International economics Books

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 Synopsis Despite the consensus that economic diplomacy played a crucial role in ending the Cold War, very little research has been done on the economic diplomacy during the crucial decades of the 1970s and 1980s. This book fills the gap by exploring the complex interweaving of East–West political and economic diplomacies in the pursuit of détente. The focus on German chancellor Willy Brandt’s Ostpolitik reveals how its success was rooted in the usage of energy trade and high tech exchanges with the Soviet Union. His policies and visions are contrasted with those of U.S. President Richard Nixon and the Realpolitik of Henry Kissinger. The ultimate failure to coordinate these rivaling détente policies, and the resulting divide on how to deal with the Soviet Union, left NATO with an energy dilemma between American and European partners—one that has resurfaced in the 21st century with Russia’s politicization of energy trade. This book is essential for anyone interested in exploring the interface of international diplomacy, economic interest, and alliance cohesion.Trade Review “In both narrative and interpretation Lippert offers a persuasive story… it is a solid contribution to our understanding of a crucial part of Cold War history.” · Journal of Cold War Studies “Economic relations between Western countries and the Soviet Union during the 1970s are hardly researched. Werner Lippert has to be credited for tackling this deficit and writing a well researched and readable book that challenges conventional wisdoms and raises provocative points. Whereas East–West trade and economics have so far been at the far margins of most historiography of Ostpolitik, Lippert places it front and centre.” · European History Quarterly “The book addresses an important subject (‘détente’) and one in which there is considerable interest…It balances well politics, economics, and the personalities/mindsets of the principal figures (Brandt, Nixon, and Kissinger).” · Robert Mark Spaulding, University of North CarolinaTable of Contents Prelude Chapter 1. Détente, Trade, and the Alliance in the 1960s. Pro-American Ostpolitik – nothing but East-West trade Kennedy’s Use of East-West trade as a Political Tool The Busted Pipeline Deal of 1962 Johnson’s Ambivalence to East-West trade Brandt’s Ostpolitik is forming Chapter 2. Of Honeymoons and Idealism (1968-1970) Nixon’s Vision of a Responsible Europe Exploring Osthandel in 1968/9 Domestic and International Dissent to a new Osthandel Nixon’s concepts on East-West trade Initial Ostpolitik: Brandt’s Honeymoon Period The first Gas-Pipeline Deal The Inter–German Summit Meeting: The Rude Awakening The German-American Summit on >Ostpolitik in April 1970 Eastern Dilemmas with Détente Chapter 3. Westhandel and the Alliance (1970-1972) The Need for Soviet Westhandel Western Imports: The Kama River Plant Soviet Exports: Energy Resources The German Paradigm Shift of the Soviet Union towards a “Normal” State Using Westhandel as a Wedge in NATO Clashes within the Alliance over East-West Trade West Berlin, Trade, and the Eastern Treaties An Independent West-German Diplomacy? Chapter 4. The Origins of NATO’s Energy Dilemma (1972-1974) Superpower Détente Systemic Shifts in the Soviet Union Ostpolitik in the Crossfire The Brezhnev Summits in Germany and the U.S. Cementing Superpower Detente and the Middle East Crisis The Transatlantic Rift Emerges Reviving West European-Soviet Trade Chapter 5. Helsinki and the Fall of Détente (1975-1982) The Blessing and the Curse West Germany as the Villain Ford’s Lack of Direction Jimmy Carter’s Human Rights Campaign Afghanistan Crisis and Carter’s Embargo Reagan’s Push for Alliance Solidarity Conclusion: A Permanent Energy Dilemma for the West? Bibliography Notes

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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 SynopsisAn epic history of money, trade and development since 1933In 1933, Keynes reflected on the crisis of the Great Depression that arose from individualistic capitalism: 'It is not intelligent, it is not beautiful, it is not just, it is not virtuous - and it doesn't deliver the goods ... But when we wonder what to put in its place, we are extremely perplexed.' We are now in a similar state of perplexity, wondering how to respond to the economic problems of the world.Martin Daunton examines the changing balance over ninety years between economic nationalism and globalization, explaining why one economic order breaks down and how another one is built, in a wide-ranging history of the institutions and individuals who have managed the global economy. In 1933, the World Monetary and Economic Conference brought together the nations of the world: it failed. Trade and currency warfare led to economic nationalism and a turn from globalization that culminated in war. During the Second World War, a new economic order emerged - the embedded liberalism of Bretton Woods, the International Monetary Fund and the International Bank for Reconstruction and Development - and the post-war General Agreement on Tariffs and Trade. These institutions and their rules created a balance between domestic welfare and globalization, complemented by a social contract between labour, capital and the state to share the benefits of economic growth.Yet this embedded liberalism reflected the interests of the 'west' in the Cold War: in the 1970s, it faced collapse, caused by its internal weaknesses and the breakdown of the social contract, and was challenged by the Third World as a form of neo-colonialism. It was succeeded by neoliberalism, financialisation and hyper-globalization. In 2008, the global financial crash exposed the flaws of neoliberalism without leading to a fundamental change. Now, as leading nations are tackling the fall-out from Covid-19 and the threats of inflation, food security and the existential risk of climate change, Martin Daunton calls for a return to a globalization that benefits many of the world's poor and a fairer capitalism that delivers domestic welfare and equality.The Economic Government of the World is the first history to show how trade, international monetary relations, capital mobility and development impacted on and influenced each other. Martin Daunton places these economic relations in the geo-political context of the twentieth century, and considers the importance of economic ideas and of political ideology, of electoral calculations and institutional design. The book rests on extensive archival research to provide a powerful analysis of the origins of our current global crisis, and suggests how we might build a fairer international order.Trade ReviewThe Economic Government of the World is a tour de force. It lets us see the evolving architecture of global economic governance over the last hundred years - the various architects and the designs they favoured, the scaffolding going up (and down), the technicians responsible for fitting out the floors, and the cracks emerging in the walls and foundations. Both in terms of chronological scope and thematic range, I know of no book like it. It is a hugely ambitious and timely work. -- Frank Trentmann, author of EMPIRE OF THINGSMartin Daunton's history of global economic government is rigorous, engaging and astonishing in its range. It shows why any arrangement of the international economic system unavoidably involves political compromise - and concludes with a wise vision of "messy multilateralism" as a path out of our current crisis. A brilliant and important book. -- Sunil Amrith, author of UNRULY WATERSDaunton's magisterial history is an urgent reminder of the sources and dangers of economic and financial disorder, revealing the interconnections between trade, money, population and development and the hard-fought struggles of leading capitalist democracies to embed the lessons of the past in international institutions. With our world at a critical juncture, the book is a chilling reminder of the risks we face, while offering a positive vision of the way forward. -- Patricia Clavin, author of SECURING THE WORLD ECONOMY[A] capacious and timely history... Offering us a realistic assessment of what American-led governance of the world economy actually entails, Daunton's account is essential reading. Postheroic and disillusioned, this is a history for our times. -- Adam Tooze * Financial Times *This new book is a history of the institutions and individuals who sought to manage the global economy over the last century. It is a huge topic, and a big book – but readers need not be discouraged as Daunton makes the story accessible and absorbing, explaining how successive orders begin to fail, break down (often painfully) and then are hesitantly replaced, with the succeeding order modified and adapted to changing circumstances until it, too, begins to weaken. -- Jane Humphries * BBC History Magazine *powerful and comprehensive ... will doubtless prove to be a valuable resource for students ... This book is filled with walk-on characters and replete with delicious examples of how badly prominent historians,, economists and political scientists got things wrong -- Harold James * Literary Review *

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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 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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Book SynopsisFeaturing new findings and fresh insights from an international roster of labor economists, including such eminent authors as Morley Gunderson, Harry Holzer, and Paul Ryan, this book delves into a uniquely wide range of high-profile labor issues affecting youth in the US, Canada, Europe, and Japan - from declining job, wage, and training prospects to workplace health hazards, immigration, union activism, and new policy strategies. This widely accessible introduction to the latest research in the area presents original empirical economic studies in an engaging style.All may find something of interest in the host of controversial topics of lively public debate that are covered, including: youth unemployment, earnings mobility, racial/ethnic and gender inequalities, training quality and access, job hazards, health insurance coverage, immigration, minimum wage laws, union organizing, and global economic competition.Young Workers in the Global Economy is written in a clear and accessible style for a broad readership ranging from scholars and college students to employers, unions, career counselors, human resource professionals, vocational trainers, policy analysts, government officials, immigration and health care activists, as well as to the wider public concerned about the future of youth career prospects.Trade Review'This timely collection offers an analysis of youth employment in a global perspective. It examines five subject areas, ranging from current trends in labor markets through education levels of job seekers, workplace safety, immigration and strategic initiatives to deal with declining levels of employment. . . . it sets forth clear prescriptions for public policy. Recommended.' -- R.L. Hogler, Choice'. . . the volume is successful in reaching an always difficult equilibrium between scientific soundness, on the one hand, and fluency, on the other hand. . . the book is a highly enjoyable and engaging read also for a general audience interested in understanding the new dimensions of what has become a persistent affliction of many households in advanced economies.' -- Education Economics'This excellent collection addresses an important issue: Why young people in so many countries experience more unemployment and precariousness than previous generations, and what we can do about it.' -- Michael Reich, University of California, Berkeley, USTable of ContentsContents: Preface 1. Youth Employment: Crisis or Course Change? An Introduction Gregory DeFreitas PART I: CURRENT JOB TRENDS AND CHALLENGES 2. The Youth Labor Market Problem in Cross-Country Perspective Rebekka Christopoulou 3. Out of School, Out of Work, Out of Luck? Black Male Youth Joblessness in New York City Mark Levitan 4. Still With Us After All of These Years: Youth Labor Market Entry, Home-Leaving and Human Capital Accumulation in Italy, 1993–2003 Niall O’Higgins 5. Youth Employment in Japan after the 1990s Bubble Burst Naoki Mitani PART II: SCHOOL-TO-WORK TRANSITIONS 6. Youth Employment Problems and School-to-Work Institutions in Advance Economies Paul Ryan 7. Work and Non-Work Time Use of US College Students Lonnie M. Golden PART III: DYING FOR A JOB 8. Occupational Fatalities Among Young Workers Janice Windau 9. Falling Private Health Insurance Coverage Among Young Workers in the United States Niev J. Duffy PART IV: HOW DOES IMMIGRATION AFFECT AMERICAN YOUTH? 10. Immigration and Youth Employment: Recent Debates and Research Findings Gregory DeFreitas 11. Unauthorized Mexican Immigration and Youth Labor Market Outcomes in California in the 1990s Enrico A. Marcelli PART V: STRATEGIES FOR IMPROVING FUTURE JOB PROSPECTS 12. How Can We Improve Employment Outcomes for Young Black Men? Harry J. Holzer 13. Does Job Corps Training Boost the Labor Market Outcomes of Young Latinos? Alfonso Flores-Lagunes, Arturo Gonzalez and Todd Neumann 14. Have Young Workers Lost Their (Collective) Voice? Youth–Adult Preferences for Workplace Voice in Canada Michele Campolieti, Rafael Gomez and Morley Gunderson References Index

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Book SynopsisPresenting a blend of economics and law, this book provides unique insights as well as practical guidance for negotiators considering major issues on the agendas of bilateral and regional preferential trading agreements (PTAs).PTAs are currently proliferating. However, the existing economics literature provides little guidance for trade negotiators and analysts grappling with complex technical problems when negotiating PTAs. The authors use the Australia-China Free Trade Agreement as an illustrative case study to provide concrete insights into the political economy roots of disagreements and conflicts, and discuss the pros and cons of alternative formulations and approaches.This informative and insightful book would appeal to academic analysts, particularly those interested in the economic and legal aspects of international trade, and to those involved in negotiating international trade agreements. It would also be of great interest to trade negotiators and trade policy makers.Trade Review'International trade - which is just another name for international business - involves a tightly woven bundle of cross-border "movements". Firms that sell internationally need to move goods, services, investment, skilled personal and intellectual property across international boundaries. This reality means that today's FTAs are about a great deal more than tariffs. This book, which focuses on the proposed China-Australia FTA, provides a wondrous overview of what a modern bilateral trade agreement has to address. Its 12 chapters, written mostly by world-renowned experts, are succinct, up-to-date and highly informative. I recommend it to anyone interested in the new wave of FTAs in Asia and beyond.' -- Richard E. Baldwin, Graduate Institute, Geneva, Switzerland'Are Preferential Trading Agreements building blocks or stumbling blocks? Most economists are skeptical of their benefits, but politicians and bureaucrats evidently like them. This timely and rich contribution to the debate, by an eminent group of economists and lawyers, assesses the issues with reference to the Australia-China negotiations. Importantly, if we are in a second-best world, the authors show clearly how to at least minimise the negative impacts of PTAs. A must-read for policy makers, practitioners, business people and academics.' -- Hal Hill, The Australian National UniversityTable of ContentsContents: Preface PART I: INTRODUCTION AND OVERVIEW 1. Introduction Sisira Jayasuriya and Gary Magee 2. Review of International Experience: Ex Post Studies of Other PTAs and Implications for PTA Design Russell Hillberry 3. Multilateralism and FTAs: A Chinese Perspective on an Australia–China FTA Dashu Wang PART II: SECTOR-SPECIFIC ISSUES 4. Manufacturing Products and Related Issues in a Free Trade Agreement between China and Australia Neville Norman 5. Agriculture Donald MacLaren 6. Services in PTAs – Donuts or Holes? Philippa Dee and Christopher Findlay 7. Resources Sector and Foreign Investment Yinhua Mai and Philip Adams PART III: KEY ISSUES FACING FTA NEGOTIATORS 8. Intellectual Property in a Possible China–Australia Free Trade Agreement Kimberlee Weatherall 9. Rules of Origin Peter Lloyd and Donald MacLaren 10. Settlement of Disputes under Free Trade Agreements Jeff Waincymer 11. Safeguards, Anti-Dumping Actions and Countervailing Duties Martin Richardson 12. Ensuring Compliance between a Bilateral PTA and the WTO Andrew D. Mitchell and Nicolas J.S. Lockhart Index

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Book SynopsisO. Yul Kwon uses an institutional framework to provide a comprehensive evaluation of the environmental and operational dynamics of international business in South Korea from the rapid growth period 1963-1996, through recovery from the 1997 financial crisis, to the present.The study assesses that the South Korean market and business practices will maintain some sui generis characteristics because of the country's idiosyncratic culture and singular form of institutional development in the recent past. The book contains comprehensive analysis of macro-level topics (such as business opportunities, cultural influence, country risk and market configuration) and micro-level topics (including business negotiation, business ethics, management of international joint ventures and the management system).This book delivers a wealth of valuable information for a scholarly audience including undergraduate and postgraduate students and academics in international business, as well as for firms considering market entry into South Korea.Trade Review'This book is an important contribution to the international business literature because Kwon examines the institutional changes and reforms in Korea in a comparative way by discussing the issues before and after the 1997 East Asian financial crisis. The business world is going through a major transition. Global changes are happening on all business fronts from information technology to management processes. In this book, the author has used his rich professional background to present the evolution of international business in Korea. . . this book has much to offer to scholars, including undergraduate and postgraduate students, and those seeking to understand the Korean way of international business in considering market entry into South Korea.' -- Guldem Gokcek, Asian-Pacific Economic Literature'. . . the book is rich in information and clear in writing style. The book is highly recommended for anyone who cares about the business environment in Korea and for all those who are considering investing in Korea or entering the Korean market.' -- Semoon Chang, Pacific AffairsTable of ContentsContents: Preface Introduction Part I: The International Business Environment in Korea 1. Business Opportunities: Korea’s Economic Prospects 2. An Assessment of Political Risk of Korea: Inter-Korea Economic Relations, Politics and State–Business Relations 3. Korean Society and Culture in Transition 4. Configuration of the Korean Market in Transition 5. Foreign Direct Investment in Korea: Changes in the Regime and Prospects Part II: Business Operation and Management in Korea 6. Business Negotiation in Korea: Cross-Cultural Aspects 7. Business Ethics in Korea 8. The Korean Management System in Transition 9. Korea’s Labor Market and Human Resource Management in Transition 10. International Joint Ventures in Korea: Salient Characteristics and Management Index

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Book SynopsisThe globalization of market competition and business behaviour fosters globalization of cartels and monopolising mergers that can lead to abusive and predatory strategies. The globalization of competition therefore also demands an internationalization of competition policy. However, Oliver Budzinski is realistic in his assertion that supranational competition governance must be built upon the existing, predominantly national, regimes. The resulting multilevel system of antitrust institutions and authorities, he argues, is problematic for the horizontal and vertical allocation of competences. This book employs the economics of federalism to create an analytical framework which can be used for comparative analysis of stylised competence allocation rules. The result is a proposal for a sound international multilevel competition policy system that combines elements of both centralized and decentralized governance.This book provides an innovative and unique perspective on international competition policy and will be of interest to economists, legal scientists and competition authorities as well as academics and practitioners of international governance and international relations and politics.Trade Review'The book is a mandatory purchase for everyone interested in international competition law and for libraries that cater to a competition law audience.' -- Florian Wagner-von Papp, World Competition'. . . highly recommendable to anyone interested in international competition policy.' -- Arndt Christiansen, European Competition Law Review'This book provides a comprehensive and refreshing analysis of the competition issues raised by the globalisation of markets. It draws on a very wide range of economic and legal sources to assess the manifold proposals for controlling the competitive forces released by the freeing up of world markets. All those interested in these important and largely unresolved issues will find it an invaluable source of reference.' -- Michael A. Utton, University of Reading, UK and Dongbei University of Finance and Economics, Dalian, ChinaTable of ContentsContents: Foreword 1. Introduction 2. Globalisation of Competition and Business Structures 3. International Competition Policy between Decentralism and Centralism 4. Towards an International Multilevel System of Competition Policies 5. A Comparative Analysis of Different Rules for the Allocation and Delimitation of Competences 6. On the Appropriate Design of an International Multilevel Competition Policy System References Index

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