International economics Books

Book SynopsisRegulation is on the rise across the world as the state steps back from public ownership. However, as the authors highlight, the style of political delegation to regulatory authorities has not followed a uniform trajectory but rather institutional endowments, administrative traditions, market structure and business culture have all influenced the creation of regulatory authorities and implementation styles. Noting these variances, the focus of this book is to consider the impact of liberalisation and the introduction of new regulatory structures on three utility sectors - telecommunications, energy and the railways - using Germany and the UK as case studies. With regulation seeking to foster competition at the same time as also having to protect essential services, the authors investigate regulatory styles, costs of new regulatory functions and how firms in the new regulatory landscape access and influence regulatory authorities. The authors consider how EU pressures may hinder or help the functioning of new regulatory markets and the establishment of business-regulator relationships, as well as the broader policy implications for these new regulatory environments. The book also determines how regulatory authorities emerge and evolve under different state traditions and assesses, over time, the degree to which there is potential for convergence, divergence and continued differences as regulatory functions mature.This book will be warmly welcomed by researchers and academics of comparative public policy, politics and regulation. It will also appeal to policy makers and the business community in Europe.Trade Review‘Refining Regulatory Regimes is certainly one of the best recent theory-driven empirical research works in the field of European regulatory reforms.' -- Nadine Haase, International Journal of Environmental Studies'The book provides a number of thought provoking conclusions. . . One of the strengths of the book is the way it carefully documents the liberalisation of telecommunications, energy and rail sectors in both countries. . . this book is insightful and likely to be of interest to those wanting to learn more about utility regulation from a variety of perspectives, including the factors which can influence and shape regulatory policy and institutions over time.' -- Stephen Rimmer, Australian Journal of Public Administration'Refining Regulatory Regimes is a fine volume bringing together a set of chapters that despite their different emphases complement each other nicely.' -- Martin Lodge, West European Politics'This major study breaks new ground in bringing together a distinguished international team to offer a comparative and empirical investigation of factors shaping regulatory implementation and business-regulator relations in key European utilities sectors.' -- Colin Scott, London School of Economics and Political Science, UKTable of ContentsContents: 1. Introduction: Redefining and Refining Regulation David Coen Part I: Institutional Change and Environment 2. Developments in Regulatory Regimes: Comparison on Telecommunications, Energy and Rail Dominik Böllhoff 3. Administrative Costs of Reforming Utilities Michael W. Bauer Part II: Business–Regulator Relationships 4. Changing Business–Regulator Relations in German and UK Telecommunication and Energy Sectors David Coen 5. Managing Regulatory Developments in Rail: Compliance and Access Regulation in Germany and the UK Adrienne Héritier Part III: Implementation and Refining Policy 6. The Politics for a Sustainable Energy Industry: Renewable Energy Policy in the United Kingdom and in Germany André Suck 7. Public Services: The Role of the European Court of Justice in Correcting the Market Leonor Moral Soriano 8. Conclusion: Refining Regulatory Regimes Adrienne Héritier Bibliography Index

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Book SynopsisMost countries, developed and developing, are fiscally decentralized with regional and local governments of varying importance. In many of these countries, some of these sub-national governments differ substantially from others in terms of wealth, ethnic, religious, or linguistic composition. This book considers how fiscal arrangements may strengthen or weaken national solidarity and the effectiveness with which public services are provided. In particular, the nation's ability to cope with changes created by decentralization is explored.Through a series of case studies, the countries of Belgium, Bosnia and Herzegovina, Canada, China, Germany, India, Indonesia, the Philippines, Russia, Spain and Switzerland are examined with an eye to how their public finances are structured and how these arrangements act to promote equilibrium or turmoil in the nation state. This is the first detailed consideration of the link between asymmetry and intergovernmental finance, as well as the first detailed study of how asymmetrical fiscal arrangements work in practice in a variety of different countries.Policy analysts concerned with intergovernmental finance and/or political legitimacy issues will find this synthesis of interest, as will readers concerned with the public policy of the many fiscally fragmented countries profiled here.Trade Review'. . . the book is coherent and engaging throughout, with each contributor offering the reader valuable insights into the various forces shaping their chosen country of study. . . this is an important book, which will engage and indeed possibly help to define continuing debates in development studies into the future. . . The authors have produced a book which will be of particular interest to policy analysts looking at intergovernmental finance and to those concerned with political legitimacy and governance, especially in relation to the countries profiled here, though it will also prove useful to those looking at issues around globalization and tools used by institutions such as the World Bank in its promotion.' -- BreffnI Lennon, Progress in Development StudiesTable of ContentsContents: Preface PART I: INTRODUCTION 1. Subsidiarity, Solidarity and Asymmetry: Aspects of the Problem Richard M. Bird and Robert D. Ebel 2. The Country Studies: Comparisons and Conclusions Richard M. Bird, Robert D. Ebel and Sebastiana Gianci PART II: FEDERAL INDUSTRIAL COUNTRIES 3. Reconciling Diversity with Equality: The Role of Intergovernmental Fiscal Arrangements in Maintaining an Effective State in Canada Richard M. Bird and François Vaillancourt 4. Germany at the Junction Between Solidarity and Subsidiarity Paul Bernd Spahn and Jan Werner 5. Accommodating Asymmetry Through Pragmatism: An Overview of Swiss Fiscal Federalism Bernard Dafflon PART III: NEW FEDERAL COUNTRIES 6. Belgium: A Unique Evolving Federalism Benoît Bayenet and Philippe de Bruycker 7. Fiscal Decentralization in Spain: An Asymmetric Transition to Democracy Teresa Garcia-Milà and Therese J. McGuire PART IV: COUNTRIES IN TRANSITION 8. Asymmetric Federalism in Russia: Cure or Poison? Jorge Martinez-Vazquez 9. Ethnic Minority Regions and Fiscal Decentralization in China: The Promises and Reality of Asymmetric Treatment Christine Wong PART V: DEVELOPING COUNTRIES 10. Asymmetric Federalism in India M. Govinda Rao and Nirvikar Singh 11. Intergovernmental Fiscal Relations and State Building: The Case of Indonesia Bambang Brodjonegoro and J. Fitz G. Ford 12. Subsidiarity and Solidarity: Fiscal Decentralization in the Philippines Christine Wallich, Rosario Manasan and Saloua Sehili PART VI: POSTCONFLICT 13. Fiscal Federalism in Bosnia and Herzegovina: Subsidiarity and Solidarity in a Three-Nation State William Fox and Christine Wallich Index

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Book SynopsisThis Commentary on the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) provides a detailed textual analysis of TRIPS - a pivotal international agreement on intellectual property rights.TRIPS sets minimum standards for national laws on copyright, patents, trademarks and other forms of intellectual property rights. TRIPS profoundly impacts upon the regulation of access to medicines, compulsory licensing of copyright material, geographical indicators and other significant IP-related matters.This reference book is a major authoritative work that is clearly organised and presented, allowing users to navigate quickly to commentary on any element of TRIPS. The book begins with a context-setting section, providing guidance on interpreting TRIPS. It considers the salient elements of the Vienna Convention on the Law of Treaties, the WTO Understanding on Rules and Procedures Governing the Settlement of Disputes, and the preamble to the Agreement Establishing the WTO. The book then follows the seven part structure of TRIPS, and provides an article-by-article analysis of each of its 73 provisions and specifically addresses the interpretation of key phrases in each article.An essential resource for practitioners and scholars, this detailed and exhaustive volume will also prove invaluable to academics and students of intellectual property law, international law and trade law. It is a first point of reference for anyone needing to know more about TRIPS.Contents: 1. General Provisions and Basic Principles 2. Standards Concerning the Availability, Scope and Use of Intellectual Property Rights 3. Enforcement of Intellectual Property Rights 4. Acquisition and Maintenance of Intellectual Property Rights and Related Inter-Partes Procedures 5. Dispute Prevention and Settlement 6. Transitional Arrangements 7. Institutional Arrangements; Final ProvisionsTrade Review‘This excellent and extensive commentary on the World Trade Organization Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is a valuable addition to the field. . . this reviewer very much enjoyed the book and looks forward to consulting it further in the future, particularly as reliance on TRIPS continues to develop in European practice.’ -- Christopher Stothers, Queen Mary Journal of Intellectual PropertyTable of ContentsContents: 1. General Provisions and Basic Principles 2. Standards Concerning the Availability, Scope and Use of Intellectual Property Rights 3. Enforcement of Intellectual Property Rights 4. Acquisition and Maintenance of Intellectual Property Rights and Related Inter-Partes Procedures 5. Dispute Prevention and Settlement 6. Transitional Arrangements 7. Institutional Arrangements; Final Provisions

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Book SynopsisInternational agricultural trade regulation remains problematic despite the creation of the WTO and a specific Agreement on Agriculture in 1995. Fiona Smith challenges this orthodoxy and presents a new conceptual method by which the problem of international agricultural trade in the WTO can be understood. Attempts to revise the rules in the Doha Development Round of multilateral trade talks have repeatedly stalled as negotiators grapple with what is perceived to be the problem of international agricultural trade. Issues such as how best to address the contemporary challenges to market liberalisation whilst preserving the environment, difficulties of biofuels, development, human rights and the demands of the changing nature of global governance are all examined in this timely book. Challenging convention and introducing new concepts, Agriculture and the WTO will strongly appeal to academics working in the fields of international agricultural trade, international relations, international economic law, agriculture law and policy. It will also be warmly welcomed by policymakers and graduate students with a special interest in international agricultural trade.Trade Review'This is an insightful book of ideas offering an alternative conceptualisation of the problems of international agricultural trade, which are seen as polycentric and so must be managed rather than resolved. It demonstrates that where there is convergence without genuine agreement on the meaning no specific resolution can be achieved. The author is to be commended for offering a valuable springboard for further reflection on the management of the problems of international agricultural trade.' -- Joseph McMahon, University College Dublin, IrelandTable of ContentsContents: Preface 1. International Agricultural Trade Regulation: Charting the Landscape 2. Current Perceptions of the Problem 3. Two Models of Disagreement 4. Polycentrism and the Issue of Market Access 5. Cultural Divergence, Polycentricity and Subsidies 6. Towards the Future Index

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Book SynopsisThis unique Handbook illustrates how entrepreneurs across Europe tackle internationalization. This timely and important book identifies patterns and builds a theory of international entrepreneurship in Europe.The contributors discuss the performances of SMEs on the road to internationalization. Each chapter emphasizes how the process of internationalization of SMEs operates, the challenges and opportunities that arise due to each country's specific political and economic situation, and their subsequent internationalization performance. These processes, challenges and performances can be understood through theories of international business and entrepreneurship. Although at times these theories cannot fully explain certain phenomena, nevertheless they help to derive new extensions of thought. Together, they constitute a foundation for a new way of thinking about and understanding the importance and effect of internationalization of SMEs to country-level competitiveness in Europe. The role of theoretically important issues such as cooperation and trust, venture capital, research and development, learning, networks and government policy is also explored and analysed, and will be of great interest to researchers, academics and graduates interested in international business and entrepreneurship.Trade Review'This book is an important contribution to the field of international entrepreneurship. . . it provides a comprehensive account of internationalization strategies adopted by SMEs in a wide range of European countries, and by drawing on a number of empirical studies, it enriches the theory of SME internationalization with a new theoretical framework that can be useful for understanding the complexity of SME internationalization processes in Europe.' -- Julia Korosteleva, Thunderbird International Business Review'From Andorra to Wales with stops in more than 35 other European countries along the way, this comprehensive collection of articles is required reading for scholars interested in international entrepreneurship. It provides information on how entrepreneurs and their firms go international from virtually every country in Europe. This unique volume permits researchers to compare how the process of entrepreneurial internationalization is affected by differences in culture, location, technology, and other influences within Europe. Furthermore, the various authors consider a range of theoretically important issues, such as cooperation and trust, venture capital, research and development, learning, networks, and government policy. This book serves as an essential departure point from which scholars can embark on their study of international entrepreneurship in Europe.' -- Benjamin M. Oviatt, Georgia State University, US'This is a timely and interesting book that brings together some of the most insightful contributions on the internationalization of new ventures, with an emphasis on the European experiences. Assembling some of the best scholars, the book offers a distinctively European perspective - one that deserves recognition, analysis, and discussion. I applaud the editors for doing such a masterful job in bringing a great group of researchers and ideas together. I highly recommend this book for any serious researcher and scholar.' -- Shaker A. Zahra, University of Minnesota, Twin Cities, US'This remarkable book provides valuable contributions on how the process of SMEs' internationalization is operating in 37 different European countries. Researchers in international entrepreneurship will find new materials for theorization. Numerous facets of international business are carefully documented by a great many well-known scholars. Also, given the variety of situations typical of the European small business sector, the book may prove to be helpful to small-scale entrepreneurs wishing to take steps towards internationalization. Overall, this coordinate work makes you realize why Europe is so fascinating.' -- Jean-Jacques Obrecht, University Robert Schuman, Strasbourg, FranceTable of ContentsContents: Foreword: A Theory of Internationalization for European Entrepreneurship David Storey PART I: INTRODUCTORY CHAPTERS 1. Introduction Léo-Paul Dana, Isabell M. Welpe, Mary Han and Vanessa Rutten 2. How International are European Venture Capital Firms? Sophie Manigart, Wouter De Maeseneire, Mike Wright, Sarika Pruthi, Andy Lockett, Hans Bruining, Ulrich Hommel and Hans Landström PART II: COUNTRY STUDIES 3. Internationalization of Small and Medium-sized Firms (SMEs) in a Western European Service Economy: The Case of Andorra Sanford L. Moskowitz 4. Trust-based Cooperation as Driver for the Internationalization of SMEs: Empirical Evidence from Austria Matthias Fink and Slawomir Teodorowicz 5. Internationalization of SMEs in Belarus Friederike Welter, David Smallbone, Anton Slonimski and Marina Slonimska 6. Internationalization of SMEs in Belgium Jan Degadt 7. Internationalization of SMEs in Bosnia and Herzegovina William R. Pendergast, Mugdim Pasic and Aziz Sunje 8. Internationalization of Bulgarian SMEs Kiril Todorov and Kostadin Kolarov 9. Internationalization of SMEs in Croatia Tihomir Vranešević, Branko Bogunović and Miroslav Mandić 10. Internationalization of SMEs in Cyprus Demetris Vrontis and Alkis Thrassou 11. Internationalization of Danish SMEs Per Servais, Erik S. Rasmussen, Bo B. Nielsen and Tage Koed Madsen 12. Internationalization of Enterprises in Estonia Tiit Elenurm 13. Internationalization of SMEs: The Case of Finland Asko Miettinen 14. Internationalization of SMEs: The Case of The Former Yugoslav Republic of Macedonia Marija Risteska and Zhidas Daskalovski 15. Internationalization of French SMEs Hervé Mesure and Rita Klapper 16. Patterns of Internationalization of German SMEs: Surveying Manufacturing Offshoring Steffen Kinkel, Gunter Lay and Spomenka Maloca 17. Growth of Archetypon S.A.: Exploitation of Opportunities in Greek and European Marketplaces Irini Voudouris and Pavlos Dimitratos 18. The Internationalization of Hungarian SMEs László Kállay and Imre Lengyel 19. Irish Perspectives of International Entrepreneurship Cecilia B. Hegarty 20. Israeli, Born Global, Knowledge-intensive Firms: An Empirical Inquiry Tamar Almor and Gilad Sperling 21. Italian SME International Strategies: State of the Art and Some Empirical Evidences Alberto Mattiacci, Christian Simoni and Lorenzo Zanni 22. Analysis of the Environment for Small and Medium-size Enterprises in Latvia for Further Internationalization Development Tatjana Volkova and Andra Brige 23. Internationalization of SMEs in Liechtenstein Hans-Rüdiger Kaufmann 24. The Path to the Internationalization of Lithuanian Manufacturing SMEs Audra I. Mockaitis 25. The Internationalization of SMEs in Malta: A Critical Assessment in the Context of Five European Island Regions Godfrey Baldacchino 26. Issues on the Internationalization of SMEs in Eastern Europe: The Case of Moldova Sanford L. Moskowitz 27. Monaco’s Forgotten Glitter: Industrial SMEs and their Worldwide Appeal Martine Spence 28. Internationalization of Dutch SMEs Jolanda A. Hessels 29. The Impact of the Single Market Programme on the Internationalization of Polish SMEs Anna Rogut and Bogdan Piasecki 30. Export Performance and Productivity in Portuguese Manufacturing SMEs Margarida Proença, Isabel Correia and Orlando Petiz 31. Small and Medium Size Enterprises in Russia Anatoly Zhuplev and Vladimir Shein 32. The Internationalization of Small and Medium Companies in San Marino Donata Vianelli 33. Internationalization of Slovenian SMEs as a Learning and Unlearning Process Miroslav Rebernik and Ksenja Pušnik 34. The Internationalization of Small and Medium Firms in Spain Alicia Coduras, Cristina Cruz, Ignacio de la Vega and Rachida Justo 35. Network Coordination as a Key to External Resources: A Study of an Internationalizing Biotech SME Angelika Löfgren, Daniel Tolstoy, D. Deo Sharma and Jan Johanson 36. Managing the Challenges of Globalization: Evidence from Swiss Small and Medium-sized Enterprises Thierry Volery 37. Outward Internationalization of Turkish SMEs Serdar Karabati 38. Internationalization of SMEs in Ukraine Nahum Goldmann, Svitlana Slava, Yuriy Makogon, Tetyana Orekhova and Alena Dubouskaya PART III: CONSTITUENTS OF THE UNITED KINGDOM 39. Business Support for Internationalization in England Leigh Sear and Robert T. Hamilton 40. Supporting SMEs in Scotland: Strategies for Internationalizing Mike Danson, Ewa Helinska-Hughes, Michael Hughes and Geoff Whittam 41. Internationalization of Welsh SMEs: The Role of Wales Trade International David Pickernell, David Brooksbank, Helena Snee, Farid Ullah and Dylan Jones-Evans PART IV: CONCLUSION 41. Toward a Theory of Internationalization for European Entrrepreneurship Léo-Paul Dana, Mary Han, Vanessa Rutten and Isabell M. Welpe Index

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Book SynopsisThis book is based on the premise that Regional Trade Agreements (RTAs) in the Asia-Pacific significantly impact on the material progress of the peoples of this region. These impacts - in terms of the benefits and costs associated with RTAs - will vary greatly from country to country.The internationally acclaimed contributors examine the theoretical perspective of RTAs in relation to exchange rates, the role and goals of the WTO and agriculture. The tensions and trade frictions resulting from the formation of trade blocs and their conflicts with the roles and goals of the WTO are also examined in the book. Those economies that are considered the economic powerhouses of the region including China, Japan, South Korea, major ASEAN countries and Australia are discussed in depth. The findings of the book suggest that RTAs are becoming increasingly popular in the Asia-Pacific region. However the associated costs and benefits depend on a number of complex factors including exchange rates, negotiation skills, the sectors included or excluded from the RTA, and the level of economic development of the nations signing the RTAs.The book will be particularly useful to academics, researchers, consultants, students, policy makers (including trade negotiators), and practitioners involved in trade and development in the Asia-Pacific region.Trade Review'The editor of this book is to be congratulated for providing us with the works of a group of authors who combine proficient technical skills with elegant and lucid writing capabilities. . . This book would make excellent recommended reading for both undergraduate and graduate classes in international trade and finance.' -- Herb Thompson, Journal of Contemporary AsiaTable of ContentsContents: Preface PART I: INTRODUCTION 1. Regionalism, Trade and Economic Development: Theories and Evidence from the Asia-Pacific Region M.A.B. Siddique PART II: REGIONALISM: THE WORLD TRADE ORGANIZATION AND THE EXCHANGE RATE 2. Preferential Trade Agreements and the Role and Goals of the World Trade Organization Andrew L. Stoler 3. Preferential Trade Agreements and Exchange Rate Regimes Larry A. Sjaastad 4. Major Trade Trends in APEC Economies: Implications for Regional Trade Agreements Yanrui Wu PART III: EAST ASIA AND THE PACIFIC 5. Australia–United States Free Trade Agreement and its Implications for Japan Ippei Yamazawa 6. Free Trade Areas and Economic Integration in East Asia: The View from China Christopher Howe 7. Reflections on Impacts and Outcomes of Regional Trade Liberalization in an Asia-Pacific Context Kenneth E. Jackson 8. Korea’s Approaches to Regionalism Inkyo Cheong 9. AUSFTA and its Implications for the Australian Stock Market David Allen, Lee K. Lim and Trent Winduss PART IV: SOUTHEAST ASIA 10. US–Singapore Free Trade Agreement: Implications for Singapore, Australia and other ASEAN Countries Jose Tongzon 11. Comparative Advantage in Thailand and Indonesia and Potential Free Trade Agreements: Implications for Trade Diversion William E. James 12. The Singapore–Australia Free Trade Agreement (SAFTA): Motivations and Implications for the Asia-Pacific Economies Rahul Sen PART V: SECTOR STUDIES 13. The Commodity Coverage of PTAs: Does Agriculture Matter? Donald MacLaren 14. Multilateral Consequences of Bilateral Trade Agreements: AUSFTA and the Australian Wool Industry John Stanton, M.A.B. Siddique, Emma Kopke and Nazrul Islam PART VI: CONCLUSION 15. Regionalism, Trade and Economic Development in the Asia-Pacific Region: Challenges Ahead M.A.B. Siddique Index

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Book SynopsisEnvironmental, health and sanitary requirements in developed countries are sometimes perceived in developing countries as non-tariff barriers to trade. This book shows that such restrictions are perceived to be more stringent during the domestic production season or when stock levels are high. The authors argue that scientific data for specific thresholds or limit values sometimes appear to be questionable and that they vary widely between countries. In some cases, products that had initially been refused access to a domestic market have subsequently been allowed access but at a lower price. Thus standards are perceived to be a mechanism for bidding down the export price. Countries from the same region with similar water or climatic conditions may be subject to differential degrees of Sanitary and Phytosanitary measures (SPS). Measures to address protectionist aspects of standards must be devised to ensure free and fair trade.The contributors to this book show that there are good reasons for suspecting that these standards could indeed be protectionist. Utilising a wealth of empirical evidence, the book includes case studies written by authors based in the regions and does not fail to address awkward issues such as 'whose standards?', 'why standards?' and whether cartelisation is the consequence of standards. The contributors also address the political economy of standard setting, not simply the technical process, north-south issues and the political economy of organic food markets. Environmental Regulation and Food Safety will appeal to policymakers and NGOs, researchers and scholars of international and development economics as well as industry strategists. Copublished with Canada's International Development Research Centre.Table of ContentsContents: Preface 1. Introduction Veena Jha 2. Environmental and Health Regulations Veena Jha 3. South Asia Veena Jha 4. Costa Rica Eduardo Gitli, Max Valverde and María Pérez-Esteve 5. Eastern and Southern Africa: The Experience of Kenya, Mozambique, the United Republic of Tanzania and Uganda Cerina Banu Issufo Mussa, René Vossenaar and Nimrod Nakisisa Waniala 6. Organic Agriculture René Vossenaar and Sophia Twarog 7. Summary and Conclusions Veena Jha 8. Ways Forward Veena Jha Index

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Book SynopsisThis absorbing book examines the period of massive structural adjustment taking place in the wine industry. For many centuries wine was very much a European product. While that is still the case today - three-quarters of world wine production, consumption and trade involve Europe and most of the rest involves just a handful of New World countries settled by Europeans - the importance of exports from non-European countries has risen dramatically over the past decade. The World's Wine Markets includes an in-depth look at the growth and impact of New World wine production on the Old World producers, revealing that between 1990 and 2001, the New World's combined share of world wine exports grew from 4 to 18 per cent, or from 10 to 35 per cent when intra-European Union trade is excluded. Original essays, by economists from each of the major wine producing and consuming regions in the world, analyse recent developments and future trends, and conclude that globalization of the industry is set to continue for the foreseeable future. Furthermore they argue that with increasing globalization, there is a greater need than ever for systematic analysis of the world's wine markets.This fascinating work will appeal greatly to students enrolled in wine marketing and business courses, those studying industrial organization, and economists and other social scientists interested in case studies of globalization at work. As well, wine industry participants interested in understanding the reasons behind the recent dramatic developments in the industry will find this rigorously analytical yet accessible book of great value.Trade Review'This text provides a comprehensive overview of the global wine industry. The book has two primary components. The first evaluates trends in global wine production, consumption, and trade. The second evaluates these trends for major wine-producing and wine-consuming countries. As a whole, the book is an invaluable resource for those seeking to understand today's wine industry and the factors influencing its future direction. . . . The World's Wine Markets provides an excellent overview of the worldwide wine industry that is enhanced by the detailed case studies of major wine producers and consumers.' -- Rachel E. Goodhue, Agribusiness'This book is a useful contribution to the literature on wine, in large part because it offers a global picture of recent vintage.' -- Brian Holly, Growth & Change'This is a useful work, which provides a comprehensive overview of the world's wine markets. Its particular strengths are its global coverage, its focus on both production and consumption, and the large number of charts and tables with which the volume is replete. With authors drawn from across the world, the book provides interesting national perspectives on the practice of globalization. It will be of undoubted use to students and those in the wine trade who need easily accessible information on this most fascinating of global markets.' -- Tim Unwin, Royal Holloway, University of London, UK and Editor, Journal of Wine Research'World wine trade is undergoing the most radical transformation since the 1970s: New protagonists have helped to push markets' boundaries ever further afield in a world that has become a smaller place. This timely book offers a valuable collection of insights by academics into the gripping fight between seasoned performers from the Old World and their young pretenders from the New.' -- Pierre Spahni, author of The International Wine Trade (1995, 2000)

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Book SynopsisThis book focuses on recent financial market reforms, and their implications for social, economic and political exclusion. In particular it considers the hitherto under-researched question of whose interests govern the design of regulatory mechanisms and who influences the decision-making process. This process is set out as contested terrain, in which there are winners and losers, and in which there are inevitably circles of exclusion. The authors, comprising financial authority experts and academic specialists, expand the concept of exclusion beyond its typical social dimension to incorporate all actors, be they individuals or institutions not permitted to contribute to financial market regulation as a public good. As they point out, this may take the form of political, economic or indeed cultural exclusion. The book examines the conflicts that arise between various interests and how these are managed within the process of regulation. The book has a focus on political financial sector reforms at the global level with special emphasis on how these reforms are implemented in the EU. The authors conclude that financial governance has to be embedded in broad legitimization structures, encompassing the participation or representation of a variety of interests affected by it, if they are to be deemed democratically legitimate. Furthermore, inclusion also has to show substantive effects on governance outcomes. This volume opens up the debate about the future of financial market regulation and hence, policy makers, NGOs, researchers and scholars will find this interdisciplinary book of great interest. It will also appeal to political scientists, economists, financial market participants, regulators and economic policy makers in general and academics of sociology, political science, economics and finance in particular.Trade Review'This is the best book I have yet seen on the social and political implications of financial market liberalisation and regulatory change in a globalizing world. The authors systematically analyse the relationships between powerful private sector actors, policymakers and regulators, and other interested groups, identifying crucial neopluralist coalition-building processes leading to complex pro-market forms of reregulation. Each chapter examines these processes at several levels: competing actors and institutions in the financial sector itself; wider political processes and power relationships; and distributive outcomes - or who wins and who loses in the multi-level playing field of 21st century global finance.' -- Philip G. Cerny, Rutgers University, Newark, US and University of Manchester, UK'This book is a collection of excellent contributions covering a broad range of perspectives for the future of financial regulation. Far from juxtaposing the pros and cons of the different approaches to regulation in a reductionist manner, it thoroughly explores the economic, political and social consequences of regulation on the basis of numerous case studies, e.g. of the Lamfalussy process, Basel II, the regulation of pension funds or the implementation of financial literacy programmes. The great value of this book lies in its comprehensive approach: it brings together academics and central bankers, thus synthesizing theoretical and practical knowledge about financial market regulation and presenting an informed debate on these issues for a broader readership.' -- Gertrude Tumpel-Gugerell, Executive Board of the European Central Bank'This book on financial governance is a highly timely contribution to economic discourse. The dynamics of inclusion and exclusion are highlighted from several angles - financial economics, political science and sociology. The rare insights presented are combined to produce a fresh approach to regulatory reform and financial governance. This book covers an exceedingly broad range of perspectives, as it contains contributions by academics and practitioners, economists and political economy experts. It is a must for everyone whose activities touch on financial market regulation issues.' -- Philip Arestis, University of Cambridge, UK'This is an excellent and thought provoking set of essays on the political dynamics of financial regulatory regimes, which uses the dichotomy of inclusion and exclusion to explore the issue of legitimacy of regulatory actors, and provides a welcome antidote to the technocratic and legal literature in the area.' -- Julia Black, London School of Economics and Political Science, UKTable of ContentsContents: Preface Peter Mooslechner, Helene Schuberth and Beat Weber Financial Market Regulation and the Dynamics of Inclusion and Exclusion Peter Mooslechner, Helene Schuberth and Beat Weber PART I: THE THEORY OF FINANCIAL MARKET GOVERNANCE AND THE PROBLEM OF INCLUSION AND EXCLUSION 1. Theorizing Governance in a Global Financial System Geoffrey R.D. Underhill 2. Political Economy Approach to Financial Reform Susanne Lütz 3. Who Governs? Economic Governance Mechanisms and Financial Market Regulation Brigitte Unger PART II: CASE STUDIES 4. The Significance of Changes in Private-Sector Associational Activity in Global Finance for the Problem of Inclusion and Exclusion Tony Porter 5. The Construction of the Single Market in Financial Services and the Politics of Inclusion and Exclusion Beat Weber 6. Financial Education for the Poor in the United States Martin Schürz 7. The Governance of OTC Derivatives Markets Eleni Tsingou 8. Risks, Ratings and Regulation: Toward a Reorganization of Credit via Basel II? Vanessa Redak 9. The Governance of Occupational Pension Funds and its Politico-Economic Implications: The Case of Austria Stefan W. Schmitz Index

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Book SynopsisThis volume is a careful selection of the leading legal and economic papers analysing international discrimination in government purchasing. It also includes the WTO agreement that seeks to curb such discrimination. Studies of individual country experiences are also featured, adding a practical dimension to what often appears to be a narrow technical debate. This authoritative and wide-ranging volume will provide trade negotiators, other government officials including purchasing officers, and scholars with a thorough grounding so as to effectively assess proposals for further international rules on government procurement practices, be they in bilateral, regional, or multilateral arenas.Table of ContentsContents: Acknowledgements Introduction Simon J. Evenett and Bernard Hoekman PART I LEGAL NORMS/INTERNATIONAL COOPERATION/WTO RULES 1. Annet Blank and Gabrielle Marceau (1996), ‘The History of the Government Procurement Negotiations Since 1945’ 2. Kenneth W. Abbott (2001), ‘Rule-making in the WTO: Lessons from the Case of Bribery and Corruption’ 3. Sue Arrowsmith (2002), ‘Reviewing the GPA: The Role and Development of the Plurilateral Agreement after DOHA’ 4. Sue Arrowsmith (2003), ‘Transparency in Government Procurement: The Objectives of Regulation and the Boundaries of the World Trade Organization’ 5. Simon J. Evenett (2003), ‘Is There a Case for New Multilateral Rules on Transparency in Government Procurement?’ PART II ECONOMICS OF DISCRIMINATION 6. Robert E. Baldwin and J. David Richardson (1972), ‘Government Purchasing Policies, Other NTB’s, and the International Monetary Crisis’ 7. Albert Breton and Pierre Salmon (1996), ‘Are Discriminatory Procurement Policies Motivated by Protectionism?’ 8. Aaditya Mattoo (1996), ‘The Government Procurement Agreement: Implications of Economic Theory’ 9. George Deltas and Simon Evenett ([1997] 2000), ‘Quantitative Estimates of the Effects of Preference Policies’ 10. Thomas C. Lowinger (1976), ‘Discrimination in Government Procurement of Foreign Goods in the U. S. and Western Europe’ 11. R. Preston McAfee and John McMillan (1989), ‘Government Procurement and International Trade’ 12. Kaz Miyagiwa (1991), ‘Oligopoly and Discriminatory Government Procurement Policy’ 13. Federico Trionfetti (2000), ‘Discriminatory Public Procurement and International Trade’ 14. Simon J. Evenett and Bernard M. Hoekman (2005), ‘Government Procurement: Market Access, Transparency, and Multilateral Trade Rules’ PART III EMPIRICAL ANALYSES OF INTERNATIONAL AGREEMENTS AND RULES 15. Bernard M. Hoekman ([1997] 2000), ‘Operation of the Agreement on Government Procurement, 1983–1992’ 16. Joseph Francois, Douglas Nelson and N. David Palmeter ([1997] 2000), ‘Public Procurement in the United States: A Post-Uruguay Round Perspective’ 17. Harvey Gordon, Shane Rimmer and Sue Arrowsmith (1998), ‘The Economic Impact of the European Union Regime on Public Procurement: Lessons for the WTO’ 18. Vivek Srivastava (2003), ‘India’s Accession to the Government Procurement Agreement: Identifying Costs and Benefits’ 19. Inbom Choi (2003), ‘The Long and Winding Road to the Government Procurement Agreement: Korea’s Accession Experience’ 20. Dimitri Mardas (2001), ‘Indicators for Measuring the Potential Economic Impact of Opening Government Procurement and their Application to the Situation of Hungary’ Name Index

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Book SynopsisBefore the latest EU enlargement, substantial changes in the integration process were predicted as a result of the accession of 10 new Member States, with some forecasting cataclysmic consequences. This book, one of the first ex post assessments of EU enlargement, provides evidence to the contrary, while also providing examples in which the new Members have been able to influence EU policy output with their liberal attitudes on economic and social policy. This book will be of great interest to EU policymakers, including officials of European institutions whose primary concerns are 'policy adjustment' and EU external relations. It will also be of interest to academics and students specialising in EU affairs, especially European integration, organisation, governance and public policy.Trade Review'. . . a timely and thought provoking book on a subject that is very topical and of great importance to the world.' -- V.H. Manek Kirpalani, Global Business ReviewTable of ContentsContents: Introduction PART I: THE NEW ECONOMIC SETTING 1. Trade and Investment Patterns in an Enlarged Union Victoria Curzon Price 2. Economic Integration and Spatial Location of Production Miroslav N. Jovanovic 3. The Impact of Enlargement on EU Agriculture Nicholas C. Baltas 4. The Impact of Enlargement on Monetary Stability Franco Praussello PART II: GOVERNANCE AND COHESION OF THE ENLARGED UNION 5. Political Dynamics in the Enlarged European Union Neill Nugent 6. Regulatory Adjustment in the Wider Europe Area Constantine A. Stephanou 7. Economic and Social Cohesion in the Enlarged Union Panagiotis Liargovas PART III: EXTERNAL RELATIONS OF THE ENLARGED UNION 8. Challenges of Adjustment: Economic Integration in a Wider Europe Carol Cosgrove-Sacks 9. A Major Challenge for the EU’s External Action: The European Neighbourhood Policy Christian Franck 10. The EU’s Enlargement and Euro-Mediterranean Relations Dimitris K. Xenakis 11. EU Energy Dependence and Co-operation with CIS Countries after EU Enlargement Yelena Kalyuzhnova and Maria Vagliasindi 12. Impact of EU Enlargement to CEE Countries on Transatlantic Relations René Schwok Conclusions Index

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Book SynopsisThis book is a critical review of current fiscal and monetary policy in Europe and presents results of both empirical research and a discussion of the theoretical framework behind the policy of the European Central Bank and the Stability and Growth Pact.Macroeconomic policy is often hotly debated within the EU. However, the majority of policy discussions have started from a shared view of how the economy works. This shared neo-classical view is also known as the 'Brussels-Frankfurt consensus'. According to that consensus, European labour markets are too rigid in comparison to the US labour market. Hence, the prevalent view is that the European unemployment problem can be solved by increasing incentives; improving the returns on schooling and redefining the role and the necessity of labour market institutions. In this volume the authors argue that it is not at all clear which institutions cause labour market rigidities and to what extent. They note that the problem of unemployment requires a much broader set of solutions, including active labour market policies, policies concerning schooling and the development of skills. Growth and Cohesion in the European Union also highlights that these microeconomic policies will not in themselves provide the solution to what is essentially a macroeconomic problem. First and foremost the role of aggregate demand in the determination of unemployment has to be placed at the forefront of the debate.The extensive discussion of a broad variety of topics in the field of macroeconomic policy will ensure this book finds a welcome readership amongst researchers and academics of European studies and macroeconomics. Policy advisors will also find much to engage them as the book provides a critical view on the Brussels-Frankfurt consensus, currently so dominant amongst European policymakers.Table of ContentsContents: Introduction PART I: MONETARY POLICY, FISCAL POLICY AND THE STABILITY AND GROWTH PACT 1. The Brussels–Frankfurt Consensus: An Answer to the Wrong Question William Mitchell and Joan Muysken 2. Whither Stability Pact? An Assessment of Reform Proposals Paola Monperrus-Veroni and Francesco Saraceno 3. Alternatives for the Policy Framework of the Euro Philip Arestis and Malcolm Sawyer 4. What Drives ECB Monetary Policy? Clemens J.M. Kool 5. Interest Rates, Debt, Counter-Cyclical Policy and Monetary Sovereignty Jan Kregel PART II: LABOUR MARKETS AND LABOUR MARKET POLICIES 6. Institutions and the Labour Market: Examining the Benefits Tom van Veen 7. Institutions and Unemployment in OECD Countries: A Panel Data Analysis Lucio Baccaro and Diego Rei 8. The Institutional Determinants of Labour Market Performance: Comparing the Anglo-Saxon Model and a European-Style Alternative Henri de Groot, Richard Nahuis and Paul Tang 9. Enhancing Productivity: Social Protection as Investment Policy Chris de Neubourg and Julie Castonguay 10. Labour Market Adjustments and Macroeconomic Performance Anna Batyra and Henri Sneessens Index

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Book SynopsisThe opening up of world markets, rapid growth of trade and foreign direct investment create manifold problems for competition policy. Thus, international mergers may have adverse effects on many countries, international cartels may carve up world markets and dominant firms may seek to maintain their global position by exclusionary conduct. These problems have been recognised for more than half a century and some attempts have been made internationally to address them, so far with limited success. This progressive book seeks to explore the problems and concerns that globalisation has created for competition policy. The book begins by setting out the principles of competition and trade policies, and then goes on to address the impact of market globalisation on what are usually thought of as traditional antitrust concerns. These include the analysis of the difficulties arising from collusion and other restrictive practices, government sponsored 'voluntary co-operation', vertical restrictions and market access, pricing strategies of dominant firms and international mergers, all illustrated with a number of prominent case studies. The author concludes with an illuminating discussion on the feasibility of international co-operation on competition policy, the faltering progress that has been made so far and the prospects for future advances.This comprehensive volume will prove to be an invaluable resource to students and scholars of law and economics. It will also find wide appeal amongst researchers, policy makers and practitioners with an interest in industrial organisation, antitrust policy and globalisation.Trade Review'This book is a welcome and timely addition to the library of materials exploring the implications of the move from internationalisation of trade towards globalisation.' -- Michael Hutchings, European Competition Law Review'This book provides an excellent introduction to the difficult and important issues surrounding international trade and competition policy.' -- Douglas A. Irwin, Dartmouth College, USTable of ContentsContents: Preface Part I: Introductory 1. Introduction and Outline 2. The Principles of Trade and Competition Policies Part II: Competition Issues in the Global Economy 3. An International Perspective on Collusive Behaviour 4. Government Sponsored ‘Voluntary’ Co-operation 5. Vertical Restrictions and Market Access 6. Pricing Strategies of Dominant Firms 7. International Mergers Part III: Policy Problems 8. The Feasibility of International Agreement 9. Attempts at International Co-operation 10. Towards an International Competition Policy References Index

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Book SynopsisIn an international context, fairness is particularly important, since only a system which is perceived by its participants as fair can command acceptance and compliance. The main focus of this study is to investigate the development of the notion of fairness in US trade policy and law as well as the impact this notion has on international trade discussions and rule-making, and especially on the formation of the multilateral trade regime.The contention of the author, Americo Beviglia Zampetti, is that fairness concerns, which have been present in the US trade policy debates and treaty practice since the Republic's inception, have contributed to shaping these debates and practice over the years, both at home and abroad. These concerns were finally thrust upon the international scene through inclusion in the multilateral trade regime after World War II. As such, the book forms part of the broader debate over the costs and benefits of globalization. The methodological approach chosen is that of an 'intellectual history', which seeks to understand the origin of a particular idea, trace its trajectory within the international trade policy discourse and evaluate its impact on policy and regime formation. Fairness in the World Economy will be a fascinating and insightful read for academics, students, researchers and policymakers with an interest in international trade issues as well as international affairs, relations and economics.Trade Review'This book is very informative and is based on a well-documented research supported with historical, political, and past policy debates about the fairness in US trade policy and laws as well as its impact on the formation of the multilateral trade regime. . . Zampetti must be given credit for drawing our attention to onggoing research in this fascinating and exciting area.' -- Gii.ldem Gokcek, Ecnnomk'Americo Beviglia Zampetti's Fairness in the World Economy provides an important lens into understanding fairness debates in contemporary trade discourse. . . an important contribution to the trade literature. . . the historical excavation that Fairness in the World Economy provides is of great value. Students and scholars alike will find Zampetti's clear and concise history of US trade policy from the founding to the present to be extremely useful. More importantly, at a time when there is widespread argument that "too few share in [globalization's] benefits [and] too many have no voice in its design and no influence on its course, Fairness in the World Economy<\/i> invites its readers to consider the adequacy of the level playing field notion of fairness and to grapple with the politically contentious question of how trade can help create a more just international economic order.' -- Jeffrey L. Dunoff, The American Journal of International Law'This is an unusually timely and insightful work, addressing the crucial issue of the justice of globalization. The author avoids the polemics and abstractions with which this question is usually treated; his economic literacy as well as hands-on policy experience in international and transnational institutions, make this a uniquely practical, balanced and nuanced account, bringing much clarity to a heated debate, which usually divides the different disciplines and specialities rather than inciting their engagement.' -- Robert L. Howse, University of Michigan, Ann Arbor, US'This volume describes the birth (with all the birth defects) of the notion of fairness in the US. The extent of the author's research is quite breathtaking: not only does he delve into an infinite series of official and semi-official documents, but he also looks at case law, opinions expressed in the literature etc., to come up with an expression of (US) fairness that does not suffer from selection bias. But this is only half what the author has accomplished through his work. He goes on to examine how US fairness has been exported to international institutions (such as the GATT/WTO regime) and demonstrates how, once discussed and shaped among all trading partners, it has come back to the US in a different form. The book thus provides both the "inside out" and the "outside in" perspective. It will prove invaluable for the political scientist, the economic historian and the lawyer alike.' -- Petros C. Mavroidis, Edwin B. Parker Professor of Law, Columbia Law School, US and University of Neuchatel, Switzerland & CEPRTable of ContentsContents: Introduction 1. Analytical Framework 2. Fairness: In Search of a Meaning 3. Fairness in the US Commercial Policy Discourse Before the Advent of the Multilateral Trade System 4. The Fairness Idea in the Development of the Multilateral Trade Regime 5. Rethinking Fairness in the Evolution of the International Trade Policy and Rule-Making Discourse 6. Conclusion Bibliography Index

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Book SynopsisThe Olympic Games is a unique event centering global interest on its host city. The financing of the Games has changed dramatically since Munich (1972) and economic interests and effects are increasingly paramount. It is therefore an anomaly that accurate economic analysis and comparison is not readily available. This is the most detailed study on the economic implications of recent and future Olympic Games over four decades.Holger Preuss analyses the most important issues surrounding the hosting of the Olympics, and its wider economic effects, including: financial gigantism of the Olympic Games commercialisation and its control problems associated with achieving the Olympic requirements and standards the economic legacy of Olympic Games the feasibility of developing countries staging future Olympic Games detailed post Olympic analysis of financial figures conclusions on the economic related achievements of respective Organising Committees. Academics and researchers of sports economics, international economics, international business and competition will all find this fascinating book of great value. The rigorous and authoritative analysis ensures valuable information will be available for future bid cities, and in a wider context, any city planning to bid for a major sporting event. It will also appeal to those interested in the broader context of the Olympic Games and concerned by their commercialisation and gigantism.Trade Review'The book is chock full of data and history. . . Preuss's book provides an in-depth, comprehensive look at the economics and finances of the Olympics. The book merits reading in a sequential fashion, but readers interested in particular topics would still benefit from reading only specific sections. It does contain a number of graphs, tables and some equations, but the accompanying text is written in an accessible manner that should not put off non-specialist readers.' -- IPKat'This book should be compulsory reading for all politicians and planners involved in preparing for the Games, for tutors who want to incorporate analysis of the Olympics into their programmes, for sports studies and sports management students in higher education, for events management staff and students wanting the definitive word on the economics of mega events. It is Preuss's defining contribution to the study of the economics of sport.' -- Peter Taylor, Leisure Studies'Professor Preuss has written a much needed book comparing the economic effects of the Olympic Games from 1972 to 2004. The book will be easy to follow for those without an in-depth knowledge of economics. . . This book should be essential reading for anyone connected to the London Games and for anyone involved in tourism. It will also be a very useful source of information and statistics for those studying how the Olympic Games affect tourism, sport or other aspects of leisure.' -- Mike Dods, The Tourism Society Journal'This is probably the most ambitious effort, so far, to describe economic impacts of Summer Olympic Games. . . The major contribution of this book is that it gives a wealth of details and succeeds in making these comparable over 30 years and 7 countries. It is a unique source of information and a "must-have" in the reference library of any institution or researcher interested in mega-events.' -- Tommy D. Andersson, Idrottsforum.orgTable of ContentsContents: Preface by Jacques Rogge Foreword by Holger Preuss 1. Introduction: The Situation of Modern Cities and the Olympic Games 2. Methodology: Justifications for Use 3. Financing of the Games: Interests, Winners and Losers 4. Growth and Financial Gigantism: The Scale of the Olympic Games 5. Technique of Measuring: The Economic Impact of Olympic Games 6. Tourism and Exports: The Sleeping Giants 7. Investments and the Reconstruction of a City: Burdens and Opportunities 8. The Great Source of Income: Revenues of the OCOG 9. The Flip Side of the Coin: Expenditures of the Organizing Committee 10. Jobs, Jobs, Jobs: Great Opportunities or Flash in the Pan? 11. The Olympic Aftermath: Price Increases and Economic Legacy 12. Reflections: The Olympics Today and the Challenge for Future Hosts References 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 SynopsisGlobalization provokes both excitement and fear. This comprehensive collection, which brings together some of the most important published work on the subject, addresses a core issue of contention: the implications of globalization for poverty and inequality. While the debate is highly politicized, this insightful set of papers focuses on the contributions made by academic economists. Globalization may be regarded by some as the realization of new opportunities through the removal of barriers to the flows of goods, services, factors and knowledge. However, it may also have adverse consequences: notably for farmers and unskilled workers in rich countries and for workers in protected industries in poor countries. In addition, this important collection investigates the implications of globalization for the power of international corporations and for the sovereignty of poor countries. It also explores topics such as the history of globalization, migration, capital movements and international institutions.Trade Review‘I wholeheartedly recommend the collection by Collier and Gunning.’Table of ContentsContents: Volume I: What Has Happened? Acknowledgements Introduction Paul Collier and Jan Willem Gunning PART I HISTORY OF GLOBALIZATION 1. Robert E. Lucas, Jr. (2003), ‘The Industrial Revolution: Past and Future’ 2. Jeffrey G. Williamson (2005), ‘Winners and Losers Over Two Centuries of Globalization’ 3. Paul Collier and David Dollar (2002), ‘The New Wave of Globalization and its Economic Effects’ PART II IMPACT ON POVERTY AND INEQUALITY 4. Ravi Kanbur (2001), ‘Economic Policy, Distribution and Poverty: The Nature of Disagreements’ A Global Poverty 5. François Bourguignon and Christian Morrisson (2002), ‘Inequality Among World Citizens: 1820–1992’ 6. Martin Ravallion (2004), ‘Competing Concepts of Inequality in the Globalization Debate’ 7. Shaohua Chen and Martin Ravallion (2004), ‘How Have the World’s Poorest Fared Since the Early 1980s?’ B International Convergence or Divergence? 8. Lant Pritchett (1997), ‘Divergence, Big Time’ 9. Branko Milanovic (2002), ‘True World Income Distribution, 1988 and 1993: First Calculations Based on Household Surveys Alone’ C Regional Convergence or Divergence? 10. Dan Ben-David (1993), ‘Equalizing Exchange: Trade Liberalization and Income Convergence’ 11. Anthony J. Venables (2003), ‘Winners and Losers from Regional Integration Agreements’ D Domestic Inequality and Poverty 12. David Dollar and Aart Kraay (2002), ‘Growth is Good for the Poor’ 13. Martin Ravallion (2001), ‘Growth, Inequality and Poverty: Looking Beyond the Averages’ 14. Howard L.M. Nye and Sanjay G. Reddy (2002), ‘Dollar and Kraay on Trade, Growth and Poverty: A Critique’ 15. Edward Anderson (2005), ‘Openness and Equality in Developing Countries: A Review of Theory and Recent Evidence’ E Country Perspectives 16. Ravi Kanbur and Xiaobo Zhang (2005), ’Fifty Years of Regional Inequality in China: A Journey Through Central Planning, Reform, and Openness’ 17. Arvind Panagariya (2004), ‘India’s Trade Reform’ 18. Norman Loayza, Pablo Fajnzylber and César Caldéron (2005), ‘Economic Growth in Latin America and the Caribbean: Stylized Facts, Explanations and Forecasts’ 19. Paul Collier and Jan Willem Gunning (1999), ‘Why Has Africa Grown Slowly?’ Name Index Volume II: What Are the Channels of Transmission? Acknowledgements An introduction by the editors to all three volumes appears in Volume I 1. Howard Pack (1994), ‘Endogenous Growth Theory: Intellectual Appeal and Empirical Shortcomings’ 2. Mancur Olson, Jr. (1996), ‘Big Bills Left on the Sidewalk: Why Some Nations Are Rich, and Others Poor’ PART I TRADE IN GOODS 3. Paul Krugman and Anthony J. Venables (1995), ‘Globalization and the Inequality of Nations’ 4. Adrian Wood and Kersti Berge (1997), ‘Exporting Manufactures: Human Resources, Natural Resources and Trade Policy’ A Effect in Developing Countries 5. Francisco Rodríguez and Dani Rodrik (2000), ‘Trade Policy and Economic Growth: A Skeptics Guide to the Cross-National Evidence’ 6. Andrew Berg and Anne Krueger (2003), ‘Trade, Growth and Poverty – A Selective Survey’ 7. L. Alan Winters, Neil McCulloch and Andrew McKay (2004), ‘Trade Liberalization and Poverty: The Evidence So Far’ 8. Aart Kraay (1999), ‘Exports and Economic Performance: Evidence from a Panel of Chinese Enterprises’ 9. Arne Bigsten, Paul Collier, Stefan Dercon, Marcel Fafchamps, Bernard Gauthier, Jan Willem Gunning, Abena Oduro, Remco Oostendorp, Catherine Pattillo, Måns Söderbom, Francis Teal and Albert Zeufack (2004), ‘Do African Manufacturing Firms Learn from Exporting?’ B Effect in Developed Countries 10. Robert C. Feenstra and Gordon H. Hanson (1999), ‘The Impact of Outsourcing and High-Technology Capital on Wages: Estimates for the United States, 1979–1990’ PART II MIGRATION 11. Jeffrey G. Williamson (2004), The Political Economy of World Mass Migration: Comparing Two Global Centuries 12. L. Alan Winters, Terrie L. Walmsley, Zhen Kun Wang and Roman Grynberg (2003), ‘Liberalising Temporary Movement of Natural Persons: An Agenda for the Development Round’ 13. Maurice Schiff (2005), ‘Brain Gain: Claims About Its Size and Impact on Welfare and Growth Are Greatly Exaggerated’ PART III CAPITAL MOVEMENTS 14. Lemma W. Senbet (2001), ‘Global Financial Crisis: Implications for Africa’ 15. Barry Eichengreen, Ricardo Hausmann and Ugo Panizza (2003), ‘Currency Mismatches, Debt Intolerance, and Original Sin: Why They Are Not the Same and Why it Matters’ 16. Paul Collier, Anke Hoeffler and Catherine Pattillo (2001), ‘Flight Capital as a Portfolio Choice’ 17. E. Borensztein, J. De Gregorio and J.-W. Lee (1998), ‘How Does Direct Foreign Investment Affect Economic Growth?’ Name Index Volume III: Policy Responses Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I DOMESTIC 1. Dani Rodrik (1998), ‘Why Do More Open Economies Have Bigger Governments?’ PART II STANDARDS 2. T.N. Srinivasan (1996), ‘International Trade and Labor Standards From an Economic Perspective’ 3. Kathleen Beegle, Rajeev H. Dehejia and Roberta Gatti (2005), ‘Child Labour, and Agricultural Shocks’ 4. Drusilla K. Brown, Alan V. Deardorff and Robert M. Stern (2003), ‘The Effects of Multinational Production on Wages and Working Conditions in Developing Countries’ 5. Jagdish Bhagwati and T.N. Srinivasan (1996), ‘Trade and the Environment: Does Environmental Diversity Detract from the Case for Free Trade?’ PART III INTERNATIONAL INSTITUTIONS A Aid and Debt 6. Paul Collier and David Dollar (2002), ‘Aid Allocation and Poverty Reduction’ 7. Catherine Pattillo, Hélène Poirson and Luca Ricci (2004), ‘Through What Channels Does External Debt Affect Growth?’ 8. Seema Jayachandran and Michael Kremer (2006), ‘Odious Debt’ B IMF and Structural Adjustment 9. David E. Sahn and Stephen D. Younger (2004), ‘Growth and Poverty Reduction in Sub-Saharan Africa: Macroeconomic Adjustment and Beyond’ 10. Paul Collier and Jan Willem Gunning (1999), ‘The IMF’s Role in Structural Adjustment’ 11. Joseph E. Stiglitz (1999), ‘Beggar Thy-Self Versus Beggar-Thy-Neighbour Policies: The Dangers of Intellectual Incoherence in Addressing the Global Financial Crisis’ 12. Dani Rodrik (1998), ‘Who Needs Capital-Account Convertibility?’ C WTO 13. Paul Collier (2006), ‘Why the WTO is Deadlocked: And What Can Be Done About It’ 14. Michael Kremer (2002), ‘Pharmaceuticals and the Developing World’ D Global Public Goods 15. Scott Barrett (2003), ‘Global Disease Eradication’ 16. Sir Anthony B. Atkinson (2007), ‘Innovative Sources for Development Finance: Global Public Economics’ Name Index

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Book SynopsisAlthough the globalization of markets and the rapid growth in worldwide information technologies supports harmonization and integration between countries, substantial differences still exist throughout the world. Global Divergence in Trade, Money and Policy explores the disparities between a range of countries, arguing that their differences are a major factor in international tensions, and will remain a substantial problem for many decades to come. The book analyses the implications of disparities in the areas of economic power, institutional structures, per capita income, international trade, exchange rate systems, financial markets, monetary policy issues, the development of monetary unions and welfare. Case studies encompassing Asia, India, Greece, Mexico, the US and EU accession countries illustrate how differently the globalization process is regarded and valued by countries depending on their own particular circumstances. Exploring the role of different countries in the processes of globalization and shedding light on the issues surrounding economic divergences, this book will strongly appeal to economists with a special interest in globalization, development and international trade.Trade Review'. . . a wonderful book for those interested in issues of trade, finance and monetary integration, as well as in some peculiarities of the Mexican and US banking systems. It is also an excellent selection for upper-level or graduate courses in international economics and development, as it requires that the reader be familiar not only with theory, but also possess a decent mathematical background.' -- Carlos F. Liard-Muriente, Progress in Development StudiesTable of ContentsContents: Preface The Athenian Policy Forum Introduction PART ONE: PROBLEMS OF INTERNATIONAL TRADE 1. Currency Misalignments and Trade Asymmetries Among Major Economic Areas Dominick Salvatore 2. Free Trade and Poverty Fernando A. Noriega-Ureña PART TWO: EXCHANGE RATE ASPECTS AND FINANCIAL MARKETS 3. The East Asian Dollar Standard, Fear of Floating, and Original Sin Ronald McKinnon and Gunther Schnabl 4. Integration and Convergence of Financial Markets in the European Union Bala Batavia, Parameswar Nandakumar and Cheick Wagué PART THREE: ASYMMETRIES IN BANKING SECTORS 5. Asymmetries in US Banking: The Role of Black-Owned Banks Nicholas A. Lash 6. The Extranjerización of the Mexican Banking Sector: Expectations and Results Carlos A. Rozo PART FOUR: MONETARY POLICY ISSUES 7. Asymmetries in Transatlantic Monetary Policy Relationship? ECB versus FED Ansgar Belke and Daniel Gros 8. Rethinking Monetary Stabilization in the Presence of an Asset Bubble: Should the Response be Symmetric or Asymmetric? Marc D. Hayford and A.G. Malliaris PART FIVE: ACCESSION COUNTRIES AND EMU 9. The Internationalization of the Euro: Trends, Challenges and Risks George Michalopoulos 10. Linkages in the Term Structures of the EU Accession Countries Minoas I. Koukouritakis and Leo Michelis Index

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Book SynopsisThis unique book 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 the international economic development literature and scrutinises some of the most important debates in contemporary economics. Brian Snowdon examines the many controversies relating to long-run growth and development, problems of transitions from socialism to capitalism, international competitiveness and the impacts of globalisation.To shed light on these critical issues Brian Snowdon interviewed eleven leading economists who are featured in this book: Daron Acemoglu, Alberto Alesina, Padma Desai, William Easterly, Stanley Fischer, Janos Kornai, Michael Porter, Dani Rodrik, Jeffrey Sachs, Xavier Sala-i-Martin and Jeffrey Williamson.Globalisation, Development and Transition provides an all-encompassing guide to the contemporary literature on economic development and related fields, as well as an extensive and up-to-date list of references. It will be an essential resource for all scholars and students of economics, especially those with an interest in economic growth and development, economic history, trade and globalisation, and the economics of transition.Trade Review'By reading this book, students should be able to grasp the historical background of current theory in development economics. The book provides useful supplementary reading for courses on development economics. Moreover, the comprehensive bibliography at the end is valuable not only for students, but also for researchers.' -- Hiroki Nogami, The Developing Economies'Brian Snowdon is a superb economist and chronicler who tells us about critical issues and principal players through insightful interviews that immediately command attention. He is the indispensable economist whom we can all read, and be both entertained and instructed.' -- Jagdish Bhagwati, Columbia University, US'This excellent volume can be read with pleasure and profit by everyone, whether novice or expert, who wants to understand the historical experience of economic growth.' -- Nick Crafts, University of Warwick, UK'These topics are of the utmost interest today to anyone concerned with the political and economic scene. Brian Snowdon has put together a set of conversations of the type he is already well known for, drawing out the key points from the key researchers in these areas. He has complemented these with an erudite but thoroughly accessible survey of each topic in the three opening chapters. Well done!' -- Patrick Minford, Cardiff University, UKTable of ContentsContents: Preface 1. The Fall and Rise of Globalisation 2. Economic Development in Historical Perspective 3. The Rise and Fall of the Socialist System and the Trials of Transition INTERVIEWS: Daron Acemoglu, Alberto Alesina, Padma Desai, William Easterly, Stanley Fischer, János Kornai, Michael Porter, Dani Rodrik, Jeffrey Sachs, Xavier Sala-i-Martin, Jeffrey Williamson Bibliography Index

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Book SynopsisScholars and policymakers have long been interested in the relationship between international institutions, foreign trade, and interstate conflict. This timely volume presents the most important published articles that address these crucial issues. The articles are organized into three parts. The first part presents and evaluates the core theoretical arguments about the linkage between foreign economic relations and political-military hostilities. The second part addresses the origins of various international institutions designed to influence global commerce, how these institutions operate, and the extent to which they shape the flow and content of overseas trade. The final part analyzes how economic disputes are settled within the World Trade Organization.Trade Review'This is an outstanding collection of the most important articles on trade, conflict, and the WTO. It will be a valuable tool for students and scholars alike.' -- David A. Baldwin, Princeton University, USTable of ContentsContents: Acknowledgements Introduction Marc L. Busch and Edward D. Mansfield PART I ECONOMIC INTERDEPENDENCE AND CONFLICT 1. Robert O. Keohane (1990), ‘International Liberalism Reconsidered’ 2. Kenneth N. Waltz (1970), ‘The Myth of National Interdependence’ 3. Barry Buzan (1984), ‘Economic Structure and International Security: The Limits of the Liberal Case’ 4. Edward D. Mansfield and Brian M. Pollins (2001), ‘The Study of Interdependence and Conflict: Recent Advances, Open Questions and Directions for Future Research’ 5. Solomon William Polachek (1980), ‘Conflict and Trade’ 6. John R. Oneal and Bruce Russett (1999), ‘The Kantian Peace: The Pacific Benefits of Democracy, Interdependence, and International Organizations, 1885–1992’ 7. Mark J. Gasiorowski (1986), ‘Economic Interdependence and International Conflict: Some Cross-National Evidence’ 8. Edward D. Mansfield and Jon C. Pevehouse (2000), ‘Trade Blocs, Trade Flows, and International Conflict’ 9. Erik Gartzke, Quan Li and Charles Boehmer (2001), ‘Investing in the Peace: Economic Interdependence and International Conflict’ PART II TRADE AND INSTITUTIONS 10. Kyle Bagwell, Petros C. Mavroidis and Robert W. Staiger (2002), ‘It’s a Question of Market Access’ 11. Andrew K. Rose (2003), ‘Do We Really Know That the WTO Increases Trade?’ 12. Judith L. Goldstein, Douglas Rivers and Michael Tomz (2007), ‘Institutions in International Relations: Understanding the Effects of the GATT and the WTO on World Trade’ 13. Edward D. Mansfield, Helen V. Milner and B. Peter Rosendorff (2002), ‘Why Democracies Cooperate More: Electoral Control and International Trade Agreements’ 14. Christina L. Davis (2004), ‘International Institutions and Issue Linkage: Building Support for Agricultural Trade Liberalization’ 15. Robert E. Hudec and James D. Southwick (1999), ‘Regionalism and WTO Rules: Problems in the Fine Art of Discriminating Fairly’ 16. Çaglar Özden and Eric Reinhardt (2005), ‘The Perversity of Preferences: GSP and Developing Country Trade Policies, 1976–2000’ 17. Bruce A. Blonigen and Chad P. Bown (2003), ‘Antidumping and Retaliation Threats’ PART III DISPUTE SETTLEMENT 18. Robert E. Hudec (1987), ‘“Transcending the Ostensible”: Some Reflections on the Nature of Litigation between Governments’ 19. B. Peter Rosendorff (2005), ‘Stability and Rigidity: Politics and Design of the WTO’s Dispute Settlement Procedure’ 20. Chad P. Bown (2004), ‘On the Economic Success of GATT/WTO Dispute Settlement’ 21. Marc L. Busch and Eric Reinhardt (2003), ‘Developing Countries and General Agreement on Tariffs and Trade/World Trade Organization Dispute Settlement’ 22. Andrew T. Guzman and Beth A. Simmons (2005), ‘Power Plays and Capacity Constraints: The Selection of Defendants in World Trade Organization Disputes’ 23. James McCall Smith (2003), ‘WTO Dispute Settlement: The Politics of Procedure in Appellate Body Rulings’ 24. Judith Goldstein and Lisa L. Martin (2000), ‘Legalization, Trade Liberalization, and Domestic Politics: A Cautionary Note’ Name Index

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Book SynopsisThe book reveals, for the first time, the origins, growth and complex role of the OECD as it celebrates its fiftieth anniversary, showing how it has adapted - for the most part successfully - to the changing needs of its members, both large and small. Peter Carroll and Aynsley Kellow provide a comprehensive account and analysis of the origins, development and, most intriguingly, the recent reforms that characterise the OECD. They argue that this increasingly complex organisation has fulfilled its design to be an adaptive, learning organisation and explore how the OECD has spread its wings beyond its European and North American roots to become an increasingly influential body in global governance. Topical chapters include the OECD's work on health and the environment, relations with international, intergovernmental organisations, the OECD's structure and also the key processes. This fascinating book will be warmly welcomed by academics, researchers and postgraduate students in a wide range of fields including international relations, international business, political science, public policy and public administration. Public servants in national departments and agencies - particularly those with significant international activities - will also find the book to be of great interest, as will professionals within international organisations such as IMF, World Bank, EU, UN and (of course) the OECD itself.Table of ContentsContents: 1. Introduction 2. The OECD Approaching 50 3. Key Processes: Peer Reviews, Roundtables and Budgets 4. The Origins of the OECD and its Development in the 1960s 5. The Quest for a More Active Role in the 1970s 6. The OECD in the 1980s: Changing Roles and Influence 7. The 1990s: New Challenges 8. A New Century 9. Accession and Policy Transfer 10. The OECD and Civil Society 11. The OECD and International Organisations 12. The OECD and the Environment 13. The Health-related Work of the OECD 14. Conclusion: An Evolving OECD Bibliography Index

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Book SynopsisThis book provides first-hand insights on the modern considerations governing official reserve holdings and investment in different asset classes. Tremendous growth of central bank reserves has led to an increased focus on raising returns in addition to the traditional preference central banks have for maintaining liquid portfolios. Leading experts from central banks, investment banks and the academic community elucidate on this and related issues.The expert contributors adopt a unique approach in their explicit linkage of the increased focus on return by central banks and the implications of new accounting rules (IFRS) for income recognition and profit distribution. They also address the welfare gains and costs of accumulating foreign exchange reserves and the implications for the functioning of the global financial system, as well as: asset and currency diversification changing reserve management practices in the face of steeply growing official reserve holdings new risk management techniques profit distribution agreements. Central Bank Reserve Management will prove a valuable information resource for researchers and academics with an interest in central banking issues and asset management, financial sector, government and central bank officials, and representatives of international financial institutions.Table of ContentsContents: Preface 1. Central Bank Reserve Management: Trends and Issues Age F.P. Bakker and Ingmar R.Y. van Herpt PART I: THE SIZE OF CENTRAL BANK RESERVES 2. Assessing the Benefits and Costs of Official Foreign Exchange Reserves Robert N. McCauley 3. The Politics and Micro-Economics of Global Imbalances Avinash Persaud 4. The Cost–Benefit Approach to Reserve Adequacy: The Case of Chile Esteban Jadresic 5. Foreign Reserve Adequacy from the Asian Perspective Hidehiko Sogano 6. Dealing with Reserve Accumulation: The Case of Korea Heung Sik Choo 7. Reserve Accumulation: A View from the United States Matthew Higgins PART II: RESERVE MANAGEMENT: RETURN VERSUS LIQUIDITY 8. Trends in Reserve Management by Central Banks Jennifer Johnson-Calari, Robert Grava and Adam Kobor 9. Implications of Growing Reserves of Central Banks for Asset Allocation Amy Yip 10. Setting the Strategic Benchmark Duration and Currency Allocation: A Developing Country Case Study Vinod Kumar Sharma 11. Observations on the Return versus Liquidity Debate: The Canadian Perspective Donna Howard 12. A European View on Return versus Liquidity Pentti Hakkaraïnen and Mika Pösö 13. The Composition of Central Bank Reserves: The Market Perspective Joachim Fels 14. Central Bank Risk Management: The Case of the Czech National Bank Ludek Niedermayer 15. Returns from Alpha and Beta: An Equilibrium Approach to Investing Robert Litterman 16. The Conservative Approach to Central Bank Reserve Management Hans-Helmut Kotz and Isabel Strauss-Kahn PART III: IMPLICATIONS FOR CENTRAL BANK BALANCE SHEETS 17. Central Bank Balance Sheets: Comparisons, Trends and Some Thoughts Francesco Papadia and Flemming Würtz 18. Governance Aspects of Central Bank Reserve Management Age F.P. Bakker 19. Too Much of a Good Thing: Reserve Accumulation and Volatility in Central Bank Balance Sheets Hervé Ferhani References Index

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Book SynopsisThe authors of this book argue that in order to meet the challenges of globalisation and promote their own economic welfare, governments need strong policy instruments that will enable them to take up a strategic role in selected policy arenas. They illustrate how this retooling of policymaking requires a rethinking of the form of government intervention and, especially, an emphasis on its modern developmental role.The book begins with chapters exploring theoretical issues such as: economic and political aspects of the state, the impact of government expenditure, the case for and against free trade, and neoclassical and Keynesian approaches to public finance. Succeeding chapters examine fiscal policy, development problems in the European Community, and the success of Japan, South Korea, Taiwan, Singapore and Hong Kong. The final chapters present the Developmental State argument not only as a coherent theory but more importantly as a realistic development policy framework. This will be an important reference text for students and scholars of public sector economics, public finance, East Asian studies, development studies and governance. Policymakers will also find the in-depth discussions a valuable tool.Trade Review'In Modern State Intervention in the Era of Globalisation, one in Edward Elgar's commendable series New Directions in Modern Economics, Nikolaos Karagiannis and Zagros Madjd-Sadjadi contribute handsomely to our understanding of the development of the modern state and its contemporary challenges and dilemmas. . . Karagiannis and Madjd-Sadjadi systematically lay out conceptual definitions, historical patterns and theoretical disputes which show, if nothing else, that the roots of current disagreements lie in the retrievable past and that when those roots are carefully examined, much contemporary squabbling over policies and practices can be contextualized and, in the unlikely event that good will can be found among the contestants, suitably put to rest.' -- Howard A. Doughty, The Innovation Journal'Globalisation has often been seen to spell the end of effective State action to improve economic performance. In this provocative book, Nikolaos Karagiannis and Zagros Madjd-Sadjadi strongly challenge that view, investigate the nature of State activities and use the idea of a developmental state to map out policies which can be effectively used in the present era.' -- Malcolm Sawyer, University of Leeds, UK'Nikolaos Karagiannis and Zagros Madjd-Sadjadi in this very interesting book on the economics of interdependence range widely from agricultural subsidies to comparative advantage, national sovereignty to global cooperation, political democracy to social welfare. Institutionalist and comparative in its economics, open and pragmatic in its recommendations, their book on a new world order is a stimulating reminder that the big issues of culture, intervention, cumulative causation and regional disparities remain as important and as relevant today as they were when Plato, Mun and List made collective action the centrepiece of the science of things.' -- David Reisman, Nanyang Technological University, Singapore and University of Surrey, UK'Modern State Intervention in the Era of Globalisation is a thoughtful and well-researched assessment of the evolving role of the state in the contemporary world economy. This work is provocative because it goes against the predominant arguments in favor of a minimal state, as commonly asserted by neoclassical economics. Instead, Karagiannis and Madjd-Sadjadi think "outside of the box" and produce both theoretical arguments and evidence from important cases such as the EU, Singapore and Hong Kong to support the idea of a viable and continuing role for the "Developmental State". The scholarship underlying this very readable book, which includes contemporary material as well as ancient economic thought, is truly impressive. Readers will be left with much to reconsider about the benefits of globalisation.' -- Patrick James, University of Southern California, USTable of ContentsContents: Preface Introduction Part I: Theoretical Issues 1. Economic and Political Aspects of the State 2. The Role of the State and Government Expenditure 3. Globalisation: Problem or Solution? 4. Why Free Trade isn’t Free – and Shouldn’t Be 5. Public Finance and Taxation Part II: Global Experiences 6. Fiscal Policy and the Case of EC/EU 7. EC/EU Problems and Government 8. The Experience of Japan, South Korea and Taiwan in Retrospect 9. A Tale of Two City-States: Singapore and Hong Kong Part III: Modern Policy 10. The Developmental State View 11. The Developmental State and the EC/EU 12. The Relevance of the Developmental State Today Bibliography Index

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Book SynopsisThis book explores the policy implications of growing pressures for economic adjustment in the agricultural sectors of developed countries. The primary focus is on Europe and North America, but adjustment policies in other developed countries are discussed. Some chapters are based on an international workshop at Imperial College, London in October 2003 and an international symposium in Philadelphia in the spring of 2004.Table of Contents1: Agricultural Adjustment and Policy Reform – Introduction, D Blandford and B Hill 2: Structural Change in European Agriculture, B Hill 3: Structural Change in U.S. Agriculture, J M MacDonald, R Hoppe, and D Banker, Department of Agriculture, Washington, USA 4: Pressures for Adjustment in the Agricultural Sectors of Developed Countries, D Blandford 5: Policy Reform & Adjustment in the European Union: Changes in the Common Agricultural Policy & Enlargement, P Bascou, P Londero & W Münch, Agriculture & Rural Development of the European Commission 6: Policy Reform & US Agricultural Adjustment Capacity, M Burfisher, US Naval Academy, K Hanson, US Department of Agriculture, J Hopkins, US House of Representatives, & A Somwaru, US Dep of Agriculture 7: Agricultural Policy Reform and Adjustment in Australia and New Zealand, D Harris, D N Harris & Associates, Melbourne, Australia, and A Rae, Massey University, New Zealand 8: The Swedish Agricultural Policy Reform of 1990, E Rabinowicz, Swedish University of Agricultural Sciences, Sweden 9: Agricultural Policy Reform and Structural Adjustment in Korea and Japan, H Kim, Seoul National University, Korea, and Y-K Lee, Yeungnam University, Korea 10: Policy Reform and Agricultural Adjustment in Transition Countries, J F M Swinnen, University of Leuven, Belgium 11: The Reform of Grain Transportation Policy and Transformation in Western Canadian Agriculture, D Doan, B Paddock, and J Dyer, Agriculture and Agri-food Canada 12: The U.S. Peanut Quota Buyout: Sectoral Adjustment to Policy Change Under the 2002 Farm Act, E Dohlman, L Hoffman, E Young and W McBride, United States Department of Agriculture, Washington, USA 13: What Affects Farmers’ Ability to Adjust: Evidence from the United States, J Hopkins, M Morehart and J Johnson, Department of Agriculture, Washington, USA 14: Differences in Farm Performance and Adjustment to Change: A Perspective from the Netherlands, K J Poppe and H van Meijl, Agricultural Research Institute (LEI), The Netherlands 15: Policies Affecting Resource Adjustment in Agriculture in the European Union, C Cahill, OECD Directorate for Food, Agriculture and Fisheries, France and B Hill 16: Policy for Agricultural Adjustment in the United States, D Blandford and R N Boisvert, Cornell University, USA 17: Adjustment Policy for Agriculture in Developed Countries, D Blandford and B Hill

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Book SynopsisThe purpose of this book is to analyze the effects of developed countries' agricultural policies on developing countries. The main focus is on food security, poverty and other topics such as multifunctionality, biotechnology and regional agreements, as an input to policy reform within the World Trade Organization (WTO) trade negotiations. The book arises from a joint project between the Food and Resource Economics Institute in Denmark and the International Food Policy Research Institute in Washington.Table of Contents1: Overview, E Diaz-Bonilla, Inter-American Development Bank, USA, S E Frandsen, Food and Resource Economic Institute, Denmark, and S Robinson, University of Sussex Falmer, UK 2: Review of the EU Common Agricultural Policy, S E Frandsen and A Walter-Jørgensen, Food and Resource Economic Institute, Denmark 3: The Common Agricultural Policy in an Enlarged Europe: Bright or Bleak Prospects for Africa, B Gersfelt and H G Jensen, Food and Resource Economic Institute, Denmark 4: U.S. Agricultural Policy: The 2002 Farm Bill and WTO Doha Round Proposals, D Orden, International Food Policy Research Institute, USA 5: The Effects of Domestic Agricultural Reforms and Market Access on Trade and Production in Less Developed Countries, S Robinson and K Thierfelder, US Naval Academy, USA 6: Potential Coalitions and Convergence in the Doha Round, K M Lind, Food and Resource Economic Institute, Denmark, and C Bjørnskov, Aarhus School of Business, Denmark 7: Assessing the Harbinson Draft on Modalities in the WTO Agriculture Negotiations, S E Frandsen, H G Jensen, K M Lind, P P Melgaard, and W Yu, Food and Resource Economic Institute, Denmark 8: Food Security and the World Trade Organization: A Typology of Countries, E Diaz-Bonilla, M Thomas, International Food Policy Research Institute, USA, S Robinson and A Cattaneo, Economic Research Service, USDA, USA 9: A Proposal for Combating Acute Food Shortages Based on Sub-Saharan Africa Needs, K M Lind 10: Thinking Inside the Boxes: Protection in the Development and Food Security Boxes Versus Investments in the Green Box, E Diaz-Bonilla, Z Diao, International Food Policy Research Institute, USA and S Robinson 11: That was then but this is now: Multifunctionality in Industry and Agriculture, E Diaz-Bonilla and J Tin, Washington, USA 12: Trade in Genetically Modified Food: Promises and Pitfalls for the Poor, C P Nielsen, Food and Resource Economic Institute, Denmark and K Theirfelder 13: Is the Everything But Arms Initiative the way to go for Least Developed Countries in the WTO Negotiations, W Yu, and T V Jensen, Ministry of Food, Agriculture and Fisheries, Denmark 14: New Regionalism in the Aftermath of Cancun: To the Benefit or Detriment of Developing Countries, C P Nielsen

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Book SynopsisAgri-food traditional, regional and typical products are an important resource for agricultural and rural development in many areas of the European Union. These Origin Labelled Products (OLPs) activate a complex system of relationships involving the local production and marketing and distribution systems, rural development dynamics and the consumer. Based on research conducted in European countries, this book provides an account of the current state of OLPs, enabling a better understanding of their characteristics and evolution in the agri-food system. It also assesses public policies at various levels and the effects of legal protection, financial support and public promotional initiatives on those involved, and consumers’ and citizens’ concerns and expectations.Table of Contents1: Introduction Part I: Research on Geographical Indications in Europe Chapter 1: Geographical Origin: A Complex Feature of Agro-Food Products Chapter 2: Legal Debates Surrounding Geographical Indications Chapter 3: Current Situation and Potential Development of Geographical Indications if Europe Chapter 4: Geographical Indications: Collective Organisation and Management Chapter 5: Geographical Indications, Consumers and Citizens Chapter 6: Origin Products, Geographical Indications and Rural Development Part II: Global Perspectives on Geographical Indications Chapter 7: Public Policies and Geographical Indications Chapter 8: Globalisation and Geographical Indications Chapter 9: Geographical Indications in the USA Chapter 10: Geographical Indications in Developing Countries I: Epilogue Appendix 1: Case Studies in Europe II: Introduction System I: Cherry of Lari (Italy) System II: L'Étivaz Cheese (Switzerland) System III: Cariñena Wine (Spain) System IV: Roquefort Cheese (France) System V: Salami Tipici Piacentini (Italy) System VI: Beacon Fell Traditional Lancashire Cheese (England) Appendix 2: PGI and PDO System Maps III: PGI Wine IV: PDO Wine V: PGI Foods VI: PDO Foods

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Book SynopsisExplores to what extent Africa's "rise" has impacted on development and whether the BRICS are creating a new version of dependency. Africa is said to be rising, turning a definitive page in its history, heralding new and exciting possibilities for the continent. This discourse maintains that with upsurge in economic growth comes improved governance and endogenous dynamics; that the emerging economies, and especially the BRICS (Brazil, Russia, India, China, South Africa), have been instrumental in diversifying Africa's international relations, perhaps leading to a radical change in theglobal order, favourable to the developing world. But to what extent is this true, and how deep and how broad has been the impact on society at large? This book takes a critical look at the prevalent Africa Rising discourse,and explores the nature and implications of Africa's "rise" and the role that the BRICS have played in it. The author argues that Africa has still to undergo any structural transformation; that there is strong evidence that deindustrialisation and jobless growth have accompanied the upsurge of interest in the continent; and that far from making a radical turn in its developmental trajectory, Africa is being pushed into the resource corner as commodity exporters, to the North (and now, the BRICS) with little scope for industrial progress or skills advancement. Hope that the BRICS might offer an alternative to the extant neoliberal order are misplaced, for the BRICS have a stake in maintaining the current global unequality. Africa must therefore fashion its own independent path - while the emerging economies will be important, relying on external actors may simply reproduce anew the current state of underdevelopment. Ian Taylor is Professor in International Relations and African Politics, University of St Andrews; Chair Professor, Renmin, University of China; Professor Extraordinary, University of Stellenbosch, South Africa; Honorary Professor, Institute of African Studies, Zhejiang Normal University, China; and a Visiting Scholar at Mbarara University of Science and Technology, Uganda.Trade ReviewFor scholars who enjoy the international lens and large-scale statistics to understand the economic health of a region, this book is a respectable addition to that conversation. It is also a refreshing examination and nod to the relevance of the relationships between countries in the global South. * AFRICAN STUDIES QUARTERLY *[A]n extremely detailed, thought-provoking and boldly argued synopsis, a provocative primer for those monitoring these twenty-first century dynamics. * INTERNATIONAL AFFAIRS *Africa Rising? is a fresh and well-argued book on Africa's changing international relations with the leading voices of the Global South. It is fundamental reading for a general public, and a 'must' for those who want to understand Africa's potential future. * JOURNAL OF MODERN AFRICAN STUDIES *For scholars who enjoy the international lens and large-scale statistics to understand the economic health of a region, this book is a respectable addition to that conversation. It is also a refreshing examination and nod to the relevance of the relationships between countries in the global South. * AFRICAN STUDIES QUARTERLY *Table of ContentsThe BRICS and 'Africa Rising' Brazil and Africa Russia and Africa India and Africa China and Africa "Africa Rising": Jobless Growth and Deindustrialisation Diversifying Dependency?

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Book SynopsisA uniquely detailed account of the dynamics of Afro-European trade in two states on the western Slave Coast over three centuries and the transition from slave trade to legitimate commerce. From 1550 to colonial partition in the mid-1880s, trade was key to Afro-European relations on the western Slave Coast (the coastal areas of modern Togo and parts of what are now Ghana and Benin). This book looks at the commercialrelations of two states which played a crucial role in the Atlantic slave trade as well as the trade in ivory and agricultural produce: Hula, known to European traders as Grand Popo (now in Benin) and Ge, known as Little Popo (nowin Togo). Situated between the Gold Coast to the west and the eastern Slave Coast to the east, this region was an important supplier of provisions for Europeans and the enslaved Africans they purchased. Also, due to its positionin the lagoon system, it facilitated communication along the coast between the trading companies' headquarters on the western Gold Coast and their factories on the eastern Slave Coast, particularly at Ouidah, the Slave Coast's major slave port. In the 19th century, when the trade at more established ports was disrupted by the men-of-war of the British anti-slave trade squadron, the western Slave Coast became a hot-spot of illegal slave trading. Providing a detailed reconstruction of political and commercial developments in the western Slave coast, including the transition from the slave trade to legitimate commerce, this book also reveals the region's position in the wider trans-Atlantic trade network and how cross-cultural partnerships were negotiated; the trade's impact on African coastal "middlemen" communities; and the relative importance of local and global factors for the history of a region or community. Silke Strickrodt is Visiting Research Fellow at the Department of African Studies and Anthropology at the University of Birmingham. She is co-editor (with Robin Law and Suzanne Schwarz) of Commercial Agriculture, the Slave Trade and Slavery in Atlantic Africa (James Currey, 2013).Table of ContentsIntroduction The regional setting The Atlantic connection: Little Popo and the rise of Afro-European trade, c.1600 to 1702 The era of the warrior kings, 1702 to 1772 The era of the traders, 1772 to c.1807 Disintegration and reconstitution: political developments, 1820s to 1870s From slaves to palm oil: Afro-European trade, c.1807 to 1870s Epilogue: The colonial partition and its consequences, 1870s to c.1900

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Book SynopsisFills an important gap in the study of Africa's international relations and its engagement with rising economies in the Global South. When Lula da Silva became President of Brazil in 2003 he declared Africa a priority of his country's ambitious global foreign policy. During his presidency, Brazil became one of the key emergent powers in Africa through strengthening political ties, development cooperation and trade with the continent. While, the Dilma and Temer presidencies had other political priorities, strong links with the continent continued to exist. The authors trace the longhistory of Brazil-Africa relations from the early 16th century and the slave trade, through their decline during European colonialism, their resurgence following many African countries' independence, fluctuations during Brazil's military rule in the 1960s and '70s, to the expansion of its interests under Lula and the first years under Dilma. Taking a broad range of perspectives, they examine: the way in which the rights of those of African descent have become increasingly recognized without having brought racial equality; the strengthening of bilateral and multilateral links with the continent and the growth of South-South cooperation; and Brazil-Africa relations in the South Atlantic context. The final chapter looks at the wider implications of the present political and economic crises for Brazil's future foreign policy in Africa, and the likely impact of new president Jair Bolsonaro elected in late 2018. Gerhard Seibert is Lecturer at the Universidade da Integração Internacional da Lusofonia Afro-Brasileira (UNILAB), Brazil; Paulo Fagundes Visentini is Historian and Full Professor of International Relations at the Universidade Federal do Rio Grande do Sul (UFRGS).Trade ReviewThis valuable book, with a blizzard of facts and figures, demonstrates that official Brazilian interest in Africa has been spasmodic, and has not truly represented the fact that at least 51 per cent of the population are of African descent. * THE ROUND TABLE *This book presents important contributions, * African Studies Review *Chronicling six decades of relations between a state actor on one side and a continent on the other is no easy feat, especially in the form of an edited volume of diverse disciplinary backgrounds. Editors Seibert and Visentini step up to the plate in the aptly named Brazil-Africa Relations: Historical Dimensions and Contemporary Engagements, From the 1960s to the Present. Amid the different levels of criticism and depths of analysis in its seven chapters, the book holds an impressive breadth of knowledge. -- Ana Beatriz Ribeiro * Austrian Journal of Development Studies *Table of ContentsIntroduction - Gerhard Seibert Brazil-Africa Relations from the sixteenth to the twentieth century - Gerhard Seibert Brazil-Africa Relations under Globalisation: From Adaption to Consolidation - Paulo Fagundes Visentini The Multilateral and Regional Dimension of Current Brazil-Africa Relations - Paulo Fagundes Visentini Brazil's Development and Financial Cooperation with African Countries - Gerhard Seibert The South Atlantic in the Framework of Brazil-Africa Relations - Analúcia Danilevicz Pereira Africa in Brazil: Slavery, Integration, Exclusion - Antónia Aparecida Quintão Brazil-Africa relations after Lula: Continuity Without Priority - Gerhard Seibert and Paulo Fagundes Visentini Conclusions - Paulo Fagundes Visentini Brazil-Africa Relations: A Chronology Bibliography

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Book SynopsisWhat macroeconomic requirements must Turkey meet in its quest to accede to the European Union? This book, with its distinguished contributors - well-known economists and policymakers - examines and analyses these macroeconomic challenges confronting Turkey. Although the focus is on the specific situation of Turkey, the lessons are informative for other candidate countries and the findings directly relevant to the process of European integration.The book is divided into four parts: fiscal policies and sustainability of public finances monetary policy challenges preconditions for euro adoption sustainable regimes of capital movements. Each topic is studied in two consecutive papers, concentrating first on the challenges faced by the countries of the EU, and then by Turkey. Several papers review the experiences from the previous round of EU accession and the implications of these for Turkey.Macroeconomic Policies for EU Accession will appeal to policymakers, bureaucrats and academics interested in the macroeconomic problems of EU accession and European integration.Table of ContentsContents: Preface Introduction Erdem Başçı, Sübidey Togan and Jürgen von Hagen 1. Opening Remarks Süreyya Serdengeçti and Anne O. Krueger 2. Fiscal Policies and Sustainability of Public Finances in the European Union Jürgen von Hagen Comments Taner M. Yiğit 3. Fiscal Policy Challenges, Sustainability of Public Finances and EU Accession: The Case of Turkey Graham C. Scott Comments Erdem Başçı 4. Monetary Policy in the Euro Area: Lessons from Five Years of the ECB and then Implications for Turkey Fabio Canova and Carlo Favero Comments Hakan Berument 5. Monetary Policy Challenges for Turkey in the European Union Accession Process Fatih Özatay Comments Ricardo Hausmann 6. Monetary and Fiscal Policy in Poland During EU Accession Lucjan T. Orlowski Comments Ali M. Kutan 7. Preconditions for a Successful Euro Adoption Paul De Grauwe Comments Ali Hakan Kara 8. Managing Capital Inflows: Eastern Europe in an Asian Mirror Barry Eichengreen and Omar Choudhry Comments Fatma Taşkın 9. Current Account Sustainability: The Case of Turkey Sübidey Togan and Hasan Ersel Comments Manfred J.M. Neumann 10. Macro Policy Challenges for Turkey: Some Comments Marco Buti, Max Watson, Pierre van der Haegen and Ricardo Hausmann 10.1 Growth and Stability During Convergence: Experiences of EU Member States Marco Buti and Max Watson 10.2 Macroeconomic Challenges for EU Accession: The Case of Turkey Pierre van der Haegen 10.3 Macro Policy Challenges for Turkey: Some Comments Ricardo Hausmann 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.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 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 SynopsisThe first East Asia Summit in 2005 prompted discussions of enlargement of ASEAN free trade agreements to include all major trading blocs and their regional and global implications. In this timely and original study, Tran Van Hoa and Charles Harvie explore the likely effects of new regional development.With more than half of the world's consumption and production market, well-defined trade agreements in Asia remain crucial to the economic growth and stability of the area. This book contains scholarly and well-researched contributions from internationally renowned experts from ASEAN, East and South Asia and Oceania who discuss this major new development and its impact on trade, investment, services, development, industry, poverty and economic relations. An important collection of new research, this volume will be used by economists, trade experts, academics, students, government advisers, policymakers and all those interested in these significant contemporary developments and their far-ranging implications in an enlarged Asia.Trade Review'The book provides a useful contribution on a region likely to attract increasing attention in future.' -- Benoit Rousseau Leduc, East Asian Integration Review'In this very readable contribution many of the region's superior minds have looked deeply into some of the most important trade issues facing Asia in the coming years.' -- From the foreword by Professor the Hon. Stephen Martin, Victoria University, AustraliaTable of ContentsContents: Foreword Stephen Martin PART I: REGIONAL ECONOMIC INTEGRATION ISSUES 1. Regional Trade Agreements in Asia: An Overview Tran Van Hoa and Charles Harvie 2. The WTO, Regional Trade Agreements and an Enlarged ASEAN Tran Van Hoa 3. Deep Integration in Regional Trading Agreements Peter Lloyd 4. China’s Global Competitiveness and Regional Trade and Investment Yanyun Zhao PART II: ECONOMIC, TRADE, INVESTMENT AND INTEGRATION ISSUES FOR ENLARGED ASEAN MEMBERS 5. India’s Poor and Gains from Trade with ASEAN Shovan Ray 6. Aspects of an Enlarged ASEAN: a Perspective from Thailand Apichai Puntasen, Wichada Lewnanonchai and Thanawan Rattanawarinchai 7. Agricultural Issues in an Enlarged ASEAN: The Case of Vietnam Nguyen Manh Hai and Tran Van Hoa 8. Prospects for an AFTA-CER Free Trade Agreement Charles Harvie PART III: MICRO, FINANCE, MANAGEMENT AND SECTORAL ISSUES IN AN ENLARGED ASEAN 9. SMEs in Regional Trade and Investment Development Charles Harvie 10. Asian Reserves and the Dollar: Issues in an Enlarged ASEAN Ashima Goyal 11. TRIPS-plus: Free Trade Agreements Jeopardizing Public Health in Developing Nations Prabodh Malhotra and Bhajan Grewal 12. The Micro-finance Movement in China: Lessons and Initiatives for an Enlarged ASEAN Enjiang Cheng 13. China’s Corporate Culture and Implications for Trade and Investment in the Asian Region Guirong Li and Xianfeng Wei PART IV: CONCLUSIONS AND PROSPECTS 14. Challenges and Opportunities from an Enlarged ASEAN Tran Van Hoa Index

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Book SynopsisThis volume is the first to provide a comprehensive analysis of the nine environmental and health disputes that have been adjudicated at the WTO since 1995. The investigation concludes that criticism of the WTO has been overstated and, surprisingly, nations do in fact retain sovereignty over environmental and health policy. The disputes explored suggest that the WTO has been able to balance trade, environmental and health objectives. The discussion illuminates the strengths and weaknesses of the dispute resolution process and closes with suggestions for improving it.The Impact of the WTO will appeal not only to academics, be they economists, lawyers, political scientists, and academic libraries, but also practitioners, policymakers, and members of consumer, environmental, and business organizations who follow the debates surrounding the WTO's influence on environmental and health regulations.Trade Review‘The Impact of the WTO is essential to any discussion involving the group and is highly recommended to economics and political science library collections.' -- Midwest Book Review'In this important contribution to the international trade literature, Kelly presents case studies of the nine environmental and health-related disputes settled by the WTO. . . no other publication surveys the important precedent-setting cases within the WTO dispute settlement system. . . All libraries with international trade collections will need this volume. Highly recommended.' -- R.M. Fulton, Choice'Kelly's exhaustively researched and highly informative discussion of the nine WTO disputes involving environmental protection and public health represents an important scholarly contribution. This book is the most detailed and sophisticated analysis of the role of the WTO's dispute mechanisms in addressing an increasingly important and highly controversial category of trade disputes.' -- David Vogel, University of California, Berkeley, US'Does the WTO favor trade at the expense of national sovereignty, the environment and public health, as the critics contend? Or is it a democratic institution that gives all countries a seat at the table for a feast of free trade? Trish Kelly's superb book, The Impact of the WTO is the first careful and comprehensive look at the actual environmental and health disputes adjudicated at the WTO to try to answer this question. Her answers are well-researched, objective and unlikely to fully satisfy either side in this sometimes raucous argument: Kelly concludes that, so far, the WTO has not sacrificed sovereignty, the environment and public health; but looking forward, the poorest countries need more assistance to have greater access to the dispute settlement mechanisms. She also shows that strong political action at the national level is necessary to protect public health and the environment. Though controversial, this book will provide the gold standard of careful analysis on these issues for the foreseeable future.' -- Gerald A. Epstein, University of Massachusetts Amherst, USTable of ContentsContents: 1. Introduction 2. Gasoline 3. Shrimp–turtle 4. Hormones 5. Asbestos 6. Salmon, Apples and Agricultural Products 7. Generic Drugs 8. GMOs 9. Conclusion Index

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Book SynopsisTrade and the environment has become a major issue in international relations, yet the surrounding debate remains polarised and hostile. This book answers the question: Can an international liability regime facilitate international trade while fostering environmental sustainability?On the one hand, the authors argue, international trade is perceived as a major threat to environmental sustainability, whilst on the other, trade and the economic development arising from it is seen as the prerequisite to stronger environmental protection. Nowhere is the debate more acrimonious than over trade in genetically modified organisms. The Biosafety Protocol has been negotiated to govern trade in genetically modified products and includes provisions for an international liability regime to facilitate trade - a subject that has been little studied. This valuable study explores the role, design and potential effectiveness of such a regulating body and addresses questions such as - what are the options for an international environmental liability regime? Why are some options unworkable? Is there a set of options that will achieve the dual goals of trade facilitation and environmental protection? Is international liability the best option for defusing the trade and environment debate?This illuminating book will be an essential read for scholars and students (senior undergraduate as well as postgraduate) of international trade policy, environmental economics, international politics and international law. Individuals working in international organizations, those employed by environmental NGOs and government policy makers will also find much to engage them within this book.Table of ContentsContents: Preface 1. Introduction to Issues in Trade and the Environment 2. An International Institution for Trade and the Environment 3. The Economics of International Liability 4. Options for International Liability Institutions 5. Designing an International Liability Regime for Biotechnology 6. Assessing an International Liability Regime for the Biosafety Protocol 7. Conclusions References Index

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Book SynopsisThis book discusses the impact of taxation on economic growth, employment, investment, consumption and the environment. The public finance literature commonly distinguishes between three major functions of taxation: the traditional function of raising revenue to finance government expenditure; the distributional function as an instrument to alter the distribution of income and wealth amongst households; and the regulatory function that uses taxation at the benefit of stabilization and other economic policies. Especially after the Second World War, OECD countries have increasingly used taxation to achieve a variety of economic and social objectives. Today many governments use the tax system to stimulate economic growth and employment. Fiscal measures also play a role in creating a favourable climate for business investment and to promote a long-term sustainable environmental policy. Currently, in the debate on global warming, the use of tax instruments to tackle climate change is on the top of the international agenda.The authors aim to provide the reader with the necessary empirical information, while at the same time presenting an overview of the latest theory and best practices. In doing so, many relevant policy issues are touched upon. Based on theoretical and empirical studies and practical experiences in OECD countries, the book establishes guidelines for effective tax policy. The book offers tools for tax design in a globalising economy and the world of the internet with increasing tax competition and a growing battle for companies and brains between countries. The book also presents a 'carrot and stick' model to promote clean technologies, reduce pollution and combat climate change. The message from the authors is straightforward: broad, low, simple, and a shift from income to consumption taxation. These principles are illustrated in a concept proposal for a so-called Second Life Tax system.Table of ContentsContents: Preface Introduction Part I: Principles of Taxation 1. Taxation and Economic Policy 2. The Design of Tax Systems Part II: Key Macroeconomic Variables 3. Taxes, Benefits and Labour Market Performance 4. Capital Markets, Investment and Taxation 5. Taxes on Consumption Part III: Knowledge-based Society and Economic Growth 6. Tax Incentives for Research and Development 7. Taxes and Human Capital Accumulation Part IV: Sustainable Development 8. Tax Competition 9. Greening Tax Systems Part V: Lessons for Tax Policy 10. Summary of Findings and Recommendations Appendices: A1. Economic Growth A2. Keynesian Economics A3. Microeconomic Topics in Commodity Taxation A4. The OECD Classification of Taxes A5. Revenue Statistics A6. Relevant Web Links References Index

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Book SynopsisThis thoroughly updated and revised edition of a widely acclaimed, classic text will be required reading for academics, policymakers and advanced students of international business worldwide. Employing a distinctive and unified framework, this book draws together research across a range of academic fields to offer a synthesis of the determinants of MNE activity, and its effects on the economic and social well-being of developed and developing countries. Unique to the new edition is its focus on the institutional underpinnings of the resources and capabilities of MNEs, and the role of MNE activity in transmitting and facilitating institutional change. Since the initial publication of this book more than a decade ago, the economic, managerial and social implications of globalisation and technological advancement have become even more varied and prominent. Accompanying these developments, there has been a rise in scholarly interest in interdisciplinary research addressing the important challenges of an ever-changing physical and human environment. Drawing on articles and books from international business and economics, as well as economic geography, political economy and strategic management, a systematic overview of the developments in scholarly thinking is presented, while also highlighting the emerging topical issues and methodologies.Trade Review'For many years to come this volume. . .is surely going to be the ultimate reference work on international business. . . thanks to Dunning and Lundan, have at their disposal, a wealth of relevant data, as well as theoretical and empirical analyses, which will enable them to assess the capabilities, contributions and challenges posed by the multinational enterprises to the global economy.' -- Seev Hirsch, International Business Review'Multinational Enterprises and the Global Economy has become a classic in international business. . . Yet , the book's second edition is even better than the first, in part because of Professor Dunning's wise decision to choose Dr Lundan as his co-author and to draw upon her deep knowledge of various strands of research on business-government relations and the societal effects of firm behaviour. . . In addition to being a remarkably useful reference book, Multinational Enterprises and the Global Economy is the first book any IB doctoral student should read to understand the significance and richness of IB scholarship as it has developed over the past 50 years.' -- Alain Verbeke, Journal of International Business Studies'The second edition of Multinational Enterprises and the Global Economy provides unparalleled coverage not only of the literature relevant to IB research but also of the evolution of IB in the world economy. Dunning and Lundan offer powerful insights into the societal effects of MNEs and the role of business-government relations in the IB context. -- Journal of International Business Studies'This wonderful book offers the definitive synthesis of the modern literature on the economic aspects of international business. It is encyclopedic yet full of incisive insights. It is a creative masterpiece which unbundles the DNA of the multinational enterprise and shows how it is the cornerstone of the field of international business.' -- Alan M. Rugman, University of Reading, UKTable of ContentsContents: Introduction to the Second Edition PART I: FACTS, THEORY AND HISTORY 1. Definitions and Sources of Data 2. The Extent and Pattern of Foreign Direct Investment 3. The Motives for Foreign Production 4. Theories of Foreign Direct Investment 5. The Determinants of MNE Activity: The OLI Paradigm Revisited 6. The Emergence and Maturing of International Production: An Historical Excursion PART II: INSIDE THE MULTINATIONAL ENTERPRISE 7. Entry and Expansion Strategies of MNEs 8. The Organisation of MNE Activity: The Internal Network 9. The Organisation of MNE Activity: The External Network PART III: THE IMPACT OF MNE ACTIVITY 10. FDI, Growth and Development 11. Technology and Innovatory Capacity: The Role of Firms 12. Technology and Innovatory Capacity: The Role of Government 13. Employment and Human Resource Development 14. The Balance of Payments and the Structure of Trade 15. Market Structure, Performance and Business Practices 16. Linkages, Spillovers and Clustering 17. Distribution of the Value Added Created by MNEs 18. Political, Cultural and Social Responsibility Issues PART IV: IMPLICATIONS FOR POLICY 19. Governments and MNE Activity: The Unilateral Response 20. Governments and MNE Activity: The Multilateral Response PART V: LOOKING AHEAD 21. The Future of MNEs in a Global Economy References Index

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Book SynopsisThe recent dramatic wave of terrorist attacks has further focussed worldwide attention on the money laundering phenomena. The objective of this book is to offer the first systematic analysis of the economics of money laundering and its connection with terrorism finance. The authors first present the general principles of money laundering. They go on to illustrate an institutional and empirical framework that is useful in evaluating the causes and effects of money laundering phenomena in the banking and financial markets. They also analyse the design of the national and international policies aimed at combating them.The book focuses on several crucial issues and offers an analysis of each, including: modelling the behaviour and process of making dirty money appear clean, hiding the originally criminal or illegal source of the economic activity demonstrating how the financing of terrorism resembles money laundering in some respects and differs from it in others explaining how the banking and financial industry can play a pivotal role for the development of the criminal sector as a preferential vehicle for money laundering showing how schemes of international economics and of tax competition can be applied to black finance issues, claiming that competition for criminal money can lead to a race to the bottom building up indicators of money laundering attractiveness among developed and emerging countries, with a particular attention on the role of the Offshore centres dealing with anti-money laundering and counter terrorism finance (AML-CTF) enforcement problems, with a focus on Europe and the USA. Black Finance will be a valuable and accessible tool for scholars and academics, principally in economics, though also in politics and law, as well as for regulators and supervisory institutions.All royalties from this book to go to The Collegiate Foundation for LifeTrade Review'The book represents an important contribution to the understanding of money laundering from an economics perspective which will be crucial in informing public policy. The economic analysis is rigorous and represents an important contribution to a more thorough understanding of the motivations and systemic effect of financial crime on the broader economy. I highly recommend the book.' -- Kern Alexander, University of Zurich, SwitzerlandTable of ContentsContents: Introduction PART ONE: MONEY LAUNDERING: PRINCIPLES 1. Economics: The Demand Side Donato Masciandaro 2. Economics: The Supply Side Donato Masciandaro 3. International Economics Brigitte Unger PART TWO: APPLIED MONEY LAUNDERING 4. Implementing Money Laundering Brigitte Unger 5. The Impact of Money Laundering Brigitte Unger PART THREE: ANTI-MONEY LAUNDERING 6. Domestic Money Laundering Enforcement Elöd Takáts 7. International Enforcement Issues Elöd Takáts References Index

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Book SynopsisThis book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions. For a long time the design of supervision had been an irrelevant issue, both in theory and practice. This perception changed dramatically in the mid-1990s, and over the past decade many countries have witnessed changes in the architecture of financial supervision. This book presents frameworks for analyzing the emerging supervisory architectures and sheds light on the different supervisory regimes, with a particular focus on the role of central banks. It takes a country-specific, comparative and empirical approach. Designing Financial Supervision Institutions will be an accessible reference tool for multidisciplinary scholars and academics (principally economics, but also politics and law), policymakers, regulators and supervisory institutions.All royalties from this book to go to the UK charity, NSPCC.Trade Review'This is a collection of essays written by eminent economists and policy studies scholars. . . this is a useful book in its presentation of empirical research to policymakers, lawyers and economists on a subject of immense interest and currency.' -- Jason Chuah, Journal of International Banking Law and Regulation'The volume is rich in information on the design of financial supervisory institutions around the globe, includes interesting analytical work and provides a structured discussion of the relevant policy issues. Researchers and policymakers in the field of financial regulation and supervision will find it useful.' -- SUERFTable of ContentsContents: Foreword Donato Masciandaro and Marc Quintyn Introduction Charles Goodhart PART I: INDEPENDENCE, ACCOUNTABILITY AND GOVERNANCE 1. Robust Regulators and their Political Masters: Independence and Accountability in Theory Marc Quintyn and Michael W. Taylor 2. Independence and Accountability in Supervision: General Principles and European Setting Lorenzo Bini Smaghi 3. The Fear of Freedom: Politicians and the Independence and Accountability of Financial Supervisors in Practice Marc Quintyn, Silvia Ramirez and Michael W. Taylor 4. Independence and Accountability: Why Politics Matters Jonathan Westrup 5. Governance in Banking Supervision: Theory and Practices Marco Arnone, Salim M. Darbar and Alessandro Gambini PART II: THE DESIGN OF FINANCIAL INSTITUTIONS: CAUSES AND EFFECTS 6. Financial Supervision Architecture and Central Bank Independence Andreas Freytag and Donato Masciandaro 7. Architectures of Supervisory Authorities and Banking Supervision Marco Arnone and Alessandro Gambini 8. Experience with Integrated Supervisors: Governance and Quality of Supervision Martin Čihák and Richard Podpiera 9. Financial Supervisors: Alternative Models Giorgio Di Giorgio and Carmine Di Noia 10. Budgetary Governance of Banking Supervision: A Primer Donato Masciandaro, Maria Nieto and Henriëtte Prast PART III: IN SEARCH OF THEORETICAL UNDERPINNINGS 11. Bureaucrats or Politicians? Alberto Alesina and Guido Tabellini 12. Agency Problems in Banking Supervision Robert A. Eisenbeis Index

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Book SynopsisThis comprehensive and accessible book examines the evolution of the multilateral trade regime in the ever-changing global economic environment, particularly during the WTO era and the ongoing Doha Round. Professor Das explores how the creation of the multilateral trade regime, or the GATT/WTO system, has been fraught with difficulties. He describes the ways, by means of various rounds of negotiations, the multilateral trade regime has constantly adjusted itself to the new realities of the global economy. One glance at the recent history indicates that the evolution of the multilateral trade regime was far from even-handed and steady. The GATT/WTO system was repeatedly pushed to the brink of utter and ignominious disaster. Yet, as the author illustrates, the participating economies persevered. Consequently, the fabric of multilateral trade regime is stronger, its foundation deeper and its framework wider now than it was a generation ago. Unlike the GATT era, membership of the present trade regime is close to universal. The author concludes that of the two phases, the latter has turned out to be the more arduous, intricate and complex phase of evolution. Students and scholars of economics, international trade, international political economy and international relations will find this study of great interest. The definitions and explanations of terminology and advanced concepts make the book accessible to those without an extensive economic background.Trade Review'This book is useful for scholars and practitioners who did not follow the GATT/WTO negotiations and who desire to acquire a comprehensive background on the subject.' -- Mordechai E. Kreinin, Journal of Economic LiteratureTable of ContentsContents: Preface 1. Development, Developing Economies and the Multilateral Trade Regime 2. Necessity for a Development Round 3. Special Treatment and Policy Space for the Developing Economies in the Multilateral Trade Regime 4. The Fifth Ministerial Conference: The Wheels Come Off at Cancún 5. Enter the Developing Economies: Transforming the Landscape of the Multilateral Trade Regime 6. The Sixth Ministerial Conference: The Lean Hong Kong Harvest 7. The Doha Round: A Disenchanting Evolutionary Process Bibliography Index

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Book SynopsisMoney laundering is a problem of some magnitude internationally and has long term negative economic impacts. Brigitte Unger argues that today, money laundering is largely linked to fraud and that it is not only small islands and tax havens which launder, but increasingly, industrialized countries like the US, Australia, The Netherlands and the UK. Well established financial markets and growing economies with sound political and social structures attract launderers in the same way as they attract honest capital.The book gives an interdisciplinary overview of the state-of-the-art of money laundering as well as describing the legal problems of defining and fighting money laundering. It then goes on to present a number of economic models designed to measure money laundering and applies these to measuring the size of laundering in The Netherlands and Australia. The book also gives an overview of techniques and potential effects of money laundering identified and measured so far in the literature. It adds to this debate by calculating the effects of laundering on crime and economic growth.This book will be of great interest to lawyers, financial experts, economists, political scientists, as well as to government ministries, international and national organizations and central banks.Trade Review'. . . a comprehensive analysis that can be used by policy- and law-makers in their unremitting fight against money laundering.' -- Fadi Moghaizel, International Company and Commercial Law ReviewTable of ContentsContents: Foreword 1. Introduction 2. Defining Money Laundering with Elena Madalina Busuioc 3. Ways of Quantifying Money Laundering 4. Measuring Money Laundering for Australia and the Netherlands with Melissa Siegel and Joras Ferwerda 5. How Money is Being Laundered with Madalina Busuioc 6. Short Term Effects of Money Laundering 7. Long Term Effects of Money Laundering 8. Conclusions Bibliography Index

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Book SynopsisPolitical Institutions and Development challenges the cliche that 'good institutions' are essential for sustainable socio-economic development by focusing on the need to adapt potential solutions to local conditions. The authors argue that there is no one optimal institutional design that can be successfully applied to any country. The macro- and micro-level studies contained in this book demonstrate that institutions are highly context-dependent and time-sensitive and must be tailored to local conditions. Specifically, law and order, effective governance, ethnic sensitivity, a supporting political culture, civil rights, and individual opportunities to participate in decision-making are also necessary. With its global perspective, this book explores the relationship between political institutions and development from such diverse regions as the Commonwealth of Independent States, East and South Asia, and Latin America.This book will appeal to scholars and researchers in political science, economics, political economy, development studies and globalization. It will also find a wider audience amongst policymakers, development agencies and policy communities throughout the world.Table of ContentsContents: Introduction: What Matters for Institutions’ Effect on Development: Conditions and Qualifications Natalia Dinello and Vladimir Popov PART I: MACROPOLITICAL INSTITUTIONS: DEMOCRACY, FEDERALISM, DECENTRALIZATION AND ECONOMIC PERFORMANCE 1. Development and the Limits of Institutional Design Francis Fukuyama 2. Democracy and Poverty Reduction: Explorations on the Sen Conjecture Luca Barbone, Louise Cord, Katy Hull and Justin Sandefur 3. Democratization, Institutional Quality and Economic Growth Victor Polterovich and Vladimir Popov 4. Federalism and Political Centralization Ruben Enikolopov and Ekaterina Zhuravskaya 5. Democracy and State Effectiveness Shaoguang Wang PART II: PARTICIPATION AND GOVERNANCE AT THE LOCAL LEVEL: SUCCESSES AND FAILURES 6. Has Forest Co-management in Malawi Benefited the Poor? Charles B.L. Jumbe and Arild Angelsen 7. Participation and Joint Forest Management in Andhra Pradesh, India Bhagirath Behera and Stefanie Engel 8. Clientelism, Public Workfare and the Emergence of the Piqueteros in Argentina Lucas Ronconi and Ignacio Franceschelli Index

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Book SynopsisThis book explores the growing list of non-tariff trade barriers raised by the US, EU and Japan and assesses the prospects for significant trade liberalization. The author examines the liability of global free trade through a review of the complaints that these three countries raised about each other over a five-year period. He concludes that free trade may be increasingly hampered as barriers are created more rapidly than can be resolved, and that the prospects for significantly strengthening safeguards are limited.Trade Review'Limits to Free Trade ranges over a wide diversity of relevant issues ranging from international agreements, to regional trade policies, to import trade barriers, to movements for trade reforms. Informed, informative, and strongly recommended for academic library reference and resource collections, Limits to Free Trade is a model of detailed and articulate scholarship.' -- The Midwest Book ReviewTable of ContentsContents: 1. Dilemmas of Free Trade 2. International Agreements 3. Background to Trade Policy in the US 4. Issues Concerning US Trade Practices 5. Background to Trade Policy in the European Union 6. Issues Concerning EU Trade Practices 7. Background to Trade Policy in Japan 8. Issues Concerning Japanese Trade Practices 9. A Comparative Perspective 10. Prospects for Reform Index

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Book SynopsisThis important book offers valuable insights into the process of economic reform in developing countries. It is organized around three dimensions that are deemed critical to the success of reform programs. According to Nobel Laureate Amartya Sen, these key factors are Reach, Range, and Reason. 'Reach' refers to the ability of reform to be person-centered and evenhanded, reaching all individuals in society. 'Range' considers the institutional reforms and policy changes necessary to implement change and the possible ripple effects on other policies and populations. Finally, 'Reason' captures the importance of constantly asking why a particular reform has been selected. By analyzing the reform process from this particular perspective, the chapters in this book illustrate the success of this approach with specific examples prepared by authors from developing and transition countries and, in doing so, reveal the breadth of knowledge and home-grown expertise in the developing and transition world.Among academics, the book will appeal to those teaching courses in political economy, development studies, globalization, and public policy. It will also be of great interest to policy-oriented researchers and policymakers at international institutions, think tanks and policy research institutes, as well as at development agencies, ministries and departments.Table of ContentsContents: Foreword: The Three Rs of Reform by Amartya Sen Introduction by José María Fanelli and Lyn Squire PART I: REACH: PERSON-CENTERED, EVENHANDED 1. Economic Transition and Income Distribution in Hungary, 1987–2001 István György Tóth 2. Socioeconomic Vulnerability and Trade Liberalization: Cross-Country Evidence in Central and Eastern Europe Pierluigi Montalbano, Alessandro Federici, Carlo Pietrobelli and Umberto Triulzi 3. Market Failures in Human Development: The Intergenerational Poverty Trap in Mexico David Mayer-Foulkes PART II: RANGE: INSTITUTIONAL REFORM, POLICY CHANGE 4. Government Policies and FDI Inflows of Asian Developing Countries: Empirical Evidence Rashmi Banga 5. The Effect of Free-Trade Agreements on Foreign Direct Investment and Property Rights Protection Lorenza Martínez Trigueros and Roberto Romero Hidalgo 6. Attending School, Reading, Writing and Child Work in Rural Ethiopia Assefa Admassie and Arjun Singh Bedi PART III: REASON: STRATEGIES, NOT SLOGANS 7. Declining Primary School Enrollment in Kenya Arjun Singh Bedi, Paul K. Kimalu, Damiano Kulundu Manda and Nancy Nafula 8. Shock Therapy versus Gradualism Reconsidered: Lessons from Transition Economies Vladimir Popov 9. Enhancing Income Opportunities for the Rural Poor: The Benefits of Rural Roads Javier Escobal and Carmen Ponce 10. The Performance of State-Owned Enterprises and Newly Privatized Firms: Does Privatization Really Matter? Mohammed Omran Index

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Book SynopsisIn this important book, three of the leading authors in the field of international economic law discuss the law and economics of the three most frequently used contingent protection instruments: anti-dumping, countervailing measures, and safeguards. When discussing countervailing measures, the authors also discuss legal challenges against prohibited and/or actionable subsidies. The authors' choice is mandated by the fact that the effects of a subsidy cannot always be confined to the market of the WTO Member wishing to react against it. Assuming there are effects outside its market, an injured WTO Member can challenge the scheme as such before a WTO Panel. Taking the three agreements for granted as a starting point, the book provides comprehensive discussion of both the original contracts, and the case law that has substantially contributed to the understanding of these agreements.The agreements discussed by the authors provide generally worded disciplines on Members and leave a lot of discretion to the investigating authorities of such Members. A great number of the many questions that arise in the course of a domestic trade remedies investigation are not explicitly addressed in these agreements. In such a situation, the authors highlight the important role that the judge has to play. Much like domestic investigating authorities adopt a line which is either more liberal or more protectionist in the application of trade remedies, the WTO adjudicator on numerous occasions was faced with similar policy problems in applying the general rules to the facts of the case before them. The authors point out that the adjudicating bodies have insisted on the unfair character of dumping in order to substantiate their relatively deferential standard of review. In the anti-dumping / countervailing duties context, case law has generally emphasized the limited character of the obligations on investigating authorities. This implies that domestic investigating authorities, following the evolution of case law, are now facing a deferential standard of review when imposing anti-dumping and countervailing duties.The book offers a contrasting view of the Agreement on Safeguards, an instrument the use of which, according to the authors, could, in principle, be defensible: WTO Members will have extra incentives to make commitments within a flexible contract. Moreover, safeguards can, in their view, help ease the pressures from domestic lobbies by facilitating (sometimes necessary) adjustment costs. However, the case law is described by the authors as having adopted a rather inflexible stance, the end result of which is that no imposition of safeguards has survived the test of consistency with WTO law. They identify the apparent rationale for the case law as an over-insistence on what they label the highly uninformative fair/unfair trade distinction.The economic analysis employed by the authors would suggest that - in the light of the unsatisfactory nature of anti-dumping measures, contrasted with the positive incentives inherent in safeguards - ultimately one could envisage merging the three instruments of contingent protection into one new safeguards instrument. Equally, they argue, this economic approach, combined with legal doctrine, offers great insight into the current provisions, allowing them to be interpreted in a more coherent and meaningful manner.Trade Review'All three parts [of the book] are without question extremely detailed and thorough treatises of the three different instruments of contingent protection. The case "law" of the DSB as well as policy proposals put forward in the Doha Round are referred to and analysed extensively. Every part of the book is an excellent and very thoughtful work on the respective instrument and will be helpful for everyone working in the field.' -- Christoph Herrmann, Common Market Law Review'Although the legal landscape is littered with literature about the WTO, antidumping, safeguards, subsidies and countervailing measures, the missing piece has been a comprehensive text tying together the law and economics of these topics. Mavroidis, Messerlin and Wauters fill this gap. The authors form an unparalleled triumvirate who successfully draw on their complementary legal-economic experiences from policymaking, practitioner expertise and academic scholarship to comprehensively examine contingent protection. In a single book, they manage to explain the economics to the lawyers, the law to the economists, and the increasing importance of contingent protection policies to everyone.' -- Chad P. Bown, The World Bank, US'The new book by Petros Mavroidis, Patrick Messerlin and Jasper Wauters, The Law and Economics of Contingent Protection in the WTO, fills a gap in the international trade literature by providing a comprehensive, interdisciplinary (law and economics) treatment of three of the most arcane and least well-understood trade protection regimes permitted under the GATT/WTO, i.e., anti-dumping, countervailing duties, and safeguards. The authors expertly weave together both a comprehensive and rigorous analysis of the complex legal rules and case law with an economic critique of the law governing each of these three regimes. The book is a tour de force and will become the standard reference work for scholars, policy makers, and practitioners specializing in these areas.' -- Michael Trebilcock, University of Toronto, Canada'Trade barriers that are contingent on the existence of specific conditions - dumping by, or subsidization of, exporters, and injury of domestic firms - have historically been used intensively by many OECD countries and are now increasingly applied by developing countries. This volume provides an excellent discussion and accessible analysis of WTO rules on contingent protection and the rapidly expanding case law. The authors have done a major service to both legal practitioners and trade policy analysts with an interest in this area.' -- Bernard Hoekman, The World Bank, USTable of ContentsContents: PART I: ANTI-DUMPING 1. General introduction 2. Dumping 3. Injury and Causality Analysis 4. Procedural Obligations – The Tasks of the Domestic Investigating Authority 5. Conclusions PART II: SUBSIDIES 6. General Introduction to the Agreement on Subsidies and Countervailing Measures: ‘Thou Shall Not Subsidize’ 7. Conditions for Imposition of Countervailing Measures 8. Procedural Requirements Relevant to the Countervailing Duty Investigation 9. Counteracting Subsidies – A Two-track Approach 10. Thou Shall Not be Punished in Any Other Way 11. Special and Differential Treatment 12. Standard of Review 13. Concluding Remarks PART III: SAFEGUARDS 14. The Rationale for Safeguards 15. The Regulation of Safeguards in the WTO 16. Conclusions References Index

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Book SynopsisThis book, written by a lawyer and an economist both of whom have worked extensively in the field of international trade, offers a challenging and thought-provoking consideration of actions against dumping and export subsidies. Unlike many books in the field which simply set out the relevant international agreements and discuss their interpretation by various regulatory authorities, this book identifies numerous contradictions found in existing law and practice. Many of which, the authors argue, defy economic as well as legal logic. In light of their analysis, the authors propose a number of changes to current law and practice. Whilst they are under no illusion of the likelihood that such changes will occur in the relevant agreements in the near future, it is hoped that through compelling argument they can not only contribute to future debate, but also shape the way these issues are treated in practice.Providing a critical analysis of the commonly used trade measures against dumping and export subsidies, Anti-Dumping and Countervailing Action will be of international interest, especially to regulatory authorities, trade lawyers, trade economists and scholars and students in business schoolTrade Review'. . . a fine attempt to shed light on the legal rules that make antidumping and countervailing duty so controversial. Bentley, and experienced trade lawyer, and Silberston, a long-time professor of economics at Imperial College-London, team up to translate arcane and often incomprehensible legal rules into common sense language. Their book not a "how to" manual of how cases proceed, but rather a nontechnical review of many obscure but crucial concepts. The book's appeal is considerably widened by their frequent discussion on whether the rules make economic sense. . . . the approach taken in the book enlightens policymakers, practitioners, and academics on the perverse nature of antidumping and countervailing duty laws. . . . a fine addition to the bookshelf of any scholar interested in studying trade agreements and administered protection.' -- Thomas J. Prusa, Journal of Economic Literature'Philip Bentley and Aubrey Silberston provide a balanced treatment of a complex area of trade law - taking action against dumped or subsidized exports. They document in an accessible manner the many problems associated with current rules and practice and provide a practical set of recommendations to improve the administration of trade law in these areas.' -- Bernard Hoekman, Development Research Group, The World Bank'Written by a lawyer and an economist, both of whom have long experience and deep knowledge equally of theory and practice, this book offers a unique, objective and dispassionate analysis of anti-dumping and countervailing action from various aspects, not only what it is and how it is applied but also its problems and ambiguities - not least in a globalised and interdependent world where it is easy to do as much damage to one's own producers and consumers as to the apparent transgressor. Finally, some thoughts are offered as to what might be done to introduce greater rigour and discipline and to resolve the principal defects. A comprehensive guide to and review of this area of trade policy has long been needed; here it is. Trade policy practitioners, lawyers, students, and above all the negotiators should read it. Bentley and Silberston will be the standard work for some time to come.' -- Anthony Hutton, formerly Director-General for Trade Policy in the Department of Trade and Industry, London, UK'With their book Anti-Dumping and Countervailing Action Philip Bentley and Aubrey Silberston provide an eminent addition to the legal and economic literature on the subject of the appropriate use of anti-dumping and countervailing duties. Rather than offering a nuts and bolts how to book, the authors deliver a succinct and relatively non-technical overview of substantive concepts and problems inherent in the use of these commercial defence instruments that will appeal to experts and non-experts alike. While the book focuses on the WTO Anti-Dumping Agreement and its implementation in the EU and the United States, it offers valuable lessons for administrators and practitioners in other user countries also. One may not agree with all elements of their analysis - I, for one, would certainly not agree with their conclusion that pre-Uruguay Round zeroing made legal and economic sense - but their inter-disciplinary approach is thought-provoking and refreshing as well as timely in the middle of the EU reflection on the use of the anti-dumping instrument that EU Trade Commissioner Mandelson has launched.' -- Edwin Vermulst, partner Vermulst, Verhaeghe & Graafsma, Brussels, Belgium; editor Journal of World Trde and Global Trade and Customs Journal; author of the WTO Anti-Dumping Agreement (OUP 2006)Table of ContentsContents: Preface 1. Introduction 2. Anti-Dumping Principles 3. Anti-Subsidy and Countervailing Principles 4. Injury 5. Anti-Dumping Action – Problems Arising 6. Zeroing and the Full Degree of Dumping 7. Subsidies and Countervailing Action – Problems Arising 8. Public Policy Considerations 9. Anti-Dumping Action – Alternative Approaches 10. Conclusions and Recommendations Appendix 1. Article VI of the GATT 1947 Appendix 2. Agreement on Implementation of Article VI of GATT 1994 (AD Agreement) Appendix 3. Agreement on Subsidies and Countervailing Measures Appendix 4. List of Cases Index

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Book SynopsisThe evolution of China's market economy is one of the most important developments in the world economy in the twenty-first century. The diverse contributors to this book provide a unique set of essays that evaluate legal, regulatory, and economic aspects of China's transition from planned to market economy. While market-oriented policy reform in China has led to substantial growth and progress since the onset of the reform period in 1979, many challenges remain. This study begins with a general survey of China's transition to a market economy and is followed by more elaborate analyses of specific sectors. The authors consider China's changing regulatory structure and the relationships of this structure to Chinese markets, developments in markets for goods, services, and production factors, changing trade patterns, and the determinants of foreign direct investment and its role in overall capital formation. They provide a comprehensive assessment of market reforms in China. In-depth yet accessible, the book will be of great value to policy makers, business planners, students and researchers concerned with China, as well as those interested in the world economy at large.Trade Review'Belton Fleisher and his colleagues have edited a usefully wide-ranging book on economic policy reform in China before the global crisis. Many excellent chapters provide lucid insights into the practical complexities of China's remarkable development path. . . this book has much to teach us. . .' -- Albert Keidel, The China Journal'The book is designed for use in a wide-range of studies on Chinese economic development, especially in market development, technology diffusion as well as education inequality. Each independent paper delivers a different research field, so it has a wide appeal. Students and scholars who are studying or conducting research on Chinese economic development will find this book of particular interest.' -- Jiandong Chen, Journal of the Asia Pacific EconomyTable of ContentsContents: Introduction 1. China’s Transition to the Market: Progress and Challenges Nicholas C. Hope and Lawrence J. Lau 2. Impact and Significance of State-Owned Enterprise Restructuring in China Ross Garnaut, Ligang Song and Yang Yao 3. Antitrust in China 2006: The Problem of Incentive Compatibility Bruce M. Owen, Su Sun and Wentong Zheng 4. Property Rights and ‘Original Sin’ in China: Transaction Costs, Wealth Creation and Property Rights Infrastructure Andrew Sheng, Geng Xiao and Yuan Wang 5. Corporate Governance and Property Rights Infrastructure: The Experiences of Hong Kong and Lessons for China Andrew Sheng, Geng Xiao and Yuan Wang 6. China’s Evolving Labor Market Belton M. Fleisher and Dennis Tao Yang 7. China’s Emerging Domestic Debt Markets Pieter Bottelier 8. Incremental Reform and Distortions in China’s Product and Factor Markets Xiaobo Zhang and Kong-Yam Tan 9. China’s Emergence as the Workshop of the World Will Martin and Vlad Manole 10. China’s Emergence, Real Exchange Rates and Implications for East Asian Regional Trade and Growth David Roland-Holst 11. The Chinese Approach to Capital Inflows: Patterns and Possible Explanations Eswar S. Prasad and Shang-Jin Wei 12. Foreign Direct Investment in China and East Asia Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka and Alan Siu Index

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Book SynopsisWhere do new multinationals come from? How do firms in developing economies become global players? Gita Sud de Surie provides new perspectives on internationalization and the multinational corporation by focusing on firms in emerging markets rather than established multinationals in industrialized economies. She shows that firms in developing countries are not passive recipients of technology; rather, the attempt to absorb new technologies builds capabilities and generates new aspirations propelling them from being adopters of technology to innovators and participants in the global knowledge economy.Knowledge, Organizational Evolution, and Market Creation documents the emergence of the Indian multinational by looking at data from firms in the 'old' economy, such as those in manufacturing, steel-making, automotive components and heavy machinery and the 'new economy' such as software and biotechnology. The author provides insights on knowledge transfer, innovation and capability building processes through in-depth case studies in these industries and suggests that both entrepreneurship and distributed innovation are critical for the growth of firms globally. This book will be valuable for scholars in international management, business policy and strategy, organization and management theory, economic sociology and history and technology and innovation management. Analysts, consultants and executives will find many useful insights in this book as well.Trade Review'[Knowledge, Organizational Evolution, and Market Creation] presents an integrative framework for understanding organizational change in emerging economies. . . the book distills a tremendous amount of research relevant for understanding the culture of business in India. . . This book is important for its contribution to the literature on the rise of Indian business and economy. It has a wide reaching theoretical scope and makes significant linkages with cognitive, behavioral and cultural theories. . . Ms. Surie's research on Indian firms thus presents a rare glimpse into the organizational and economic forces that are globalizing Indian industry from steel to software.' -- Dinesh Sharma, Far Eastern Economic Review'An astute study that especially focuses on the invaluable qualities of entrepreneurship and distributive innovation. . . . Exhaustively researched, and featuring appendices packed with additional tables and statistics of hard data, Knowledge, Organizational Evolution, and Market Creation is especially recommended for college library business and economic studies shelves.' -- - Midwest Book Review - The Economics Shelf'India has become a global economic powerhouse and Sud de Surie offers in this book the first systematic analysis of the global spread of Indian businesses. She skillfully maps the foreign expansion of Indian firms in five different industries, from steel, automotive components and machinery to software and biotechnology, showing that economic, political and cultural factors need to be present in order for companies to internationalize successfully. This book sets a new standard for research on international business. It is essential reading for those interested in the increasing role of emerging companies in global competition.' -- Mauro F. Guillen, University of Pennsylvania, USTable of ContentsContents: Preface Foreword by Bruce Kogut 1. Introduction 2. Stages of Globalization: From Knowledge Transfer to Industrialized Innovation 3. Methods 4. Knowledge Transfer via Apprenticeship in Indian Manufacturing Firms: Stages I and II 5. Accelerating Innovation in Manufacturing – Architecting Complexity: Stage III 6. Industrializing Knowledge Production via Born Global Firms: Biotechnology and Software 7. From Paupers to Princes: The Emergence of the Indian Multinational Corporation Appendix A. A Note on the Indian Steel, Construction Equipment, and Auto-Component Industries Appendix B. Indian Software Industry: Historical Background Appendix C. Evolution of Biotechnology in India References Index

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