International economics Books

Book SynopsisMultinational enterprises (MNEs) invest in a variety of host economies, and closely interact with local businesses and society at large. This role has become the focus of policy debates of all sorts, as MNEs are seen as a primary conduit of globalization, thus spreading both its benefits and its negative side effects.This selection offers an interdisciplinary perspective on MNEs and host economies. Theoretical models are provided by economics research, yet some of the more subtle and complex forms of impact are hard to analyse using economics methodologies. A range of other disciplines such as management, sociology and ethics thus contribute to the discussion of these wider issues. The articles in this collection cover theoretical and empirical studies on the horizontal and vertical impact on local firms, to issues of labour standards and the natural environment, and normative issues.Trade Review‘A well designed and first rate collection of some of the most influential papers on the interaction between MNEs and the host countries in which they operate. In these two volumes, Professor Meyer has cleverly orchestrated most of the economic and social issues of interest and concern to scholars, business practitioners, governments, and civil society. These essays deserve the most serious attention by all those interested in the ever increasing role of MNEs and their subsidiaries in the global economy.’ -- The late John Dunning CBE, formerly of the University of Reading, UK and Rutgers, The State University of New Jersey, USTable of ContentsContents: Volume I Acknowledgements Introduction Klaus E. Meyer PART I OUTLINING THE ISSUES 1. Magnus Blomström and Ari Kokko (1998), ‘Multinational Corporations and Spillovers’ 2. Holger Görg and David Greenaway (2004), ‘Much Ado about Nothing? Do Domestic Firms Really Benefit from Foreign Direct Investment?’ 3. Klaus E. Meyer (2004), ‘Perspectives on Multinational Enterprises in Emerging Economies’ 4. John H. Dunning (2006), ‘Towards a New Paradigm of Development: Implications for the Determinants of International Business’ PART II THEORETICAL MODELS 5. Albert O. Hirschman (1958), ‘Interdependence and Industrialization’ 6. Ronald Findlay (1978), ‘Relative Backwardness, Direct Foreign Investment and the Transfer of Technology: A Simple Dynamic Model’ 7. Kiyoshi Kojima and Terutomo Ozawa (1984), ‘Micro- and Macro-economic Models of Direct Foreign Investment: Towards a Synthesis’ 8. Peter J. Buckley (1985), ‘The Economic Analysis of the Multinational Enterprise: Reading versus Japan?’ 9. Jian-Ye Wang and Magnus Blomström (1992), ‘Foreign Investment and Technology Transfer: A Simple Model’ 10. Andrés Rodríguez-Clare (1996), ‘Multinationals, Linkages, and Economic Development’ 11. Tommaso Perez (1997), ‘Multinational Enterprises and Technological Spillovers: An Evolutionary Model’ 12. James R. Markusen and Anthony J. Venables (1999), ‘Foreign Direct Investment as a Catalyst for Industrial Development’ 13. Paola Criscuolo and Rajneesh Narula (2008), ‘A Novel Approach to National Technological Accumulation and Absorptive Capacity: Aggregating Cohen and Levinthal’ PART III MACROECONOMIC EVIDENCE 14. V.N. Balasubramanyam, M. Salisu and David Sapsford (1996), ‘Foreign Direct Investment and Growth in EP and IS Countries’ 15. E. Borensztein, J. De Gregorio and J.-W. Lee (1998), ‘How does Foreign Direct Investment Affect Economic Growth?’ 16. Xiaoying Li and Xiaming Liu (2005), ‘Foreign Direct Investment and Economic Growth: An Increasingly Endogenous Relationship’ 17. Lai Mingyong, Peng Shuijun and Bao Qun (2006), ‘Technology Spillovers, Absorptive Capacity and Economic Growth’ PART IV PRODUCTIVITY SPILLOVERS: HORIZONTAL 18. Richard E. Caves (1974), ‘Multinational Firms, Competition, and Productivity in Host-country Markets’ 19. Magnus Blomström and Håkan Persson (1983), ‘Foreign Investment and Spillover Efficiency in an Underdeveloped Economy: Evidence from the Mexican Manufacturing Industry’ 20. Mona Haddad and Ann Harrison (1993), ‘Are There Positive Spillovers from Direct Foreign Investment? Evidence from Panel Data for Morocco’ 21. Brian J. Aitken and Ann E. Harrison (1999), ‘Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela’ 22. Xiaming Liu, Pamela Siler, Chengqi Wang and Yingqi Wei (2000), ‘Productivity Spillovers From Foreign Direct Investment: Evidence From UK Industry Level Panel Data’ 23. Holger Görg and Eric Strobl (2001), ‘Multinational Companies and Productivity Spillovers: A Meta-Analysis’ 24. Evis Sinani and Klaus E. Meyer (2004), ‘Spillovers of Technology Transfer from FDI: The Case of Estonia’ 25. Chengqi Wang and Li Yu (2007), ‘Do Spillover Benefits Grow with Rising Foreign Direct Investment? An Empirical Examination of the Case of China’ 26. Nigel Driffield and James H. Love (2007), ‘Linking FDI Motivation and Host Economy Productivity Effects: Conceptual and Empirical Analysis’ PART V PRODUCTIVITY SPILLOVERS: VERTICAL 27. Sanjaya Lall (1980), ‘Vertical Inter-Firm Linkages in LDCs: An Empirical Study’ 28. René Belderbos, Giovanni Capannelli and Kyoji Fukao (2001), ‘Backward Vertical Linkages of Foreign Manufacturing Affiliates: Evidence from Japanese Multinationals’ 29. Edmund R. Thompson (2002), ‘Clustering of Foreign Direct Investment and Enhanced Technology Transfer: Evidence from Hong Kong Garment Firms in China’ 30. Nigel Driffield, Max Munday and Annette Roberts (2002), ‘Foreign Direct Investment, Transactions Linkages, and the Performance of the Domestic Sector’ 31. Beata Smarzynska Javorcik (2004), ‘Does Foreign Direct Investment Increase the Productivity of Domestic Firms? In Search of Spillovers Through Backward Linkages’ Name Index Volume II Acknowledgements An introduction by the editor to both volumes appears in Volume I PART I LOCAL FIRMS: BEYOND PRODUCTIVITY SPILLOVERS 1. Irving Gershenberg (1987), ‘The Training and Spread of Managerial Know-How, a Comparative Analysis of Multinational and Other Firms in Kenya’ 2. Brian Aitken, Gordon H. Hanson and Ann E. Harrison (1997), ‘Spillovers, Foreign Investment, and Export Behavior’ 3. Murali Patibandla and Bent Petersen (2002), ‘Role of Transnational Corporations in the Evolution of a High-Tech Industry: The Case of India’s Software Industry’ 4. Holger Görg and Eric Strobl (2002), ‘Multinational Companies and Indigenous Development: An Empirical Analysis’ 5. David Greenaway, Nuno Sousa and Katharine Wakelin (2004), ‘Do Domestic Firms Learn to Export from Multinationals?’ PART II WAGES AND LABOUR STANDARDS 6. Brian Aitken, Ann Harrison and Robert E. Lipsey (1996), ‘Wages and Foreign Ownership: A Comparative Study of Mexico, Venezuela, and the United States’ 7. Eddy Lee (1997), ‘Globalization and Labour Standards: A Review of Issues’ 8. Debora Spar and David Yoffie (1999), ‘Multinational Enterprises and the Prospects for Justice’ 9. Stephen J. Frenkel and Duncan Scott (2002), ‘Compliance, Collaboration, and Codes of Labor Practice: The Adidas Connection’ 10. Nigel Driffield and Sourafel Girma (2003), ‘Regional Foreign Direct Investment and Wage Spillovers: Plant Level Evidence from the UK Electronics Industry’ PART III IMPACT IN THE NATURAL ENVIRONMENT 11. Thomas N. Gladwin and Ingo Walter (1976), ‘Multinational Enterprise, Social Responsiveness, and Pollution Control’ 12. Nick Mabey and Richard McNally (1998), ‘Foreign Direct Investment and the Environment: From Pollution Havens to Sustainable Development’ 13. Alan M. Rugman and Alain Verbeke (1998), ‘Corporate Strategy and International Environmental Policy’ 14. Lyuba Zarsky (1999), ‘Havens, Halos and Spaghetti: Untangling the Evidence about Foreign Direct Investment and the Environment’ 15. Petra Christman (2004), ‘Multinational Companies and the Natural Environment: Determinants of Global Environmental Policy Standardization’ 16. Beata Smarzynska Javorcik and Shang-Jin Wei (2004), ‘Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?’ 17. Jie He (2006), ‘Pollution Haven Hypothesis and Environmental Impacts of Foreign Direct Investment: The Case of Industrial Emission of Sulfur Dioxide (SO2) in Chinese Provinces’ PART IV NORMATIVE ISSUES 18. Milton Friedman (1970), ‘The Social Responsibility of Business is to Increase its Profits’ 19. Andreas Georg Scherer and Marc Smid (2000), ‘The Downward Spiral and the US Model Business Principles – Why MNEs Should Take Responsibility for the Improvement of World-Wide Social and Environmental Conditions’ 20. Laura P. Hartman, Bill Shaw and Rodney Stevenson (2003), ‘Exploring the Ethics and Economics of Global Labor Standards: A Challenge to Integrated Social Contract Theory’ 21. Marc Orlitzky, Frank L. Schmidt and Sara L. Rynes (2003), ‘Corporate Social and Financial Performance: A Meta-Analysis’ 22. Denis G. Arnold (2003), ‘Philosophical Foundations: Moral Reasoning, Human Rights, and Global Labor Practices’ 23. Farzad Rafi Khan (2004), ‘Hard Times Recalled: The Child Labour Controversy in Pakistan’s Soccer Ball Industry’ 24. Jedrzej George Frynas (2005), ‘The False Developmental Promise of Corporate Social Responsibility: Evidence from Multinational Oil Companies’ 25. Chuck C.Y. Kwok and Solomon Tadesse (2006), ‘The MNC as an Agent of Change for Host-Country Institutions: FDI and Corruption’ Name Index

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Book SynopsisThis study forms an entirely new area of research on Small Island Tourism Economies (SITEs). It addresses the importance of uncertainty in monthly international tourist arrivals and country risk indicators to the macroeconomy. Conditional volatilities are estimated for international tourist arrivals, and an economic interpretation from the estimated results is provided. In achieving these two objectives, this work presents an extensive assessment of the important characteristics and the impact of tourism in SITEs in relation to their gross domestic product, balance of payments, employment and foreign direct investment, among other factors. This book is unique in giving emphasis to macroeconomic implications rather than an industry focus.The Economics of Small Island Tourism will appeal to academics at the undergraduate and postgraduate levels involved in environmental and tourism management as well as tourism economics.Table of ContentsContents: Foreword by Matteo Manera 1. Introduction 2. Salient Features of Small Island Tourism Economies 3. A Survey of Empirical Analysis in Tourism Demand 4. Economic Profiles, Tourism Composition and Trends in Country Risk in Small Island Tourism Economies 5. Models of Symmetric and Asymmetric Conditional Volatility: Structure, Asymptotic Theory and Applications to Tourism Demand 6. Modelling Uncertainty in International Tourist Arrivals to Maldives 7. Modelling Country Risk and Volatility in Small Island Tourism Economies 8. Conclusion 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 SynopsisThis collection of essays from leading academics examines the connection between the World Trade Organization (WTO) and human rights issues, a topic which has provoked significant debate, particularly in the decade since the collapsed WTO talks in Seattle in 1999. The editors argue that a true appreciation of the salient issues requires consideration of disciplines beyond the law, such as economics, political science and philosophy. This book builds on previous trade/human rights projects by adding that interdisciplinary dimension.Bringing together trade scholars and human rights scholars from legal and interdisciplinary perspectives, The World Trade Organization and Human Rights will be an invaluable research tool for international scholars in human rights and trade, NGOs in the development sector and human rights, trade organizations and trade practitioners.Trade Review'The book. . . is another example of a groundbreaking publication on this subject. It brings together a broad array of commentators from very different backgrounds. . . This book offers a wealth of ideas and material for the further deepening of this research agenda. It can be said without doubt that anybody who wants to participate in this discussion in the future in an informed way will have to have consulted this book.' -- Peter Hilpold, Archiv des Volkerrechts'This collection offers a timely and important analysis of some of the key controversies surrounding the WTO. The editors are to be particularly commended for bringing together scholars from a wide range of disciplines to shed new light on the subject of trade and human rights. Several of the chapters are likely to become classics in the field, and the volume in its entirety should be of great relevance to scholars and practitioners working in this challenging area. I can recommend it highly.' -- Amrita Narlikar, University of Cambridge, UK'The authors of this unique publication should be commended for providing a comprehensive interdisciplinary analysis of the new trade and human rights debate. Their most notable achievement is their capacity to clearly demarcate the main parameters of all the legal, social, human and economic dimensions of the interaction between trade liberalisation and the protection of human rights. Avant-guardiste and now fully aware of today's crises, the authors greatly assist readers in understanding the role that not only the WTO in particular, but also market opening and trade disciplines in general, play in the pursuit of enhanced human rights.' -- Gabrielle Marceau, World Trade Organization, Counsellor, Cabinet of the Director-General Pascal Lamy and University of Geneva, SwitzerlandTable of ContentsContents: Preface 1. The Trade and Human Rights Debate: Introduction to an Interdisciplinary Analysis Jeff Waincymer 2. Beyond the Divide: The International Covenant on Economic, Social and Political Rights and the World Trade Organization Robert Howse and Ruti G. Teitel 3. International Trade Law, Human Rights and the Customary International Law Rules on Treaty Interpretation Ernst-Ulrich Petersmann 4. Globalisation and Human Rights: An Economist’s Perspective Pranab Bardhan 5. Resources, Rules and International Political Economy: The Politics of Development in the WTO Kenneth C. Shadlen 6. International Economic Justice: Is a Principled Liberalism Possible? Patrick Emerton 7. Inter-regime Encounters Andrew T.F. Lang 8. Games within Fragmentation: The Convention on the Protection and Promotion of the Diversity of Cultural Expressions Hélène Ruiz Fabri 9. Viet Nam, Human Rights and Trade: Implications of Viet Nam’s Accession to the WTO David Kinley, Hai Nguyen and Odette Murray 10. The WTO and Labor Rights: Strategies of Linkage Chantal Thomas 11. Public Opinion and the Interpretation of the World Trade Organisation’s Agreement on Sanitary and Phytosanitary Measures Caroline E. Foster 12. Democratic Deficit, Participation and the WTO Sarah Joseph 13. Energy Security, Economic Development and Climate Change: Carbon Markets and the WTO Graciela Chichilnisky 14. From Realpolitik of International Trade to the Geneva Consensus Shervin Majlessi Index

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

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Book SynopsisThis comprehensive analysis deals with the range of issues raised by the rise of transnational corporations from emerging markets. This insightful book shows that foreign direct investment (FDI) from emerging markets has grown from negligible amounts in the early 1980s to $210 billion in 2007, with the stock of investment now being well over $1 trillion. This reflects the rise of firms from these economies to become important players in the world FDI market. The contributors to this book comprehensively analyze the rise of emerging market TNCs, the salient features of the transnational activities of these firms, the relationship of outward FDI and the competitiveness of the firms involved, their impact on host and home countries and implications for the international law and policy system.The subject of this study is both topical and important and poses a number of challenges that will require considerable policy attention in the future. It will appeal to academics interested in FDI as well as emerging markets. Karl P. Sauvant has gathered together a group of leading academics that makes this an informative and valuable read for anyone interested in the subject, including academics, students at all levels and private sector entities, as well as government officials dealing with outward FDI.Trade Review'Having undertaken billions of FDI in many continents and nations, between Argentina and the PRC, I consider Dr Sauvant's book an eye-opener, a new page, showing us a new super highway. The OFDI volume of emerging markets today, surpassing the entire FDI volume of not even 20 years back, is a signal of success of the free market economy. It signals also the end of privileges for the Europeans. It reflects entrepreneurship at its best on the part of the fast developing nations of Asia. It shows that free access to know how and capital has permitted Asia to catch up at an unprecedented speed. Contrary to often repeated but wrong opinions, the poor of the world have benefited the most by globalization. A market place of unimaginable potential is under construction in the first half of the 21st century, accelerated by FDI. This book should find many readers, particularly among the political leaders of today and tomorrow.' -- Carl H. Hahn, Chairman Emeritus of Volkswagen AGTable of ContentsContents: Foreword Supachai Panitchpakdi Preface Emerson de Almeida, David M. Schizer and Yiping Zhou PART I: OVERVIEW 1. The Rise of TNCs from Emerging Markets: The Issues Karl P. Sauvant 2. The Rise of TNCs from Emerging Markets: The Global Context Jeffrey D. Sachs PART II: EXPLORING THE GROWTH AND PATTERN OF OUTWARD FDI FROM DEVELOPING COUNTRIES 3. The Rise of TNCs from Emerging Markets: Challenges Faced by Firms from India Ravi Kant 4. The Transnationalization of Supply Chain Management: The Experience of Brazilian Industrial Companies Paulo T.V. Resende and Alvaro Bruno Cyrino 5. Do Firms from Emerging Markets have to Invest Abroad? Outward FDI and the Competitiveness of Firms John Cantwell and Helena Barnard 6. How Global are TNCs from Emerging Markets? Alan Rugman 7. Explaining China’s Outward FDI: An Institutional Perspective Peter J. Buckley, Jeremy L. Clegg, Adam R. Cross, Hinrich Voss, Mark Rhodes and Ping Zheng 8. Old Wine in New Bottles: A Comparison of Emerging-Market TNCs Today and Developed-Country TNCs Thirty Years Ago John H. Dunning, Changsu Kim and Donghyun Park PART III: WHAT’S IN IT FOR HOST COUNTRIES? 9. Who’s Afraid of Emerging-Market TNCs? Or: Are Developing Countries Missing Something in the Globalization Debate? Andrea Goldstein 10. Corporate Governance of Emerging-Market TNCs: Why Does it Matter? Rainer Geiger 11. Are Emerging-Market TNCs Sensitive to Corporate Responsibility Issues? Carrie Hall PART IV: WHAT’S IN IT FOR HOME COUNTRIES AND THE INTERNATIONAL COMMUNITY? 12. Outward FDI and the Economic Performance of Emerging Markets Steven Globerman and Daniel M. Shapiro 13. What Policies Should Developing Country Governments Adopt Toward Outward FDI? Lessons from the Experience of Developed Countries Theodore H. Moran 14. Will Emerging Markets Change their Attitude Toward an International Investment Regime? Edward M. Graham 15. The Need for an Adequate International Framework for FDI Joseph E. Stiglitz PART V: CONCLUSION 16. The Rise of TNCs from Emerging Markets: Threat or Opportunity? Lorraine Eden 17. Outward Foreign Direct Investment from Emerging Markets: Annotated Bibliography Zenaida Hernández Index

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Book SynopsisSince China's accession to the WTO in 2001, the Chinese government's original strategy of progressively opening up to attract foreign investment has resulted in capital flowing out as fast as it comes in. This book discusses cross-border mergers and acquisitions (M&A) by Chinese companies, mainly to clarify their strategies and the effect of their M&A at an international level. Chien-Hsun Chen and Hui-Tzu Shih also explore the strategies and considerations of both Chinese and international companies - including those from Taiwan - who conduct M&A in China. This is an invaluable study on the acquisition and transfer of technology, branding and marketing channels within the context of competitive cooperation on development targets for foreign, Taiwanese and Chinese companies. Critical points of discussion include China's policy changes and Chinese companies as well as the M&A strategies of international companies in the Chinese marketplace.Mergers and Acquisitions in China will be a fascinating read for multinational enterprise managers, brokers, dealers and investors. The in-depth analysis will prove invaluable for scholars and researchers of business economics, international economics and Chinese studies.Table of ContentsContents: Preface 1. The Internationalization of Chinese Enterprises 2. China’s M&A and Legislative Environment 3. Analysis of Takeovers in China 4. Analysis of International Mergers and Acquisitions by Chinese Enterprises 5. The Effects of China’s Mergers and Acquisitions References Index

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Book SynopsisThe IMF, the World Bank and GATT/WTO have had to adapt to changing circumstances in the past 60 years as they guided the world economy to growing interdependence and prosperity. Now they face several simultaneous challenges. In this book, David Robertson discusses the rise of new economic players, including proliferating NGOs, self-promoting UN agencies and 'emerging' economies (such as Brazil, China and India), which call into question the management of G7 governments. This volume assesses the future of international economic relations as economic imbalances are exacerbated by these developments and by changing international alliances. The author also considers the interests of small developing countries, which are acting collectively to seek 'a place at the table', as well as more preferential treatment. International socialism has re-invented itself as 'participatory democracy', which is employed by 'civil society' to challenge inter-governmental agencies. The future of international economic integration will depend on how these developments affect trade, finance, aid and development policies.Providing a review of international economic relations, while taking account of political, environmental and social issues, this analytical assessment of anti-globalisation forces will be of interest to anyone concerned with international affairs.Trade Review'David Robertson does an excellent job identifying and analysing the various parties involved in shaping the international economy. . . Robertson provides an important insight into the costs of protectionist policies and the anti-globalisation movement.' -- Christopher J. Coyne, Economic Affairs'This volume must be read and recommended to the policy makers of developed and developing countries alike.' -- Global Business Review'In a world in which noisy anti-globalization groups get huge media attention, it is refreshing to read this more-measured analysis of the interface between international economics and politics, and of the positive role institutions such as the WTO can play to improve our lot.' -- Kym Anderson, The World Bank, US'David Robertson is an expert guide on the intricacies of international trade politics, the WTO, and so-called civil society. This valuable book incisively cuts through the rhetoric surrounding international trade and should be read by all who care about the future of the world trading system.' -- Douglas A. Irwin, Dartmouth College, USTable of ContentsContents: Preface 1. International Political Economy 2. Internationalism: In the Beginning. . . 3. Trade Relations 4. Trade and Development 5. The WTO and the Doha Round 6. The Regional Trade Alternative 7. Promoting Economic Development 8. Globalization and Civil Society 9. A System Under Siege 10. Economics and International Politics Index

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Book SynopsisThis Handbook provides state-of-the-art analysis by leading authors on the links between the international trade regime and health and environment concerns - concerns that make up an increasing proportion of WTO dispute settlement.Research Handbook on Environment, Health and the WTO surveys fields as diverse as climate change mitigation, non-communicable diseases, nanotechnology and public health care. The volume brings to the fore the debates and complexities surrounding these issues and their implications for the international trading system.The Handbook begins in Part I with a survey of general issues that sets a context for the more specific sectorial studies. Part II considers the most pressing issues within health regulation and trade law, whilst Part III is devoted to environmental regulation and its interface with trade law. Part IV looks specifically at aspects of the dispute settlement process and in particular standard of review, and the book concludes in Part V with a consideration of the impact of trade measures on the health and environment regimes of emerging economies.This comprehensive yet concise Handbook will appeal to academics and researchers in international trade law and environmental law, as well as trade law practitioners.Trade Review‘This edited collection extends beyond the trade and public health focus of this review, taking on broader issues including health and also the environment lato sensu. It offers an impressive array of contributions covering all the expected chapters on issues in trade law and health, and also more speculative contributions that are some of its true highlights. . . The Handbook also provides a genuine mix between broad brushstrokes pieces that take common themes in trade and present them in an original light, building on recent case law. . . Other contributions treat very specific issues that rarely get the attention they deserve.’ -- Gregory Messenger, Journal of International Economic Law‘This edited collection brings together an impressive array of authors from the world of international trade, the environment and public health. Each of them is eminently well-placed to bring their own particular expertise to bear on the issue at hand, and to do so in a knowledgeable and stimulating manner. This Research Handbook is a must for anyone interested in these overlapping fields of law and policy whether as a basis for learning or as a resource for further research.’ -- Mary Footer, University of Nottingham School of Law, UK‘This fantastic collection of essays explores the multiple intersections between trade and environment in the WTO. The contributions by leading scholars are theoretically engaged whilst practical in their focus. It is a “must read” for those concerned to ensure that trade liberalisation does not stand in the way of sustainable development, including urgently needed action to mitigate the risks and consequences of climate change.’ -- Joanne Scott, University College London, UK‘Geert Van Calster and Denise Prévost have managed to induce virtually all the great experts on health, environment and WTO law to contribute to their Research Handbook on these subjects. The result is undoubtedly an excellent volume that should adorn the bookcase of any and all interested in the important problem of the relation between international rule-making and regulatory autonomy of states in this area of international economic law.’ -- Pieter Jan Kuijper, University of Amsterdam, the NetherlandsTable of ContentsContents: Preface PART I: GENERAL ISSUES 1. The Precautionary Principle in Conflicts Law Perspectives Alexia Herwig and Christian Joerges 2. Regulatory Purpose in GATT Article III, TBT Article 2.1, the Subsidies Agreement, and Elsewhere: Hic et Ubique Donald H. Regan 3. Equivalence and Risk Regulation under the World Trade Organization’s SPS Agreement Marsha A. Echols 4. On the Efficiency of Health Measures and the ‘Appropriate Level of Protection’ Jeffrey Atik 5. The International Organization for Standardization: Private Voluntary Standards as Swords and Shields David A. Wirth 6. Law and Economics of the SPS Agreement: A Critical Perspective Alessandra Arcuri 7. Trade, Environment and Animal Welfare: Conditioning Trade in Goods and Services on Conduct in Another Country? Peter Morrison and Laura Nielsen PART II: HEALTH REGULATION AND TRADE LAW 8. TRIPs and Access to Essential Medicines Bryan Mercurio 9. Public Perception of Food Safety Risks under WTO Law: A Normative Perspective Alberto Alemanno 10. Pre-market Approval Systems and the SPS Agreement Tracey Epps 11. Scope of Application of the SPS Agreement: A Post-Biotech Analysis Jacqueline Peel 12. GATS and Public Health Care: Reflecting on an Uneasy Relationship Panagiotis Delimatsis 13. WTO Law and Risk Factors for Non-communicable Diseases: A Complex Relationship Tania Voon PART III: ENVIRONMENTAL REGULATION AND TRADE LAW Section 1. Climate Change Mitigation 14. International Trade and Climate Change Thomas Cottier and Nashina Shariff 15. Carbon Leakage Measures and Border Tax Adjustments under WTO Law Joost Pauwelyn 16. Challenges for Technology Transfer in the Climate Change Arena: What Interactions with the TRIPS Agreement? Dalindyebo Shabalala 17. Subsidies for Emissions Mitigation under WTO Law Luca Rubini 18. Emission Trading Systems and WTO Law: A Typology of Interactions Javier de Cendra de Larragán Section 2. Other than Climate Change 19. Trade in Environmental Goods, with Focus on Climate-friendly Goods and Technologies ZhongXiang Zhang 20. Emerging Technologies and the WTO: Comparing Biotechnology and Nanotechnology Regulations in the EU and the US Heike Baumüller PART IV: DISPUTE SETTLEMENT ISSUES 21. Standard of Review of Health and Environmental Regulations by WTO Panels Lukasz Gruszczynski PART V: EMERGING ECONOMIES AND HEALTH/ENVIRONMENTAL BARRIERS TO TRADE 22. The Impact of Sanitary and Phytosanitary Measures on India’s Exports and the Challenges/Opportunities of the SPS Agreement Kasturi Das Index

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Book SynopsisIncreasing numbers of free trade and economic partnership agreements have been concluded among many countries in East Asia, and economic integration has progressed rapidly on both a de facto and de jure basis. However, as the authors of this book argue, integration may intensify regional inequalities in East Asia and so this process has attracted much attention of late. Will it actually succeed in achieving greater economic growth or will it in fact cause growing regional disparity? This book presents a clear picture of East Asian integration, focusing on various aspects including: the structure of intra-regional trade industrial location patterns - especially of multinational enterprises the formation of industrial agglomeration the development of political and institutional frameworks for integration. Economic Integration in East Asia addresses these issues from the perspectives of both spatial and neoclassical economics. As the book highlights, if the regional disparities continue to grow, this may constitute a fatal obstacle to deepening integration and the growth potential of East Asia.With its focus firmly on recommendations for the future, this book will be of great interest to academics and researchers of development, Asian studies and economic geography as well as development specialists in government and international organizations involved in East Asian integration.Table of ContentsContents: Preface 1. Introduction Masahisa Fujita, Satoru Kumagai and Koji Nishikimi PART I: BASIC VIEWPOINTS ON EAST ASIAN ECONOMIC INTEGRATION 2. Regional Integration in East Asia: Perspectives of Spatial and Neoclassical Economics Masahisa Fujita and Nobuaki Hamaguchi 3. Specialization and Agglomeration Forces of Economic Integration Koji Nishikimi PART II: GENERAL VIEWS ON EAST ASIAN ECONOMIC INTEGRATION 4. Industrial Clustering and MNE Management in East Asia: Recent Progress and Prospects for the Asian Triangle Akifumi Kuchiki 5. Evolution of Institutions and Policies for Economic Integration in East Asia: History and Prospects Yoshihiro Otsuji and Kunihiko Shinoda 6. Economic Integration in Asia: European Pespectives Anthony J. Venables, L. Alan Winters and Linda Yueh PART III: CASE STUDIES OF EAST ASIAN ECONOMIC INTEGRATION 7. Structure and Determinants of Intra-Regional Trade in East Asia Satoru Kumagai 8. Location Choices of Korean MNEs in East Asia: Escaping the Nutcracker Ho Yeon Kim 9. Location Choices of Japanese MNEs in East Asia Toshitaka Gokan 10. Economic Opening and Industrial Agglomeration in China Zao Chen, Yu Jin and Ming Lu 11. The Home Market Effect in ASEAN Countries Ikumo Isono Index

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Book SynopsisIn the face of rapid development of the Korean economy, Korean trade laws and regulations have changed in many different ways over the last few decades. This comprehensive book introduces the laws and regulations affecting trade with Korea. Beginning with an introduction to the trading regime in Korea, and an overview of the basic trade laws and regulations, the expert contributors move on to cover specific topics in detail. They examine import/export measures (such as customs, rules on country of origin, import procedures, and export controls on strategic items) as well as trade remedies and trade in services. In addition, the book assesses the impact of competition laws on trade and concludes by considering the issues of foreign investment and FTAs. Written by Korean trade law scholars and practitioners with highly specialised knowledge, this authoritative book will be an invaluable guide for those needing practical knowledge of Korean trade law and systems, as well as researchers with an interest in the region or international trade with Korea.Contributors: D. Ahn, S.W. Chang, S.-H. Choi, W.-M. Choi, Y. Jung, J.B. Kim, J.-G. Kim, J. Lee, D.-Y. ParkTable of ContentsContents: Preface: Trade Laws and Regulations in Korea – Introduction and Overview Seung Wha Chang 1. Border Measures: Customs and Import-related Measures Deok-Young Park 2. The Export Control System Seung-Hwan Choi 3. Trade Remedy Laws and Regulations of Korea: Anti-dumping and Countervailing Measures Won-Mog Choi 4. Trade Laws and Regulations in Korea: Safeguard Measures Dukgeun Ahn 5. Laws on Trade in Services in Korea Joon-Gi Kim 6. International Interactions of Korean Competition Law Youngjin Jung 7. Increasing Interaction Between Investment and Trade in Korea Jaemin Lee 8. Korea’s Institutional Framework for FTA Negotiations and Administration: Tariffs and Rules of Origin Jong Bum Kim References Index

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Book SynopsisThis text presents the 'basic documents' on purchasing power parity theory and practice that will be useful to currency analysts, policymakers and scholars.Trade Review’. . . the compendium is worth reading by anyone who is interested in the understanding, history, importance and the empirical evidence of the ppp.’ -- Jan-Christoph Rülke, Jahrbucher fur Nationalokonomie und Statistik’The realignment of the dollar, the “true” value of the Chinese yuan, the expansion of the euro block, and the pricing of Big Macs around the world all relate to purchasing power parity. In short, never before has there been so much interest in the PPP theory of exchange rates and after a controversial history of ups and downs, the idea now seems here to stay. Manzur’s book presents in one convenient place the “basic documents” on PPP theory and practice that will be invaluable to currency analysts, policymakers and scholars everywhere.’ -- Kenneth W. Clements, The University of Western AustraliaTable of ContentsContents: Acknowledgements Introduction Meher Manzur and Felix Chan 1. Gustav Cassel (1916), ‘The Present Situation of The Foreign Exchanges’ 2. Gustav Cassel (1920), ‘Further Observations on the World’s Monetary Problem’ 3. Yihui Lan (2002), ‘The Explosion of Purchasing Power Parity’ 4. Bela Balassa (1964), ‘The Purchasing-Power Parity Doctrine: A Reappraisal’ 5. Paul A. Samuelson (1964), ‘Theoretical Notes on Trade Problems’ 6. Peter Isard (1977), ‘How Far Can We Push the “Law of One Price”?’ 7. Jacob A. Frenkel (1978), ‘Purchasing Power Parity: Doctrinal Perspective and Evidence from the 1920s’ 8. Michael Adler and Bruce Lehman (1983), ‘Deviations from Purchasing Power Parity in the Long Run’ 9. Dean Corbae and Sam Ouliaris (1988), ‘Cointegration and Tests of Purchasing Power Parity’ 10. Craig S. Hakkio (1984), ‘A Re-examination of Purchasing Power Parity: A Multi-Country and Multi-Period Study’ 11. Niso Abuaf and Philippe Jorion (1990), ‘Purchasing Power Parity in the Long Run’ 12. Meher Manzur (1990), ‘An International Comparison of Prices and Exchange Rates: A New Test of Purchasing Power Parity’ 13. James R. Lothian and Mark P. Taylor (1996), ‘Real Exchange Rate Behavior: The Recent Float from the Perspective of the Past Two Centuries’ 14. Jeffrey A. Frankel and Andrew K. Rose (1996), ‘A Panel Project on Purchasing Power Parity: Mean Reversion Within and Between Countries’ 15. Panos Michael, A. Robert Nobay and David A. Peel (1997), ‘Transactions Costs and Nonlinear Adjustment in Real Exchange Rates: An Empirical Investigation’ 16. Mark P. Taylor and Lucio Sarno (1998), ‘The Behaviour of Real Exchange Rates during the Post-Bretton Woods Period’ 17. Charles Engel (2000), ‘Long-Run PPP May Not Hold After All’ 18. Li Lian Ong (1997), ‘Burgernomics: The Economics of the Big Mac Standard’ 19. Kenneth Rogoff (1996), ‘The Purchasing Power Parity Puzzle’ Name Index

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Book SynopsisDrawing on candid accounts from practitioners, producers and industry representatives, this informative and proactive volume investigates the challenges facing today's fair trade movement and provides unique insights into the workings of social and economic power in world markets. Using original, in-depth empirical data, Anna Hutchens develops several new approaches to understanding power, governance and social change across the broad interdisciplinary fields of development, economics and politics. Emphasising fair trade's entrepreneurs, this book investigates the creation of innovative commercial fair trade business models that are often neglected in fair trade research but are crucial to the fair trade movement's survival in commercial markets. As corporate involvement in fair trade markets grows, these models will be the key variable for the sustainability of fair trade into the future. This book will be warmly welcomed by academics in the fields of economics, political science and sociology working on free trade and fair trade. International non-government organisations, such as Oxfam, and international fair trade networks will find this book invaluable. Government officials (particularly in the EU Commission and parliamentarians) working on fair trade and/or trade-and-development policy and analysis will also find this book of particular interest.Trade Review'. . . tells a crucial story. . . The book is well referenced and contains a useful index. Hutchens has been generous with organisational diagrams that are mostly helpful. . . anyone interested in fair trade, organisational analysis, and organisational power will find this book useful.' -- William H. Friedland, Journal of Agricultural Environmental Ethics'This is an important and valuable contribution both to our understanding of fair trade and the broader context in which it operates. Dr Hutchens develops an exciting new theory and presents extensive original empirical work to construct a rigorous and, at times, challenging argument concerning the limits and opportunities for the fair trade movement going forward.' -- Alex Nicholls, University of Oxford, UKTable of ContentsContents: Introduction 1. ‘Game-Playing’: Rethinking Power and Empowerment 2. ‘Power Over’ as Global Power in World Markets 3. The History of Fair Trade 4. Networking Networks for Scale 5. Fairtrade as Resistance 6. Fair Trade as Game-Playing 7. Governance as ‘Creative Destruction’ Conclusion: Game-Playing – The Key to Global Empowerment References Index

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Book Synopsis__________________*A road-map for a kinder, fairer capitalism that is fit for the 21st century*Financial Times Book of the Month‘The founder of Richer Sounds is one of the finest entrepreneurs we have.’ Archie Norman, chairman of Marks & Spencer__________________Capitalism has lost its way.Every week brings fresh news stories about businesses exploiting their staff, avoiding their taxes, and ripping off their customers. Every week, public anger at the system grows. Now, one of Britain’s foremost entrepreneurs intervenes to make the case for putting business back firmly in the service of society, and setting out on a new path to a kinder, fairer form of capitalism. Drawing on four decades of hands-on management experience, the founder of Richer Sounds argues that ethically run businesses are invariably more efficient, more motivated and more innovative than those that care only about the bottom line. He uncovers the simple tools that the best leaders use to make their businesses fair, revealing how others can follow suit. And he also delves into the big questions that modern capitalism has to answer if it is to survive and to thrive.Trade ReviewThe founder of Richer Sounds is one of the finest entrepreneurs we have. -- Archie Norman, chairman of Marks & SpencerThis is a real eye-opener for people on the left and the right of the political spectrum. -- John Sentamu, the Archbishop of YorkWhat is the right order to rank the various stakeholders in a business? . . . One philosophy is that staff should come first. This perspective is put forward persuasively in a new book called The Ethical Capitalist, written by entrepreneur Julian Richer. I was briefly in business with Julian and came to admire his talents. He has huge energy, sound instincts, and enormous loyalty to the staff in his retail firm Richer Sounds. -- Luke Johnson * Sunday Times *If you are thinking of a great book to read look no further than Julian Richer’s The Ethical Capitalist. -- James Timpson, Chief Executive, Timpson

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Book SynopsisWho really runs the global economy? Who benefits most from it? The answer is a triad of 'governance institutions' - The IMF, the World Bank and the WTO. Globalization massively increased the power of these institutions and they drastically affected the livelihoods of peoples across the world. Yet they operate undemocratically and aggressively promote a particular kind of neoliberal capitalism. Under the 'Washington Consensus' they proposed, poverty was to be ended by increasing inequality. This new edition of Unholy Trinity, completely updated and revised, argues that neoliberal global capitalism has now entered a period of crisis so severe that governance will become impossible. Huge incomes for a small number of super-rich people produced an unstable global economy, rife with speculation and structurally prone to crises. The IMF is in disgrace, the WTO can hardly meet anymore and the World Bank survives as a global philanthropist. Is this the end for the Unholy Trinity?Trade Review'Invaluable to students and activists alike, this is the essential introduction to the unelected government of the world economy.' Mike Davis, author of Planet of Slums 'This new edition of the Unholy Trinity offers a timely and razor-sharp analysis of the predicament the world economy is in today and how we got there. With characteristic panache, Peet shows why neoliberal orthodoxy got it so totally wrong and details its disastrous social and economic consequences. A must read for those who wish to understand who is responsible, and what needs to be done to turn the world into a more genuinely humanising place for all.' Erik Swyngedouw, University of Manchester 'This is a terrific book...It is politically committed, theoretically sophisticated, analytically incisive, empirically rich, thoroughly engaged, and full of devastating one-liners that greatly enliven its reading.' Roger Lee, Economic Geography 'This is a great book' David Harvey, CUNY 'Unholy Trinity provides an important history lesson of how the IMF, World Bank, and WTO were twisted from their original mandates to serve the interests of corporate globalization.' John Cavanagh, Institute for Policy StudiesTable of Contents Preface Abbreviations and Acknowledgments 1. Globalism and Neoliberalism 2. Bretton Woods: Emergence of a Global Economic Regime 3. The International Monetary Fund 4. The World Bank 5. The World Trade Organization 6. Global Financial Capitalism and the Crisis of Governance Bibliography Index

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Book SynopsisThis timely book brings fresh analysis to the important issue of trade policy reform in emerging markets. The subject matter and its significance are comprehensively introduced with a review of developing country liberalization since the 1980s providing an analytical framework for the seven country case studies that follow. The case studies (Australia, Brazil, Chile, India, Malaysia, New Zealand, and South Africa) cover a wide variety of political, historical and economic issues, but all make clear the important role that crisis, or the threat of it, plays in meaningful trade policy reform. This is of particular relevance in the current global financial crisis. These studies, together with the conclusions which are drawn from them, show how important the trade liberalization agenda remains in the 21st century.Written by a combination of both experts and practitioners, this highly topical book will make productive reading for policy makers concerned with trade policy in developed and developing countries, as well as scholars working in trade policy. Postgraduate students studying international business, international relations, economics, politics, and international law should not be without this book.Trade Review'. . . few if any other recent volumes offer a historical perspective on evolving trade policy in several countries, this well-written, well-edited volume. . . is suitable for graduate and research libraries.' -- M. Larudee, Choice'This book is a refreshing reminder of the benefits of unilateral trade liberalisation in countries whose leaders dare. An important story told with clarity and authority.' -- Ross Garnaut, The Australian National University, Australia'That trade liberalization is good for emerging market economies, and not just for the rich ones, is now widely accepted by both economists and policy-makers. But the question remains: how can these reforms be implemented in practice? The answer to that important question lies in understanding the political economy of each reforming country. This book makes a splendid contribution to our understanding of this issue by examining the experience of several countries. It is therefore an important book to be read by, not just students and researchers, but also policy-makers worldwide.' -- Jagdish Bhagwati, Columbia University, USTable of ContentsContents: Foreword Preface 1. Introduction: Trade Liberalization in the Twenty-first Century Razeen Sally PART I: THE COMPREHENSIVE REFORMERS 2. Australia Bill Bowen 3. Chile Sebastián Herreros 4. New Zealand Ron Sandrey PART II: THE PARTIAL REFORMERS 5. Malaysia Mohamed Ariff and Gregore Pio Lopez 6. Brazil Mario Marconini 7. India S. Narayan 8. South Africa Philip Alves and Lawrence Edwards 9. Conclusion: What Lessons for the Twenty-first Century? Razeen Sally and Philip Alves 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 SynopsisBringing together over a dozen post-Keynesian experts on the issues of employment, growth, development and exchange rates, this book breaks new ground by offering interesting and innovative insights into the problems faced today in both developed and developing countries. This topical book addresses unemployment in Europe, the wrong-headed reliance on NAIRU to formulate policy, distributional conflicts and financial factors, as well as problems faced in developing countries with respect to exchange rate policy, central banking, challenges to growth, and international financial flows. In the first part of the book the chapters deal with issues related to employment policies, economic growth and development while the second part is dedicated to development and growth issues in open-economy developing countries. Employment, Growth and Development offers an interesting analysis of the current economic issues from a post-Keynesian perspective that will appeal to academics and graduate students interested in development and economics. Contributors: M. Aslam, R. Bellofiore, M. Ben Guirat, F.J. Cardim de Carvalho, T. Chaiechi, M. Clevenot, E. Correa, C. Gnos, Y. Guy, J. Halevi, D. Lang, N. Levy Orlik, J. Lopez, W.C. Marshall, E. Ortiz Cruz, C. Pastoret, L.-P. Rochon, M. Setterfield, E. Stockhammer, D. Tropeano, V. VernayTrade Review’The editors of this volume have brought together an invaluable set of essays on each of these issues. The overall post-Keynesian message, of course - one that comes through very clearly - is that employment, growth and development are not at all separate topics, but each depend on the appropriate choice of macroeconomic policies for a monetary production economy’- John Smithin, York University, CanadaTable of ContentsContents: Introduction: Post-Keynesian Economic Policy – a Post-crisis View Claude Gnos, Louis-Philippe Rochon and Domenica Tropeano PART I: LABOR, EMPLOYMENT POLICIES AND DISTRIBUTION 1. Deconstructing Labor: A Marxian–Kaleckian Perspective on What is ‘New’ in Contemporary Capitalism and Economic Policies Riccardo Bellofiore and Joseph Halevi 2. Breaking the Economic Dependence of Developing Countries to Promote Economic Development and Full Employment: The Case of the Maghreb Countries Mehdi Ben Guirat and Corinne Pastoret 3. The Redistribution Conflict in the ‘Patrimonial Regime’ through a Stock–Flow Consistent Model Mickaël Clévenot and Yann Guy 4. Income Distribution, Growth and Financialization: The Italian Case Domenica Tropeano 5. Faith-based Macroeconomics: A Critique of Recent Developments in NAIRU Estimation Dany Lang and Mark Setterfield 6. Still Unemployed, After All These Wage Cuts. Labor in Europe Engelbert Stockhammer 7. Labor Market and Monetary Macroeconomics Vincent Vernay PART II: GROWTH, DEVELOPMENT AND EXCHANGE RATES 8. Exchange Rate Policy in Developing Countries: The East Asian Experience Mohamed Aslam 9. A Keynesian–Structuralist Growth Strategy for Latin America Julio López and Fernando J. Cardim de Carvalho 10. Financial Development and Economic Growth through a Post-Keynesian Lens: Hong Kong Case Study Taha Chaiechi 11. Money and Institutions: The Long Path of the Latin American Financial Reforms Eugenia Correa 12. The Effect of Interest Rates in Developing Countries: Can Central Bank Monetary Policy Instruments Modify Economic Growth? Noemi Levy Orlik 13. International Capital Flows and Latin America: Making Sense of Disappointing Results Wesley C. Marshall 14. Inflation Targeting by the ‘Tyrannical Auctioneer’: The Predominance of a Normative Approach in Monetary Policy Etelberto Ortiz Cruz Index

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Book SynopsisIn this essential two-volume collection, the editors include key papers on the domestic and global challenges of WTO accession. The first volume explores the intertwined economic, legal, and political dimensions of the process. The second volume explores country case studies and sector-specific issues such as agriculture, services and intellectual property. This comprehensive anthology is an invaluable reference source for scholars and practitioners grappling with the increasing complexity of WTO accession.Trade Review‘Accession to the WTO is a complex, long and unique process. Carlos Primo Braga and Olivier Cattaneo have assembled an impressive collection of literature that analyzes accessions from an economic, legal, political and sectoral perspective, as well as some country-case studies. This is the state-of-the-art of what we know about accessions. The editors bring it all together in the introduction, posing the right and difficult questions and making critical observations. This publication is a must to both understand and improve these negotiations that currently involve the Members of the WTO with 29 acceding candidates.’ -- Alejandro Jara, Deputy Director General, The World Trade Organization, SwitzerlandTable of ContentsContents: Volume I Acknowledgments Introduction Carlos A. Primo Braga and Olivier Cattaneo PART I OVERVIEW 1. Rolf J. Langhammer and Matthias Lücke (1999), ‘WTO Accession Issues’ 2. Constantine Michalopoulos (2002), ‘WTO Accession’ 3. Murray G. Smith (1996), ‘Accession to the WTO: Key Strategic Issues’ 4. Jaroslaw Pietras (1998), ‘The Role of the WTO for Economies in Transition’ PART II THE ECONOMIC DIMENSION OF WTO ACCESSION 5. Kyle Bagwell and Robert W. Staiger (1999), ‘An Economic Theory of GATT’ 6. Robert W. Staiger (2006), ‘A book review of Fatouma Jawara and Aileen Kwa, Behind the Scenes at the WTO: The Real World of International Trade Negotiations: Lessons of Cancun, Palgrave, New York, 2003’ 7. Andrew K. Rose (2004), ‘Do We Really Know that the WTO Increases Trade?’ 8. Arvind Subramanian and Shang-Jin Wei (2007), ‘The WTO Promotes Trade, Strongly, but Unevenly’ 9. Michael Tomz, Judith L. Goldstein and Douglas Rivers (2007), ‘Do We Really Know That the WTO Increases Trade? Comment’ 10. Andrew K. Rose (2007), ‘Do We Really Know That the WTO Increases Trade? Reply’ 11. Bogdan Lissovolik and Yaroslav Lissovolik (2004), ‘Russia and the WTO: The “Gravity” of Outsider Status’ PART III THE LEGAL DIMENSION OF WTO ACCESSION 12. Julia Ya Qin (2003), ‘WTO-plus Obligations and Their Implications for the World Trade Organization Legal System’ 13. Steve Charnovitz (2008), ‘Mapping the Law of WTO Accession’ 14. Bernard Hoekman and Jayanta Roy (2000), ‘Benefiting from WTO Accession and Membership’ 15. Sylvia A. Rhodes and John H. Jackson (1999), ‘United States Law and China’s WTO Accession Process’ 16. Alexander Polouektov (2002), ‘Non-Market Economy Issue in WTO Anti-Dumping Law and Accession Negotiations – Revival of a Two-Tier Membership?’ PART IV THE POLITICAL DIMENSION OF WTO ACCESSION 17. Leah Haus (1991), ‘The East European Countries and the GATT: The Role of Realism, Mercantilism, and Regime Theory in Explaining East-West Trade Negotiations’ 18. Anna Lanoszka (2001), ‘The World Trade Organization Accession Process: Negotiating Participation in a Globalizing Economy’ 19. Simon Lacey (2007), ‘The View From the Other Side of the Table: WTO Accession from the Perspective of WTO Members’ 20. Simon Evenett and Carlos A. Primo Braga (2006), ‘WTO Accession: Moving the Goalposts?’ 21. Craig VanGrasstek, ‘Why Demands on Acceding Countries Increase Over Time: A Three-dimensional Analysis of Multilateral Trade Diplomacy’ Volume II Acknowledgments PART I COUNTRY-CASE STUDIES ON WTO ACCESSION 1. Zdenek Drabek and Marc Bacchetta (2004), ‘Tracing the Effects of WTO Accession on Policy-making in Sovereign States: Preliminary Lessons from the Recent Experience of Transition Countries’ 2. Elena Ianchovichina and Will Martin (2001), ‘Trade Liberalization in China’s Accession to the WTO’ 3. David Tarr (2007), ‘Russian WTO Accession: What Has Been Accomplished, What Can Be Expected’ 4. Pierre Sauvé (2005), ‘Economic Impact and Social Adjustment Costs of Accession to the World Trade Organization: Cambodia and Nepal’ 5. P.R. Rajkarnikar (2005), ‘Nepal: The Role of an NGO in Support of Accession’ 6. Samnang Chea and Hach Sok (2005), ‘Cambodia’s Accession to the WTO: “Fast Track” Accession by a Least Developed Country’ 7. Damedin Tsogtbaatar (2005), ‘Mongolia’s WTO Accession: Expectations and Realities of WTO Membership’ 8. Daniel Gay (2005), ‘Vanuatu’s Suspended Accession Bid: Second Thoughts?’ PART II SECTOR -SPECIFIC DIMENSION OF WTO ACCESSION 9. Will Martin (2003), ‘Implications of Reform and WTO Accession for China’s Agricultural Policies’ 10. Murray Gibbs and Anar Mamedov (2001), ‘Energy-related Issues in the WTO Accession Negotiations’ 11. Joseph F. Francois and Dean Spinanger (2004), ‘WTO Accession and the Structure of China’s Motor Vehicle Sector’ 12. Felix Eschenbach and Bernard Hoekman (2006), ‘Services Policies in Transition Economies: On the EU and the WTO as Commitment Mechanisms’ 13. Aaditya Mattoo (2003), ‘China’s Accession to the WTO: The Services Dimension’ 14. Phan Van Sam and Vo Thanh Thu (2005), ‘Preparation by Vietnam’s Banking Sector for WTO Accession’ 15. Angus Henderson, Iain Gentle and Elise Ball (2005), ‘WTO Principles and Telecommunications in Developing Nations: Challenges and Consequences of Accession’ 16. Frederick Abbott and Carlos M. Correa (2007), ‘The Accession Process and its Legal Consequences’ 17. Keith E. Maskus (2004), ‘Intellectual Property Rights in the WTO Accession Package: Assessing China’s Reforms’ Name Index

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Book SynopsisAgriculture has been the unruly horse of the GATT/WTO system for a long time and efforts to halter it are still ongoing. This Research Handbook focuses on aspects of agricultural production and trade policy that are recognized for their importance but are often kept out of the limelight, such as the implication of national and international agricultural production and trade policies on national food security, global climate change, and biotechnology. It provides a summary of the state of the WTO agriculture negotiations as well as the relevant jurisprudence, but also, and uniquely, it focuses on the new and emerging issues of agricultural trade law and policy that are rarely addressed in the existing literature. With contributions from a multi-disciplinary team of leading analysts from around the world, this Research Handbook will appeal to trade negotiators, international trade law and policy academics as well as postgraduate students in the field. Contributors include: K. Anderson, D. Blandford, M. Cardwell, I. Carreno, M.G. Desta, G. Dutfield, C. Haberli, L.A. Jackson, T. Josling, E. Laurenza, A. Matthews, J.A. McMahon, F. Smith, S. SwitzerTrade Review'A particular strength of this collection is the multidisciplinary perspective which is brought to bear on international agricultural trade law. It provides a valuable resource for scholars and policymakers in this critical area.' --Michael Blakeney, International Trade Law and Regulation'The range of topics covered in this volume is multi-faceted and various. . . Practitioners with clients involved in agri-business will be particularly interested in the broad spectrum of matters discussed, as will trade negotiators, policy advisors and graduate students in this vital and fascinating field.' --Phillip Taylor MBE and Elizabeth Taylor, The Barrister MagazineTable of ContentsContents: Preface Joseph A. McMahon and Melaku Geboye Desta 1. The Agreement on Agriculture: Setting the Scene Joseph A. McMahon and Melaku Geboye Desta 2. Food Security and International Agricultural Trade Regulation: Old Problems, New Perspectives Fiona Smith 3. Do WTO Rules Improve or Impair the Right to Food? Christian Häberli 4. The Impact of WTO Agricultural Trade Rules on Food Security and Development: An Examination of Proposed Additional Flexibilities for Developing Countries Alan Matthews 5. Plant Intellectual Property, Food Security and Human Development: Institutional and Legal Considerations, and the Need for Reform Graham Dutfield 6. GMOs: Trade and Welfare Impacts of Current Policies and Prospects for Reform Kym Anderson and Lee Ann Jackson 7. Addressing the Solution of SPS and TBT Matters through Trade Negotiations Eugenia Laurenza and Ignacio Carreño 8. Private Standards and Trade Tim Josling 9. Climate Change Policies for Agriculture and WTO Agreements David Blandford 10. Biofuels, Food Security and the WTO Agreement on Agriculture Stephanie Switzer 11. Stretching the Boundaries of Multifunctionality? An Evolving Common Agricultural Policy within the World Trade Legal Order Michael Cardwell Index

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Book SynopsisSocially responsible investment (SRI) is becoming increasingly popular and can be potentially rewarding to all parties concerned. This book discusses the opportunities, challenges, and practices of SRI in a global financial environment in a consistent and integrated framework of risk management. It also covers a wide variety of environmental, social, and corporate governance (ESG) issues related to various participants, such as values-based retail, institutional investors, corporations, banks, supranational agencies, and non-governmental organizationsReaders are provided with the perspectives of SRI from various players in the financial community - from values-based investors to fiduciaries to supranational agencies. The authors analyse the incorporation of ESG issues into investment practices within a regulatory, legal, reputational, and operational risk management framework.Academics, corporate executives, government regulators and policymakers, bankers, and non-governmental organizations involved with sustainable development will find much of interest in this book.Trade Review‘. . . the book is engaging and informative, and provides useful insights to the reader whether an educator, practitioner, student, investor, banker, public agency, or NGO. It would be appropriate for library collections and as a text in the tertiary education sector.’ -- Bishnu Sharma, Australasian Journal of Environmental Management'The authors have done an excellent job explaining the development and practice of Socially Responsible Investment (SRI). Under the recent recognition of Corporate Social Responsibility (CSR) in Asia and its strong emphasis by US and European corporations, this book provides important guidance to students and professionals who are interested in the effects and implications of SRI. This book is truly informative and should be on the reading list of all fund managers and CFOs of international corporations which are serious about CSR.' -- - Louis T.W. Cheng, Honk Kong Polytechnic University'Individual investors and corporate heads have the responsibility to keep abreast of major changes in the marketplace. Social responsible investment is one of those changes. Fung, Law and Yau provide, in a single source, a great opportunity to get up to date on an area that will be a force for years to come. I encourage any thoughtful investor or manager to read this book.' -- Thomas Schneeweis, University of Massachusetts, Amherst, USTable of ContentsContents: 1. Socially Responsible Investment: Opportunities, Challenges, and Practices 2. SRI Approaches and Criteria 3. Incentives, Alternatives, and Financial Performance of SRI 4. Environmental Issues 5. Social, Ethical, and Religious Issues 6. Corporate Governance Issues, Corporate Policy, and Corporate Social Responsibility Practices 7. Practice of SRI by Institutional Investors, Non-Governmental Organizations, and Supranational Agencies 8. Socially Responsible Investment and Global Banking 9. Outlook and Conclusion Index

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Book SynopsisThis timely book examines the legal and policy challenges in international, regional and national settings, faced by developing countries in mitigating and adapting to climate change.With contributions from over 20 international scholars from developing and developed countries, the book tackles both long-standing concerns and current controversies. It considers the positions of developing countries in the negotiation of a new international legal regime to replace the Kyoto Protocol and canvasses various domestic issues, including implementation of CDM projects, governance of adaptation measures and regulation of the biofuels industry.Through a unique focus on the developing world, this book makes a significant contribution to understanding current challenges and future directions of climate law. It will prove a stimulating read for legal academics, undergraduate and graduate law students as well as policymakers interested in the role of developing countries in climate change law. The book originates from an international conference on Climate Law in Developing Countries Post-2012, co-sponsored by the IUCN Academy of Environmental Law, the University of Ottawa Faculty of Law and Osgoode Hall Law School. The book is part of the ongoing mandate of the IUCN Academy of Environmental Law to generate collaborative research on the most pressing issues in environmental law.Trade Review'. . . the book is rich and unique. It offers very useful analysis of climate law in developing countries and the key issues in the ongoing negotiations. . . an important source of reference.' -- Environmental Law Review'The editors of Climate Law and Developing Countries have brought together a star-studded group of authors with often innovative views on how climate law works (or fails to work) in those countries where it arguably matters more than elsewhere. This volume largely avoids the pitfalls of climate and carbon jargon. It may well succeed in reconnecting the regulatory community to a field of law which has rapidly become the exclusive habitat of banking and finance lawyers. A superb read and reference treasure trove.' -- Geert van Calster, Katholieke Universiteit Leuven, Belgium'Global warming is essentially an issue of human rights and justice severely affecting poor countries and indigenous peoples. This book shows why and how climate justice must shape international and domestic climate law. A timely, must-read companion for climate experts and activists, but equally a reminder of how much is left to be learned by negotiators of post-Kyoto agreements.'R>- Klaus Bosselmann, University of Auckland, New Zealand and IUCN Commission on Environmental Law Ethics Specialist Group'The phenomenon of anthropogenic climate change has become of critical importance to all countries. However, while the majority of developing countries contribute the least to global greenhouse gas emissions, they will generally bear the major burden of the social, environmental and economic impacts of climate change imposed upon them by developed countries. This cutting-edge book contains outstanding contributions by scholars from around the world on the need to expand the range of legal and policy mechanisms and strategies required to bridge the gaps between the north and the south to achieve global climate justice.' -- Ben Boer, University of Sydney and former Co-director of the IUCN Academy of Environmental LawTable of ContentsContents: 1. Introduction: Climate Law and Developing Countries Benjamin J. Richardson, Yves Le Bouthillier, Heather McLeod-Kilmurray and Stepan Wood PART I: CLIMATE JUSTICE 2. Climate Change, Differentiated Responsibilities and State Responsibility: Devising Novel Legal Strategies for Damage Caused by Climate Change Sumudu Atapattu 3. India’s Constitutional Challenge: A Less Visible Climate Change Catastrophe Deepa Badrinarayana 4. Promoting Justice within the International Legal System: Prospects for Climate Refugees Angela Williams 5. Climate Change and Indigenous Peoples in the South Pacific: The Need for Regional and Local Strategies Eric Kwa PART II: EXPANDING THE SCOPE OF THE CLIMATE CHANGE LEGAL REGIMES 6. Supporting Adaptation in Developing Countries at the National and Global Levels Jolene Lin 7. Designing a REDD Mechanism: The TDERM Triptych Claire Stockwell, William Hare and Kirsten Macey 8. The Role of Marine ‘Forests’ and Soils as Carbon Sinks: Enhanced Bio-Sequestration as a Mitigation Strategy to Help Avoid Dangerous Climate Change Robert Fowler 9. Adaptation to Climate Change to Save Biodiversity: Lessons Learned from African and European Experiences Saja Erens, Jonathan Verschuuren and Kees Bastmeijer PART III: THE CLEAN DEVELOPMENT MECHANISM AND MITIGATION STRATEGIES 10. The Deadlock of the Clean Development Mechanism: Caught between Sustainability, Environmental Integrity and Economic Efficiency Christina Voigt 11. Beautifying Africa for the Clean Development Mechanism: Legal and Institutional Issues Considered Damilola S. Olawuyi 12. Policy and Legal Dimensions of CDM Projects in the Forestry Sector: Implications for Climate Change Mitigation and Adaptation in Uganda Emmanuel B. Kasimbazi 13. Brazilian Policy on Biodiesels: A Sound Means of Mitigating Climate Change? Solange Teles da Silva and Carolina Dutra PART IV: CLIMATE POLICY BRIDGING THE NORTH AND SOUTH 14. Improving Citizen Responsibility in the North and its Consequences for the South: Voluntary Carbon Offsets and Government Involvement Marjan Peeters 15. Climate and Trade in a Divided World: Can Measures Adopted in the North End Up Shaping Climate Change Legislative Frameworks in the South? Francesco Sindico 16. Climate Change in the European Union Development Cooperation Policy Marie-Pierre Lanfranchi and Sandrine Maljean-Dubois Index

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Book SynopsisDuring the last decade, international trade has witnessed a dramatic transition from a field dominated by theory to one dominated by empirics linked to theory. In this volume, Professor Bernhofen has selected an impressive range of critical papers by leading academics which have contributed significantly to making international trade an empirical science. The included topics are empirical studies on comparative advantage, the Heckscher-Ohlin model, monopolistic competition, gravity models, firms and plant trade and networks and institutions. The papers in this collection serve as an excellent introduction to the literature as well as an essential reference for research in empirical trade. Trade Review‘Empirical International Trade gathers a wealth of scholarly essays by learned economists and mathematics, evaluating the latest theories and discoveries in the economic venue of international trade. . . Extensive tables, calculations, and formulas supplement the expert-level resource of technical discussion and theory, highly recommended for college and graduate school economics libraries.’Table of ContentsContents: Acknowledgements Introduction Daniel M. Bernhofen PART I EMPIRICAL STUDIES ON THE HECKSCHER-OHLIN MODEL 1. Wassily Leontief (1953), ‘Domestic Production and Foreign Trade; The American Capital Position Re-Examined’ 2. Edward E. Leamer (1980), ‘The Leontief Paradox, Reconsidered’ 3. Harry P. Bowen, Edward E. Leamer and Leo Sveikauskas (1987), ‘Multicountry, Multifactor Tests of the Factor Abundance Theory’ 4. Daniel Trefler (1993), ‘International Factor Price Differences: Leontief was Right!’ 5. Daniel Trefler (1995), ‘The Case of the Missing Trade and Other Mysteries’ 6. Donald R. Davis and David E. Weinstein (2001), ‘An Account of Global Factor Trade’ 7. Peter K. Schott (2003), ‘One Size Fits All? Heckscher-Ohlin Specification in Global Production’ 8. James Harrigan (1997), ‘Technology, Factor Supplies, and International Specialization: Estimating the Neoclassical Model’ 9. John Romalis (2004), ‘Factor Proportions and the Structure of Commodity Trade’ PART II TESTING COMPARATIVE ADVANTAGE AND THE GAINS FROM TRADE 10. Daniel M. Bernhofen and John C. Brown (2004), ‘A Direct Test of the Theory of Comparative Advantage: The Case of Japan’ 11. Daniel M. Bernhofen and John C. Brown (2005), ‘An Empirical Assessment of the Comparative Advantage Gains from Trade: Evidence from Japan’ PART III MONOPOLISTIC COMPETITION AND THE GAINS FROM PRODUCT VARIETY 12. Elhanan Helpman (1987), ‘Imperfect Competition and International Trade: Evidence from Fourteen Industrial Countries’ 13. David Hummels and James Levinsohn (1995), ‘Monopolistic Competition and International Trade: Reconsidering the Evidence’ 14. Peter Debaere (2005), ‘Monopolistic Competition and Trade, Revisited: Testing the Model Without Testing for Gravity’ 15. Christian Broda and David E. Weinstein (2006), ‘Globalization and the Gains from Variety’ PART IV GRAVITY, BORDERS AND THE GROWTH OF WORLD TRADE 16. John McCallum (1995), ‘National Borders Matter: Canada-U.S. Regional Trade Patterns’ 17. James E. Anderson and Eric van Wincoop (2003), ‘Gravity with Gravitas: A Solution to the Border Puzzle’ 18. Jonathan Eaton and Samuel Kortum (2002), ‘Technology, Geography, and Trade’ 19. Scott L. Baier and Jeffrey H. Bergstrand (2001), ‘The Growth of World Trade: Tariffs, Transport Costs, and Income Similarity’ 20. Kei-Mu Yi (2003), ‘Can Vertical Specialization Explain the Growth of World Trade?’ PART V THE EMPIRES OF FIRM AND PLAN TRADE 21. Andrew B. Bernard and J. Bradford Jensen (1995), ‘Exporters, Jobs, and Wages in U.S. Manufacturing: 1976–1987’ 22. Sofronis K. Clerides, Saul Lach and James R. Tybout (1998), ‘Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico, and Morocco’ 23. Andrew B. Bernard and J. Bradford Jensen (1999), ‘Exceptional Exporter Performance: Cause, Effect, or Both?’ PART VI TRADE, NETWORKS AND CONTRACTS 24. James E. Rauch (1999), ‘Networks Versus Markets in International Trade’ 25. James E. Rauch and Vitor Trindade (2002), ‘Ethnic Chinese Networks in International Trade’ 26. James E. Anderson and Douglas Marcouiller (2002), ‘Insecurity and the Pattern of Trade: An Empirical Investigation’ 27. Nathan Nunn (2007), ‘Relationship-Specificity, Incomplete Contracts, and the Pattern of Trade’ Name Index

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

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Book SynopsisThis authoritative book explores the nexus between organization theory, globalization and imperialism and examines the effects of a global order organized around development and markets. The authors explore how interconnections between organization theory and the global political economy have led to the perpetuation of inequality and active reconfigurations of life, labour and the economy. They contend that cultural ethnocentrism and Western ideologies of development continue to inform the field of organizational studies and offer an alternate mode of theorizing. Through theoretical and empirical reflections, the authors produce a patchwork quilt of innovatively critical approaches to globalization.Graduate students, academics and scholars in the fields of management and organizational sciences, as well as postcolonial, development and globalization studies will find this book of particular interest. It is also an invaluable read for international management and strategy scholars, including those focused on multinational operations in the Third World.Trade Review'This edited collection is an extraordinarily welcome text for those of us teaching international management in the US while observing with dismay the lack of critical awareness about the rest of the world in extant disciplinary scholarship. Rather than giving us "the view from the rest", the collection advances a temporal and spatial relational approach to understanding globalization and compels its audience to bridge the gap between "the west and the rest" by bringing to visibility the cultural and material encounters co-constructing them. In this context, the various contributions deconstruct "international management" as market-based activity, exposing its mode of existence within complex power relations networks extending over time and space.' -- Marta B. Calas, University of Massachusetts, US'Organizations, Markets and Imperial Formations offers a set of innovative critiques of contemporary economic globalization. A major theme of the book is that our imperialist histories have resulted in a globalization process that replicates exploitative colonialist patterns. Chapter authors provide insights on a variety of subjects, including a critique of mainstream international management textbooks and the simplistic toolkits they offer to managers; an analysis of how a universalistic view of capitalism and economic organization results in exploitative patterns of resource appropriation; and documentation of the negative consequences of globalization, specifically, patterns of inequality and class segregation.' -- Alison M. Konrad, University of Western Ontario, CanadaTable of ContentsContents: Part I: INTRODUCTION 1. The Imperial Formations of Globalization Subhabrata Bobby Banerjee, Vanessa C.M. Chio and Raza Mir PART II: THE CONSTRUCTION OF CULTURE AND THE REINVENTION OF NATURE 2. On ‘Cultural’ Knowledge in International Management Textbooks: A Postcolonial Reading Martin Fougère and Agneta Moulettes 3. Sustainable Development in the Age of Natural Capitalism: Making the World While Saving Profits Martin Fougère and Nikodemus Solitander PART III: THE POLITICAL ECONOMY OF KNOWLEDGE 4. Contesting Boundaries: The Shifting Borders of Globalization Diana J. Wong-MingJi 5. (How) Does Knowledge Flow? A Critical Analysis of Intra-Organization Knowledge Transfer Raza Mir, Subhabrata Bobby Banerjee and Ali Mir 6. Evangelical Capitalism and Organization Abbas J. Ali PART IV: POWER, SUBJECTS/SUBJECTIVITIES AND IDENTITY 7. Flexible Careers in a Globally Flexible Market Suzette Dyer 8. Cultural Mimicry and Hybridity: On the Work of Identity in International Call Centers in India Diya Das and Ravi Dharwadkar 9. Globalization and Social Change: The Polish Experience Martyna Sliwa PART V: CONCLUSION 10. Towards an Anthropology of Globalization Vanessa C.M. Chio and Subhabrata Bobby Banerjee Index

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Book SynopsisThis comprehensive analysis deals with the range of issues raised by the rise of transnational corporations from emerging markets. This insightful book shows that foreign direct investment (FDI) from emerging markets has grown from negligible amounts in the early 1980s to $210 billion in 2007, with the stock of investment now being well over $1 trillion. This reflects the rise of firms from these economies to become important players in the world FDI market. The contributors to this book comprehensively analyze the rise of emerging market TNCs, the salient features of the transnational activities of these firms, the relationship of outward FDI and the competitiveness of the firms involved, their impact on host and home countries and implications for the international law and policy system.The subject of this study is both topical and important and poses a number of challenges that will require considerable policy attention in the future. It will appeal to academics interested in FDI as well as emerging markets. Karl P. Sauvant has gathered together a group of leading academics that makes this an informative and valuable read for anyone interested in the subject, including academics, students at all levels and private sector entities, as well as government officials dealing with outward FDI.Trade Review'Having undertaken billions of FDI in many continents and nations, between Argentina and the PRC, I consider Dr Sauvant's book an eye-opener, a new page, showing us a new super highway. The OFDI volume of emerging markets today, surpassing the entire FDI volume of not even 20 years back, is a signal of success of the free market economy. It signals also the end of privileges for the Europeans. It reflects entrepreneurship at its best on the part of the fast developing nations of Asia. It shows that free access to know how and capital has permitted Asia to catch up at an unprecedented speed. Contrary to often repeated but wrong opinions, the poor of the world have benefited the most by globalization. A market place of unimaginable potential is under construction in the first half of the 21st century, accelerated by FDI. This book should find many readers, particularly among the political leaders of today and tomorrow.' -- Carl H. Hahn, Chairman Emeritus of Volkswagen AGTable of ContentsContents: Foreword Supachai Panitchpakdi Preface Emerson de Almeida, David M. Schizer and Yiping Zhou PART I: OVERVIEW 1. The Rise of TNCs from Emerging Markets: The Issues Karl P. Sauvant 2. The Rise of TNCs from Emerging Markets: The Global Context Jeffrey D. Sachs PART II: EXPLORING THE GROWTH AND PATTERN OF OUTWARD FDI FROM DEVELOPING COUNTRIES 3. The Rise of TNCs from Emerging Markets: Challenges Faced by Firms from India Ravi Kant 4. The Transnationalization of Supply Chain Management: The Experience of Brazilian Industrial Companies Paulo T.V. Resende and Alvaro Bruno Cyrino 5. Do Firms from Emerging Markets have to Invest Abroad? Outward FDI and the Competitiveness of Firms John Cantwell and Helena Barnard 6. How Global are TNCs from Emerging Markets? Alan Rugman 7. Explaining China’s Outward FDI: An Institutional Perspective Peter J. Buckley, Jeremy L. Clegg, Adam R. Cross, Hinrich Voss, Mark Rhodes and Ping Zheng 8. Old Wine in New Bottles: A Comparison of Emerging-Market TNCs Today and Developed-Country TNCs Thirty Years Ago John H. Dunning, Changsu Kim and Donghyun Park PART III: WHAT’S IN IT FOR HOST COUNTRIES? 9. Who’s Afraid of Emerging-Market TNCs? Or: Are Developing Countries Missing Something in the Globalization Debate? Andrea Goldstein 10. Corporate Governance of Emerging-Market TNCs: Why Does it Matter? Rainer Geiger 11. Are Emerging-Market TNCs Sensitive to Corporate Responsibility Issues? Carrie Hall PART IV: WHAT’S IN IT FOR HOME COUNTRIES AND THE INTERNATIONAL COMMUNITY? 12. Outward FDI and the Economic Performance of Emerging Markets Steven Globerman and Daniel M. Shapiro 13. What Policies Should Developing Country Governments Adopt Toward Outward FDI? Lessons from the Experience of Developed Countries Theodore H. Moran 14. Will Emerging Markets Change their Attitude Toward an International Investment Regime? Edward M. Graham 15. The Need for an Adequate International Framework for FDI Joseph E. Stiglitz PART V: CONCLUSION 16. The Rise of TNCs from Emerging Markets: Threat or Opportunity? Lorraine Eden 17. Outward Foreign Direct Investment from Emerging Markets: Annotated Bibliography Zenaida Hernández Index

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Book SynopsisThis indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world's most dynamic region.With contributions from distinguished experts this timely book evaluates the economic and politico-economic arguments and conditions for monetary and financial integration in East Asia. It explores how and to what extent the countries of the region can integrate despite their heterogeneity and their underlying political tensions. Drawing on the European experiences, this book analyzes the economic logic of monetary and financial integration in East Asia and its political feasibility.This invaluable broad analysis will be of interest to academic researchers, students, policy-makers and professional economists working on matters of international economic cooperation, common currency areas, international open economy macroeconomics, and East Asian integration.Trade Review'Towards Monetary and Financial Integration in East Asia is an important book. East Asia, led by China, has been and will continue to be the largest, most rapidly growing region in the world. Major global imbalances persist, with East Asia in large surplus. Yet East Asian financial and monetary integration is only in the early stages of what will necessarily be a long-run process. These 14 essays by different authors address, in six Parts, fundamental long-run issues and prospects. These include the development of a regional financial architecture, liquidity provision and crisis management, surveillance mechanisms, exchange rate arrangements, currency baskets, an Asian Currency Unit, and ultimately even a single currency. The implications of the rise of China and the role of Japan underlie much of these analyses. However imperfect, the EU is the dominant relevant experience for East Asian financial and monetary integration. It is important to understand, as the authors do, that it took 47 years from the EU's nascent founding to the establishment of the euro, and that economic integration has preceded political integration. This book importantly addresses such basic issues in this time frame and with an appreciation of the political economy difficulties of financial integration.' -- Hugh Patrick, Columbia University, US'The book edited by Professors Hamada, Reszat, and Volz gives a comprehensive overview of the current status and challenges of economic integration in East Asia. Monetary and financial integration in East Asia has proceeded gradually but steadily since the Asian financial crisis of 1997-98. The book is an authoritative cutting-edge collection of papers in respective topics which brings the reader to the frontier of the literature.' -- Takatoshi Ito, University of Tokyo, JapanTable of ContentsContents: Foreword Richard N. Cooper Introduction: Prospects for Monetary and Financial Integration in East Asia – Dreams and Dilemmas Koichi Hamada, Beate Reszat and Ulrich Volz PART I: THE POLITICAL ECONOMY OF REGIONAL INTEGRATION 1. The ASEAN Economic Community and the European Experience Michael G. Plummer and Reid W. Click 2. The Political Economy of European Economic and Monetary Union Negotiations and Implications for East Asia Heungchong Kim 3. International Political Conflicts and Economic Integration Koichi Hamada and Inpyo Lee PART II: DEVELOPING BOND MARKETS IN EAST ASIA 4. Learning by Doing in Market Reform: Lessons from a Regional Bond Fund Guonan Ma and Eli Remolona 5. Currency Denomination in Asian Bond Markets Eiji Ogawa and Junko Shimizu PART III: EXCHANGE RATE POLICIES IN EAST ASIA: THE ROLE OF THE DOLLAR 6. East Asia’s Role in the Revived Bretton Woods System Michael P. Dooley, David Folkerts-Landau and Peter Garber 7. Current Account Surpluses and Conflicted Virtue in East Asia: China and Japan under the Dollar Standard Ronald McKinnon and Gunther Schnabl PART IV: TOWARD MONETARY INTEGRATION IN EAST ASIA? 8. Three Cases for Monetary Integration in East Asia Ulrich Volz 9. Monetary and Exchange Rate Policy Coordination in ASEAN+1 William H. Branson and Conor N. Healy PART V: CURRENCY BASKETS FOR EAST ASIA? 10. Capital Markets and Exchange Rate Stabilization in East Asia: Diversifying Risk Based on Currency Baskets Gunther Schnabl 11. Asian Currency Baskets John Williamson 12. The Role of an Asian Currency Unit Masahiro Kawai PART VI: THE ROLE OF CHINA 13. The Illusion of Precision and the Role of the Renminbi in Regional Integration Yin-Wong Cheung, Menzie D. Chinn and Eiji Fujii 14. Institutional and Structural Problems of China’s Foreign Exchange Market and the RMB’s Role in East Asia Zhang Jikang and Liang Yuanyuan Index

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Book SynopsisWith this Handbook, Miroslav Jovanovic has provided readers with both an excellent stand-alone original reference book as well as the first volume in a comprehensive three-volume set. This introduction into a rich and expanding academic and practical world of international economic integration also provides a theoretical and analytical framework to the reader, presenting select analytical studies and encouraging further research. International Handbook on the Economics of Integration, Volume I covers two broad themes: general integration issues and regional integration groups. The first part discusses topics that range from an overview of the regional integration deals registered with the World Trade Organization, to multilateralism and regionalism, hub-and-spoke integration networks, limits to integration, rules of origin, and globalization. The second part of the Handbook is devoted to an outline of the principal integration arrangements in Europe, the Mediterranean, North and Latin America, East Asia and sub-Saharan Africa, as well as economic integration efforts throughout the Arab world. Contributors to this major reference work include eminent authors, some of whom contributed to the creation of economic integration theory from the outset. The authors not only survey the literature, but also present their own arguments and new ideas in order to offer a new perspective, as well as discussing the issues they believe are essential in the field. Each of the insightful chapters is approachable not only to graduate students, scholars, researchers and policymakers, but also to advanced undergraduate students.Trade Review‘This Handbook provides a comprehensive tour and in-depth analysis of the principal economic dimensions of economic intregration and the global economy. Due to diverse range of themes dealt with by the Handbook’s authors it is inevitable that the reader may agree or disagree with the expressed views , but in this lies the Handbook’s significance in that it will inspire more research, articles and books on the subjects covered. In sum, the Handbook provides a wide array of source material and information for potential future research. I would recommend this Handbook to every university library and anyone, scholars and practitioners alike, interested in the far-reaching strands of international economics and integration.’ -- Isidora Ljumovic, Journal of Economic Integration‘International Handbook on the Economics of Integration edited by Miroslav Jovanovic provides timely and rich academic contributions to considerations of the widest array of integration-related issues. European integration has been providing an inspiration to a number of academics and researchers. The Handbook is a recognition of the dynamic and strong solidarity of European integration. At the same time, the European Union often provided an example for integration schemes throughout the world which spread enormously since the mid-1990s. Leading experts from all continents contributed to this Handbook which will be a valuable input into academic and policy-making discussions and actions.’ -- José Manuel Barroso, President of the European Commission‘Miroslav Jovanovic’s publication represents a rich contribution to the complex issue of regional integration, its benefits, its shortcomings, and its relationship with multilateral trade opening. It sheds light over an issue which is the subject of intense discussions in trade circles.’ -- Pascal Lamy, Director-General of the WTO‘Much has been written on trade agreements as a mechanism to integrate the markets of two or more countries - often inspired by the European example. In recent years, attention has increasingly focused on the importance of economic geography as a determinant of industrial location. This book combines the two strands of analysis, bringing together leading experts in the fields of economic geography and international trade. The result is an outstanding compilation of papers that illuminate how policies and economic forces affect the location of economic activity in an integrated Europe.’ -- Bernard Hoekman, Director, The World Bank, USTable of ContentsContents: Foreword Nicolas Levrat Introductory Note Petko Draganov Preface Introduction PART I: GENERAL ISSUES 1. The Never-ending Story of Regional Trade Agreements Roberto V. Fiorentino 2. Multilateralising Regionalism: Spaghetti Bowls as Building Blocks on the Path to Global Free Trade Richard E. Baldwin 3. Multilateral versus Regional Trading Arrangements: Substitutes or Complements? Richard G. Lipsey and Murray G. Smith 4. Contemporary Regionalism Wilfred J. Ethier 5. The World Trade Organization and International Economic Integration: Legal Aspects Dencho Georgiev 6. Preferential Liberalisation in a Hub-and-Spoke Configuration versus a Free Trade Area Ronald J. Wonnacott 7. The Economic Case for Reciprocal Trade Negotiations: Gains from Both Imports and Exports Paul Wonnacott and Ronald J. Wonnacott 8. Understanding the Barriers to Entry Effects of Rules of Origin in Preferential Trading Arrangements with an Application to Asian FTAs Olivier Cadot, Jaime de Melo and Alberto Portugal-Pérez 9. The Limits to Integration Michele Fratianni and Francesco Marchionne 10. Technology and Globalisation Richard G. Lipsey 11. Globalisation: An Anatomy Miroslav N. Jovanović PART II: REGIONAL GROUPS 12. A New Era for Europe: The Lisbon Treaty – From Constitution to Lisbon Treaty Dušan Sidjanski 13. EU Policies and Policy-making Phedon Nicolaides 14. From the Barcelona Process to the Union for the Mediterranean: Rhetoric versus the Record Yiannis Tirkides and Andreas Theophanous 15. The North American Free Trade Agreement: Fait Accompli? Murray G. Smith 16. Regional Integration in East Asia Richard Pomfret 17. East Asia’s Economic Integration and Institutional Cooperation for Further Integration Daisuke Hiratsuka 18. Integration Efforts and Economic Dynamics in South America Cláudio R. Frischtak 19. Structural Adjustment in Latin America: From Crisis to Ambiguity Anil Hira 20. Economic Integration in Sub-Saharan Africa Lisa Borgatti 21. Globalisation Challenges and New Arab Regionalism: Towards a New Deal of South–South Integration Mohieddine Hadhri 22. Towards a Relance Arabe? Bilateral and Regional Economic Integration Initiatives in the Middle East and North Africa Tomer Broude Index

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Book SynopsisEconomists have long relied on cross-country regression analysis to identify the determinants of continued growth, but with only limited success. This book demonstrates the value of a different approach.The editors isolate three attributes that appear to be associated with long-term growth. First, whatever the form of the decision-making authority, all are ultimately subject to an element of political constraint: the population at large must eventually experience the benefits of growth if the authority is to remain in power. Broad-based growth is therefore required for growth to be sustained. Second, given the complexity and dynamism of the world, and our imperfect understanding of how it works, ideological rigidity will inevitably prove disastrous, whereas pragmatism and responsiveness to changing conditions and to ineffective policy initiatives are more likely to prolong growth. Third, unconventional substitutes can fill critical gaps while more formal institutions are being developed, thus hastening the growth process in the short run. Drawing on the knowledge and understanding of local circumstances of researchers from the case-study countries, this book will appeal to post-graduate students studying development; particularly poverty, trade, investment and migration. Development practitioners concerned with the impact of developed-country policies on poverty in the developing world will also find this a captivating read.Trade Review'McMahon, Esfahani, and Squire have edited a useful volume of regional studies on economic growth. Recommended.' -- P.N. Hess, ChoiceTable of ContentsContents: Foreword Gobind Nankani Introduction: Re-examining Long-run Growth: Insights from Case Studies Gary McMahon, Hadi Salehi Esfahani and Lyn Squire 1. Understanding Economic Growth in Specific Contexts: An Overview of the First Phase of Global Research Project ‘Explaining Growth’ Hadi Salehi Esfahani 2. Explaining East Asian Growth: Converting Potential into Actual Growth Peter Warr 3. Explaining Growth in South Asia Siddiqur Osmani 4. Economic Growth in Latin America in the Twentieth Century Gary McMahon 5. Understanding Common Trends and Variations in the Growth Experience of MENA Countries Hadi Salehi Esfahani 6. Explaining Four Decades of Growth in Sub-Saharan Africa Augustin Kwasi Fosu and Ernest Aryeetey 7. Growth Experience and Prospects of Central and Eastern European Countries: A Synthesis Jan Fidrmuc, Mark Chandler and Julius Horvath 8. Explaining Economic Growth in the Commonwealth of Independent States Gur Ofer and Richard Pomfret 9. Diversity in Growth Experiences: The Role of Substitutes for the Fundamentals Hadi Salehi Esfahani, Gary McMahon and Lyn Squire Combined References Index

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Book SynopsisSubsidies and countervail have been the subject of much attention in recent decades. In this book, the editors have selected seminal contributions to the literature on the economics of subsidies and countervailing duties in international trade, their role in trade agreements and their treatment in the GATT/WTO system. Table of ContentsContents: Acknowledgements Introduction Marc Bacchetta and Michele Ruta PART I THE ECONOMICS OF SUBSIDIES AND COUNTERVAILING DUTIES A The Economics of Subsidies in Open Economy: Production Subsidies 1. Jagdish Bhagwati and V.K. Ramaswami (1963) ‘Domestic Distortions, Tariffs and the Theory of Optimum Subsidy’ 2. Harry G. Johnson (1965), ‘Optimal Trade Intervention in the Presence of Domestic Distortions’ B The Economics of Subsidies in Open Economy: Export Subsidies 3. James A. Brander and Barbara J. Spencer (1985), ‘Export Subsidies and International Market Share Rivalry’ 4. Avinash Dixit (1984), ‘International Trade Policy for Oligopolistic Industries’ 5. Jonathan Eaton and Gene M. Grossman (1986), ‘Optimal Trade and Industrial Policy Under Oligopoly’ 6. Giovanni Maggi (1996), ‘Strategic Trade Policies with Endogenous Mode of Competition’ 7. Gene M. Grossman and Henrik Horn (1988), ‘Infant-Industry Protection Reconsidered: The Case of Informational Barriers to Entry’ 8. Kyle Bagwell and Robert W. Staiger (1989), ‘The Role of Export Subsidies When Product Quality is Unknown’ 9. Horst Raff and Young-Han Kim (1999), ‘Optimal Export Policy in the Presence of Informational Barriers to Entry and Imperfect Competition’ C The Economics of Subsidies in Open Economy: Subsidies to R&D 10. Barbara J. Spencer and James A. Brander (1983), ‘International R&D Rivalry and Industrial Strategy’ 11. Kyle Bagwell and Robert W. Staiger (1994), ‘The Sensitivity of Strategic and Corrective R&D Policy in Oligopolistic Industries’ 12. Dermot Leahy and J. Peter Neary (1999), ‘R&D Spillovers and the Case for Industry Policy in an Open Economy’ D The Economics of Countervailing Duties: Countervailing Duties When Markets Are Perfect 13. Alan O. Sykes (1989), ‘Countervailing Duty Law: An Economic Perspective’ 14. Robert C. Feenstra (1986), ‘Trade Policy with Several Goods and “Market Linkages”’ E The Economics of Countervailing Duties: Countervailing Duties with Market Imperfections 15. Barbara J. Spencer (1988), ‘Capital Subsidies and Countervailing Duties in Oligopolistic Industries’ 16. Barbara J. Spencer (1988), ‘Countervailing Duty Laws and Subsidies to Imperfectly Competitive Industries’ 17. David R. Collie (1991), ‘Export Subsidies and Countervailing Tariffs’ 18. David R. Collie (1994), ‘Endogenous Timing in Trade Policy Games: Should Governments Use Countervailing Duties?’ 19. Larry D. Qiu (1995), ‘Why Can’t Countervailing Duties Deter Export Subsidization?’ F Empirical Analysis: The Effects of Subsidies 20. Dani Rodrik (1995), ‘Taking Trade Policy Seriously: Export Subsidization as a Case Study in Policy Effectiveness’ 21. Douglas A. Irwin and Nina Pavcnik (2004), ‘Airbus versus Boeing Revisited: International Competition in the Aircraft Market’ G Empirical Analysis: The Effects of Countervailing Measures 22. J.M. Finger, H. Keith Hall and Douglas R. Nelson (1982), ‘The Political Economy of Administered Protection’ 23. Wendy L. Hansen (1990), ‘The International Trade Commission and the Politics of Protectionism’ 24. Michael P. Leidy (1997), ‘Macroeconomic Conditions and Pressures for Protection Under Antidumping and Countervailing Duty Laws: Empirical Evidence from the United States’ 25. Michael P. Gallaway, Bruce A. Blonigen and Joseph E. Flynn (1999), ‘Welfare Costs of the U.S. Antidumping and Countervailing Duty Laws’ PART II LAW AND ECONOMICS OF WTO SUBSIDY AND COUNTERVAILING DISCIPLINES A Institutions and History 26. John H. Jackson (1997), ‘The Perplexities of Subsidies in International Trade’ 27. Alan O. Sykes (2005), ‘Subsidies and Countervailing Measures’ 28. Gilles Gauthier, Erin O’Brien and Susan Spencer (2000), ‘Déjà Vu, or New Beginning for Safeguards and Subsidies Rules in Services Trade?’ B The Economics of Subsidy Agreements: Subsidy Agreements 29. Kyle Bagwell and Robert W. Staiger (2002), ‘Agricultural Export Subsidies’ 30. Dermot Leahy and J. Peter Neary (2009), ‘Multilateral Subsidy Games’ C The Economics of Subsidy Agreements: Subsidy Rules in Trade Agreements 31. Kyle Bagwell and Robert W. Staiger (2006), ‘Will International Rules on Subsidies Disrupt the World Trading System?’ 32. Henrik Horn, Giovanni Maggi and Robert W. Staiger (2010), ‘Trade Agreements as Endogenously Incomplete Contracts’ D The Economics of Subsidy Agreements: Countervailing Disciplines in Trade Agreements 33. Gene M. Grossman and Petros C. Mavroidis (2003), ‘US – Lead and Bismuth II United States – Imposition of Countervailing Duties on Certain Hot-Rolled Lead and Bismuth Carbon Steel Products Originating in the United Kingdom: Here Today, Gone Tomorrow? Privatization and the Injury Caused by Non-Recurring Subsidies (WT/DS138; DSR 2000:V, 2595; DSR 2000:VI, 2623)’ 34. Henrik Horn and Petros C. Mavroidis (2003), ‘United States – Preliminary Determinations with Respect to Certain Softwood Lumber from Canada (WT/DS236; DSR 2002:IX, 3597): What Is a Subsidy?’ PART III AN ECONOMIC PERSPECTIVE ON WTO CASE LAW 35. Merit E. Janow and Robert W. Staiger (2003), ‘Canada – Dairy Canada – Measures Affecting the Importation of Dairy Products and the Exportation of Milk (WT/DS113; WT/DS103; DSR 1999:V, 2057, DSR 1999:VI, 2097; DSR 2001:XIII, 6829; DSR 2001:XIII, 6865; DSR 2003:I, 213; DSR 2003:I, 255)’ 36. Andre Sapir and Joel P. Trachtman (2008), ‘Subsidization, Price Suppression, and Expertise: Causation and Precision in Upland Cotton’ 37. Gene M. Grossman and Petros C. Mavroidis (2003), ‘United States – Countervailing Measures Concerning Certain Products from the European Communities (WTO Doc. WT/DS212/AB/R; DSR 2003:I, 5; DSR 2003:I, 73): Recurring Misunderstanding of Non-Recurring Subsidies’

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Book SynopsisGlobalization has increased both the heterogeneity and the stakes of bilateral economic relationships. Drawing on recent macroeconomic and microdata studies, Peter A.G. van Bergeijk estimates the impact of market failures and related border effects, exploring under which conditions these can be solved by state visits, export promotion and embassies. The book presents an overview of the general aspects of trade uncertainty, a central element in the analysis of economic diplomacy, illustrating that some instruments, such as sanctions (both positive and negative), increase trade uncertainty, whilst others - multilateral trade policy, for instance - aim to reduce this uncertainty. Commercial policy and bilateral economic diplomacy are explored, and economic sanctions analysed. An extensive review of the literature and empirical investigations of 161 sanctions and the commercial relationships of 37 countries provide topical and empirical perspectives on how international diplomacy may both be a cost and a benefit of the key drivers of productivity growth. Finally, policy conclusions are drawn, and a future research agenda presented.This timely, state-of-the-art treatment of economic diplomacy will be of enormous interest to students, researchers, and academics focussing on international political economy, international economics and public policy. Policy makers will also find much to engage them within this book.Trade Review'This book provides the political flesh to the bones of theoretical and empirical work in international trade. It brings together several recent developments in the literature, including the econometric developments in gravity modelling, the emphasis on firm heterogeneity, and the increased attention for political, institutional and cultural factors as relevant dimensions of distance explaining important parts of observed variations in trade intensities between nation states. The book is highly recommended to applied researchers and policy makers interested in the political economy of globalization.' -- Henri L.F. de Groot, Vrije Universiteit, Amsterdam, The NetherlandsTable of ContentsContents: Preface 1. Introduction: New Challenges to Economic Diplomacy Part I: Economic Diplomacy and Trade Uncertainty 2. Trade and Conflict (and Vice Versa) 3. Trade Uncertainty and Trade Disruption Part II: Economic Diplomacy and Commercial Policy 4. Commercial Policy and Economic Diplomacy: Why? 5. The Weight of Bilateral Economic Diplomacy and Commercial Policy Revisited Part III: Economic Statecraft: The Case of Sanctions 6. Failures and … Successes of Economic Sanctions 7. The Expected Utility of Positive and Negative Economic Sanctions Part IV: Policy Conclusions and Further Research 8. An Agenda for Economic and Commercial Diplomacy References Index

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Book SynopsisLike the ancient Roman god Janus, globalization has two faces, one benign and the other malign. In this comprehensive and authoritative book, Dilip K. Das fills a gap in the literature by examining both aspects of the contemporary phase of economic globalization.Because globalization has had both welfare-enhancing, propitious consequences as well as detrimental ones, it has become an acutely contentious subject matter among both scholarly and public policy-making communities. Contemporary globalization cannot be studied without a balanced treatment of both facets. The author provides precisely that, covering large thematic areas of the global economy and globalization through the channels of trade, financial flows, attention to newly emerging trends as well as historical perspective. Neither overly technical nor highly model-oriented, this accessible book will be of great interest to scholars, students and other readers interested in a broad and balanced view of globalization.Table of ContentsContents: Preface 1. Conceptual Globalism and Globalization: An Initiation 2. Winners of Globalization 3. Globalization, that Versatile Villain 4. A Vituperative Anti-Globalization Movement 5. The Smiling Face of Globalization: The Market-Driven Ascent of the Dynamic South Bibliography Index

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Book SynopsisThis highly topical book explores the effects of the current economic crisis on the European Union, and, illustrating that there is no single solution, prescribes the most effective ways of managing this unprecedented period of turbulence. During the current economic crisis, recurring questions on the validity of the liberal economic system have resurfaced concerning the role of the state and the free market, the proactive use of fiscal policies, economic nationalism and environmental sustainability. However, due to the depth and scope of the crisis, new emphasis is being placed on these issues. This book attaches great importance to the specific consequences for the European Union by addressing critical themes surrounding its role in the new era of global economic governance. These include the coherence of common monetary policy with national fiscal policies, new financial regulation and supervision, the future sustainability of national rescue plans and their compatibility with ambitious targets, such as those addressing climate change.Offering important insights towards a much improved system for future economic governance in Europe, this timely book will prove a fascinating read for a wide-ranging audience including academics, students and researchers with an interest in economics, European finance, money and banking, and international economics. Policymakers within those fields will also find the book to be of great interest.Table of ContentsContents: Foreword Introduction 1. Shaping a New World Economic Governance: A Challenge for America and Europe Jacques Mistral 2. Do We Understand It? Forbidden Questions on the Financial Crisis Franco Bruni 3. Concrete Steps Towards More Integrated Financial Oversight: The EU’s Policy Response to the Crisis Karel Lannoo 4. Institutional and Policy Dynamics in the EMU’s Internal Governance and External Representation Daniela Schwarzer 5. EU Fiscal Policy in the Age of Turbulence: Will the Lisbon Strategy Survive It? Carlo Altomonte, Francesco Passarelli and Carlo Secchi 6. Beyond the Current Crisis: How Should Europe Deal with Government Deficits and Public Debt in Future? Fabian Zuleeg and Hans Martens 7. Feeling the Heat: Towards a Revised Governance of Climate Change Antonio Villafranca 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 SynopsisProtectionism is back on the agenda as the financial crisis deepens. With calls for measures that purport to protect low income workers growing louder in the West, it is essential that the economic arguments in favour of free trade and globalization are re-emphasised.Philip Booth and Richard Wellings have brought together key papers originally published by the Institute of Economic Affairs, which, for the past 50 years, has been vigorously defending the case for free trade, and for globalization more generally. These important papers, which are not widely available, trace the development of the debate on the benefits of free trade during the last 50 years.The editors have written an authoritative introduction which offers a comprehensive overview of the arguments for and against globalization.Trade Review‘Deftly co-edited by Philip Booth and Richard Wellings, Globalization and Free Trade is a 713-page compendium consisting of informed and informative essays focused on free trade and the process of economic globalization. . . an indispensable contribution to academic library economics reference collections in general, and supplemental reading lists on the issues of economic globalization in particular.’Table of ContentsContents: Acknowledgements Foreword Deepak Lal Introduction Philip Booth and Richard Wellings 1. Harry G. Johnson (1969), ‘On Demolishing Barriers to Trade’ 2. David Greenaway and Christopher Milner (1979), ‘Identifying The Protective Motive: A. “Electoral” Influences, and B. Intervention and Market Failure’ 3. Deepak Lal ([1983] 1997), ‘Introduction’, ‘The External Environment I: Trade’ and ‘The External Environment II: Commodities and Foreign Capital’ 4. David Greenaway (1988), ‘The Politics of Protection’ 5. Charles Mensah (1991), ‘Economic Freedom for Africa’ 6. Jagdish Bhagwati (1995), ‘Free Trade, “Fairness” and the New Protectionism’ 7. Sir Alan Walters (1996), ‘Does the World Need a World Bank?’ 8. Fred L. Smith, Jr. (1996), ‘Trade and the Environment: Where Are We Going?’ 9. Paul Collier (1998), Living Down the Past: How Europe Can Help Africa Grow 10. David Henderson (1998), ‘Part 2: The Uneasy Trend to Economic Liberalism’ 11. Marcus Noland (1999), The New Protectionists: The Privatisation of US Trade Policy 12. Lord Harris of High Cross (2002), ‘Adam Smith: Revolutionary for the Third Millennium’ 13. Charles W. Calomiris (2002), A Globalist Manifesto for Public Policy: The Tenth Annual IEA Hayek Memorial Lecture 14. Forrest Capie (2002), Capital Controls: A “Cure” Worse than the Problem? 15. Deepak Lal (2003), ‘In Defence of Empires’ 16. Daniel T. Griswold (2003), ‘Migration, Globalisation and the Spirit of Peter Bauer’ 17. Andrew Ryder (2003), ‘Anti-Globalisation: Bad Wine in New Bottles?’ 18. David Henderson (2004), ‘Globalisation, “Civil Society” and “Global Governance”’ and ‘Global Salvationism and Consensus Pressures’ 19. Gerald P. O’Driscoll, Jr. and Sara F. Cooper (2005), ‘International Trade and Global Stability’ 20. E.J. Mishan (2005), ‘Can Globalisation Depress Living Standards in the West?’ 21. John Meadowcroft (2006), ‘Free Trade, “Pauper Labour” and Prosperity: A Reply to Professor Mishan’ 22. E.J. Mishan (2006), ‘A Rejoinder to John Meadowcroft’ 23. Krisztina Kis-Katos and Günther G. Schulze (2005), ‘Regulation of Child Labour’ 24. Jasson Urbach (2007), ‘Development Goes Wireless’ 25. Eamonn Butler (2007), ‘The Wealth of Nations’, in Adam Smith: A Primer’ 26. Philip Booth and Linda Whetstone (2007), ‘Half a Cheer for Fair Trade’ 27. Razeen Sally (2008), Trade Policy, New Century: The WTO, FTAs and Asia Rising Name Index

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Book SynopsisHigher education has entered center-stage in the context of the knowledge economy and has been deployed in the search for economic competitiveness and social development. Against this backdrop, this highly illuminating Handbook explores worldwide convergences and divergences in national higher education systems resulting from increased global co-operation and competition. The expert contributors reveal the strategies, practices and governance mechanisms developed by international and regional organizations, national governments and by higher education institutions themselves. They analyze local responses to dominant global templates of higher education and the consequences for knowledge generation, social equity, economic development and the public good. This comprehensive and accessible Handbook will prove an invaluable reference tool for researchers, academics and students with an interest in higher education from economics, international studies and public policy perspectives, as well as for higher education policy makers, and funding and governance bodies. Contributors include: P. Brown, V. Carpentier, Q. Chen, D.D. Dill, J. Enders, E. Hazelkorn, G.A. Jones, S.G. Kamat, T. Kim, R. King, H. Lauder, Y. Lebeau, M. Li, A. Maldonado-Maldonado, S. Marginson, K.H. Mok, M. Mollis, C. Musselin, R. Naidoo, M. Olssen, M.A. Peters, E. Sall, M. Singh, W.G. Tierney, E. Unterhalter, J. Valimaa, M. van der Wende, J. Weinrib, D. Westerheijden, C. ZigurasTrade Review‘With 29 well-researched articles written by 31 erudite scholars of high repute drawn from various parts of the world, specifically for the book, the Handbook filled with intellectual ammunition provides an excellent reading on a multiplicity of issues relating to globalisation and higher education. The volume provides diversity of interpretation of several trends. Unlike many other books, the issues are studied not just from the point of view of a few advanced countries; the Handbook includes experiences of many developing countries. . . The Handbook would certainly be a great resource material for students, teachers and policy makers engaged in higher education.’ -- Jandhyala B.G. Tilak, Journal of Educational Planning and Administration‘. . . the Handbook constitutes an essential reference source for everyone interested in studying the current meaning, scope and implications of globalization. Strongly recommended.’ -- Higher Education ReviewTable of ContentsContents: Preface PART I: GENERIC 1. Introduction to Part I Simon Marginson 2. Imagining the Global Simon Marginson 3. Rethinking Development: Higher Education and the New Imperialism Rajani Naidoo 4. The University as a Global Institution Peter Scott 5. Three Forms of the Knowledge Economy: Learning, Creativity and Openness Michael A. Peters 6. Global Institutions: The Organization for Economic Co-operation and Development Marijk van der Wende 7. Extra-national Provision Christopher Ziguras 8. Global Institutions, Higher Education and Development Yann Lebeau and Ebrima Sall 9. Globalization, Higher Education and Inequalities: Problems and Prospects Vincent Carpentier and Elaine Unterhalter PART II: CASE STUDIES 10. Introduction to Part II Rajani Naidoo 11. Regional Responses to Globalization Challenges: The Assertion of Soft Power and Changing University Governance in Singapore, Hong Kong and Malaysia Ka Ho Mok 12. Global ‘Toolboxes’, Local ‘Toolmaking’: The Contradictions of External Evaluation in South African Higher Education Reform Mala Singh 13. Globalization and Higher Education in Canada Glen A. Jones and Julian Weinrib 14. Globalization, Internationalization and the World-class University Movement: The China Experience Mei Li and Qiongqiong Chen 15. European Higher Education and the Process of Integration Jussi Välimaa 16. Neoliberal Globalization and Higher Education Policy in India Sangeeta G. Kamat 17. Globalization and Higher Education in South Korea: Towards Ethnocentric Internationalization or Global Commercialization of Higher Education? Terri Kim 18. The Invisible Topics on the Public Agenda for Higher Education in Argentina Marcela Mollis 19. Globalization, a Knowledge-based Regime and Higher Education: Where do Mexican Universities Stand? Alma Maldonado-Maldonado 20. Globalization in the USA: The Case of California William G. Tierney 21. The Strange Death of the Liberal University: Research Assessments and the Impact of Research Mark Olssen PART III: GLOBAL GOVERNANCE 22. Introduction to Part III Roger King 23. Strategizing and Ordering the Global Simon Marginson 24. Governing Knowledge Globally: Science, Structuration and the Open Society Roger King 25. Governing Quality David A. Dill 26. Convergences and Divergences in Steering Higher Education Systems Christine Musselin 27. The Bologna Process: From the National to the Regional to the Global, and Back Jürgen Enders and Don F. Westerheijden 28. The Standardization of Higher Education, Positional Competition and the Global Labor Market Hugh Lauder and Phillip Brown 29. Measuring World-class Excellence and the Global Obsession with Rankings Ellen Hazelkorn Index

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Book SynopsisThe Handbook on the Economics of Conflict conveys how economics can contribute to the understanding of conflict in its various dimensions embracing world wars, regional conflicts, terrorism and the role of peacekeeping in conflict prevention. The economics of conflict is a relatively new branch of the discipline of economics. Conflict provides opportunities for applying game theory involving strategic behaviour, interactions and interdependence between adversaries. The Handbook demonstrates that conflict and its prevention is costly; it considers new dimensions such as ethnic cleansing, destructive power, terrorism, corruption, the impact of new technology, peacekeeping, the role of economists in defence ministries and the use of private contractors in conflict. This unique and comprehensive resource presents a set of original contributions by distinguished experts, providing theoretical, empirical and case-study material. It will prove invaluable for students and researchers interested in defence and peace economics, international relations and strategic studies. Policymakers and defence industry executives will also find this book a fascinating read. Contributors : C. Anderton, S.H. Bae, C.P. Barros, N. Bennett, U. Berkok, L. Bilmes, V. Bove, D. Braddon, J. Bradley, J. Brauer, J. Carter, F. Coulomb, N. Davies, S. Davies, P. Dowdall, J.P. Dunne, A. Gibbons, L.A. Gil-Alana, P. Hall, K. Hartley, J. Hudson, D. Jones, C. Kollisa, S. Markowski, A. Ott, S.M. Paleologou, K. Pittel, I. Ringel, D. Rübbelke, Selami Sezgin, Sennu Sezgin, R. Smith, B. Solomon, J. Stiglitz, A. Tishler, T. Turner, M. Vahabi, V. ZervosTrade Review’Conflict and the need for defense against conventional and nonconventional threats are as important today as they have ever been owing to nuclear proliferation, terrorism, and myriad conflicts. The Handbook offers a new look at many of the key conflict concerns that challenge the world today. The papers are authored by many of the best researchers in the field and is a must read for any policymaker, scholar, or student interested in cutting-edge treatment of these problems.’ -- Todd Sandler, University of Texas at Dallas, USTable of ContentsContents: 1. Introduction Derek L. Braddon and Keith Hartley 2. The History of Economic Thought on Conflict Fanny Coulomb PART I: THEORY 3. A Bargaining Theory Perspective on War Charles H. Anderton and John R. Carter 4. Modeling Mass Killing: For Gain or Ethnic Cleansing? Attiat F. Ott and Sang Hoo Bae 5. The Economics of Destructive Power Mehrdad Vahabi 6. The Government Budget Allocation Process and National Security: An Application to the Israeli–Syrian Arms Race Itay Ringel and Asher Tishler 7. Characteristics of Terrorism Karen Pittel and Dirk Rübbelke 8. Conflict and Corruption John R. Hudson 9. Conflict in Space Vasilis Zervos 10. The Economics of Peacekeeping Vincenzo Bove and Ron Smith 11. Peacekeeping, Private Benefits and Common Agency Ugurhan G. Berkok and Binyam Solomon 12. The Long-term Costs of Conflict: The Case of the Iraq War Linda J. Bilmes and Joseph E. Stiglitz 13. Macroeconomics and Violence Jurgen Brauer and J. Paul Dunne PART II: CASE STUDIES 14. The Macroeconomic Effects of Conflict: Three Case Studies Christos Kollias and Suzanna-Maria Paleologou 15. Economics of Conflict: Turkey’s Experience Sennur Sezgin and Selami Sezgin 16. Terrorism: The Case of ETA Carlos P. Barros and Luis A. Gil-Alana 17. Helping Secure the ‘Biggest Bang for the Taxpayers’ Buck’: Defence Resource Management in the United Kingdom Neil Davies, Tony Turner, Andrew Gibbons, Stuart Davies, David Jones and Nick Bennett 18. The Economic Impact of the Conflict in the Balkans: The Case of Serbia Derek L. Braddon, Jonathan Bradley and Paul Dowdall 19. The Strategic Bombing of Germany in the Second World War: An Economic Perspective Keith Hartley 20. The Reprivatization of War Stefan Markowski and Peter Hall Index

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Book SynopsisThe main challenges the European Single Market is facing in the 21st century result from the enlargement to Central and Eastern Europe, the EMU, and the globalization of trade and investment that has aided the rise of competitive emerging markets. This state-of-the-art book provides fresh theoretical and empirical evidence on the challenges presented by integration and globalization for both developed and developing countries. The authors demonstrate how the European Single Market remains a work in progress with many critical issues still to be addressed. These include the rigidities in product and labor markets, the need for innovation and quality upgrading, and the rapid catch-up of new member countries. They go on to show how firms use the opportunities provided by integration and globalization to fragment their production processes internationally, which brings gains but also requires structural adjustment. The book also argues that global environmental coordination may be less detrimental to the growth prospects of developing countries than is commonly believed. Illustrating a number of methodologies, this book will be a great resource tool for postgraduates and undergraduates in the fields of international economics and business, as well as researchers and policy-makers.Trade Review'In some respects, intra-EU integration and globalisation move together since the Union is very open. In other respects, there are frictions such as a slowly widening wage gap between skills and the fear of continuous relocation of companies to other continents. This book highlights the interaction between these two phenomena in various ways by adding new empirical work on globalisation e.g. outsourcing, spill-overs for developing countries under climate change strategies ("carbon leakage" in EU jargon) and exchange pass-through after opening the economy to globalisation (example, India). For the EU the double challenge of absorbing the impact of globalisation and the ambitious deepening of its internal market is discussed by (rightly) focussing on EU countries most vulnerable to globalisation, i.e. the new Member States given their new production and trade structures. Altogether, a timely and useful contribution.' -- Jacques Pelkmans, College of Europe, Bruges and Vlerick School of Management (Leuven & Gent), Belgium'This is a well-researched collection by known and aspiring authors. Their mission is to describe and analyse the phenomenon of globalization with special reference to the European exemplar of this state of affairs, namely the EU. The reader will find enlightening material here on diverse aspects of the economic impact of Europeanization-globalization: students of modern international economics should find it on their reading lists.' -- Michael Artis, University of Manchester, UK'This is a collection of papers that is stimulating and rewarding to read. This book is a "must read" for graduate students, professional researches and policy-makers.' -- Hamid Beladi, University of Texas, San Antonio, US'Here is a volume that discusses the challenges of globalization and integration for both the European Union and for developing countries. Important issues like innovation, competition, integrated markets, outsourcing and exchange rate pass-through are discussed in detail. This volume will be of interest to practitioners and researchers interested in the challenges facing the global economy.' -- Rick van der Ploeg, University of Oxford, UKTable of ContentsContents: Preface PART I: OVERVIEW 1. Integration and Globalization: An Overview Helena Marques, Elias Soukiazis and Pedro Cerqueira PART II: EUROPEAN ECONOMIES AND INTEGRATION 2. Challenges for the Internal Market in the 21st Century Fabienne Ilzkovitz, Adriaan Dierx, Viktoria Kovacs and Nuno Sousa 3. Testing Nominal Rigidities in an Integrated Economy: An Application to Spain Maria Ángeles Caraballo and Carlos Usabiaga 4. Innovation, Competitiveness and Growth: The Case of Central and Eastern European Countries Eleonora Cavallaro and Marcella Mulino 5. Price Convergence in the New EU Member States: Selected Aspects and Implications Václav Zd’árek PART III: DEVELOPING ECONOMIES AND GLOBALIZATION 6. Outsourcing: A Story of Metamorphosis Soumodip Sarkar 7. International Spillovers and Learning by Doing in a Regionalized Model of Climate Change: A Post-Kyoto Analysis Nicola Cantore 8. Assessing Exchange Rate Pass-Through in India During Recent Globalization Sushanta Mallick and Helena Marques 9. A Dynamic CGE Analysis of the EU–Jordan FTA: Welfare and Policy Implications Omar Feraboli Index

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Book SynopsisThe 2007 financial and economic crisis that began in the United States and quickly spread around the world differed from earlier crises in a number of significant ways. This book examines the causes of these events in the US, and their impacts on North America, Europe, Asia and Australia.As with previous crises, real estate booms and busts and excessive financial leverage played key roles; however, the most recent crisis had many unique aspects to it, all of which are explored here in depth. This includes the role played by large international banks, shadow banks, increased global liquidity, population growth and other factors. Collectively, these factors contributed to interconnected economies and financial markets to an extent that never existed before. The net result was the unprecedented ripple effect of the crisis from the US and into the rest of the world. The impact in the US was significantly different than the impact in Canada, Japan, Spain and other countries. Significantly, the global effects of the crisis varied widely from country to country, as did government responses to the crisis. The contributors to this book ? international academics, bank regulators, and practitioners ? critique the crises and important international regulatory issues from the point of view of various countries. Academics, regulators, legislators and financial practitioners will do well to add this book to their shelves.Table of ContentsContents: Preface PART I: NORTH AMERICA 1. Global Financial Crises Benton E. Gup 2. Spillover Effects from the US Financial Crises: Some Time-Series Evidence from National Stock Returns Apanard Penny Angkinand, James R. Barth and Hyeongwoo Kim 3. Canadian Banks and the North American Housing Crisis James A. Brox PART II: EUROPE 4. The German Banking System and the Financial Crisis Horst Gischer and Peter Reichling 5. No Free Lunch – No Decoupling, the Crisis and Hungary: A Case Study Júlia Király and Katalin Mérő PART III: ASIA AND AUSTRALIA 6. An Analysis of the Ripple Effects of the Global Financial Crisis on the South Korean Economy and the Recovery Jungeun Kim, Kyeong Pyo Ryu and Doowoo Nam 7. Promulgation of the US Housing Market Crisis into Asia: Impacts and Depths Masanori Amano and Hikari Ishido 8. How Australia Survived the Global Financial Crises Chris Bajada and Rowan Trayler PART IV: INTERNATIONAL REGULATORY ISSUES 9. A Single Financial Market and Multiple Safety-Net Regulators: The Case of the European Union María J. Nieto 10. The Global Financial Crises: Back to Basics, Bank Supervision in Developing Countries Thomas Lutton and Joseph Cauthen 11. Hedge Funds and Offshore Financial Centers: New Challenges for the Regulation of Systemic Risks Navin Beekarry Index

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Book SynopsisThis unique book synthesizes and extends the immigrant-trade literature and provides comprehensive coverage of this timely and important topic. In that vein, the author contributes to the understanding of the relationship between immigration and trade and sheds light on a noteworthy aspect of globalization that both confronts policymakers with challenges and offers the potential to overcome them. Roger White documents the pro-trade influences that immigrants have on US imports from, and exports to, their respective home countries. Variations in the immigrant-trade link are addressed, as are the underlying factors that may determine the existence and operability of that link. The findings have direct implications for US immigration policy, suggesting that too few immigrants are currently admitted to the country and that a more liberal immigration policy may enhance social welfare. This book contains valuable economic analyses for undergraduates, postgraduates, researchers, educated laypersons and practitioners who are interested in public policy, international trade and economics, migration studies, international relations and globalization.Table of ContentsContents: Part I: What is the Immigrant–Trade Link and Why it Matters 1. An Overview of the Immigrant–Trade Relationship 2. What are the Channels through Which Immigrants Affect Trade? 3. Lessons from Prior Studies of the Immigrant–Trade Link Part II: What Factors May Underline the US Immigrant–Trade Link 4. A Brief Review of US Immigration History 5. Primacy, Recency and the US Immigrant–Trade Relationship 6. The Importance of Trade-facilitating Infrastructure 7. Cultural Distance between the US and Immigrants’ Home Countries Part III: Examining the US Immigrant–Trade Link 8. Empirical Specification, Variable Construction and Data Sources 9. Verification of the Immigrant–Trade Link 10. Variation in the Immigrant–Trade Link Part IV: Implications and Opportunities 11. Lessons for US Immigration Policy 12. Summing-up: Concluding Thoughts and (Yet) Unanswered Questions 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 SynopsisHigher education functions in a global environment of consumers, employees, competitors, and partners. It has been a force for globalization and a model for adaptation, but nonetheless faces challenges. This volume of essays examines emerging issues and opportunities for advancing education across borders.The demands upon and need for higher education have never been greater at both the individual and societal levels, and the avenues for pursuing the mission of higher education have greatly expanded due to globalization. This volume examines how strategically minded institutions can better fulfill their mission in a global environment while promoting international collaboration and strengthening the world economy. Chapter authors include prominent senior administrators from higher education and leading researchers on higher education and globalization. They provide new and actionable information to enhance decision making and inform strategic planning as well as a contemporary examination of the business of higher education and areas of potential new research.This book is an excellent resource for academic administrators, as well as for researchers and students in business, management, economics, education, and public sector economics.Trade Review‘The book serves as a practical guide on how to go with certain modes of internationalisation of higher education. However, this is more than a mere practical guide. . . though written from a distinctively US perspective, the insights provided by the scholars will be found useful by higher education administrators in other countries as well.’ -- Jandhyala B.G. Tilak, Journal of Educational Planning and Administration‘Higher Education in a Global Society delves deeply into the compelling challenges and opportunities facing higher education in cultivating world citizens. An exceptional range of scholars offers insights providing direction and guidance for colleges ready to respond to globalization – from institutions crossing borders to creating international experiences at home, from students studying abroad to international students journeying to the United States, and from the critical demands on administrators to the vital contributions of faculty.’ -- J. Michael Adams, Fairleigh Dickinson University and International Association of University Presidents, US‘Higher Education in a Global Society should be of tremendous practical value to deans and provosts contemplating an international partnership or program. Written in a most accessible style by a combination of higher education scholars and veteran academic administrators, it provides a nuanced understanding of both the pitfalls and unanticipated benefits from such programs.’‘Preparing students for the 21st century labor force requires exposure to other cultures and societies. This volume discusses ways to build richer campus experiences for achieving this requirement. Different chapters explore research connections, international visitors and students, campuses abroad, study abroad programs, and curriculum changes. By presenting case studies from different types of institutions, the editors and authors offer ideas that can be useful throughout higher education. -- Teresa A. Sullivan, President, University of Virginia, USTable of ContentsContents: Foreword Roger W. Ferguson, Jr. Introduction Paul J. Yakoboski 1. The Significance of Globalization to American Higher Education D. Bruce Johnstone 2. The Realities of Mass Higher Education in a Globalized World Phillip G. Altbach 3. Higher Education Crossing Borders: Programs and Providers on the Move Jane Knight 4. International Research Collaborations Elizabeth D. Capaldi 5. Offering Domestic Degrees Outside the United States: One University’s Experiences Over the Past Decade Mark S. Kamlet 6. Creating Successful Study Abroad Experiences M. Peter McPherson and Margaret Heisel 7. Creating an International Experience on the Domestic Campus Kathleen M. Waldron 8. The Centrality of Faculty to a More Globally Oriented Campus Patti McGill Peterson 9. Internationalizing the Scholarly Experience of Faculty Diana Bartelli Carlin 10. Bringing International Students to Campus: Who, What, When, Where, Why and How? Charles E. Phelps 11. Reinventing Higher Education in a Global Society: A Perspective from Abroad Gowher Rizvi and Peter S. Horn 12. American Higher Education in an Increasingly Globalized World: The Way Ahead D. Bruce Johnstone Index

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Book SynopsisThis unique book provides an assessment of an Indian-EU agreement, drawing on the theory of preferential agreements, the history of India-European relations and the recent refocusing of the Indian economy. The authors explore both a broad overview of the agreement as well as a detailed examination of sensitive sectors. A preferential trade agreement between India and the EU fires the imagination. It encompasses one fifth of humanity, connecting a large developed single market together with a major developing economy, together representing sufficient scope and diversity to capture almost all the gains expected from globalization. After a broad discussion of the agreement, the book focuses on two sensitive sectors - clothing and footwear, including the results of a stakeholder survey regarding non-tariff barriers in these industries. The book concludes that realizing the potential benefits of an India-EU agreement will depend on a clear understanding of the existing barriers to trade, careful negotiations and the willingness to implement what has been agreed. Business executives in both Europe and India as well as officials in the Indian government and EU Commission will find this innovative book a fascinating read.Trade Review‘. . . very useful reading which sheds light on many crucial points regarding a EU-India preferential trade agreement. The argument is presented accurately and with special attention to details. Moreover, the book is written in a clear and easily understandable style, with little jargon which makes it a pleasant reading for all those who have some interest in the topic.’ -- Antonella Viola, East Asian Integration Review‘This is a well-researched book outlining the salient features of trends in trade relations between India and the EU. The trade between the EU and India has grown substantially in the last decade as more trade friendly policies are pursued. The argument is presented with attention to details and the book is a source of valuable data, for example about developments in new sectors of economic co-operation. The authors write clearly and their book is an excellent source of reference for trend data.’ -- Shanti P. Chakravarty, University of Bangor, UK‘While there are no shortages of contributions on the theory or political economy of trade globalization, this monograph addresses the practical and applied side of all stages of trade negotiations between the EU, a group of countries with disparate production and hence trade structures, and an emerging economy. Written in a clear, jargon free style, this publication will be an extremely useful read for academics, policy makers and practitioners specializing in European and emerging countries trade issues.’ -- Dipak Ghosh, University of Stirling, UKTable of ContentsContents: Preface 1. Imagine 2. Preferential Trade Agreements and the Global Trading Environment 3. India’s Engagement with the World Economy 4. The Evolution of EU–India Trade Relations 5. The Indian Clothing and Footwear Industries 6. Non-Tariff Barriers 7. Preparing for an India–EU Trade Agreement 8. Oh East is East, and West is West, but What if the Twain Shall Meet? Appendices References 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 SynopsisDrawing on insights from theoretical applications, empirically based approaches and case study experience, this book contributes to the improved design and use of trade and related policy interventions in staple food markets.Trade policy interventions have a potentially critical role to play in the development of staple food markets in developing countries and, as a source of revenue, in wider processes of rural development. Governments have long defended trade and related policy interventions in staple food markets on the basis of food security concerns. However, the design and implementation of these policies has often resulted in unintended impacts, increasing the risks faced by private sector actors and reducing their incentives for investment in improved market performance. In the context of increasingly volatile staple food markets, this book, commissioned from leading experts in this field, seeks to enhance dialogue between stakeholders involved in, and affected by, the design and use of trade and related policy interventions.This significant book will appeal to policy analysts and decision makers influential in the design and implementation of trade and related market interventions, as well as students of development economics. Researchers contributing to debates on the use and impacts of trade and related market interventions in staple food markets in poor countries will also find this volume of great benefit.Trade Review‘The volume is a valuable compilation of evidence-based analysis of staple food markets in eastern and southern Africa. . . It will serve as a useful reference for applied researchers, policy-makers and development practitioners interested in food policy in developing countries.’ -- Nicholas Minot, European Review of Agricultural Economics‘As they often do, Jamie Morrison and Alexander Sarris have provided researchers, policy-makers, and the interested public with the firm empirical grounding needed for sound agricultural development policies. They have synthesized from a rich and varied set of country studies a unique contribution to one of the key challenges of our times - increasing the productivity of smallholder food production in the age of globalization.’ -- Timothy A. Wise, Tufts University, US‘Food security has been a major concern in Africa for decades, and a more pressing problem with recent increases in food prices. The editors and contributors to this volume are experts in the field and should be commended for a timely, informative and in places challenging analysis of food production and markets in eastern and southern Africa. The volume brings a refreshing variety of theoretical, analytical and informed case study approaches to bear on the food security problem; it should be read by anybody seriously interested in African development.’ -- Oliver Morrissey, University of Nottingham, UKTable of ContentsContents: Preface 1. Introduction Jamie Morrison and Alexander Sarris 2. Trade, Agriculture and Optimal Commercial Policy in Eastern and Southern Africa Edward F. Buffie 3. Smallholder Market Participation: Concepts and Evidence from Eastern and Southern Africa Christopher B. Barrett 4. Governance and Surplus Distribution in Commodity Value Chains in Africa Johan F.M. Swinnen, Anneleen Vandeplas and Miet Maertens 5. Liberalizing Trade Under Structural Constraints in Developing Countries: A General Equilibrium Analysis of Tanzania Piero Conforti and Alexander Sarris 6. Grain Marketing Policy at the Crossroads: Challenges for Eastern and Southern Africa T.S. Jayne, Antony Chapoto and Jones Govereh 7. Unofficial Cross-border Trade in Eastern Africa Peter D. Little 8. Regional Trade and Food Security: Recent Evidence from Zambia Paul A. Dorosh, Simon Dradri and Steven Haggblade 9. Maize Trade and Marketing Policy Interventions in Kenya Joshua Ariga and T.S. Jayne 10. Assessment of Maize Trade and Market Policy Interventions in Malawi Ephraim W. Chirwa 11. Alternative Staple Food Trade and Market Policy Interventions: Country-level Assessment of South Africa Lulama Ndibongo Traub and Ferdinand Meyer 12. Maize Trade and Marketing Policy Interventions in Tanzania Andrew E. Temu, Appolinary Manyama and Anna A. Temu 13. Assessment of Alternative Maize Trade and Market Policy Interventions in Zambia Jones Govereh, Antony Chapoto and T.S. Jayne 14. Trade and Market Policy Interventions: A Synthesis of Insights from Research on Eastern and Southern African Grain Markets Jamie Morrison and Alexander Sarris Index

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Book SynopsisThis book ? written by leading academics and practitioners in the field ? brings together cutting edge research on exchange rate regime and monetary union issues. There is a particular focus on the implications for member states of the Gulf Cooperation Council (GCC) which is itself working towards forming a monetary union for the Gulf States.The relatively dramatic movements in the US dollar in the recent past, and also in the early 1990s, have called the practice of pegging to the US dollar into question for a group of countries that predominantly rely on hydrocarbons as their primary export. The book considers the key issues which must be addressed by the GCC in trying to form a monetary union for the Gulf countries and also the rigid pegging of member states? currencies to the US dollar. The proposed monetary union raises clear issues in terms of the appropriateness of such a regime for these countries and whether, for example, the necessary institutional mechanisms are in place ahead of the proposed union. Currency Union and Exchange Rate Issues brings together the perspectives of a group of experts who focus on these important issues, and provide analysis of the policy options. Academics, policymakers and postgraduates in international finance will find much to consider and learn from in this informative book.Table of ContentsContents: 1. Introduction Ronald MacDonald and Abdulrazak Al Faris 2. Currency Union in the GCC Countries: History, Prerequisites and Implications Abdulrazak Al Faris 3. Economic, Political and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council Willem H. Buiter 4. The Euro Experience and Lessons for the GCC Currency Union Paul De Grauwe 5. The GCC Monetary Union: Choice of Exchange Rate Regime Mohsin S. Khan 6. International Experiences in Operating Exchange Rate Regimes: Drawing Lessons from the United Arab Emirates Ronald MacDonald 7. Operational Implications of Changing to Alternative Exchange Rate Regimes Warren Coats 8. The United Arab Emirates: Exchange Rate Regime Options Zubair Iqbal Index

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