International economics Books

Book SynopsisTrade Review"Timely. . . . [China and the WTO] provides an excellent account of the legal rules with a firm grounding in economic analysis."---Henry Gao, Journal of Political Science

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Book SynopsisA pressing investigation into the global implications of China’s shift to an innovation economy. As China shifts to an economy driven by innovation and productivity growth, the global implications of this transition will be significant. Amid the rise of techno-nationalism and a changing strategic calculus around the world, the manner and means of China’s transition faces a high degree of scrutiny. China is attempting to balance a reliance on overseas sources of technology alongside efforts to strengthen domestic innovation capabilities as a hedge against the risks of a United States-led “decoupling.” In these circumstances, it is essential to understand the many different forces of change within China, and the way China responds to outside changes. The evolution of China's innovation economy will be one of the key economic stories of the early twenty-first century, and the world will need China as a source of innovation in the decades ahead. The aim of this book is to help build a better framework for policymakers to find a new equilibrium in negotiating the terms of an oncoming shift in geopolitics.Trade Review“Those who wish to pronounce on the subject [of China’s status as a rising technology power] might do well to work their way through this book first. The entries are measured and reasoned; there is deafening silence from the absence of axes being ground.” -- Peter Gordon * Asian Review of Books *“This book is a timely addition to the literature discussing the policies and strategies that have put China on the path of rapid technological progress. . . . Bert Hofman, Erik Baark, and Jiwei Qian do a wonderful job of setting the stage for capturing China’s technological progress for the subsequent chapter contributors”. * Pacific Affairs *“The explicit incorporation of the US–China conflict alone makes this book worth reading…. Readers interested in the implications of China’s transformation into an innovation state will gain a significant amount of information from this book’s multifaceted and timely analysis.” * The China Journal *Table of Contents 1. Introduction: Innovation and China's Global Emergence Bert Hofman, Erik Baark and Jiwei Qian Part One: Implications of China's Innovation Emergence 2. China and the U.S, Technology: Conflict or Cooperation? Gary H. Jefferson 3. The US-China Trade War and Myths about Intellectual Property and Innovation in China Dan Prud'homme 4. Global Implications of China's Policies on Indigenous Innovation Erik Baark 5. China's Talent Challenges Revisited Cong Cao and Denis Fred Simon 6. China's International S&T Relations: From Self-Reliance to Active Global Engagement Denis Fred Simon 7. How Does International Collaboration Lead to Radical Innovation in Latecomer Firms? Xiaolan Fu, Cintia K??lzer-Sacilotto, Haibo Lin and Hongru Xiong Part Two: Industrial Policy Challenges 8. PRC Industrial Policies Postdate Rather than Lead Economic Activity Carsten Holz 9. Made in China 2025 and the Proliferation of Intangible Assets Anton Malkin 10. Industrial Policy and Competitive Advantage: A Comparative Study of the Cloud Computing Industry in Hangzhou and Shenzhen Bai Gao and Yi Ru 11. Global Value Chains and the Innovation of the Chinese Mobile Phone Industry Yuqing Xing List of Contributors Index

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Book SynopsisTrade Review[A] superbly argued and important book. America is no longer the home of the free-market economy…The great obstacle to action in the U.S. is the pervasive role of money in politics. The results are the twin evils of oligopoly and oligarchy…Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so. -- Martin Wolf * Financial Times *A fascinating case study of rising corporate concentration and why this reflects not just impersonal economic forces but political choices… [Philippon] concludes competition has indeed declined to the detriment of consumers. His novel contribution, though, is to contrast this with the experience of Europe… Where the U.S. was once the world’s teacher, it may be time to be the pupil. -- Greg Ip * Wall Street Journal *Fascinating…In one industry after another, [Philippon] writes, a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations—and bad for almost everyone else…Too often, both parties are still confusing the interests of big business with the national interest. And American families are paying the price. -- David Leonhardt * New York Times *Philippon sees today’s Europe, ironically the home of government-driven market intervention, as the place that has figured out how to set markets free by spurring competitiveness and thus keeping services up and prices down…The Great Reversal argues that the United States has much to gain by reforming how domestic markets work but also much to regain—a vitality that has been lost since the Reagan years. We don’t know if Philippon is a fan of Donald Trump, but his analysis points to one way of making America great again: restoring our free-market competitiveness. -- Arthur Herman * Wall Street Journal *[A] primer on the recent woes of the U.S. economy…It attributes these troubling developments to a decline in competition that has been brought about in large part by the rise of very powerful technology companies and above all by the lack of enforcement of antitrust policies. Philippon also points to the damaging role of politicians who protect the interests of their wealthy donors by sponsoring and creating loopholes in tax and regulatory laws. -- Richard N. Cooper * Foreign Affairs *Examines money in politics, and carefully knocks down tendentious arguments that such behavior does not simply reflect the rich purchasing policy outcomes that benefit themselves…Some of Philippon’s findings are eye-popping. -- Ryan Cooper * American Prospect *In this seminal book, economist Philippon uses detailed evidence to argue that, far from being the home of free-market competition, the U.S. today has less competition than the much-maligned EU, particularly in its product markets, which are riddled with monopoly and monopsony. This is not the result of natural forces, but of deliberate policy. Declining competition has raised profits, depressed wages, weakened investment and undermined productivity growth. The U.S. needs a reinvigoration of antitrust. * Financial Times *A compelling read for those interested in the dynamics of the overall innovation economy or the political debate over antitrust and Big Tech…A timely analysis of the weakening of America’s regulatory regime for protecting free market competition. -- Eric Peckham * TechCrunch *The Great Reversal is a must-read for anyone who cares about the single most important issue of our time—the growing concentration of economic and political power in the hands of too few corporations and individuals. Philippon shows us that America is no longer the home of free markets, and Old Europe is a lot more competitive than we think. Data-driven, readable economic myth-busting at its best. -- Rana Foroohar, Associate Editor and Global Business Columnist, Financial TimesProvides an in-depth, evidence-based examination of how unchecked corporate power harms workers, consumers, and the economy, all while making a passionate case in favor of competitive markets. * ProMarket *A timely diagnosis of what fundamentally ails the American economy. Philippon, using solid empirical evidence and careful research, asserts that the level of competition has declined in the U.S. -- Vivekanand Jayakumar * The Hill *Everyone in tech or interested in tech ought to read this book—it provides a rigorous, but easy-to-grasp look at the economics of consolidation and what it does to markets, prices, and products. -- Nilay Patel * The Verge *Excellent. -- Diane Coyle * Project Syndicate *Fascinating…Philippon’s work is impressive. -- Ali Nikpay * The Telegraph *Philippon argues for a surprising conclusion: Europe is making a better job of running a competitive market economy than the home of capitalism…Time also, Philippon argues, for America to relearn the virtues of competitive capitalism from its erstwhile pupil across the pond. -- Colm McCarthy * Irish Times *Should we love American capitalism, or hate it? Are large corporations making our lives better through endless innovation and price reductions, or are they exploiting their workers and their customers to enrich the few? Would European-style regulation make things better, or worse? Thomas Philippon’s eloquent book has the answers. It is an invaluable contribution to one of today’s most important debates. -- Angus Deaton, Nobel Laureate in Economic SciencesIn this hugely important book, Thomas Philippon shows that America’s most urgent economic problem is not too much capitalism, but rather too little competition. A clarifying guide to the political reforms we need to make the market work for ordinary people. -- Yascha Mounk, author of The People vs. Democracy: Why Our Freedom Is in Danger and How to Save ItSuperbly exposited and replete with examples, this marvelous book illustrates the challenges the United States faces today in reversing its decades-long slide into monopoly and economic oligarchy. A master class in political economy, it draws on the author’s own pathbreaking academic research, yet shows great respect for competing points of view. Philippon’s quantitative contrast between highly monopolized U.S. markets and highly competitive European markets is particularly striking. The data suggests that Americans should not be so complacent about their apparent economic superiority. -- Kenneth Rogoff, Harvard UniversityThe Great Reversal is a terrific book that tackles a hot, policy-relevant, and fascinating question: what has happened to competition in the United States? It’s essential reading to understand twenty-first-century capitalism. -- Gabriel Zucman, University of California, Berkeley

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Book SynopsisHave you ever wondered why we can afford to buy far more clothes than our grandparents ever could . . . but may be less likely to own a home in which to keep them all? Why your petrol bill can double in a matter of months, but it never falls as fast?; Behind all of this lies economics.; It's not always easy to grasp the complex forces that are shaping our lives. But by following a dollar on its journey around the globe, we can start to piece it all together.; The dollar is the lifeblood of globalisation. Greenbacks, singles, bucks or dead presidents: call them what you will, they are keeping the global economy going. Half of the notes in circulation are actually outside of the USA - and many of the world's dollars are owned by China.; But what is really happening as our cash moves around the world every day, and how does it affect our lives? By following $1 from a shopping trip in suburban Texas, via China's central bank, Nigerian railroads, the oilfields of Iraq and beyond, The Almighty Dollar reveals the economic truths behind what we see on the news every day. Why is China the world's biggest manufacturer - and the USA its biggest customer? Is free trade really a good thing? Why would a nation build a bridge on the other side of the planet?; In this illuminating read, economist Dharshini David lays bare these complex relationships to get to the heart of how our new globalised world works, showing who really holds the power, and what that means for us all.Trade Review"A brilliant book ... everyone should buy it because it's very, very readable" - Iain Dale, LBC; "Original and engaging ... If you've ever wondered what globalisation is and why people get so passionate about it then I can think of no better guide. Economics can be fascinating and accessible. This book is proof" - Joel Hills, Business Editor, ITV News; `Brilliantly revealing' - Ian King, business presenter, Sky News, and Times columnist; `Readable and illuminating' - The BooksellerTable of ContentsContents; Introduction 1; 1 Worshipping at the temple of low prices and endless offers: The USA to China 15; 2 Making - and working - the global red carpet: China 41; 3 Finding love in the Niger Delta: China to Nigeria 65; 4 Spicing up the recipe for success: Nigeria to India 89; 5 The dark price of black gold: India to Iraq 119; 6 Funding the means of destruction: Iraq to Russia 143; 7 The trials of a blended family: Russia to Germany 169; 8 A bad day at work for the Masters of the Universe: Germany to the UK 195; 9 Feeding the addiction: The UK to the USA 221; Further reading 251; Acknowledgements 255; Index 257

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Book SynopsisWith the emergence of a truly global marketplace, regions now face far greater competition in attracting outside investment, and multinational companies have to consider local conditions on many levels before choosing to invest. Foreign Direct Investment and the Global Economy looks at the pattern of FDI and its impacts on the global, regional (trade block), national and sub-national scales. The contributors describe the much discussed global-local interlay apparent in the operations of multinational companies and their involvement with ''regulatory'' institutions at different levels, from the global to the local.Table of ContentsPart I: FDI and the Global Economy. Part II. FDI and Regional Integration. Part III. National Experience of FDI. Part IV: FDI and Subnational Development.

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Book SynopsisAlan Greenspan''s The Age of Turbulence is the essential guide to what is happening in the world, and where we''re heading, from the ultimate expert. Alan Greenspan wielded more power than the presidents he worked for, from Ronald Reagan and Bill Clinton to George Bush and his son. He was in the command room of the world economy for longer than any other single figure. One word from him could send markets into freefall. Now Alan Greenspan, the legendary former chairman of the Federal Reserve, gives us a unique insider''s view of the world over his lifetime, from stock market exuberance to political turmoil - and his predictions for the future of our fast-changing, increasingly turbulent global economy. ''First rate ... [The Age of Turbulence] is intelligent in a way that few popular books on economics manage or even try to be ... An enjoyable read''  Economist ''With his book, [Greenspan] finally lets us

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Book SynopsisSince the global financial crisis of 2008/09, international cooperation has failed to curb volatile financial markets. Changes in the global rules of finance discussed in the G20 during the last decade remain limited, and it is uncertain whether they are suitable to help mitigate and manage future crises to come. This book offers an alternative to the popular notion that this failure is the result of the ''nature'' of the international system, the clash of national egoisms, or lack of leadership. It instead investigates problems of international cooperation by looking at their deeper structural origins in the competition of different models of capitalism.US finance-led, EU integration-led, and East Asian state-led capitalism complement each other globally but have conflicting preferences on how to regulate international finance. This interdependence of capitalist models is relatively stable but also prone to crises caused by volatile financial flows, global economic imbalances, and ''currency wars''. By bringing together approaches from International Political Economy and Comparative Capitalism, this book shows that regulating international finance is not a technocratic exercise of fine-tuning the machinery of international institutions, but rather a political process. International cooperation can only be successful if it goes hand in hand with deep domestic changes in each of these capitalist models.Table of Contents1: Introduction 2: The Problem in Detail: The Clash of Capitalisms and the Rules of International Finance 3: Finance-Led Capitalism in the US, the Globalization of Finance and the Quest for Global Neoliberal Hegemony 4: Integration-Led Capitalism in the EU, the Rise of Euro Corporatism and the Quest for Regional Stability 5: State-Led Capitalism in East Asia, Export Orientation and the Quest for National Sovereignty 6: Conclusions: Second Image IPE and the International Regulation of Finance

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Book SynopsisMany agree that the foreign aid system - which today involves virtually every nation on earth - needs drastic change. But there is much conflict as to what should be done. In Aid on the Edge of Chaos, Ben Ramalingam argues that what is most needed is the creative and innovative transformation of how aid works. Foreign aid today is dominated by linear, mechanistic ideas that emerged from early twentieth century industry, and are ill-suited to the world we face today. The problems and systems aid agencies deal with on a daily basis have more in common with ecosystems than machines: they are interconnected, diverse, and dynamic; they cannot be just simply re-engineered or fixed. Outside of aid, social scientists, economists, business leaders, and policy makers have started applying innovative and scientific approaches to such problems, informed by ideas from the ''new science'' of complex adaptive systems. Inspired by these efforts, aid practitioners and researchers have started experimenting with such approaches in their own work. This book showcases the experiences, insights, and often remarkable results of innovative thinkers and practitioners who are working to bring these approaches into the mainstream of aid. From transforming child malnutrition to rethinking economic growth, from building peace to reversing desertification, from rural Vietnam to urban Kenya, the ideas of complex systems thinking are starting to be used to make foreign aid more relevant, more appropriate, and more catalytic. Aid on the Edge of Chaos argues that such ideas and approaches should play a vital part of the transformation of aid. Aid should move from being an imperfect post-World War II global resource transfer system, to a new form of global cooperation that is truly fit for the twenty-first century.Trade ReviewThe examples presented in this work should prompt a reconsideration of how one thinks of foreign aid. * S. Paul, Choice *An exhaustive tour of the complex systems research landscape, including how it is used to understand phenomena as diverse as climate change, food price rises, ethnic segregation and the Arab spring ... Important and relevant for the aid world. * Amy Kazmin, Financial Times *The most interesting part of Mr Ramalingam's book is his discussion of how some agencies are beginning to learn from the way poor people can successfully do difficult things... [and that] experimenting repeatedly and quickly has much to offer the world of aid. * The Economist *Sets a new milestone in the aid debate... an impressive interdisciplinary tour * The Guardian Global Development Professionals Network *This book explains an important global activity few outsiders understand, and important scientific ideas that might yet turn it around. * Debora MacKenzie, New Scientist *Masterful. An important step towards changing our institutions and organizations Ramalingam skilfully draws upon a diverse body of ideas and research to deliver a vital message for aid and beyond. * Philip Ball, author of Critical Mass, Winner of the Aventis Royal Society Book of the Year *Aid on the Edge of Chaos will change the way you think... One of the most important books you will read about development. * Owen Barder, Senior Fellow, Center for Global Development *The accolades on the cover are well-founded; this is a great read, engagingly written, and full of vivid examples, poignantly-funny cartoons and a reflective humility that suits its subject matter. * Melissa Leach, Knowledge, Technology and Society *Many see international development aid as in thrall to linear, mechanized thinking, and champion approaches in which local people solve their own challenges with intelligently tailored backing. Ben Ramalingam offers a scientific model for that path... and fosters a new aid paradigm: an open innovation network, catalysing and leveraging change in countries around the world. * Nature *Breathtaking . . . catapults development thinking into the 21st century . . . read this book and be changed. * Andrew Zolli, Executive Director, Pop Tech and author of Resilience: Why Things Bounce Back *Ben Ramalingam's thought provoking and highly readable book re-frames the debate on aid and development challenges the existing aid paradigm and points the way towards a genuinely new approach - a new approach that is urgently needed. * Eric Beinhocker, Executive Director, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford and author of The Origin of Wealth *Ben Ramalingam's tour de force of a book provides an unorthodox and fascinating insight into today's global aid sector: its current practices and sometimes faulty theories of action. This book is a vital source of inspiration. * Yves Daccord, Director General, ICRC *Marrying science, policy and practice with a deep moral conscience, this important book points to a future that that we should all be working towards. * Peter Doherty, Nobel Laureate, Medicine *Challenging... Much needed. Ramalingam pushes his reader to question traditional wisdoms, navigate different disciplines, and value the import of local experience. * Noreena Hertz, author of 'Eyes Wide Open: How to Make Smart Decisions in a Confusing World' *Ramalingam sets out a challenge to everyone working in international cooperation, to rethink our basic assumptions and to think and act in ways that are more attuned to the real world in all its complexities. This is one to read and re-read. * Sir Richard Jolly, Assistant Secretary General, United Nations *Ben Ramalingam convincingly shows why transformational change is so badly needed in foreign aid, and where it might come from. * Lynda Gratton, Professor of Management, London Business School, Author of Hot Spots *This well-written and thought-provoking book is an important contribution to redesigning aid for a messy, complex world. * Duncan Green, Senior Strategic Advisor, Oxfam *Ben Ramalingam is a leading champion of the adaptive, scientific, trial-and-error thinking that the aid industry badly needs. * Tim Harford, author of The Undercover Economist Strikes Back and Adapt *This excellent book [is] a must-read for anyone interested in development, its current discontents, and its future potential. * Ricardo Haussmann, former Chief Economist, Inter-American Development Bank and Director of the Centre for International Development, Harvard University *This is a superb book, boldly facing in this age of globalization the complexity of aid to developing countries. Impressive and inspiring, this work is destined to become a 21st century classic. * Dudley Herschbach, Nobel Laureate, Chemistry *With beautifully clear writing and stories, Ben Ramalingam uses complexity concepts to reveal the deep reasons for why aid sometimes works and sometimes doesn't. * Thomas Homer-Dixon, Director, Waterloo Institute for Complexity and Innovation, Author of The Upside of Down *Far from being a pessimistic funeral march, Ramalingam's wide-ranging discourse provides many inspiring examples of how complexity theory can be put to practical and meaningful use, and lays out a hopeful path forward. * Simon Levin, Moffat Professor of Ecology, Princeton University *Well-intentioned aid agencies sometimes oversimplify the problems they need to solve. [this] book makes the good case that the growing field of complex adaptive systems can help prevent such errors from being repeated. * Eric Maskin, Nobel Laureate, Economics *This brilliant book will energise the struggle to make big government, big money and big aid sensitive to contexts, humble about what they can achieve, and sophisticated about the connectedness of things. * Geoff Mulgan, Chief Executive, National Endowment for Science Technology and the Arts, and former Director of UK Prime Minister's Strategy Unit *Ben Ramalingam seamlessly combines practical experience, policy relevance and scientific expertise. Aid on the Edge of Chaos deserves a very wide audience. * Paul Ormerod, author of Death of Economics and Positive Linking *A terrific, stimulating book. Ramalingam clearly and engagingly shows how the use of complex adaptive systems thinking can significantly strengthen and enhance the impacts and effectiveness of global foreign aid. * Jerry Sabloff, President, Santa Fe Institute *A magnificent piece of work a major contribution to the debate about how to rethink and improve the way we deliver aid worldwide. * Sir Nick Young, Chief Executive Officer, British Red Cross *Table of ContentsPART 1: THE WAY AID WORKS; PART 2: THE WAY THE WORLD WORKS; PART 3: THE WAY AID COULD WORK

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Book SynopsisThis volume examines the standards of treatment, demanded from host states, that form the basis of contemporary international investment protection. Leading practitioners and academics analyse the interpretation of core standards in arbitration proceedings, and present the emerging judicial consensus shaping their practical application.Trade Review...Indisputably relevant for an understanding of what is currently the meaning of the different standards applicable to investments and the emerging trends in case law related to such standards. * Revue de Droit des Affaires Internationales *This book provides a good overview of the substantive framework of investment protection * ASA Bulletin *The papers in this volume add substantial academic value with their discussion if the burgeoning case law arbitral tribunals. The contributors of these papers provide a sophisticated and helpful discussion of the standards of investment protection. This book is worthy of attention by every international lawyer with an interest in this area. * International and Comparative Law Quarterly *This book provides a good overview of the substantive framework of investment protection. * ASA BULLETIN *This book is worthy of attention by every international lawyer with an interest in this area * John Townsend, International and Comparative Law Quarterly *Table of ContentsIntroduction ; 1. Admission ; 2. National Treatment ; 3. Most-favoured Nation Treatment ; 4. Arbitrary and Unreasonable Measures ; 5. Fair and Equitable Treatment ; 6. Full Protection and Security ; 7. Indirect Expropriation ; 8. Legality of Expropriation ; 9. Transfers

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Book SynopsisSummarizes the research on the structure and effects of tax policies collected in The Effects of Taxation on Multinational Corporations, covering such issues as the impact of tax law on US competitiveness and the volume and location of research and development spending.Table of ContentsPreface Introduction Martin Feldstein, James R. Hines, Jr., R. Glenn Hubbard. 1: Home-Country Effects of Outward Direct Investment Robert E. Lipsey 2: Tax Rules and the Effect of Foreign Direct Investment on U.S. National Income Martin Feldstein 3: Corporate Taxes and the Cost of Capital for U.S. Multinationals Joosung Jun 4: The Importance of Income Shifting to the Design and Analysis of Tax Policy Roger H. Gordon, Jeffrey K. MacKie-Mason. 5: Alternative Minimum Tax Rules and Multinational Corporations Andrew B. Lyon, Gerald Silverstein. 6: Taxes, Technology Transfer, and R&D by Multinational Firms James R. Hines, Jr 7: Tax Planning, Timing Effects, and the Impact of Repatriation Taxes on Dividend Remittances Rosanne Altshuler, T. Scott Newlon, William C. Randolph. 8: Is Foreign Direct Investment Sensitive to Taxes? Jason G. Cummins, R. Glenn Hubbard. 9: The Tax Treatment of Interest and the Operations of U.S. Multinationals Kenneth A. Froot, James R. Hines, Jr. 10: International Accounting, Asymmetric Information, and Firm Investment Jason G. Cummins, Trevor S. Harris, Kevin A. Hassett. Appendix James R. Hines, Jr., R. Glenn Hubbard. Contributors Author Index Subject Index

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Book SynopsisIn an attempt to quantify the effect of tax policy on international investment choices, the ten papers in this volume present in-depth analyses of the interaction of international tax rules and the investment decisions of multinational enterprises.Table of ContentsPreface Introduction Martin Feldstein, James R. Hines, Jr., R. Glenn Hubbard. 1: Outward Direct Investment and the U.S. Economy Robert E. Lipsey Comment: S. Lael Brainard 2: The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock Martin Feldstein Comment: Kenneth A. Froot 3: Why Is There Corporate Taxation in a Small Open Economy? The Role of Transfer Pricing and Income Shifting Roger H. Gordon, Jeffrey K. MacKie-Mason. Comment: T. Scott Newlon 4: The Impact of International Tax Rules on the Cost of Capital Joosung Jun Comment: Joel Slemrod 5: The Tax Sensitivity of Foreign Direct Investment: Evidence from Firm-Level Panel Data Jason G. Cummins, R. Glenn Hubbard. Comment: David G. Hartman 6: The Alternative Minimum Tax and the Behavior of Multinational Corporations Andrew B. Lyon, Gerald Silverstein. Comment: Alan J. Auerbach 7: Accounting Standards, Information Flow, and Firm Investment Behavior Jason G. Cummins, Trevor S. Harris, Kevin A. Hassett. Comment: G. Peter Wilson 8: Taxes, Technology Transfer, and the R&D Activities of Multinational Firms James R. Hines, Jr Comment: Adam B. Jaffe 9: Do Repatriation Taxes Matter? Evidence from the Tax Returns of U.S. Multinationals Rosanne Altshuler, T. Scott Newlon, William C. Randolph. Comment: William M. Gentry 10: Interest Allocation Rules, Financing Patterns, and the Operations of U.S. Multinationals Kenneth A. Froot, James R. Hines, Jr. Comment: Julie H. Collins Contributors Author Index Subject Index

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Book SynopsisThe essays contained in this text highlight the problems that the European pension reform process faces and how it differs from that of the US. A range of European nations are about to implement mixed social security systems that combine pay-as-you-go with an individual retirement account.

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Book SynopsisRegional economic arrangements such as free trade areas (FTAs), customs unions and currency blocs have become increasingly prevalent in the world economy. Including both empirical and theoretical studies, this volume addresses questions concerning FTAs and other regional trading arrangements.Table of ContentsAcknowledgments Introduction Jeffrey A. Frankel 1: Determinants of Bilateral Trade: Does Gravity Work in a Neoclassical World? Alan V. Deardorff Comment: Jeffrey H. Bergstrand Comment: Gene M. Grossman 2: The Role of History in Bilateral Trade Flows Barry Eichengreen, Douglas A. Irwin. Comment: Robert Z. Lawrence Comment: Paul Wonnacott 3: Why Do Countries Seek Regional Trade Agreements? John Whalley Comment: Eric W. Bond Comment: Dani Rodrik 4: Continental Trading Blocs: Are They Natural or Supernatural? Jeffrey A. Frankel, Ernesto Stein, Shang-Jin Wei. Comment: Paul Krugman Comment: T. N. Srinivasan 5: The Welfare Implications of Trading Blocs among Countries with Different Endowments Antonio Spilimbergo, Ernesto Stein. Comment: John Haveman Comment: Edward E. Leamer 6: Regional Patterns in the Law of One Price: The Roles of Geography versus Currencies Charles Engel, John H. Rogers. Comment: Kenneth A. Froot Comment: Michael Knetter 7: Regionalization of World Trade and Currencies: Economics and Politics Jeffrey A. Frankel, Shang-Jin Wei. Comment: David Hummels Comment: Philip I. Levy 8: Tariff Phase-Outs: Theory and Evidence from GATT and NAFTA Carsten Kowalczyk, Donald Davis. Comment: Arvind Panagariya Comment: Robert W. Staiger 9: Overview Anne O. Krueger Contributors Author Index Subject Index

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Book SynopsisThis volume addresses important trends in the internationalization of equity markets. Essays examine such issues as: the current extent of international market integration; gains to US investors through international diversification; and the behaviour of country funds.Table of ContentsPreface Introduction 1 Jeffrey A. Frankel 1: A Test of the International CAPM Using Business Cycles Indicators as Instrumental Variables 23 Bernard Dumas 2: An Exploratory Investigation of the Fundamental Determinants of National Equity Market Returns 59 Wayne Ferson, Campbell R. Harvey. 3: Tests of CAPM on an International Portfolio of Bonds and Stocks 149 Charles M. Engel 4: International Equity Transactions and U.S. Portfolio Choice 185 Linda L. Tesar, Ingrid M. Werner. 5: The Effect of Barriers to Equity Investment in Developing Countries 231 Stijn Claessens, Moon-Whoan Rhee. 6: International Experiences with Securities Transaction Taxes 277 John Y. Campbell, Kenneth A. Froot. 7: Price Volatility and Volume Spillovers between the Tokyo and New York Stock Markets 309 Wen-Ling Lin, Takatoshi Ito. 8: What Moves the Discount on Country Equity Funds? 345 Gikas Hardouvelis, Rafael La Porta, Thierry A. Wizman. Contributors 405 Author Index 407 Subject Index 411

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Book SynopsisThe volume of capital flow between industrial and developing countries has grown and become a major issue in a world that is increasingly globalized. In this text, Takatoshi Ito and Anne Krueger have assembled a group of scholars who address different types of capital flows.

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Book SynopsisSince World War II, China has had a command economy administered under a dictatorship, while India's democracy has introduced a highly regulated economy. Despite obvious differences in their political systems, each country endured remarkably similar economic problems with respect to industry during the 1960s and 1970s. Both embarked in the 1980s on a series of industrial reforms designed to improve technology and efficiency in the use of resources, as well as to stimulate industrial growth in the face of declining productivity. For economists, the two countries offer an interesting test case for examining similar reform programs launched from disparate political and economic systems. For policymakers concerned with the region's stability, a clear view of the economic futures of these two major powers is paramount. Examining and comparing the reform experiences of China and India up to the present, George Rosen shows that although China enacted more sweeping reform measures and produced

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Book SynopsisArgues that restrictions on foreign investment in US telecommunications firms have harmed American interests. Basing its analysis on legislative history, statutory and constitutional interpretation, and finance and trade theory, this book seeks to show why these restrictions should be repealed.Table of ContentsAcknowledgments About the Author 1: Beyond America's Borders 2: The Legislative History 3: The Statute 4: Ownership and Control 5: Foreign Direct Investment in the United States 6: Trade Policy 7: Free Speech 8: The 1997 World Trade Organization Agreement - and Beyond App: Selected WTO Documents Concerning Trade in Telecommunications Services Bibliography Case and Regulatory Proceeding Index Subject Index

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Book SynopsisDoes the concept of nationality apply to the economic elite, or have they shed national identities to form a global capitalist class?In Rooted Globalism, Kevin Funk unpacks dozens of ethnographic interviews he conducted with Latin America's urban-based, Arab-descendant elite class, some of whom also occupy positions of political power in countries such as Argentina, Brazil, and Chile. Based on extensive fieldwork, Funk illuminates how these elites navigate their Arab ancestry, Latin American host cultures, and roles as protagonists of globalization. With the term rooted globalism, Funk captures the emergence of classed intersectional identities that are simultaneously local, national, transnational, and global. Focusing on an oft-ignored axis of South-South relations (between Latin America and the Arab world), Rooted Globalism provides detailed analysis of the identities, worldviews, and motivations of this group and ultimately reveals that rather than obliterating national identities,Trade ReviewKevin Funk's Rooted Globalism challenges the ubiquitous claim that leading capitalists have mentally divorced themselves from the nation-state as they congeal into a placeless hegemonic class with a global consciousness. Funk interviewed dozens of leading capitalists in South America and finds that the identities of these global actors intersect with ethnicity, race, family and ancestral ties, migration histories, nationality, and geography to generate an empirical class consciousness that he calls "rooted globalism." Funk concludes that the borderless one-world theme articulated by transnational corporations and corporate elites is more of a political strategy to intimidate state elites than an accurate representation of their empirical class consciousness. This pathbreaking book will interest scholars in Latin American politics and political economy, but it is a must read for anyone interested in the relationship between globalization, class formation, and the state. -- Clyde W. Barrow, author of The Dangerous Class, University of Texas Rio Grande ValleyHas the ruling class of today's global capitalist system really gone global? Do they share a global worldview or consciousness? Critically probing such crucial questions to understanding our contemporary capitalist dystopia, Rooted Globalism obliterates long-held arguments regarding the existence of a nationless capitalist class imbued with a common global identity. In examining what capitalists actually think and say, the book deftly melds fine-grained empirical research with theoretical rigor in new and innovative ways. -- Alexander Anievas, author of Capital, the State, and War, University of ConnecticutCritics of neoliberal capitalism often make a common mistake: imagining elites as global actors, who also understand themselves as such. Rooted Globalism—rich in theoretical insight and drawn from detailed interviews of Latin American elites—destabilizes this assumption. Kevin Funk demonstrates that the lived worlds of elites are not simply extensions of "global" capitalism's material logics. Instead, capitalism is always cultural, elites are rooted in places and states, and capitalism is far from coherently hegemonic. -- Isaac Kamola, author of Making the World Global: US Universities and the Production of the Global Imaginary, Trinity CollegeThe intricacies of class formation in Latin America have been the object of a long tradition of critical scholarship, which tends to focus on the legacies of slavery, indigenous genocide, colonialism, and the weakness of national ruling classes. Kevin Funk brings a breath of fresh air to the field with this very original book about the "rooted globalism" of Arab-Latin American elites. Beyond presenting a wealth of new empirical research on a hitherto relatively neglected social group, the book makes a distinctive theoretical contribution to transnational class studies, challenging commonly held beliefs about the lack of local and cultural roots of transnational elites. -- Felipe Antunes de Oliveira, Queen Mary University of LondonRooted Globalism offers an incisive intervention to grasp the complex identity of the international upper class under neoliberal capitalism in the twenty-first century, evinced by unprecedented inequality. In this book Kevin Funk offers an original account of the converging and diverging forces comprising the world's capitalist class. This book uncovers the nature of the global capitalist class and the deepening global divide which threatens humanity. -- Immanuel Ness, author of Organizing Insurgency, City University of New YorkRooted Globalism traces the complicated political entanglements and economic ambitions of a Latin American elite of Arab origin. Relying on direct access to key protagonists, Funk's analysis of these South-South business linkages is nuanced, theoretically sophisticated and empirically rich. A key contribution to studies of the networked global capitalist class, Funk's book is also a must read for anyone with interest in the evolution of Latin American-Middle East relations, South-South linkages, and international political economy more broadly. -- Omar Dahi, coauthor of South–South Trade and Finance in the Twenty-First Century, Hampshire CollegeTable of ContentsAcknowledgmentsIntroduction: Capitalism and Class in Global Latin America1. Progress and Lacunae in the Study of the "Global Capitalist Class"2. How Latin America Met the Arab World3. The Tradition of Dead Generations: On the Persistence of Place-Based Longings4. Rootless Globalists? On Denationalization and Globality5. "The Flat Pluralist World of Business Class": On Constructing (and Contesting) Corporate Global ImaginariesConclusion: The Future of Global Imaginaries: Thinking Beyond Nativism and Neoliberal PropagandaBibliographyIndex

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Book SynopsisTable of Contents 1 Introduction 2 Prices in the open economy: purchasing power parity 3 Financial markets in the open economy 4 Open economy macroeconomics 5 Flexible prices: the monetary model 6 Fixed prices: the Mundell–Fleming model 7 Sticky prices: the Dornbusch model 8 Portfolio balance and the current account 9 Currency substitution 10 General equilibrium models 11 Market efficiency and rational expectations 13 The risk premium 14 Target zones 15 Crises and credibility 16 Optimum currency areas, monetary union and the eurozone 17 Heterogeneous expectations and scapegoat models 18 Order flow analysis 19 A certain uncertainty: nonlinearity, cycles and chaos 20 Conclusions

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Book SynopsisTrade Review“The healthiest impact from Unfinished Business, Tamim Bayoumi’s well-written polemic, could be to give [the financial crisis] a new name. For him, this was the north Atlantic financial crisis. Created jointly in the US and western Europe, it also had its worst effects in these areas.”—John Authers, Financial Times“A worthwhile and occasionally bracing analysis of all that went wrong, of the terrible cost and of all that remains to be done.”—Paschal Donohoe, Irish Minister for Finance, Irish Times“This book about the causes and possible cures for the Great Financial Crisis has many excellent parts. . . Lots of fresh, sensible thinking about what went wrong and on international monetary economics.”—Charles Goodhart, Financial World“Bayoumi has succeeded in saying something both new and true about the financial crisis of 2007-12 in this important book.”—Martin Wolf, Books of the Year 2017: Economics, Financial Times"While much has been written on the U.S. Subprime Crisis and the European Debt Crisis, Tamim Bayoumi's important book is the first to show that the two crises were of a piece. Both stemmed from the influence of a powerful anti-regulatory lobby in the United States, exported to Europe via the Basel Committee on Banking Supervision. And neither crisis would have been as grave and costly absent its interaction with the other. Bayoumi's encompassing view reminds us that the problem is far from fully solved, and that now is not the time for regulators and policy makers to relax."—Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, Berkeley, University of California."Tamim Bayoumi’s Unfinished Business is an important corrective to much of the received wisdom coming out of the North Atlantic Financial Crisis. Bayoumi convincingly argues that intellectually blinkered and politically driven policy decisions long before 2007 set up the crisis – notably in European bank practices. This root cause is all too often overlooked in the rampant but shallow arguments that blame the bubble and bust on monetary ease, savings gluts, or Minsky moments. It also gives more hope for future crisis prevention, and thus a policy agenda to finish."—Adam S. Posen, President of the Peterson Institute for International Economics "Tamim Bayoumi, one of the International Monetary Fund's most respected economists, has achieved something I would not have thought possible. He has written a book on the "North Atlantic Financial Crisis" that is both original and persuasive. In particular, he explains how the failings of the European currency union led to a surge in lending by banks in the euro area's core that drove destabilizing property-related booms in both the US and the euro area's periphery. This book demonstrates that we need to learn more lessons from this devastating crisis."—Martin Wolf, chief economics commentator at the Financial Times"Tam Bayoumi has brought off the near-impossible – telling us something new about the financial crisis. By illuminating the episodes of the past decade from the viewpoint of monetary finance, one of the IMF’s most seasoned practitioner-economists has provided a fresh way of assessing what went on –and how the world can avoid a repetition."—David Marsh, Managing Director, OMFIF and co-author of Six Days in September – How Britain lost the reserves and saved the economy "Tamim Bayoumi has written a deeply researched history of the 2008 North Atlantic crisis, explaining how regulatory decisions and intellectual blind spots entwined the US and Europe in a single financial meltdown. Essential reading for those seeking to understand where are have been and where we are going."—Christine Lagarde, Managing Director, International Monetary Fund.

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Book SynopsisThe contributions to this book examine the two main asymmetries of the Euro Area as they have intensified during the second decade of Economic and Monetary Union (EMU): the first between monetary union (more supranational governance) versus economic' union (less centralised governance); the second between those Euro Area member states of the so-called core' and those of the periphery'.EMU stands as one of the European Union's (EU) flagship integration achievements. Set up in 1999, with the large majority of EU member states at the time, EMU was described as asymmetrical' even prior to its start. From the outset, it involved asymmetrical integration in monetary and economic' union. Although a major element of the blueprint that paved the way for the final stage of EMU, the concept of economic' union was insufficiently developed. The second decade of the single currency gave rise to a second asymmetry, namely one between those Euro Area member states of the core' and thoTable of ContentsIntroduction: Economic and Monetary Union at twenty: a stocktaking of a tumultuous second decadeDavid Howarth and Amy Verdun1. EMU and political union revisited: what we learnt from the euro’s second decade Dermot Hodson2. Sui generis no more? The ECB’s second decade Michele Chang3. Economic and fiscal policy coordination after the crisis: is the European Semester promoting more or less state intervention? Jörg S. Haas, Valerie J. D’Erman, Daniel F. Schulz and Amy Verdun4. EMU and the Italian debt problem: destabilising periphery or destabilising the periphery? Ton Notermans and Simona Piattoni5. EMU and the Greek crisis: testing the extreme limits of an asymmetric unionGeorge Pagoulatos6. Euro adoption policies in the second decade – the remarkable cases of the Baltic States Assem Dandashly and Amy Verdun7. Democratic legitimacy in the post-crisis EMU Ben Crum and Stefano Merlo8. Gender, austerity, and support for EMU across generationsSusan Banducci and Peter Loedel9. One money, two markets? EMU at twenty and European financial market integrationDavid Howarth and Lucia Quaglia10. EMU’s asymmetries and asymmetries in German and French influence on EMU governance reformsJoachim Schild

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Book SynopsisIndonesia is the most populous Muslim country in the world. Taking into account also its endowment and potential economic resources, the Islamic banking industry in Indonesia was expected to take on an important role in facilitating more financial resources and to contribute to the internationalization of the Islamic mode of financing particularly in the Asia-Pacific region. However, the reality is far from the expectation. This book aims to clarify the causes and fundamental constraints leading to the extraordinarily low level of Indonesia's Islamic financial deepening.The authors draw on the traditions of Institutional Economics which are concerned with the rules or mechanisms of creating the ''incentive'' and ''threat'' for economic players because the rules (institutions) would matter as the determinant for economic development and economic efficiency. This book offers a fairly new analytical lens by hypothesizing that Islamic banks must earn additional profit the authorsTrade Review"This important book assesses the factors affecting the growth of Indonesia’s Islamic banking sector from 2004 to 2018. Even though there is much research published in academic journals addressing this issue, the book incorporates various aspects, such as eco- nomics, finance, society, politics, government, and Sharia (religion). In addition, it compares the development and growth of Indonesia’s Islamic banking sector with that of Malaysia, Indonesia’s closest neighbor and the most developed in the field. It also investigates Asian banks more widely to gain a broader perspective.Finally, this book is highly recommended for regulators, market players, customers, suppliers, depositors, and all stakeholders because it delivers very important assessments and results on factors affecting the slower growth of Islamic banking in Indonesia. Despite some limitations in its scope and analysis, the book is quite comprehensive in answering the two puzzles noted earlier, from both economic and noneconomic perspec- tives, and both locally and internationally. International Islamic finance stakeholders can also benefit from the book, especially from its assessment of Malaysian, Bangladeshi, and other Asian banks." The Developing Economies, Volum 59, Issue 2, June 2020Table of Contents1 Introduction 2 Indonesia’s Islamic banking: Shari’ah implementation, genesis, and socio-political context 3 Recent development of Indonesia’s Islamic banking: The economic realities 4 Theoretical background and review of related literature 5 Comparative study of Islamic banking regulation frameworks in Indonesia and Malaysia 6 Analyses of financial performance and stability of Asian Islamic banks 7 Analyses of the dynamic concentration and competition level of the Islamic banking sector in Indonesia 8 Comparative analysis of the operational efficiency of conventional and Islamic banks 9 Structural dilemma of Indonesia’s Islamic banking 10 A hypothesis of explaining the low penetration of Indonesia’s Islamic banks; Shari’ah-compliant benchmark and Shari’ah-based 'raf' al-haraj' benchmark on prohibition of riba 11 Epilogue – A Quarter-century journey of Islamic banking development in Indonesia: A revisited

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Book SynopsisAn urgent examination of how the political, economic and social volatility in Europe will affect the world.Trade Review"A compelling and urgent alert that Europe’s creation of a peaceful community in place of a warring continent, may be unraveling. Great Britain is leaving. Other EU members are suffering from political and economic stresses and the burden of refugees fleeing conflicts and migrants escaping poverty. For the United States, a diminished Europe creates an alarming risk." -- James Hoge, Senior Advisor, Teneo Intelligence"This is the best book I've read on the recent turmoil sweeping through Europe--excellent reporting, beautifully written and sensibly, carefully analyzed. Everything that I would expect from a journalist/scholar like Bill Drozdiak." -- Marvin Kalb, Edward R. Murrow Professor of Practice, Emeritus, Harvard University"Europeans and Americans alike would benefit from heeding Drozdiak’s warning: That European unification may go into reverse and unravel due to blinkered nationalism on both sides of the Atlantic." -- Politico.eu"A veteran foreign correspondent views Europe’s current dilemmas and power struggles through a series of chapters written from the key capitals, including Berlin, Moscow and London." -- Gideon Rachman, Politics Top picks of 2017 - Financial Times"... William Drozdiak’s fascinating book on Europe..." -- International New York Times"... a very good survey of what the European experiment is for and why we need to have an integrated Europe, both economically and politically." -- The best books on The European Union recommended by Giles Merritt - Five Books"Drozdiak’s book doesn’t read as an obituary but as a sombre plea to recognise the gravity and urgency of the problems facing Europe and, more broadly, the West." -- 8 best books on European politics - The Independent

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a huge range and FREE tracked UK delivery on ALL orders.

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a huge range and FREE tracked UK delivery on ALL orders.

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisHuman history is in reality a history of corrupt governmentsTable of Contents List of Figures List of Tables Preface and Acknowledgements Chapter 1. The Politics of Bad Governance – A Framework for Analysis Chapter 2. Post-Soviet Bad Governance: A Vicious Circle? Chapter 3. Authoritarian Modernization: Illusions and Temptations Chapter 4. Opportunities and Constraints: Policy Reforms in the 2000s Chapter 5. The Technocratic Traps of Policy Reforms Chapter 6. Success Stories amid Bad Governance Chapter 7. The Politics of Bad Governance: Russia in Comparative Perspective References

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Book SynopsisThis is the first book to provide a systematic treatment of the economics of antitrust (or competition policy) in a global context. It draws on the literature of industrial organisation and on original analyses to deal with such important issues as cartels, joint-ventures, mergers, vertical contracts, predatory pricing, exclusionary practices, and price discrimination, and to formulate policy implications on these issues. The interaction between theory and practice is one of the main features of the book, which contains frequent references to competition policy cases and a few fully developed case studies. The treatment is written to appeal to practitioners and students, to lawyers and economists. It is not only a textbook in economics for first year graduate or advanced undergraduate courses, but also a book for all those who wish to understand competition issues in a clear and rigorous way. Exercises and some solved problems are provided.Trade Review'Motta brings together today's economic theory with important cases from both sides of the Atlantic. It will be a valuable resource for students and practitioners, and I look forward to using it in classes.' Joseph Farrell, University of California, Berkeley'Massimo Motta has filled a major lacuna by providing a comprehensive treatment of the modern theory of antitrust/competition policy. He masterfully blends theory and E.U. cases to produce a treatise that works at both the undergraduate and graduate levels, serves as a valuable resource for working economists, and is readable to many non-economists. In addition, by offering his own judicious views on the state of competition policy, he encourages the reader to go beyond digesting current knowledge and to think critically. A course on U.S. antitrust economics could do no better than to assign this text while complementing it with a collection of U.S. cases.' Joseph Harrington, Johns Hopkins University'This careful treatment of the economics of competition policy, from an expert who has himself made important contributions to the theory, should be an essential reference for anyone working in the field. It fills a real gap in the market, and should be useful to practitioners as well as both advanced undergraduate and graduate students.' Paul Klemperer, Oxford University'In this innovative and thoughtful volume, Massimo Motta brings the new generation of game-theoretic I.O. models to bear on a wonderfully wide ranging set of important recent cases in competition policy. This book will be of great interest, and of lasting value, to students and practitioners alike.' John Sutton, London School of Economics'The book presents a good mix of examples, simple and intuitive explanations and more demanding, formalised models as well as exercises with suggested solutions. The true value of this book lies in its level of detail'. European Competition Law ReviewTable of ContentsPart I. Competition Policy: History, Objectives and the Law: 1. Introduction; 2. Brief history of competition policy; 3. Objectives of competition policy, and other public policies; 4. The main features of European competition law; 5. Exercises; Part II. Market Power and Welfare: Introduction: 6. Overview of the chapter; 7. Allocative efficiency; 8. Productive efficiency; 9. Dynamic efficiency; 10. Public policies and incentives to innovate; 11. Monopoly: will the market fix it all?; 12. Summary and policy conclusions; 13. Exercises; 14. Solutions of exercises; Part III. Market Definition and the Assessment of Market Power: 15. Introduction; 16. Market definition; 17. The assessment of market power; 18. Exercises; Part IV. Collusion and Horizontal Agreements: 19. Introduction; 20. Factors that facilitate collusion; 21. Advanced material; 22. Practice: what should be legal and what illegal?; 23. Joint-ventures and other horizontal agreements; 24. A case of parallel behaviour: wood pulp; 25. Exercises; Part V. Horizontal Mergers: 26. Introduction; 27. Unilateral effects; 28. Pro-collusive effects; 29. A more general model; 30. Merger remedies; 31. Merger policy in the European Union; 32. Case studies; 33. Exercises; Part VI. Vertical Restraints and Vertical Mergers: 34. What are vertical restraints?; 35. Intra-brand competition; 36. Inter-brand competition; 37. Anti-competitive effects: leverage and foreclosure; 38. Conclusions and policy implications; 39. Cases; 40. Exercises; Part VII. Predation, Monopolisation, and Other Abusive Practices: 41. Introduction; 42. Predatory pricing; 43. Non-price monopolisation practices; 44. Price discrimination; 45. US v. Microsoft; 46. Exercises; 47. Solutions of exercises; Part VIII. A Toolkit: Game Theory and Imperfect Competition Models: 48. Introduction; 49. Monopoly; 50. Oligopoly I: market competition in static games; 51. Oligopoly II: dynamic games; 52. Appendix.

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Book SynopsisNegotiating the liberalization of world agricultural trade in the World Trade Organization (WTO) is fraught with difficulty due to the complexity of the issues and the wide range of interests across countries. In the round of global trade negotiations under the WTO, different perspectives on trade reform have produced a highly contentious agenda. These issues are addressed from a range of perspectives in this survey of the trade agenda and its implications for both developing and developed countries. Agricultural trade specialists, including those in universities, in international organizations and think tanks, analyse a comprehensive range of topics including interests and options in the WTO trade negotiations, the trade agenda from a development patent perspective, WTO trade rules, trade barriers, tariff negotiations and patent protection for developing countries.Table of ContentsList of figures, tables and boxes; List of contributors; Preface; List of abbreviations; 1. Introduction Merlinda D. Ingco and L. Alan Winters; 2. Agriculture and the trade negotiations: a synopsis Merlinda D. Ingco and L. Alan Winters; Part I. Experience and Lessons from the Implementation of WTO Agreements: 3. The Uruguay Round Agreement on Agriculture in practice: how open are the OECD markets? Dimitris Diakosavvas; 4. How developing countries are implementing tariff-rate quotas Philip Abbott and B. Adair Morse; 5. A review of the operation of the Agreement on Sanitary and Phytosanitary Measures Gretchen Stanton; Part II. Interests, Options, and Objectives in a New Trade Round: 6. Agriculture, developing countries, and the Doha Development Agenda Kym Anderson; 7. Where the interests of developing countries converge and diverge Alberto Valdés and Alexander F. McCalla; Part III. New Trade Rules and Quantitative Assessments of Future Liberalization Options: 8. Market access, export subsidies, and domestic support: developing new rules Harry de Gorter; 9. Options for enhancing market access in a new round Tim Josling and Allan Rae; 10. Liberalizing tariff-rate quotas: quantifying the effects of enhancing market access Aziz Elbehri, Merlinda D. Ingco, Thomas W. Hertel and Kenneth Pearson; 11. The global and regional effects of liberalizing agriculture and other trade in the new round Thomas W. Hertel, Kym Anderson, Joseph F. Francois and Will Martin; 12. Modeling the effects on agriculture of protection in developing countries Dean A. DeRosa; 13. Liberalizing sugar: the taste test of the WTO Brent Borrell and David Pearce; 14. Bananas: a policy overripe for change Brent Borrell; Part IV. New Trade Issues and Developing Country Agriculture: 15. Sanitary and phytosanitary barriers to agricultural trade: progress, prospects, and implications for developing countries Donna Roberts, David Orden and Tim Josling; 16. How developing countries view the impact of sanitary and phytosanitary measures on agricultural exports Spencer Henson, Rupert Loader, Alan Swinbank and Maury Bredahl; 17. State trading in agricultural trade: options and prospects for new rules W. M. Miner; 18. Environmental considerations in agricultural negotiations in the new WTO round John Whalley; 19. Intellectual property rights and agriculture Jayashree Watal; 20. Genetically modified foods, trade and developing countries Chantal Pohl Nielsen, Karen Thierfelder and Sherman Robinson; 21. Multifunctionality and optimal environmental policies for agriculture in an open economy Jeffrey M. Peterson, Richard N. Boisvert and Harry de Gorter; Author index; Subject index.

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Book Synopsis"Krueger proves...that terrorists are not desperately poor killers but well-educated politicians using violence to draw attention to their 'market'--violent change."--Hernando de Soto, author of The Mystery of Capital. Features a new Introduction by the author.he author.Trade Review"Pathbreaking."—David Leonhardt, New York Times"The most careful data-driven research ever done in this area."—Steven D. Levitt, coauthor of Freakonomics"Full of first-rate empirical work."—Tyler Cowen, Marginal Revolution"The book provides a valuable service in dispelling the stereotype of the poor, ignorant terrorist."—Ethan Bueno de Mesquita, Science"This book is a model of how academics can contribute to major public policy debates."—Lawrence D. Freedman, Foreign Affairs"[What Makes a Terrorist] enlists the 'dismal science' to tackle the despicable one. Provocative, dispassionate and accessible, Krueger's book is a breath of fresh air in the stifling climate of empty speculation that dominates the terror dialogue in post-9/11 America."—Ryan Hagen, Brooklyn Rail

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Book SynopsisTrade Review"Winner of the Gold Medal in International Business / Globalization, Axiom Business Book Awards""[The] exploration of trade’s future is particularly thought-provoking. . . . One lesson of Mr. Levinson’s absorbing, centuries-long survey is that evolving global systems are always vulnerable to unexpected events."---Matthew Rees, Wall Street Journal"Smart and exceptionally well-timed."---Justin Fox, Bloomberg"Ostensibly a history of international trade through three distinct ‘globalizations,’ Outside the Box is most useful as a chronicle of how the pre-2008 model of complex, globe-spanning, just-in-time manufacturing has been exposed as fragile, inefficient, and opaque."---Mike Jakeman, strategy+business"Outside the Box is an intriguing synergy of social-sciences analysis, a useful aide memoire, a captivating read. Marc Levinson synthesizes well and writes smoothly, with a light touch of irony—very smart non-fiction."---Linda Quest, International Social Science Review"Marc Levinson’s Outside the Box is a timely and fascinating discussion of globalization."---Andreas Grein, Journal of Economic Literature"A valuable and stimulating contribution to the literature which can be profitably (and enjoyably) read by economist and non-economist alike."---Ian Harwood, Society of Professional Economists"Levinson provides a captivating account of globalisation by interlinking historical events that we know a great deal about with more obscure ones. Globalisation is not over – just different. I, for one, am glad it is ongoing as it will allow Levinson to produce a follow-up book."---Alex Gray, Financial World"This book is an interesting addition to the reading list of professionals and policymakers, which will help them think outside the box to integrate globalization and resilience for a sustainable global supply chain that is essential during this uncertain and challenging times. Nevertheless, this book can also serve as an idea-generating platform for academic readers in the field of globalization and international trade."---Satya Sahoo, Journal of Maritime Affairs

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Book SynopsisThe attempt of the Grameen Bank to alleviate poverty and enhance the skills and productivity of its rural women clients provides the fascinating backdrop to this important study of micro-credit institutions. Tazul Islam examines the real extent to which the Grameen Bank's credit-alone policy has been successful in securing the Bank's financial sustainability; its practical role in alleviating poverty and its actual impact on the productivity of its clients. This book concludes by considering alternative policy options that hold out the possibility of increased poverty alleviation.Trade Review'A highly recommended book for those interested to see how financial sustainability may conflict with poverty alleviation in the operation of micro-credit institutions in the epicentre of micro-credit, Bangladesh.' Kenneth E Jackson, University of Auckland, New Zealand 'For those who want to learn more about the now famous Grameen microfinance model of development, this is certainly a good reference.' The Journal of Comparative Asian Development 'Explores the microfinance model of development, focusing on the significance of changing the focus of Bangladesh's Grameen Bank from a credit-centred organization into a client-led, flexible financial services organization.' Journal of Economic LiteratureTable of ContentsChapter 1 Microcredit and Poverty Alleviation: Pluses and Minuses; Chapter 2 The Bangladesh Economy and Poverty in Bangladesh; Chapter 3 The Rural Financial Structure and the Grameen Bank; Chapter 4 Economic Impact of Grameen Microcredit; Chapter 5 Poverty Alleviation Impact of Grameen Microcredit;

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Book SynopsisWhy do some countries remain poor and dysfunctional while others thrive and become affluent? The expert contributors to this volume seek to identify reasons why prosperity has increased rapidly in some countries but not others by constructing and comparing cases. The case studies focus on the processes of nation building, state building, and economic development in comparably situated countries over the past hundred years. Part I considers the colonial legacy of India, Algeria, the Philippines, and Manchuria. In Part II, the analysis shifts to the anticolonial development strategies of Soviet Russia, Ataturk''s Turkey, Mao''s China, and Nasser''s Egypt. Part III is devoted to paired cases, in which ostensibly similar environments yielded very different outcomes: Haiti and the Dominican Republic; Jordan and Israel; the Republic of the Congo and neighboring Gabon; North Korea and South Korea; and, Papua New Guinea and Indonesia. All the studies examine the combined constraints and opportTable of ContentsList of Maps and Table, Acknowledgments, Introduction, PART I. Imperial State Building: La Mission Civilisatrice, PART II. The Anticolonial Reaction: The Rejuvenation of Old Polities, PART III. Creating New States: Divergent Pairs, Conclusions, About the Contributors, Index

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Book SynopsisBusiness Challenging Business Ethics: New Instruments for Coping with Diversity in International Business.- In Search of Instruments. Business and Ethics Halfway.- Business Ethics Auditing More Than a Stakeholder's Toy.- Is It Ethical to Use Ethics as Strategy?.- Coercion, Guidance and Mercifulness: The Different Influences of Ethics Programs on Decision-Making.- Communicating about Ethics with Small Firms: Experiences from the U.K. and Spain.- Corporate Communication and Impression Management New Perspectives Why Companies Engage in Corporate Social Reporting.- The Dialogical Turn of Public Relation Ethics.- Values in Decision-Making Processes: Systematic Structures of J. Habermas and N. Luhmann for the Appreciation of Responsibility in Leadership.- Cross-Cultural Methodological Issues in Ethical Research.- Managing Cross Cultural Business Ethics.- International Enterprises and Trade Unions.- An Ethics of Care or an Ethics of Justice.- The Limits of Shareholder Value.- Ethical Business and Investment: A Model for Business and Society.- Reasons To Be Ethical: Self-Interest and Ethical Business.- The Spanish Code for Good Corporate Governance (Olivencia Report): An Ethical Analysis.- The Cultural Dimension of Codes of Corporate Governance: A Focus on the Olivencia Report.- Innovation and Ethics Ethical Considerations in the Innovation Business.- Human Rights and Business Ethics: Fashioning a New Social Contract.Table of ContentsBusiness Challenging Business Ethics: New Instruments for Coping with Diversity in International Business; J. Sójka, J. Wempe. In Search of Instruments. Business and Ethics Halfway; H.J.L. van Luijk. Business Ethics Auditing - More Than a Stakeholder's Toy; J. Rosthorn. Is It Ethical to Use Ethics as Strategy? B.W. Husted, D.B. Allen. Coercion, Guidance and Mercifulness: The Different Influences of Ethics Programs on Decision-Making; A. Nijhof, et al. Communicating about Ethics with Small Firms: Experiences from the U.K. and Spain; L.J. Spence, J.F. Lozano. Corporate Communication and Impression Management - New Perspectives Why Companies Engage in Corporate Social Reporting; R. Hooghiemstra. The Dialogical Turn of Public Relation Ethics; R. van Es, T.L. Meijlink. Values in Decision-Making Processes: Systematic Structures of J. Habermas and N. Luhmann for the Appreciation of Responsibility in Leadership; E. Schnebel. Cross-Cultural Methodological Issues in Ethical Research; G. McDonald. Managing Cross Cultural Business Ethics; C.J. Moon, P. Woolliams. International Enterprises and Trade Unions; M. Meel, M. Saat. An Ethics of Care or an Ethics of Justice; W. French, A. Weis. The Limits of Shareholder Value; P. Koslowski. Ethical Business and Investment: A Model for Business and Society; R. Spiller. Reasons To Be Ethical: Self-Interest and Ethical Business; J. Kaler. The Spanish Code for Good Corporate Governance (Olivencia Report): An Ethical Analysis; J.F. Lozano. The Cultural Dimension of Codes of Corporate Governance: A Focus on the Olivencia Report; A.J.G. Sison. Innovation and Ethics Ethical Considerations in the Innovation Business; Y. Fassin. Human Rights and Business Ethics: Fashioning a New Social Contract; W. Cragg.

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Book SynopsisWhat role do East Asian states play in the world economy? Can the world-systems model originally designed for studying development in Europe and North America be applied to East Asia? To what extent has the rivalry between the United States and Japan had an impact on the development of East Asia? Examining these and other key questions, the authors offer a clear, comprehensive analysis of the economic development of East Asia. Offering a unique perspective, this book examines the origins and transformation of East Asia from a world-systems analysis. In contrast to the literature's focus on market, culture, state, and dependency, East Asia and the World Economy points to the crucial role of geopolitical and regional factors in East Asian development. The authors provide a cohesive review of the world-systems model as it applies to East Asia, exploring its intellectual heritage, the historical context through which it arose, its basic assumptions, and its policy implications. To illustrate how this model works in East Asia, the authors examine the economies of Hong Kong, Taiwan, China, North Korea, and Japan. The result is a fascinating study that demonstrates how the world-systems model provides a more focused explanation of East Asia's peculiar pattern of development. For scholars and students in the fields of political science, economics, Asian studies, international affairs, and development studies, this book is a must. This book applies world-systems analysis to explain the peculiar pattern of East Asian development over the past two centuries. . . . It offers a fresh and fascinating approach to the study of economic and political evolution in the East asian nations. The volume is well organized and written for both scholars and students. It will make an excellent text for an undergraduate course in East Asian Economics and politics. --Choice CONTENTS: I. Theoretical Introduction // 1. Current Perspectives on East Asian Development // II. Incorporation // 2. The Decline of the Chinese Empire / 3. The Great Escape of Japan // III. Regionalization // 4. Japan and Its Colonial Empire / 5. The Sino-Japanese War and the Chinese Communist Revolution // IV. Ascent // 6. The Social Trajectories of China and North Korea / 7. The Corization of Japan / 8. The Semiperipherization of the NIEs (Hong Kong, South Korea, Taiwan) // V. Centrality // 9. United States - Japan Hegemonic Rivalry / 10. The Chinese Triangle of Mainland - Taiwan - Hong Kong / 11. Conclusion / Index ABRIDGED CONTENTS: I. Theoretical Introduction / II. Incorporation / III. Regionalization / IV. Ascent / V. CentralityTable of ContentsPART ONE: THEORETICAL INTRODUCTION Current Perspectives on East Asian Development PART TWO: INCORPORATION The Decline of the Chinese Empire The Great Escape of Japan PART THREE: REGIONALIZATION Japan and Its Colonial Empire The Sino-Japanese War and the Chinese Communist Revolution PART FOUR: ASCENT The Socialist Trajectories of China and North Korea The Corization of Japan The Semiperipherization of the Newly Industrializing Economies PART FIVE: CENTRALITY United States-Japan Hegemonic Rivalry The Chinese Triangle of Mainland-Taiwan-Hong Kong Conclusion

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Book SynopsisA comprehensive, clear, and up-to-date introduction to the basic theory used by economists to understand the global economy for advanced undergraduates. Important concepts are illustrated with real-world examples and over 240 end-of-chapter questions consolidate learning.

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Book SynopsisThe international trade regulatory system is a dynamic system that has been evolving throughout its history. Tension and conflict are part of the system. While calls for the abolition of the principal trade regulation authority, the WTO, have failed to understand this nature of the system, proponents for reforms have so far not paid sufficient attention to the evolving nature of tension and conflict. This book examines the evolving dynamics in international trade regulation from the conclusion of GATT in 1947 to the current crisis facing the WTO, from a perspective of emerging powers of developing countries with a focus of China as the latest force that demands reforms of the international trade regulatory regime.There is an extensive body of scholarship on ideological struggles, the rise of developing countries, geopolitical contest, the emerging powers (especially China), the use, misuse or abuse of trading rules and so on. There is, however, a lack of a single concise research book that synthesises these underlying causes and factors into a coherent and precise analytical theme. This book attempts to fill this research gap by building upon the existing scholarship and placing the various tensions and conflicts in a perspective that treats them as dynamic factors that have propelled a continuing process of evolution of the international trade regulation.The book will interest those researching on international trade regulation as well as development studies.The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non-Commercial-No Derivatives 4.0 license.Table of ContentsIntroduction. 1. Freer Trade: GATT/WTO and the Foundation of Post-War International Economic Order 2. Fairer Trade: Developing Countries and the NIEO 3. Regional Trade Agreements: Complementary or Geopolitical 4. Geopolitical and Geo-Economic Manoeuvring: The Rise of China 5. Against the Law of the Jungle: The Need for Efficient, Effective and Impartial Dispute Resolution. Conclusion.

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Book SynopsisThere is no questioning the enthusiasm that welcomed impact investing as an alternative approach to making investments: Take account of both financial returns and the social and environmental impacts. But there is no denying that the approach has fallen well short of expectations.Impact investing has shown great promise as a major transformational investment paradigm, but in practice under-performing woefully and its prospects are dimming: It comprises less than 1% of the world's equity investments, and too many claims of success are more about marketing and reputational value than hard evidence of positive social impacts. Drawing on over a decade of hands-on experience, this book presents a unique combination of a how-to guide and a reimagining new models, frameworks, techniques, and tools of what impact investing could be and could accomplish. It points to a new direction for future impact investments: achieve higher financial returns, more positive social and environment

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Book SynopsisThis book provides a detailed account of the political economy around investment deal negotiations between African governments and private Chinese investors. The book draws on evidence from experiments and hundreds of interviews with policy makers and Chinese investors across Nigeria, South Africa, Kenya, Ethiopia and Tanzania. It shows that governments of authoritarian or one-party dominant states, which are among the top-receivers of Chinese investments, are able to easily and successfully act collectively to impose human capital and technology transfer requirements. The book argues that, rather than treating African countries as price-takers in the face of increasing Chinese influence in the continent, we should instead recognise the significant bargaining leverage that many African governments have to influence deal conditions, especially with smaller private Chinese companies. It demonstrates that several African governments can instead act as price-setters and that the success of the rising Chinese presence in Africa, and whether this leads to positive or negative development outcomes, fundamentally depends on the development strategies that individual African governments decide on.In the context of an often-polarised debate, the original research presented in this book has important implications for the future economic development strategies of African countries. As such, it will be of interest to researchers working on Chinese and African investment, politics, institutions, business, economics, and international relations.

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