers at both the national government and international organization level will also find this book of great interest.Trade Review'The authors in this book discuss the recent upsurge of regional economic integration in the East Asian region, covering basic background, the structural characteristics of the integration, country-specific perspectives, and monetary cooperation. The virtue of the book lies not only in dealing with the Asian regionalism in a comprehensive way but also in providing many insightful analyses of its impacts on global supply, production, and distribution networks. Moreover, it analyzes monetary integration, and suggests some policy implications of the common currency basket as a means to provide stable regional integration.' -- Young-Han Kim, Journal of Regional ScienceTable of ContentsContents: Part I: Introduction 1. Introduction Charles Harvie, Fukunari Kimura and Hyun-Hoon Lee Part II: Background and Context 2. East Asia and the Evolution of Preferential Trading Arrangements in the Asia-Pacific Region: A Stock-take Robert Scollay 3. Global Supply Networks and Multilateral Trade Linkages: A Structural Analysis of East Asia David Roland-Holst Part III: Issues in Trade and Investment Cooperation in East Asia 4. International Production/Distribution Networks and FTAs Fukunari Kimura and Mitsuyo Ando 5. Regional Trade Agreements and their Effect on Non Member Exports and Production Ryuhei Wakasugi and Kazuhiko Itoh 6. Trade Integration in ASEAN: An Application of the Panel Gravity Model Seyed Komail Tayyebi 7. Key Factors in Foreign Direct Investment Utilization in ASEAN+3 Yanyun Zhao and Zhao Lei Part IV: Country Perspectives on Asian Regionalism 8. The ASEAN Perspective on East Asian-wide Regionalism Suthiphand Chirathivat 9. Korea’s Perspectives on East Asian Regionalism Chan-Hyun Sohn and Hyun-Hoon Lee 10. Some Perspectives on China’s Role in the East Asian Economies Tang Zongming and Tran Van Hoa 11. ASEAN+3 and RTAs and their Impact on Asia–Australia Trade and Growth: Econometric Evidence from an Extended Gravity Theory Tran Van Hoa Part V: Monetary Cooperation in East Asia 12. Regional Economic and Monetary Integration – A Modelling and Policy Analysis Charles Harvie 13. Creating a Common Currency Basket for East Asia: Prospects and Key Issues Eiji Ogawa and Kentaru Kawasaki Index

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Book SynopsisThis fascinating book, a dialogue by leading economists, offers an extensive review of the impact of the introduction of the euro on the international monetary system. The authors dissect the impact of the euro on living standards in developed and developing countries, the growth of the Euro zone, the role of the International Monetary Fund, and the function of gold in the international monetary system. Also discussed is the design of a new international financial architecture and its impact on the wealth of nations. The critique is frank, entertaining, and sometimes conflicting, empowering the reader to draw his or her own conclusions. Offering a comprehensive review, this book will have great appeal for economists, especially those working on international monetary policy and theory. Students will also find this book of value.Table of ContentsContents: Foreword by Robert H. Evans 1. Introduction by Robert A. Mundell and Paul J. Zak 2. Issues Facing the Global Economy 3. Internal Aspects of the Euro 4. International Aspects of the Euro 5. Lionel Robbins Lecture 6. The Future of the EMU, the Euro, and International Finance 7. The Role of Gold in the International Monetary System 8. Fundamental Reform of the International Monetary System: Necessity, Timing and Future Directions 10. Randall Hinshaw Memorial Lecture: Choosing Exchange Rate Regimes. Lessons from Europe and Asia Index

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Book SynopsisGlobal Supply Chain Management brings together in two authoritative volumes the best and most interesting academic work on global supply chain management from international business and international management, marketing, strategic management, operations management, purchasing and supply management, and economics.It includes the various theories, levels of analysis, concepts, and empirical trends that have come to shape our understanding of this recently emerged area of research. The questions it answers include 'In what way do buyer-supplier relations differ across countries', 'What are the consequences of offshore sourcing for firms, industries, and countries', 'How should firms manage cultural differences between themselves and their suppliers', and 'How can firms use global SCM to improve their performance'.This book will be an invaluable resource to any academic researcher or student with an interest in global SCM, but is also accessible enough and useful for practitioners who deal with this topic at a strategic or tactical level.Trade Review'The global supply chain has become a vital part of a firm's value chain, especially with the increase of internal outsourcing in recent years. This volume explores the many dimensions of managing the global supply chains common in multinational firms today. It makes important contributions to the scholarly literature as well as to practice in this critical area of business. This volume is a must read for aspiring and established scholars and thoughtful executives.' -- Michael A. Hitt, Texas A&M University, College Station, US'Global Supply Chain Management presents innovative strategies and best practices for improving global supply chain performance. It offers excellent opportunity to understand and develop strategy for global supply chain integration across company and supply base. A highly relevant and insightful book.' -- Subhash Jain, University of Connecticut, USTable of ContentsContents: Volume I Acknowledgements Introduction Masaaki Kotabe and Michael J. Mol PART I GOING GLOBAL 1. Richard W. Moxon (1975), ‘The Motivation for Investment in Offshore Plants: The Case of the U.S. Electronics Industry’ 2. Sanjaya Lall (1978), ‘The Pattern of Intra-firm Exports by U.S. Multinationals’ 3. Masaaki Kotabe and Glenn S. Omura (1989), ‘Sourcing Strategies of European and Japanese Multinationals: A Comparison’ 4. David Levy and John H. Dunning (1993), ‘International Production and Sourcing: Trends and Issues’ 5. John McLaren (2000), ‘“Globalization” and Vertical Structure’ 6. Hong Y. Park (2000), ‘Foreign Direct Investment and Global Sourcing Choices of Firms in the US’ 7. Subramanian Rangan (2000), ‘Search and Deliberation in International Exchange: Microfoundations to Some Macro Patterns’ 8. Gene M. Grossman and Elhanan Helpman (2002), ‘Outsourcing in a Global Economy’ 9. Omar N. Toulan (2002), ‘The Impact of Market Liberalization on Vertical Scope: The Case of Argentina’ 10. Jörn Kleinert (2003), ‘Growing Trade in Intermediate Goods: Outsourcing, Global Sourcing, or Increasing Importance of MNE Networks?’ PART II NO PLACE LIKE HOME? 11. Marvin Berkowitz and Krishna Mohan (1987), ‘The Role of Global Procurement in the Value Chain of Japanese Steel’ 12. Martin Kenney and Richard Florida (1995), ‘The Transfer of Japanese Management Styles in Two US Transplant Industries: Autos and Electronics’ 13. Robert C. Feenstra (1998), ‘Integration of Trade and Disintegration of Production in the Global Economy’ 14. Peter Gibbon (2002), ‘At the Cutting Edge? Financialisation and UK Clothing Retailers’ Global Sourcing Patterns and Practices’ PART III HOW TO SOURCE GLOBALLY 15. Nathaniel H. Leff (1974), ‘International Sourcing Strategy’ 16. Peter J. Buckley and R.D. Pearce (1979), ‘Overseas Production and Exporting by the World’s Largest Enterprises: A Study in Sourcing Policy’ 17. William H. Davidson (1982), ‘Sourcing Strategy’ 18. Mark Casson (1985), ‘Multinationals and Intermediate Product Trade’ 19. S. Tamer Cavusgil, Attila Yaprak and Poh-Lin Yeoh (1993), ‘A Decision-making Framework for Global Sourcing’ 20. Paul M. Swamidass and Masaaki Kotabe (1993), ‘Component Sourcing Strategies of Multinationals: An Empirical Study of European and Japanese Multinationals’ 21. Robert B. Handfield (1994), ‘US Global Sourcing: Patterns of Development’ 22. Masaaki Kotabe and K. Scott Swan (1994), ‘Offshore Sourcing: Reaction, Maturation, and Consolidation of U.S. Multinationals’ 23. Cecil Bozarth, Robert Handfield and Ajay Das (1998), ‘Stages of Global Sourcing Strategy Evolution: An Exploratory Study’ 24. Leonidas C. Leonidou (1999), ‘Barriers to International Purchasing: The Relevance of Firm Characteristics’ 25. Walter W.C. Chung, Anthony Y.K. Yam and Michael F.S. Chan (2004), ‘Networked Enterprise: A New Business Model for Global Sourcing’ 26. Michael J. Mol, Pieter Pauwels, Paul Matthyssens and Lieven Quintens (2004), ‘A Technological Contingency Perspective on the Depth and Scope of International Outsourcing’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I COSTS AND BENEFITS 1. U. Arnold (1989), ‘Global Sourcing – An Indispensable Element in Worldwide Competition’ 2. Jerome Witt and C.P. Rao (1992), ‘The Impact of Global Sourcing on Consumers: Country-of-Origin Effects on Perceived Risk’ 3. David L. Levy (1995), ‘International Sourcing and Supply Chain Stability’ 4. Janet Y. Murray, Masaaki Kotabe and Albert R. Wildt (1995), ‘Strategic and Financial Performance Implications of Global Sourcing Strategy: A Contingency Analysis’ 5. Janet Y. Murray and Masaaki Kotabe (1999), ‘Sourcing Strategies of U.S. Service Companies: A Modified Transaction-cost Analysis’ 6. Jinsook Cho and Jikyeong Kang (2001), ‘Benefits and Challenges of Global Sourcing: Perceptions of US Apparel Retail Firms’ 7. A. Coskun Samli and John M. Browning (2003), ‘Developing Competitive Advantage: International Sourcing As a Strategic Tool’ 8. Amy Z. Zeng and Christian Rossetti (2003), ‘Developing a Framework for Evaluating the Logistics Costs in Global Sourcing Processes. An Implementation and Insights’ PART II SYSTEMS OF SUPPLIER RELATIONS 9. Christel Lane and Reinhard Bachmann (1996), ‘The Social Constitution of Trust: Supplier Relations in Britain and Germany’ 10. Jeffrey K. Liker, Rajan R. Kamath, S. Nazli Wasti and Mitsuo Nagamachi (1996), ‘Supplier Involvement in Automotive Component Design: Are There Really Large US Japan Differences?’ 11. Mari Sako and Susan Helper (1998), ‘Determinants of Trust in Supplier Relations: Evidence from the Automotive Industry in Japan and the United States’ 12. Sven A. Haugland (1998), ‘The Cultural Dimension of International Buyer-Seller Relationships’ 13. Poul Houman Andersen (1999), ‘Organizing International Technological Collaboration in Subcontractor Relationships: An Investigation of the Knowledge-Stickiness Problem’ 14. Craig R. Carter (2000), ‘Ethical Issues in International Buyer-Supplier Relationships: A Dyadic Examination’ 15. Jeffrey H. Dyer and Wujin Chu (2000), ‘The Determinants of Trust in Supplier-Automaker Relationships in the U.S., Japan, and Korea’ PART III THE BEST PERFORMERS 16. James Richardson (1993), ‘Parallel Sourcing and Supplier Performance in the Japanese Automobile Industry’ 17. Masaaki Kotabe (1998), ‘Efficiency vs. Effectiveness Orientation of Global Sourcing Strategy: A Comparison of U.S. and Japanese Multinational Companies’ 18. Otto Andersen and Arnt Buvik (2001), ‘Inter-firm Co-ordination: International Versus Domestic Buyer-Seller Relationships’ 19. Janet Y. Murray (2001), ‘Strategic Alliance-Based Global Sourcing Strategy for Competitive Advantage: A Conceptual Framework and Research Propositions’ 20. Masaaki Kotabe, Xavier Martin and Hiroshi Domoto (2003), ‘Gaining from Vertical Partnerships: Knowledge Transfer, Relationship Duration, and Supplier Performance Improvement in the U.S. and Japanese Automotive Industries’ Name Index

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Book SynopsisRecurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions - sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price bubbles - are linked, in this book, to the shortcomings of the global financial system which tends to generate cycles of boom and bust in credit flows. These cycles are set in motion by the monetary impulses of major industrial countries and are amplified and propagated through the operation of global financial markets. Fabrizio Saccomanni argues that to counter such systemic instability requires that national authorities give adequate weight to financial stability objectives when formulating their monetary and regulatory policies. He maintains that appropriate multilateral strategies to deal with unsustainable trends in credit aggregates and asset prices should be devised in the International Monetary Fund in the context of a strengthened framework to deal with global payments imbalances and exchange rate misalignments.Providing a comprehensive historical and analytical survey of the causes, consequences and possible cures of international financial instability, this book will be of great interest to students and academics of international economics and finance. It will also appeal to financial market participants and analysts, government officials and central bankers as a comprehensive survey of the relevant academic literature and of the state of the policy debate.Trade Review'This book is a masterpiece. It combines a clear historical analysis of issues and causes of past international instability with a contemporary discussion of how to avoid future occurrences. It is a very informative book that caters to the need of the savvy and the uninformed. It reviews in a rigorous manner the core obstacles to achieving a durable global financial stability. The presentation is clear, simple and well organised. . . Saccomanni demonstrated a great understanding of monetary and financial matters. The book could not have been better timed given the deepening recession caused by the global financial meltdown. I am very delighted to recommend it.' -- Chika B. Onwuekwe, Journal of International Banking Law and Regulation'. . . the timing of this publication could not have been better, Fabrizio Saccomanni provides the reader with a well-written analytical and historical survey of the causes and consequences of international financial crisis and possible solutions. . . the book is enjoyable, compendious and concise. . . the book is worth reading by anyone who is interested in understanding the global financial system and is looking for a critical appraisal of its performance. In particular, students and academics of international economics can get a good overview on the issue of international financial stability, since the book bridges the gap between theoretical models and practical policy implications. . . Saccomanni's book is a well-written and valuable contribution to the debate - as already said before - the timing of its publication could hardly be better.' -- Ralf Fendel, Journal of Economics and StatisticsTable of ContentsContents: Foreword by Tommaso Padoa-Schioppa Preface Part I: The Tigers, the Tamers, the Circus 1. An Uneasy Relationship 2. Global Financial Players 3. Monetary and Financial Authorities 4. The Global Market for Foreign Exchange Part II: Global Finance between Crisis and Reform 5. The Crises of Global Finance 6. In Search of International Monetary and Financial Stability Part III: Challenging the Tigers 7. A Cage for the Dollar: The Plaza and Louvre Accords (1985–87) 8. The Seven-Year War of the French Franc (1991–98) 9. The Resistible Rise of the Yen (1995) 10. Double Play in Hong Kong (1998) 11. A Safety Net for the Euro (2000) 12. The Great Wall of the Chinese Renminbi (1994–2005) 13. How Did They Do It? Part IV: Epilogue 14. The Golden Mean Bibliography Index

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Book SynopsisThis authoritative edited volume offers, for the first time, a selection of critical perspectives on globalization. These critiques incorporate work from radical and feminist scholars opposing the new liberal ideology underlying globalization. It also sheds new light on the different types of costs and risks of globalization in terms of environment, health hazards, international terrorism and cultural homogenization.The book is intended for a wide audience and will be of interest to students and researchers in economics, politics, international relations, geography and development studies, as well as policy makers and activists in governmental and non-governmental organizations.Table of ContentsContents: Acknowledgements Introduction Marina Della Giusta, Uma S. Kambhampati and Robert Hunter Wade PART I SYSTEMIC CRITIQUES OF GLOBALIZATION A Critiques of the Neo-Liberal Ideology Underlying Globalization 1. Samir Amin (1997), ‘The Future of Global Polarization’ 2. Saskia Sassen (1996), ‘The State and the New Geography of Power’ 3. Branko Milanovic (2003), ‘The Two Faces of Globalization: Against Globalization as We Know It’ 4. Ha-Joon Chang and Ilene Grabel (2004), Introduction and Part I, Chapters 1-4, in Reclaiming Development: An Alternative Economic Policy Manual 5. Robert Hunter Wade (2004), ‘Is Globalization Reducing Poverty and Inequality?’ 6. Robert Hunter Wade (2004), ‘On the Causes of Increasing World Poverty and Inequality, or Why the Matthew Effect Prevails’ 7. Adrian Wood (1998), ‘Globalisation and the Rise in Labour Market Inequalities’ 8. Dani Rodrik (2005), ‘Feasible Globalizations’ 9. Dani Rodrik (2002), ‘Globalization for Whom? Time to Change the Rules – and Focus on Poor Workers’ 10. Nancy Birdsall (2002), ‘Asymmetric Globalization: Global Markets Require Good Global Politics’ 11. Jane D’Arista (2000), ‘Reforming International Financial Architecture’ B The Sustainability Critique 12. Susan George (2003), ‘Globalizing Rights?’ 13. Vandana Shiva (2000), ‘War against Nature and the People of the South’ 14. Simon Retallack (2001), ‘The Environmental Cost of Economic Globalization’ 15. Jerry Mander (2001), ‘Technologies of Globalization’ 16. Peter Newell (2002), ‘A World Environment Organisation: The Wrong Solution to the Wrong Problem’ 17. Nicholas G. Faraclas (2001), ‘Melanesia, the Banks, and the BINGOs: Real Alternatives are Everywhere (Except in the Consultants’ Briefcases)’ 18. Veronika Bennholdt-Thomsen (2001), ‘What Really Keeps Our Cities Alive, Money or Subsistence?’ C Gender and Globalization 19. Christine M. Koggel (2003), ‘Globalization and Women’s Paid Work: Expanding Freedom?’ 20. Richa Nagar, Victoria Lawson, Linda McDowell and Susan Hanson (2002), ‘Locating Globalization: Feminist (Re)readings of the Subjects and Spaces of Globalization’ 21. Ruth Pearson (2000), ‘Moving the Goalposts: Gender and Globalisation in the Twenty-first Century’ 22. Korkut Ertürk and William Darity, Jr. (2000), ‘Secular Changes in the Gender Composition of Employment and Growth Dynamics in the North and the South’ 23. Dong-Sook S. Gills (2002), ‘Globalization of Production and Women in Asia’ 24. Rhacel Salazar Parreñas (2001), ‘The International Division of Reproductive Labor’ 25. Naila Kabeer (2004), ‘Globalization, Labor Standards, and Women’s Rights: Dilemmas of Collective (In)action in an Interdependent World’ PART II RISKS AND THREATS ASSOCIATED WITH GLOBALIZATION 26. Richard Barnet and John Cavanagh (2001), ‘Electronic Money and the Casino Economy’ 27. David L. Heymann (2003), ‘The Evolving Infectious Disease Threat: Implications for National and Global Security’ 28. Takis Fotopoulos (2002), ‘The Global “War” of the Transnational Elite’ 29. Christopher W. Hughes (2002), ‘Reflections on Globalisation, Security and 9/11’ 30. Lael Brainard (2002), ‘A Turning Point for Globalisation? The Implications for the Global Economy of America’s Campaign against Terrorism’ 31. Arshin Adib-Moghaddam (2002), ‘Global Intifadah? September 11th and the Struggle within Islam’ 32. John Tomlinson (1999), ‘Globalised Culture: The Triumph of the West?’ 33. Desmond King and Amrita Narlikar (2003), ‘The New Risk Regulators? International Organisations and Globalisation’ Name Index

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Book SynopsisThe development of the modern global trading system has been extremely rapid - and not without controversy. The WTO (and its precursor, the GATT) have provided not only a set of multilateral rules and disciplines but also a forum for negotiation and a legal mechanism to settle trade-related disputes. This important two-volume collection includes key papers that provide a pertinent historical perspective as well as addressing the current and future issues that confront the trading system. The first volume focuses on the need for and genesis of multilateral trade rules and disciplines, and also examines the core non-discrimination rules. The second volume looks at reciprocity rules; the notification and surveillance of trade policy; the modalities for negotiating market access; and the difficulty in converting non-tariff trade measures into tariffs.Table of ContentsContents: Volume I Acknowledgements Introduction Kym Anderson and Bernard Hoekman PART I AN OVERVIEW 1. Bernard Hoekman (2002), ‘The WTO: Functions and Basic Principles’ PART II THE NEED FOR MULTILATERAL TRADE RULES AND DISCIPLINES 2. Jacob Viner (1924), ‘The Most-Favored-Nation Clause in American Commercial Treaties’ 3. James Meade ([1942] 1987), ‘A Proposal for an International Commercial Union’ 4. W. Max Corden (1987), ‘On Making Rules for the International Trading System’ 5. John A.C. Conybeare (1988), ‘Managing International Trade Conflicts: Explanations and Prescription’ 6. Charles P. Kindleberger (1989), ‘Commercial Policy between the Wars’ 7. Brian R. Copeland (1990), ‘Strategic Interaction among Nations: Negotiable and Non-Negotiable Trade Barriers’ 8. Douglas A. Irwin (1993), ‘Multilateral and Bilateral Trade Policies in the World Trading System: An Historical Perspective’ 9. Paul Krugman (1997), ‘What Should Trade Negotiators Negotiate About?’ 10. Robert W. Staiger and Guido Tabellini (1999), ‘Do GATT Rules Help Governments Make Domestic Commitments?’ 11. Kyle Bagwell and Robert W. Staiger (2002), ‘The Theory of Trade Agreements’ 12. Wilfred J. Ethier (2004), ‘Political Externalities, Nondiscrimination, and a Multilateral World’ 13. Joseph F. Francois and Will Martin (2004), ‘Commercial Policy Variability, Bindings, and Market Access’ PART III NONDISCRIMINATION 14. Harry G. Johnson (1965), ‘An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions’ 15. Frieder Roessler (1985), ‘The Scope, Limits and Function of the GATT Legal System’ 16. Andrew Caplin and Karla Krishna (1988), ‘Tariffs and the Most-Favored-Nation Clause: A Game Theoretic Approach’ 17. Rodney D. Ludema (1991), ‘International Trade Bargaining and the Most-Favored-Nation Clause’ 18. Richard H. Snape (1993), ‘History and Economics of GATT's Article XXIV’ 19. Warren F. Schwartz and Alan O. Sykes (1996), ‘Toward a Positive Theory of the Most Favored Nation Obligation and Its Exceptions in the WTO/GATT System’ 20. Aaditya Mattoo (2000), ‘MFN and the GATS’ 21. Henrik Horn and Petros C. Mavroidis (2001), ‘Economic and Legal Aspects of the Most-Favored-Nation Clause’ 22. Damien J. Neven (2001), ‘How Should “Protection” be Evaluated in Article III GATT Disputes?’ 23. Phillip McCalman (2002), ‘Multi-lateral Trade Negotiations and the Most Favored Nation Clause’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I RECIPROCITY 1. J.M. Finger (1974), ‘GATT Tariff Concessions and the Exports of Developing Countries – United States Concessions at the Dillon Round’ 2. J.M. Finger (1976), ‘Effects of the Kennedy Round Tariff Concessions on the Exports of Developing Countries’ 3. Jagdish N. Bhagwati and Douglas A. Irwin (1987), ‘The Return of the Reciprocitarians – US Trade Policy Today’ 4. Carolyn Rhodes (1989), ‘Reciprocity in Trade: The Utility of a Bargaining Strategy’ 5. Ayre L. Hillman and Peter Moser (1996), ‘Trade Liberalization as Politically Optimal Exchange of Market Access’ 6. Bernard M. Hoekman and Patrick A. Messerlin (2000), ‘Liberalizing Trade in Services: Reciprocal Negotiations and Regulatory Reform’ 7. J. Michael Finger and L. Alan Winters (2002), ‘Reciprocity in the WTO’ PART II POLICY TRANSPARENCY: NOTIFICATION AND SURVEILLANCE 8. J.M. Finger (1982), ‘Incorporating the Gains from Trade into Policy’ 9. Richard Blackhurst (1991), ‘Strengthening GATT Surveillance of Trade-Related Policies’ 10. Sam Laird (1999), ‘The WTO’s Trade Policy Review Mechanism – From Through the Looking Glass’ 11. Joseph F. Francois (2001), ‘Maximising the Benefits of the Trade Policy Review Mechanism for Developing Countries’ PART III MODALITIES FOR NEGOTIATING MARKET ACCESS 12. Robert M. Stern (1976), ‘Evaluating Alternative Formulae for Reducing Industrial Tariffs’ 13. Robert E. Baldwin (1986), ‘Toward More Efficient Procedures for Multilateral Trade Negotiations’ 14. Robert E. Baldwin and Richard N. Clarke (1987), ‘Game-Modeling Multilateral Trade Negotiations’ 15. Aaditya Mattoo (2002), ‘Negotiating Improved Market Access Commitments’ 16. Simon J. Evenett (2002), ‘Multilateral Disciplines and Government Procurement’ 17. Joseph Francois and Will Martin (2003), ‘Formula Approaches for Market Access Negotiations’ PART IV TARIFFICATION OF QUANTITATIVE TRADE RESTRICTIONS 18. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking Society’ 19. James E. Anderson (1985), ‘The Relative Inefficiency of Quotas: The Cheese Case’ 20. L. Alan Winters (1987), ‘Negotiating the Abolition of Non-Tariff Barriers’ 21. Brian Hindley (1987), ‘GATT Safeguards and Voluntary Export Restraints: What Are the Interests of Developing Countries?’ 22. Irene Trela and John Whalley (1990), ‘Unraveling the Threads of the MFA’ 23. Bernard M. Hoekman and Michael P. Leidy (1990), ‘Policy Responses to Shifting Comparative Advantage: Designing a System of Emergency Protection’ 24. Merlinda D. Ingco (1996), ‘Tariffication in the Uruguay Round: How Much Liberalisation?’ 25. Dean Spinanger (1999), ‘Textiles Beyond the MFA Phase-Out’ 26. David W. Skully (2001), Economics of Tariff-Rate Quota Administration 27. J. Michael Finger (2002), ‘Safeguards: Making Sense of GATT/WTO Provisions Allowing for Import Restrictions’ Name Index

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Book SynopsisThis inter-disciplinary volume focuses on the economic and legal challenges confronting globalisation and the evolution of the global system. The Law and Economics of Globalisation discusses the hotly debated topic of globalisation from a wide set of perspectives of law, economics and international political economy. The authors shed new light on the legal, economic and institutional issues raised by globalisation, extending into areas previously considered as national issues. They discuss how the development of the norms, institutions and reach of the global system will be influenced by the domestic and international concerns arising from the increasing integration of countries in the new century.With contributions from lawyers, economists and other experts in the field, this book will be welcomed by academics, students, researchers, and policymakers who are interested in a comprehensive volume on economic globalisation. It will also appeal to a wider audience, such as executive education courses, as well as business and law schools.Trade Review'The diversity of author backgrounds, coupled an assortment of provocative insights, makes this book a useful tool for delving into the meat of globalization, providing a succinct but authoritative overview of the underpinnings necessary to appreciate the who, what, where, and when of globalization.' -- American Society of International Law'This is a fascinating and insightful set of essays, the relevance of which has only increased with the financial and economic crisis. The ideas and basic positions of the authors range wide, but that is exactly what we require as we struggle to understand twenty-first century globalisation and what to do about it. I should like to see it in the hands of all academics and policy-makers working on global affairs.' -- Alan Winters, University of Sussex, Chief Economist, UK Department for International Development and Former Head of Research, the World BankTable of ContentsContents: 1. Introduction Linda Yueh PART I: CHALLENGES OF INTERNATIONAL ECONOMIC LAW: WTO AND GLOBAL TRADE 2. The Legitimacy of WTO Thomas Cottier 3. Constitutionalism and the Regulation of International Markets: How to Define the ‘Development Objectives’ of the World Trading System? Ernst-Ulrich Petersmann 4. Negotiation or Litigation? The Curiously Evolving Governance of the WTO Kamala Dawar and Peter Holmes 5. Global Trade Policy in the New Century Razeen Sally PART II: ISSUES CONFRONTING GOVERNANCE AND ENFORCEMENT 6. The Development of IMF and World Bank Conditionality Axel Dreher 7. How Globalisation Improves Governance Federico Bonaglia, Jorge Braga de Macedo and Maurizio Bussolo 8. Intellectual Property Enforcement in a Global Economy: Lessons from the BRIC Nations Robert C. Bird PART III: EVALUATING GLOBALISATION, THE GLOBAL ECONOMY AND ECONOMIC GROWTH 9. Dark Matter. Does it Matter? Graeme Chamberlin 10. Two Scientists for Every Man, Woman and Dog in America? How Sustainable is Globalisation? Raphael Kaplinsky 11. Globalisation of the World Economy: Potential Benefits and Costs and a Net Assessment Michael D. Intriligator 12. International Economic Law and Economic Growth Linda Yueh Index

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Book SynopsisThis insightful volume is a careful selection of the major contributions to the controversy as to whether regional trade agreements harm the multilateral system of trade negotiation. It focuses on key topics such as: the theory of preferential trade agreements; regionalism and multilateralism; the effects of regionalism on the multilateral system; the effects of multilateralism on regionalism; rules of origin and empirical analyses. Scholars and practitioners alike will find this an invaluable set of papers.Table of ContentsContents: Acknowledgements Introduction Caroline Freund PART I THE THEORY OF PREFERENTIAL TRADE AGREEMENTS 1. Jacob Viner (1950), ‘The Economics of Customs Unions’ 2. W.M. Corden (1972), ‘Economies of Scale and Customs Union Theory’ 3. Murray C. Kemp and Henry Y. Wan, Jr. (1976), ‘An Elementary Proposition Concerning the Formation of Customs Unions’ 4. Paul Wonnacott and Ronald Wonnacott (1981), ‘Is Unilateral Tariff Reduction Preferable to a Customs Union? The Curious Case of Missing Foreign Tariffs’ PART II THE GATT’S ARTICLE XXIV 5. Richard H. Snape (1993), ‘History and Economics of GATT’s Article XXIV’ PART III OVERVIEW OF REGIONALISM AND MULTILATERALISM 6. J. Bhagwati and A. Panagariya (1999), ‘Preferential Trading Areas and Multilateralism: Strangers, Friends or Foes?’ 7. Arvind Panagariya (2000), ‘Preferential Trade Liberalization: The Traditional Theory and New Developments’ PART IV THE EFFECTS OF REGIONALISM ON THE MULTILATERAL SYSTEM 8. Martin Richardson (1993), ‘Endogenous Protection and Trade Diversion’ 9. Richard E. Baldwin (1995), ‘A Domino Theory of Regionalism’ 10. Arvind Panagariya and Ronald Findlay (1996), ‘A Political-Economy Analysis of Free-Trade Areas and Customs Unions’ 11. Kyle Bagwell and Robert W. Staiger (1997), ‘Multilateral Tariff Cooperation During the Formation of Customs Unions’ 12. Philip I. Levy (1997), ‘A Political-Economic Analysis of Free-Trade Agreements’ 13. Pravin Krishna (1998), ‘Regionalism and Multilateralism: A Political Economy Approach’ PART V THE EFFECTS OF MULTILATERALISM ON REGIONALISM 14. Wilfred J. Ethier (1998), ‘Regionalism in a Multilateral World’ 15. Caroline Freund (2000), ‘Multilateralism and the Endogenous Formation of Preferential Trade Agreements’ PART VI NATURAL TRADE PARTNERS 16. Paul Wonnacott and Mark Lutz (1989), ‘Is There a Case for Free Trade Areas?’ 17. Lawrence H. Summers (1991), ‘Regionalism and the World Trading System’ 18. Paul Krugman (1993), ‘Regionalism versus Multilateralism: Analytical Notes’ 19. Jeffrey Frankel, Ernesto Stein, and Shang-jin Wei (1995), ‘Trading Blocs and the Americas: The Natural, The Unnatural and the Supernatural’ 20. Robert Z. Lawrence (1996), ‘Regionalism and the WTO: Should the Rules Be Changed?’ PART VII RULES OF ORIGIN 21. Anne O. Krueger (1999), ‘Free Trade Agreements as Protectionist Devices: Rules of Origin’ 22. A. Estvadeordal and K. Suominen (2006), ‘Mapping and Measuring Rules of Origin Around the World’ PART VIII EMPIRICAL ANALYSES 23. T.N. Srinivasan, John Whalley and Ian Wooton (1993), ‘Measuring the Effects of Regionalism on Trade and Welfare’ 24. Alexander J. Yeats (1998), ‘Does Mercosur’s Trade Performance Raise Concerns about the Effects of Regional Trade Agreements?’ 25. Faezeh Foroutan (1998), ‘Does Membership in a Regional Preferential Trade Arrangement Make a Country More or Less Protectionist?’ 26. Won Chang and L. Alan Winters (2002), ‘How Regional Blocs Affect Excluded Countries: The Price Effects of MERCOSUR’ 27. Alok K. Bohara, Kishore Gawande and Pablo Sanguinetti (2004), ‘Trade Diversion and Declining Tariffs: Evidence from Mercosur’ 28. Nuno Limão (2006), ‘Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the United States’ Name Index

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Book SynopsisThis indispensable volume brings together the key contributions to the academic literature on the subject of the political economy of trade policy. Topics covered include unilateral and multilateral trade policies, international trade agreements and administered protection. In their comprehensive introduction, the editors present an insightful discussion of the political economy approach, the development of multilateral trade agreements, the trade and internal motives that guide unilateral trade policy and the features that characterise unilateralism. This volume is essential for professors, researchers and policymakers concerned with international trade policy.Table of ContentsContents: Acknowledgements Introduction Wilfred J. Ethier and Arye L. Hillman PART I UNILATERAL TRADE POLICIES 1. Harry G. Johnson (1953–4), ‘Optimum Tariffs and Retaliation’ 2. Richard E. Caves (1976), ‘Economic Models of Political Choice: Canada’s Tariff Structure’ 3. William A. Brock and Stephen P. Magee (1978), ‘The Economics of Special Interest Politics: The Case of the Tariff’ 4. Arye L. Hillman (1982), ‘Declining Industries and Political-Support Protectionist Motives’ 5. Wolfgang Mayer (1984), ‘Endogenous Tariff Formation’ 6. James H. Cassing and Arye L. Hillman (1986), ‘Shifting Comparative Advantage and Senescent Industry Collapse’ 7. Jonathan Eaton and Gene M. Grossman (1986), ‘Optimal Trade and Industrial Policy Under Oligopoly’ 8. Arye L. Hillman and Heinrich W. Ursprung (1988), ‘Domestic Politics, Foreign Interests and International Trade Policy’ 9. Gene M. Grossman and Elhanan Helpman (1994), ‘Protection for Sale’ 10. James H. Cassing (1996), ‘Protectionist Mutual Funds’ 11. Pinelopi Koujianou Goldberg and Giovanni Maggi (1999), ‘Protection for Sale: An Empirical Investigation’ 12. JoAnne Feeney and Arye L. Hillman (2004), ‘Trade Liberalization Through Asset Markets’ 13. Wilfred J. Ethier (2006), ‘Selling “Protection for Sale”’ PART II INTERNATIONAL TRADE AGREEMENTS 14. Wolfgang Mayer (1981), ‘Theoretical Considerations on Negotiated Tariff Adjustments’ 15. Avinash Dixit (1987), ‘Strategic Aspects of Trade Policy’ 16. Gene M. Grossman and Elhanan Helpman (1995), ‘Trade Wars and Trade Talks’ 17. Arye L. Hillman and Peter Moser (1996), ‘Trade Liberalization as Politically Optimal Exchange of Market Access’ 18. Giovanni Maggi and Andrés Rodríguez-Clare (1998), ‘The Value of Trade Agreements in the Presence of Political Pressures’ 19. Kyle Bagwell and Robert W. Staiger (1999), ‘An Economic Theory of GATT’ 20. Wilfred J. Ethier (2004), ‘Political Externalities, Nondiscrimination and a Multilateral World’ PART III NONDISCRIMINATION IN MULTILATERAL TRADE AGREEMENTS 21. Warren F. Schwartz and Alan O. Sykes (1996), ‘Toward a Positive Theory of the Most Favored Nation Obligation and Its Exceptions in the WTO/GATT System’ 22. Henrik Horn and Petros C. Mavroidis (2001), ‘Economic and Legal Aspects of the Most-Favored-Nation Clause’ PART IV ADMINISTERED PROTECTION AND MULTILATERAL TRADE AGREEMENTS 23. J.M. Finger, H. Keith Hall and Douglas R. Nelson (1982), ‘The Political Economy of Administered Protection’ 24. Robert W. Staiger and Guido Tabellini (1987), ‘Discretionary Trade Policy and Excessive Protection’ 25. Kyle Bagwell and Robert W. Staiger (1990), ‘A Theory of Managed Trade’ 26. Wilfred J. Ethier (1991), ‘The Economics and Political Economy of Managed Trade’ 27. Steven Berry, James Levinsohn and Ariel Pakes (1999), ‘Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy’ 28. Wilfred J. Ethier (2002), ‘Unilateralism in a Multilateral World’ Name Index

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Book SynopsisThe international business literature often struggles to depict a universal experience of internationalisation from the perspective of large countries. This book seeks to enrich the literature by providing a nuanced overview of the little-known Australian experience, being an atypical case of a small- to medium-sized economy which liberalised rapidly from the 1980s outside any trading bloc.Six data-rich survey chapters explore Australia's mixed success in founding its own multinationals. The experience of Australian firms is set in historical and comparative perspective, including interactions with inward and specifically American FDI. Five industry studies next consider why firms in retail, wine and professional services were more successful than in financial services and shipping. Nine detailed case studies of firms then identify the elements of administrative heritage, strategy and learning that have been the key to success or failure. The book concludes by outlining what can be learned from Australia's example and presenting implications for future research.The Internationalisation Strategies of Small-Country Firms will appeal to scholars, researchers and postgraduate students in international business and international economics.Trade Review‘The Internationalisation Strategies of Small-Country Firms is not only aimed at scholars, researchers and students, but is also very useful for business people, practitioners, international government policy-makers, managers and investors.' -- Domingo Ribeiro Soriano, Management Decision'The Dick and Merrett volume is valuable because it considers the experience of firms and industries within a small to medium-sized developed economy that has high levels of per capita GDP, open policy settings, and a highly urbanised population, but is geographically isolated. . . This study deserves the close attention of those interested in international business, business and economic history, and management subjects. Executives and policy makers will also gain worthwhile insights.' -- Gordon Boyce, Management Decision'This research project combines contemporary and historical analysis to trace the evolution of Australian multinationals. It provides unique insights into how firms from a small economy achieved global competitiveness in their niche markets, while examining the barriers that inhibited others. The evidence is presented in comparative, industry and firm-case studies, and tells the story of international business made in Australia. The longitudinal and multi-level analysis in this research provides new insights that challenge the predominance of cross-sectional analytical framework dominating strategic management. Any scholars sincerely interested how companies from small countries can succeed on the global stage ought to read this book.' -- Klaus E. Meyer, University of Reading Business School, UKTable of ContentsContents: PART I: PERSPECTIVES 1. Introduction Howard Dick and David Merrett 2. Australian Multinationals in Historical Perspective: ‘Do You Come From a Land Down Under?’ David Merrett 3. The Administrative Heritage Tatiana Zalan and Geoffrey Lewis 4. Large Australian Firms: Empirical Evidence on Internationalisation Tatiana Zalan 5. Australian and New Zealand Subsidiaries: Victims of Geographic Isolation? Anne-Wil Harzing and Niels Noorderhaven 6. US Multinationals and the Internationalisation of Australian Industry Robert Walters PART II: INDUSTRY DYNAMICS 7. Financial Services: Banking and Insurance Rodney Benjamin and David Merrett 8. Shipping Howard Dick 9. Retail André Sammartino 10. The Wine Industry Geoffrey Lewis and Tatiana Zalan 11. Engineering Services Thomas Osegowitsch PART III: FIRM CASES 12. Burns Philp Howard Dick and Paul Evans 13. ‘Aspro’ and ‘Kiwi’ David Merrett 14. BHP Billiton Robin Stewardson 15. Foster’s Group Tatiana Zalan and Geoffrey Lewis 16. Coca-Cola Amatil Thomas Osegowitsch 17. Pacific Dunlop Geoffrey Lewis and Tatiana Zalan 18. The TNT Group Howard Dick 19. The Westfield Group André Sammartino and Frances Van Ruth 20. Macquarie Bank David Merrett and Shey Newitt 21. Conclusion Howard Dick, David Merrett and Tatiana Zalan Bibliography Index

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Book SynopsisBringing together contributors from both the university sector and business-centered research institutions, this comprehensive volume offers diverse perspectives on the impacts and consequences of globalization in different parts of the Asian region. Each chapter offers a substantial account of globalization within a particular nation-state or area in the region. Different understandings underpin the chapters. Some contributors perceive globalization as progress in the form of economically driven processes that have made nations mutually dependent in unprecedented and complex ways. Others emphasize the uneven outcomes of globalization, as well as the stakes for economic growth and social order in the global climate of deepening political and religious divisions since September 2001. General and specialist readers alike will gain an appreciation of the myriad emphases placed on globalization within different nations and from various vantage points. The book showcases diverse styles of discourse and serves to greatly broaden the scope of what can be discussed under the rubric of 'globalization' within a single volume.Trade Review'For anyone seeking a diverse range of perspectives on globalisation in the Asia-Pacific region, this collection of highly readable essays is a good place to start. Focusing on individual countries, the chapters examine the specific modalities of global integration and the responses of different sections of society in each country. The authors address questions of major importance for democratic societies, such as: the connection between globalisation and the rise of religious extremism; whether globalisation is in reality a new form of imperial preference; who the winners and losers are. These are complemented by three short case studies dealing with Indonesia's unrealised potential, foreign investment in China and patterns in the movement of people between Hong Kong and the mainland. The essays provide a rich source of thought-provoking analysis of the complex cultural and political responses arising from both opportunities provided by globalisation and its more negative impacts.' -- Melanie Beresford, Macquarie University, Australia'Globalization in the Asian Region draws confident ragged lines across disciplines, themes and the conventional boundaries of scholarship. The range of material in the anthology is astounding. The diversity and admixture of political positions and approaches is confronting. Contemporary Asia is thus mapped without overgeneralizing a homogenous whole.' -- Paul James, RMIT University, Australia'This collection of thoughtful essays provides a reliable picture of the dynamic and often ironic operation of globalization in Asia today and challenges individuals to believe that as communities we have a choice in how we respond and contribute to globalization. The editors highlight the multifaceted nature of globalization and bring to the fore its supraterritoriality. A dozen detailed studies make good on these claims from analyses of American militancy since 9-11, terrorism, and poverty, to case studies on Malaysia, Indonesia, India, Australia, New Zealand, Japan, and China. These essays make clear the interactive nature of globalization as various economic, cultural, and political forces pour into Asian societies while the impact of their responses from exports to currency fluctuations to migration flows to transnational religious movements in turn reshape the selfsame globalization process.' -- Timothy Cheek, University of British Columbia, CanadaTable of ContentsContents: Preface Views of Globalization, Empire and Asia: An Introduction 1. ‘Globalization’ After 9/11 and the Iraq War: Implications for Asia and the Pacific 2. Terrorism as a Global Phenomenon: The Southeast Asian Experience 3. Globalization and Poverty 4. The Impact of Globalization on Malaysia 5. (Case Study 1) Globalization and the Indonesian Economy: Unrealized Potential 6. Globalization and Hindutva: India’s Experience with Global Economic and Political Integration 7. Australian Roadmaps to Globalism: Explaining the Shift from Multilateralism to Imperial Preference 8. Globalization: A New Zealand Perspective 9. Globalization and Japan after the Bubble 10. Globalization, Late Industrialization and China’s Accession to the WTO: A Critical Perspective on Close Integration 11. (Case Study 2) A Glimpse of FDI in China and Related Issues 12. (Case Study 3) The Movement of People: Interflows between Hong Kong and Mainland China Index

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Book SynopsisThe Handbook of International Banking provides a clearly accessible source of reference material, covering the main developments that reveal how the internationalization and globalization of banking have developed over recent decades to the present, and analyses the creation of a new global financial architecture. The Handbook is the first of its kind in the area of international banking with contributions from leading specialists in their respective fields, often with remarkable experience in academia or professional practice. The material is provided mainly in the form of self-contained surveys, which trace the main developments in a well-defined topic, together with specific references to journal articles and working papers. Some contributions, however, disseminate new empirical findings especially where competing paradigms are evaluated.The Handbook is divided into four areas of interest. The first deals with the globalization of banking and continues on to banking structures and functions. The authors then focus on banking risks, crises and regulation and finally the evolving international financial architecture.Designed to serve as a source of supplementary reading and inspiration, the Handbook is suited to a range of courses in banking and finance including post-experience and in-house programmes for bankers and other financial services practitioners. This outstanding volume will become essential reference for policymakers, financial practitioners as well as academics and researchers in the field.<Trade Review'The Handbook is especially recommended to MBA students and faculty and belongs in the reference collections of academic and research libraries. Although each chapter may serve as a self-contained unit, readers will want to look at the larger picture by comparing and contrasting articles found in each part of the work. It should prove to be a helpful source for those studying international banking, economics and finance, and international business.' -- Lucy Heckman, American Reference Books Annual 2004Table of ContentsContents: Preface PART I: THE GLOBALIZATION OF BANKING 1. Globalization and Convergence of Banking Systems Andrew W. Mullineux and Victor Murinde 2. Multinational Banking: Historical, Empirical and Case Perspectives Elisa A. Curry, Justin G. Fung and Ian R. Harper 3. Asset-backed Securitization, Collateralized Loan Obligations and Credit Derivatives Warrick Ward and Simon Wolfe PART II: BANKING STRUCTURES AND FUNCTIONS 4. The New World of Euro Banking Jean Dermine 5. Competitive Banking in the EU and Euroland Edward P.M. Gardener, Philip Molyneux and Jonathan Williams 6. How to Tie Your Hands: A Currency Board versus an Independent Central Bank Jakob de Haan and Helge Berger 7. Free Banking Kevin Dowd 8. Islamic Banking Humayon A. Dar and John R. Presley 9. Universal Banking and Shareholder Value: A Contradiction? Ingo Walter 10. Foreign Exchange Trading Activities of International Banks Jürgen Eichberger and Joachim Keller 11. The Settlement and Financing of International Trade Ayse G. Eren 12. Costs and Efficiency in Banking: A Survey of the Evidence from the US, the UK and Japan Leigh Drake PART III: BANKING RISKS, CRISES AND REGULATION 13. Country Risk: Existing Models and New Horizons Sarkis Joseph Khoury and Chunsheng Zhou 14. The Causes of Bank Failures Shelagh Heffernan 15. International Banking Crises Alistair Milne and Geoffrey E. Wood 16. Some Lessons for Bank Regulation from Recent Financial Crises David T. Llewellyn 17. Reforming the Traditional Structure of a Central Bank to Cope with the Asian Financial Crisis: Lessons from the Bank of Thailand Andrew W. Mullineux, Victor Murinde and Adisorn Pinijkulviwat 18. Capital Flight: The Key Issues Niels Hermes, Robert Lensink and Victor Murinde 19. International Banks and the Washing of Dirty Money: The Economics of Money Laundering Kent Matthews 20. The Regulation of International Banking: Structural Issues Richard Dale and Simon Wolfe 21. US Banking Regulation: Practice and Trends Joseph J. Norton and Christopher D. Olive 22. Deposit Insurance and International Banking Regulation C. Charles Okeahalam PART IV: THE EVOLVING INTERNATIONAL FINANCIAL ARCHITECTURE 23. The institutional Design of Central Banks Falko Fecht and Gerhard Illing 24. The International Monetary Fund: Past, Present and Future Ian W. Marsh and Kate Phylaktis 25. Reforming the Privatized International Monetary and Financial Architecture Jane D’Arista 26. Globalization, the WTO and GATS: Implications for the Banking Sector in Developing Countries Victor Murinde and Cillian Ryan Index

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Book SynopsisNobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations depends uniquely on these policies and it is important to be aware of their impact.This book brings together James Tobin's recent work, both published and unpublished, on finance and globalization, currency crises and bailouts. Emphasis is placed on international economic relations and policies, and on the IMF and World Bank. In particular, economic and monetary relations among nations, exchange rate problems and policies and the 'Tobin Tax' - popular in Europe but much misunderstood - are discussed.Professor Tobin also examines the impact of his earlier work on recent US fiscal policy. The Clinton administration followed a tight fiscal policy leading to budget surpluses, and this enabled Alan Greenspan at the Federal Reserve to follow an 'easy', low interest rate, monetary policy. This mix was advocated back in the 1950s and 1960s by Paul Samuelson and James Tobin. The memo Professor Tobin wrote for the J.F. Kennedy campaign of 1960 is published for the first time. The policy was not applied until 30-35 years later. Presenting a framework for understanding monetary and fiscal policies and how they determine full employment and growth, the book will prove invaluable to students and scholars of macroeconomics, as well as economists wishing to gain an insight into Professor Tobin's unique contribution to economics.Table of ContentsContents: Foreword by Janet Yellen Introduction Part I: Financial Globalization and World Money Part II: Currency Crises and Bailouts Part III: Growth and the Fiscal–Monetary Policy Mix Part IV: Political Economy Index

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Book SynopsisThis up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index and assessment of nations economic performance.Despite the increasing popularity of PPPs, many users have very little appreciation of the data and methods used in their derivation. This timely monograph brings together a number of significant contributions from leading researchers in the field, offering a comprehensive review of the latest methods used in the construction and application of PPPs. The authors provide a broad overview of the current state-of-the-art both in terms of techniques as well as current practice with various international organisations.Given the increasing application of PPPs in this truly globalised world, this book will be a stimulating read for researchers and academics involved in international comparisons and development economics, general economists and economist statisticians.Trade Review'Perhaps the most significant challenge economists face when comparing economic aggregates across countries is that the data needs to be expressed in a common currency. The use of Purchasing Power Parities (PPPs) to convert national GDP's into a common currency, for example, is the recognized method to avoid the deficiencies in exchange rates. However, the methodology to produce PPPs is probably the most complex and difficult statistical activity in the world. The recently completed 2005 International Comparison Program (ICP) included 146 countries with huge variations in the size and structure of their economies and covered all components of the GDP. Because of the huge differences in the scope and scale of national economies, the ICP was organized to first produce regional PPPs followed by their linkage to produce global PPP's. Many of the problems encountered are considered in this book. The list of authors reads like a who's who in the field of international economic statistics who provide a valuable addition to the knowledge about PPPs. Purchasing Power Parities fits a critical need as it brings together the most recent significant developments to improve the estimation of internationally comparable economic indicators.' -- Frederic A. Vogel, Global Manager, International Comparison Program, 2005 and Consultant, World Bank, Washington, US'This book makes a major contribution to the literature on purchasing power parities (PPPs). It is the latest in a flow of important studies which started in 1940. The eminent contributors are mainly concerned with presenting new methods of estimation, rather than new estimates of world performance. Purchasing Power Parities of Currencies contains 13 essays. Most are concerned with complicated problems now at the cutting edge of PPP measurement, with innovative suggestions for sophisticated improvements of present techniques of estimating PPPs. When the World Bank PPP estimates for 2011 emerge, readers of the book will be well equipped to scrutinize its methodological approach with a critical eye.' -- Angus Maddison, United Nations University-MERIT, Maastricht and University of Groningen, NetherlandsTable of ContentsContents: Foreword PART I: INTRODUCTION 1. Introduction D.S. Prasada Rao 2. The Compilation of Purchasing Power Parities: The Eurostat–OECD Purchasing Power Parity Programme David Roberts PART II: SYSTEM METHODS FOR PPP COMPUTATION 3. Aggregation Methods in International Comparisons: An Evaluation Bert Balk 4. Generalised Eltetö–Köves–Szulc and Country–Product–Dummy Methods for International Comparisons D.S. Prasada Rao 5. True International Income Comparisons Correcting for Substitution Bias Steve Dowrick 6. Additivity, Matrix Consistency and a New Method for International Comparisons of Real Income and Purchasing Power Parities Itsuo Sakuma, D.S. Prasada Rao and Yoshimasa Kurabayashi 7. Implicit Data Structures and Properties of Selected Additive Indices James Cuthbert PART III: METHODS FOR SPATIAL LINKING AND ANALYSIS OF PRICE STRUCTURES 8. Similarity Indexes and Criteria for Spatial Linking Erwin Diewert 9. Comparing Per Capita Income Levels Across Countries Using Spanning Trees: Robustness, Prior Restrictions, Hybrids and Hierarchies Robert Hill 10. Chaining Methods for International Real Product and Purchasing Power Comparisons: Issues and Alternatives Bettina Aten and Alan Heston 11. Aggregation Methods Based on Structural International Prices Sergey Sergeev PART IV: APPLICATIONS 12. Purchasing Power Parities and their Policy Relevance Michael Ward 13. Purchasing Power Parity Adjustments for Productivity Level Comparisons Bart van Ark and Marcel Timmer 14. PPPs and the Price Competitiveness of International Tourism Destinations Larry Dwyer, Peter Forsyth and D.S. Prasada Rao Index

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Book SynopsisTemporary protection from fairly traded imports under the World Trade Organization (WTO) typically refers to a national government's use of a 'safeguard' tariff, quota or tariff rate quota. Safeguard provisions allow a WTO member's national government to investigate whether a domestic industry is injured because of fairly traded, but imported goods; and then impose a temporary unilateral import restriction that would otherwise be in violation of market access commitments. This book presents some of the key theoretical and empirical research articles in the economics, legal and policy literature examining the structure and use of such temporary import protection programmes. This insightful collection will be an important reference source for economists and researchers interested in international trade policy and the rules of the underlying WTO system.Trade Review'This is a much-needed collection of important theoretical and empirical papers by distinguished writers in the field on the legal, economic and political justifications for the controversial use of WTO Safeguard Mechanisms. The introduction by Chad Bown, a well-respected analyst of this subject, provides a cogent summary of the context and critical areas of this debate. As well as being an essential reference tool, this volume provides a fertile source for future research and will be of great use to academics, students and policymakers interested in the political economy of international trade and protection.' -- Robert Read, Lancaster University Management School, UKTable of ContentsContents: Acknowledgements Introduction Chad P. Bown PART I HISTORY AND INSTITUTIONS 1. John H. Jackson (1997), ‘Safeguards and Adjustment Policies’ 2. Alan V. Deardorff (1987), ‘Safeguards Policy and the Conservative Social Welfare Function’ 3. J. Michael Finger (2002), ‘Safeguards: Making Sense of GATT/WTO Provisions Allowing for Import Restrictions’ PART II ECONOMIC THEORY: DIFFICULTIES IN MAKING THE CASE FOR IMPORT-RESTRICTING SAFEGUARD POLICIES 4. Jagdish N. Bhagwati (1976), ‘Market Disruption, Export Market Disruption, Compensation and GATT Reform’ 5. Michael Mussa (1978), ‘Dynamic Adjustment in the Heckscher-Ohlin-Samuelson Model’ 6. Robert W. Staiger and Guido Tabellini (1987), ‘Discretionary Trade Policy and Excessive Protection’ PART III ECONOMIC THEORY: SAFEGUARD PROVISIONS AND DESIGN 7. Kyle Bagwell and Robert W. Staiger (1990), ‘A Theory of Managed Trade’ 8. Ronald D. Fischer and Thomas J. Prusa (2003), ‘WTO Exceptions as Insurance’ 9. Kyle Bagwell and Robert W. Staiger (2005), ‘Enforcement, Private Political Pressure, and the General Agreement on Tariffs and Trade / World Trade Organization Escape Clause’ PART IV ECONOMIC THEORY: SAFEGUARDS AND ‘ADJUSTMENT’ 10. Kaz Miyagiwa and Yuka Ohno (1995), ‘Closing the Technology Gap Under Protection’ 11. Arye L. Hillman (1982), ‘Declining Industries and Political-Support Protectionist Motives’ 12. S. Lael Brainard and Thierry Verdier (1997), ‘The Political Economy of Declining Industries: Senescent Industry Collapse Revisited’ 13. Carl Davidson and Steven J. Matusz (2004), ‘An Overlapping-generations Model of Escape Clause Protection’ PART V EMPIRICAL ANALYSIS OF SAFEGUARDS 14. Steven Berry, James Levinsohn and Ariel Pakes (1999), ‘Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy’ 15. James C. Hartigan, Philip R. Perry and Sreenivas Kamma (1986), ‘The Value of Administered Protection: A Capital Market Approach’ 16. Robert E. Baldwin and Jeffrey W. Steagall (1994), ‘An Analysis of ITC Decisions in Antidumping, Countervailing Duty and Safeguard Cases’ 17. Wendy L. Hansen and Thomas J. Prusa (1995), ‘The Road Most Taken: The Rise of Title VII Protection’ 18. Chad P. Bown (2004), ‘Trade Disputes and the Implementation of Protection Under the GATT: An Empirical Assessment’ 19. Robert W. Staiger and Guido Tabellini (1999), ‘Do GATT Rules Help Governments Make Domestic Commitments?’ 20. Chad P. Bown and Rachel McCulloch (2004), ‘The WTO Agreement on Safeguards: An Empirical Analysis of Discriminatory Impact’ PART VI POLICY USE, LEGAL PROCESS AND DISPUTE SETTLEMENT 21. Douglas A. Irwin (2003), ‘Causing Problems? The WTO Review of Causation and Injury Attribution in US Section 201 Cases’ 22. Alan O. Sykes (2003), ‘The Safeguards Mess: A Critique of WTO Jurisprudence’ Name Index

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Book SynopsisThe past decade has witnessed a proliferation of regulatory agencies at both the national and the EU level. This coherent and clearly structured book is the first of its kind to analyse in equal measure, and interdependently, both national regulatory authorities and European agencies. It brings together a select group of highly esteemed contributors - authorities in their fields - to provide a systematic and over-arching view of regulation in the EU. Unlike many of the previous attempts to shed light on this increasingly opaque and complex co-existence of regulatory systems, this book takes a genuinely multi-disciplinary approach with integrated perspectives from law, politics and economics. Exploring firstly the rationales for the existence of agencies, the book then goes on to examine how agencies are designed in the EU before considering the legal and political challenges they raise, and finally comparing them with international agencies and agencies in an enlarged Europe and the wider world.Academic researchers in the fields of law, economics and politics will find Regulation through Agencies in the EU of great interest as will EU law practitioners, policymakers and regulators in Europe.Trade Review'. . . those interested in regulatory politics in Europe will find this book a useful set of essays.' -- Michelle Egan, European Law ReviewTable of ContentsContents: Part I: Rationales for Setting Up Agencies 1. The Politics of Regulation in the European Union Paul Magnette 2. Regulation of Liberalised Markets: A New Role for the State? (Or How to Induce Competition Among Regulators) Phedon Nicolaïdes Part II: The Design of Agencies in the EU 3. Independent Regulatory Agencies and Elected Politicians in Europe Mark Thatcher 4. Agencies for European Regulatory Governance: A Regimes Approach Colin Scott 5. Delegation to EU Non-Majoritarian Agencies and Emerging Practices of Public Accountability Deirdre Curtin 6. Independence, Accountability and Transparency of European Regulatory Agencies Ellen Vos Part III: Challenges Raised by Agencies in the EU 7. Good Governance and European Agencies: The Balance Michelle Everson 8. Coordination of European and Member State Regulatory Policy: Horizontal, Vertical and Transversal Aspects Pierre Larouche 9. The Proliferation of National Regulatory Authorities Alongside Competition Authorities: A Source of Jurisdictional Confusion? Nicolas Petit Part IV: Agencies in a Comparative and International Perspective 10. The Development of European Regulatory Agencies: Lessons from the American Experience Damien Geradin 11. Regulation and Globalization: Interactions between International Standard-setting Agencies and the European Union Jan Wouters and Sten Verhoeven Index

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Book SynopsisThis two-volume set is an indispensable selection of recent and classic research papers exploring the link between globalization and productivity growth. The editors' careful selection includes articles that focus on the impact of globalization on aggregate productivity, openness, international technology diffusion, and trade adjustment and productivity growth. Other topics include inward and outward foreign direct investment, international outsourcing and the critical relationship between exporting and productivity. The set will be an essential reference point for researchers, students and policy-makers concerned with globalization and productivity.Table of ContentsContents: Volume I Acknowledgements Introduction David Greenaway, Holger Görg and Richard Kneller PART I GLOBALIZATION AND AGGREGATE PRODUCTIVITY GROWTH A Openness 1. Ross Levine and David Renelt (1992), ‘A Sensitivity Analysis of Cross-Country Growth Regressions’ 2. Sebastian Edwards (1993), ‘Openness, Trade Liberalization, and Growth in Developing Countries’ 3. Jeffrey A. Frankel and David Romer (1999), ‘Does Trade Cause Growth?’ 4. Francisco Rodríguez and Dani Rodrik (2001), ‘Trade Policy and Economic Growth: A Skeptic’s Guide to the Cross-National Evidence’ B International Technology Diffusion 5. David T. Coe and Elhanan Helpman (1995), ‘International R&D Spillovers’ 6. Wolfgang Keller (1998), ‘Are International R&D Spillovers Trade Related? Analyzing Spillovers Among Randomly Matched Trade Partners’ 7. Jonathan Eaton and Samuel Kortum (1999), ‘International Technology Diffusion: Theory and Measurement’ 8. Bruno van Pottelsberghe de la Potterie and Frank Lichtenberg (2001), ‘Does Foreign Investment Transfer Technology Across Borders?’ 9. Wolfgang Keller (2004), ‘International Technology Diffusion’ PART II TRADE ADJUSTMENT AND PRODUCTIVITY GROWTH A Macro 10. Gene M. Grossman and Elhanan Helpman (1990), ‘Comparative Advantage and Long-Run Growth’ 11. Luis A. Rivera-Batiz and Paul M. Romer (1991), ‘Economic Integration and Endogenous Growth’ 12. Anne O. Krueger (1997), ‘Trade Policy and Economic Development: How We Learn’ 13. Dani Rodrik (1998), ‘Globalisation, Social Conflict and Economic Growth’ 14. David Greenaway, Wyn Morgan and Peter Wright (2002), ‘Trade Liberalisation and Growth in Developing Countries’ B Micro 15. Anne E. Harrison (1994), ‘Productivity, Imperfect Condition and Trade Reform: Theory and Evidence’ 16. Nina Pavcnik (2002), ‘Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants’ 17. Marc J. Melitz (2003), ‘The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity’ 18. James R. Tybout (2003), ‘Plant- and Firm-Level Evidence on “New” Trade Theories’ Name Index Volume II Acknowledgements Introduction David Greenaway, Holger Görg and Richard Kneller PART I INWARD FOREIGN DIRECT INVESTMENT 1. Magnus Blomström (1986), ‘Foreign Investment and Productive Efficiency: The Case of Mexico’ 2. Andrés Rodríguez-Clare (1996), ‘Multinationals, Linkages, and Economic Development’ 3. Brian J. Aitken and Ann E. Harrison (1999), ‘Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela’ 4. James R. Markusen and Anthony J. Venables (1999), ‘Foreign Direct Investment as a Catalyst for Industrial Development’ 5. Andrea Fosfuri, Massimo Motta and Thomas Rønde (2001), ‘Foreign Direct Investment and Spillovers through Workers’ Mobility’ 6. Sourafel Girma, David Greenaway and Katharine Wakelin (2001), ‘Who Benefits from Foreign Direct Investment in the UK?’ 7. Holger Görg and David Greenaway (2004), ‘Much Ado About Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?’ 8. Beata Smarzynska Javorcik (2004), ‘Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages’ 9. Holger Görg and Eric Strobl (2005), ‘Spillovers from Foreign Firms through Worker Mobility: An Empirical Investigation’ PART II OUTWARD FDI, INTERNATIONAL OUTSOURCING AND EXPORTING 10. S. Lael Brainard (1997), ‘An Empirical Assessment of the Proximity-Concentration Trade-off Between Multinational Sales and Trade’ 11. Pol Antràs (2003), ‘Firms, Contracts, and Trade Structure’ 12. Stephen Ross Yeaple (2003), ‘The Complex Integration Strategies of Multinationals and Cross Country Dependencies in the Structure of Foreign Direct Investment’ 13. Pol Antràs and Elhanan Helpman (2004), ‘Global Sourcing’ 14. Elhanan Helpman, Marc J. Melitz and Stephen R. Yeaple (2004), ‘Export Versus FDI with Heterogeneous Firms’ 15. Sourafel Girma, Holger Görg and Eric Strobl (2004), ‘Exports, International Investment, and Plant Performance: Evidence from a Non-parametric Test’ 16. Sourafel Girma, Richard Kneller and Mauro Pisu (2005), ‘Exports versus FDI: An Empirical Test’ 17. Gene M. Grossman and Elhanan Helpman (2005), ‘Outsourcing in a Global Economy’ PART III EXPORTING AND PRODUCTIVITY 18. Richard Baldwin (1988), ‘Hysteresis in Import Prices: The Beachhead Effect’ 19. Andrew B. Bernard and J. Bradford Jensen (1995), ‘Exporters, Jobs, and Wages in U.S. Manufacturing: 1976–1987’ 20. Sofronis K. Clerides, Saul Lach and James R. Tybout (1998), ‘Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico and Morocco’ 21. Andrew B. Bernard and J. Bradford Jensen (1999), ‘Exceptional Exporter Performance: Cause, Effect, or Both?’ 22. Miguel A. Delgado, Jose C. Fariñas and Sonia Ruano (2002), ‘Firm Productivity and Export Markets: A Non-parametric Approach’ 23. Sourafel Girma, David Greenaway and Richard Kneller (2004), ‘Does Exporting Increase Productivity? A Microeconomic Analysis of Matched Firms’ 24. David Greenaway and Richard Kneller (2007), ‘Firm Heterogeneity, Exporting and Foreign Direct Investment’ Name Index

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Book SynopsisCombining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequences of recent financial crises presenting cutting-edge material.The editors bring together a number of well-known scholars to offer their views and elaborate on alternative solutions with respect to the Washington Consensus on how to restructure the monetary and financial system in order to avoid financial crises in the future. The book deals with a number of issues, such as the Asian financial crises of the 1990s, exchange rate arrangements, financial liberalization and capital controls. The contributors take a critical approach, providing the elements for a new analysis of monetary and exchange rate issues in the modern world.Monetary and Exchange Rate Systems will be extremely useful for researchers and policymakers interested in monetary macroeconomics and in the international financial system.Trade Review'This is an important, original, and highly topical volume, in which distinguished contributors from Europe, Asia, North America, and Mexico investigate the causes of recent international financial crises, and discuss a wide range of alternative policies to prevent future financial instability. The contributors share a broadly post-Keynesian perspective, and are therefore highly critical both of the Washington Consensus and of the case for unrestrained financial liberalization. While they agree on the need for tighter regulation and for international capital controls, they differ on other important questions, including the respective merits of fixed and floating exchange rate regimes. That gives to this collection of contributions a welcome element of creative tension. No-one with an interest in reforming the international monetary regime can afford to neglect this book.' -- John King, La Trobe University, Victoria, Australia'This is a stimulating collection of the range of views bubbling up as a consequence of the perceived failure of the Washington Consensus, loosely unified by the laudable ambition to extend the Minsky-Kindleberger analysis of financial crisis to the conditions facing emerging market economies.' -- Perry Mehrling, College, Columbia University, US'The era of globalization and financial liberalization has been remarkable for financial instability and crises. This book provides some great contributions from a range of views and countries to the debates on the causes and consequences of these crises, and on policy perspectives that can avoid further instability and its costs.' -- Malcolm Sawyer, University of Leeds, UK'This is an important and timely book. Views on exchange rate regimes and the international monetary system cut right across the traditional "party lines" among economists, and Louis-Philippe Rochon and Sergio Rossi have provided an invaluable service by collecting the opinions of distinguished Post Keynesian economists from ten different countries and three continents. Is there an international solution to global economic problems? Or should the individual nations, particularly in the developing world, take a more nationalistic "neo-mercantilist" line?' -- John Smithin, York University, Toronto, CanadaTable of ContentsContents: Introduction Louis-Philippe Rochon and Sergio Rossi Part I: Financial Liberalization and Financial Crises 1. International Financial Instability in a World of Currencies Hierarchy Andrea Terzi 2. Dollarization and the Hegemonic Status of the US Dollar Jean-François Ponsot 3. Reform and Structural Change in Latin America: Financial Systems and Instability Eugenia Correa and Gregorio Vidal 4. East Asian Monetary and Financial Cooperation: The Long Road Ahead Kok-Fay Chin 5. Does Financial Liberalization Affect the Distribution of Income Between Wages and Profits? Domenica Tropeano 6. Crisis Avoidance: The Post-Washington Consensus Agenda Louis-Philippe Rochon Part II: From Financial Instability to Macroeconomic Performance 7. Reforming the International Payment System: An Assessment Claude Gnos 8. Is There a Role for Capital Controls? Philip Arestis, Jesús Ferreiro and Carmen Gómez 9. Liberalization or Regulating International Capital Flows? Paul Davidson 10. Cross-Border Transactions and Exchange Rate Stability Sergio Rossi 11. To Fix or to Float: Theoretical and Pragmatic Considerations L. Randall Wray 12. Exchange Rate Arrangements and EU Enlargement Jesper Jespersen Index

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