International economics Books

Book SynopsisAs countries around the world seek to enhance their economies while facing the challenges of climate change and income inequality, national competitiveness is an important marker of the related strengths and weaknesses that policymakers will need to address. Among the existing reports on national competitiveness and rankings, such as IMD World Competitiveness Yearbook and WEF Global Competitiveness Report, there are sizable discrepancies in the ranking order for the same countries. As a result, confusion arises as such an outcome creates difficulties for government officials when translating these findings into real-world policies.The reality is that these discrepancies are due to the differences in logic and analytical models used by IMD and WEF. Therefore, in recognizing such problems and limitations, The Competitiveness of Nations 2 presents the IPS model as a new approach. Building on from Michael Porter's diamond model, it demonstrates a robust set of methodologies as well as offers several key policy implications for economies around the world that wish to enhance their competitiveness.The analytical tools used in this book can be further utilized for other units of analysis such as industries and individual firms. As this book provides a series of sophisticated methodologies and specific guidelines for enhancing national competitiveness, both academics and practitioners can derive useful implications.This annual book series was launched in 2021 and has included timely topics and in-depth discussion on national competitiveness. The first edition dealt with the COVID-19 global pandemic and the US-China trade war as its key focus. For this second edition, the Environmental, Social, and Governance (ESG) issue has been selected given its growing impact on strategic decision-making at both firm and country levels for sustainable competitiveness. This edition explores the development of ESG in various regions including Asia (Japan, Korea, India), Europe (Russia), Latin America (Peru), and Africa (Sub-Saharan Africa). It addresses how firms can contribute to ESG, and what governments should do to incentivize or regulate firms' engagement in its practices.

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Book SynopsisIn less than three decades, China has emerged as the world's largest exporting nation with more than $2 trillion exports annually. China's quick rise as a leading exporter in the world is an unprecedented miracle. There are many theories explaining this miracle. This book adopts the global value chain (GVC) approach to analyze the Chinese export miracle over the last four decades. It focuses on the tasks rather than the gross export value and emphasizes the organizations of modern trade rather than the national comparative advantage. The GVC approach systematically explains how, in less than four decades China has evolved from a closed economy to the world's No. 1 exporting nation; why China, a developing country, has exported more high-technology products than labor-intensive products to the US; and why almost half of the US trade deficit has originated from China.The book identifies three spillover effects of GVCs that originated from brands, technology and product innovation, and distribution and retail networks of GVCs lead firms. It argues that China's deep integration with GVCs has been a decisive factor for China's emergence as the world's No.1 exporting nation and the champion of high-technology exports. In addition, this book uses iPhone trade and the operation of Apple, the largest factory-less American manufacturer, to explain how current trade statistics exaggerate China's exports to and its trade surplus with the US on the one hand, and underestimate US exports on the other hand.By using the experience of the Chinese mobile phone industry, the book argues that the GVC strategy can be a short-cut for developing countries to achieve industrialization and enable firms of developing countries to enter high-technology sectors despite their intrinsic disadvantages. At this end, the book also discusses the future trajectory of China-centered GVCs under the shadow of the US-China trade war and the COVID-19 pandemic.

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Book SynopsisRelying on economic theory where necessary, this book emphasizes translating that theory into practical applications that will help students appreciate the clear importance of understanding how countries, businesses, workers, and governments interact with each other. It offers in-depth analysis, empirical evidence, and practical examples arising from all the forms of international exchange: international trade, or the exchange of goods and services across borders; international finance, or the roles that currencies, exchange rates, prices, and monetary systems play in facilitating global investment and trade; global migration, through which workers move from lower-wage countries to higherwage countries; the international flows of capital and knowledge through multinational enterprises and global supply chains; and the global policy architecture underlying these flows. The book pays particular attention to how globalization and technological change affect economic inequality, a primary policy issue today.

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Book SynopsisRelying on economic theory where necessary, this book emphasizes translating that theory into practical applications that will help students appreciate the clear importance of understanding how countries, businesses, workers, and governments interact with each other. It offers in-depth analysis, empirical evidence, and practical examples arising from all the forms of international exchange: international trade, or the exchange of goods and services across borders; international finance, or the roles that currencies, exchange rates, prices, and monetary systems play in facilitating global investment and trade; global migration, through which workers move from lower-wage countries to higherwage countries; the international flows of capital and knowledge through multinational enterprises and global supply chains; and the global policy architecture underlying these flows. The book pays particular attention to how globalization and technological change affect economic inequality, a primary policy issue today.

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Book SynopsisThe last four years have seen significant damage in US-China relations that will take years to rebuild. Early signs within the Biden Administration indicate that an expeditious return to strong Sino-US ties is premature at best. To fully address these challenges and regain credibility both at home and abroad, the Biden team will need to recalibrate a new set of values, objectives, and thinking in redefining the most important bilateral relationship in the world. This edited book volume seeks to reimagine US-China relations, provide innovative policy analysis, and utilizes a truly multidisciplinary approach coupled with both first and second-hand quantitative data, infographics, geopolitical analysis, and perspectives from leading experts. More importantly, this book project provides a nuanced perspective highlighting the central issues that will define America and China both now and well into the future. Whether you are a policy-maker, business professional, academic, established practitioner, or a casual observer, this impressive volume provides exceptional insight on issues like technology, trade, cross-Strait relations, security & alliances in East Asia, geopolitics, climate change, and much more.Table of ContentsChapter 1. How the U.S. and China Can Redefine Competition and Cooperation through Manufacturing, Tech, and Innovation (Earl Carr and Matt Harris). - Chapter 2. “Welcome, But Verify”: The Future of Chinese Companies Listed on the U.S. Stock Exchanges (Kevin Chen). - Chapter 3. Competitive Energy and Climate Statecraft between China and the United States (Dr. Carolyn Kissane). - Chapter 4. Reimagining U.S. Engagement with Latin America and the Caribbean in Response to a Risen China (Ricardo Barrios). - Chapter 5. U.S. Strategy vis-à-vis China’s Presence in the African Continent: Description and Prescription (Winslow Robertson and Owakhela Kankhwende). - Chapter 6. Rethinking Strategic Alignment with the Gulf States (Yaser Faheem and Asad Hussaini). - Chapter 7. Reshaping U.S.-South Korea-Japan Trilateral Relations (Jeeho Bae). - Chapter 8. Pathways for U.S.-China Climate Cooperation under the Biden Administration (Jackson Ewing). - Chapter 9. The U.S. and Unresolved Cross-Strait Relations: From Trump to Biden (Kwei-Bo Huang). - Chapter 10. Indo-Pacific Diplomacy, the Quad, and Beyond: Democratic Coalition in the Era of U.S.-China Global Competition (Junya Ishii).

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Book SynopsisThis book integrates Working Capital Management, Trade Credit, and Supply-Chain Finance in a comprehensive framework, illustrated by dozens of case studies, including a leading case which explains how improved working capital practices have led to over U$1 billion in savings for a large company. The General Model of Working Capital Management consolidates the aspects of these subjects spread across different disciplines, such as finance, accounting, operations, marketing, and more. It includes enough material to make the book accessible to a broad audience, from introductory undergraduate courses to business executives. Offering managerial lessons to optimize companies’ cash flow, case studies run the whole gamut, from the small business owner who cried in an executive class when realizing how bad working capital management almost destroyed his business to the significance of Amazon's and Tesco's negative cash conversion cycle for their expansion. Formal models include the relationship between market power and value extraction through changes in payment terms for consumers and suppliers, in-kind finance, and trade credit with asymmetric competing retailers. The book also explores how just-in-time strategies developed under capital constraints to limit working capital investments; they are more than the search for production efficiency. Finally, the chapter about the greening of supply chains describes how companies that can extract resources from their supply chain or act as trade credit lenders have a crucial role in mitigating climate change.Table of ContentsChapter 1: Introduction.- Chapter 2: Why the general model of working capital management? The U$1 billion question.- Chapter 3: The General dynamic model of trade credit.- Chapter 4: Market power and working capital optimization.- Chapter 5: The archetypes: from mature, single-product companies to cash-constrained organizations.- Chapter 6: The managerial decisions.- Chapter 7: Building a comprehensive working capital strategy.- Chapter 8: Building Managerial cash-flow statements for budgeting working capital investments.- Chapter 9: Greening supply chains and the role of working capital management.- Chapter 10: Formal Models on Trade credit.

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Book SynopsisThis book examines, from the legal perspective, China's process of WTO accession, its commitments to the accession, the implications of such commitments for its trade and legal systems, and its efforts toward WTO compliance. It also discusses the issue of the capacity of the evolving Chinese legal system for ensuring compliance. In particular, the book probes into the trade and legal systems at the turn of the accession and evaluates selected trade and legal issues, including intellectual property, foreign investment law and settlement of trade disputes.Table of ContentsChina and the WTO law: China's WTO accession - history, concerns and issues; China's WTO accession - commitments and implications; preparing China's trade and legal systems for WTO compliance. China and the WTO dispute settlement mechanism: is China's judiciary ready for WTO entry?; can the WTO dispute settlement mechanism resolve trade disputes between China and Taiwan?; will China behave in the WTO dispute settlement mechanism? Towards WTO compliance - China's trade regime: new dimension of China's foreign investment regime on the eve of WTO accession; Chinese law and practice on government procurement in the context of WTO accession; China's online copyright protection on the eve of WTO accession; China's telecom regulatory regime on the eve of WTO accession; where will China's Internet regulation go after WTO accession?; judicial protection of intellectual property rights in China - on the eve of WTO accession. Conclusion: enforcement of WTO agreements in China - reality or illusion?

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Book SynopsisOn 1 January 2004, the US-Singapore Free Trade Agreement (USSFTA) came into force. The USSFTA was the result of a two-year negotiation process which started towards the end of the Clinton Administration and concluded under the Bush Administration. How did the negotiation process straddle the two administrations? What is the rationale for the FTA? What were the unique features of the negotiating process? Was negotiating with the US different from negotiating with other countries? How will the FTA benefit the two countries? What is the impact on ASEAN, APEC and the WTO?This book captures some of the personal insights thrown up in the negotiations and offers highlights and analysis of the USSFTA. Contributors to the volume include the Chief Negotiators of the two delegations, the US and Singapore Ambassadors, key negotiators and close observers of the process. Selected key documents pertaining to the USSFTA process have also been included. This book is a comprehensive reader on the story behind the negotiations of the USSFTA.

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Book SynopsisAs tariffs have fallen worldwide, the increasing importance of non-tariff policies for further trade liberalization has become widely recognized. The methods for assessing the potential effects of such liberalization have lagged significantly behind those available for analyzing tariffs. This book is the first volume that comprehensively addresses this gap. It has been designed to be useful for both economists and policymakers, especially for those involved in communicating ideas and results between economists and policymakers.This indispensable book contains cutting-edge discussions of the full range of methodologies used in this area, including business surveys, summary statistics such as effective rates of protection and price gaps, time-series and panel econometrics, and simulation methods such as computable general equilibrium. It covers the entire spectrum of policies under discussion in current trade negotiations, including trade facilitation, services policies, quantitative measures, customs procedures, standards, movement of natural persons, and anti-dumping.Some prominent contributors to this book are Bijit Bora (World Trade Organization), John Wilson, Tsunehiro Otsuki and Vlad Manole (World Bank), Catherine Mann (Institute of International Economics), Alan Deardorff and Robert Stern (University of Michigan), Joe Francois (Erasmus University), Dean Spinanger (University of Kiel), Antoni Estevadeordal and Kati Suominen (Inter-American Development Bank), Thomas Prusa (Rutgers University), Thomas Hertel and Terrie Walmsley (Purdue University), Scott Bradford (Brigham Young University), Judith Dean, Robert Feinberg, Soamiely Andriamananjara and Marinos Tsigas (US International Trade Commission).Table of ContentsObtaining Data on the Incidence of NTMs; The Effects of Services-Type Measures; Trade Facilitation; The Effects of Quota-Type and Standards-Type Measures; Estimating Tariff Equivalents of NTMs Without Simulation; The Effects of Other Policies; Using Estimates of NTM Impacts in Simulations; Methodological Aids.

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Book SynopsisThe dynamics of a global economy is being reshaped by the economic emergence of two Asian giants, China and India. How the world's two most populous countries manage globalization as they pursue economic reform and liberalization will impact significantly their societies, the rest of Asia, and the world.This book brings together articles by first rate scholars of China and India to share and discuss their research findings in four areas: Challenges, Opportunities and Responses to Globalization; Social Security and Governance; National Security in the age of Globalization; and Ethnicity and Identity in the New World.The book includes an opening address by Singapore's Minister Mentor Lee Kuan Yew, from his speech on “Managing Globalization: Lessons from China and India”, delivered at the official opening of the Lee Kuan Yew School of Public Policy on 4 April 2005.Table of ContentsIntroduction to Managing Globalization: Lessons from China and India (D A Kelly & R S Rajan); Challenges, Opportunities and Responses to Globalization: China in the Global Economy (X-J Zhang); India Globalizing (K Basu); Elephants Can Dance: India's Response to Globalization and the Challenges She Faces (O Goswami); Social Security and Governance: Rebuilding China's Social Safety Net: Why Governance Matters (M-X Pei); Corporate Restructuring and Social Security in State Owned Enterprises: Lessons from China (J C Oi); Indian Pension Reform: A Sustainable and Scalable Approach (A Shah); Globalization, Demographic Transition, and Reform of Social Safety Nets in India (M G Asher & D Vasudevan); National Security in the Age of Globalization: A Dialectic of Multipolarity and Multilateralism: China's Regional Security Practice in the Age of Globalization (X Xu); Facilitating Peaceful Rise: Principles and Practice of China's Security Policy (Q-G Jia); India in the International Order: Challenger and Stabiliser (K P Bajpai); Globalization and India's Changing National Security Strategy (C R Mohan); Ethnicity and Identity in the New World: India's Identity Politics: Then and Now (V Pingle & A Varshney); Identity Politics in an Era of Globalization (P B Mehta); Politics of Identity in Post-Reform China (D A Kelly); International Relations, Ethnic Identity, and Minority Rights in the New Global Economy: The Chinese Diaspora in the United States (L L-C Wang).

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Book SynopsisHave you ever wondered what a term in international economics means? This useful reference book offers a glossary of terms in both international trade and international finance, with emphasis on economic issues. It is intended for students getting their first exposure to international economics, although advanced students will also find it useful for some of the more obscure terms that they have forgotten or never encountered.Besides an extensive glossary of terms, there is a picture gallery of diagrams used to explain key concepts such as the Edgeworth Production Box and the Offer Curve Diagram in international economics. This section is followed by several lists of terms that occur a lot in international economics, grouped by subject to help users find terms that they cannot recall.Prior to the bibliography is a section on the origins of terms in international economics which records what the author has been able to learn about the origins of some of the terms used in international economics. This is a must-have portable glossary in international trade and international economics!Trade Review"The glossary offers a good bibliography of sources that were consulted during its construction."ChoiceTable of ContentsA-Z Glossary of Terms in International Economics Picture Gallery: Edgeworth Production Box IS-LM-BP Diagram Lerner Diagram Trade and Transformation Curve Diagram Offer Curve Diagram Lists of Terms in International Economics by Subject: Arguments for Protection Commodity Agreements Effects Empirical Findings Fragmentation: Terms and Types GATT Articles Indexes Memberships Models Nontariff Barriers Paradoxes Preferential Trading Arrangements Techniques of Analysis Theoretical Propositions Trade Disputes Trade Rounds United Nations Organizations United States Government Units Origin of Certain Key Terms in International Economics

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Book SynopsisHave you ever wondered what a term in international economics means? This useful reference book offers a glossary of terms in both international trade and international finance, with emphasis on economic issues. It is intended for students getting their first exposure to international economics, although advanced students will also find it useful for some of the more obscure terms that they have forgotten or never encountered.Besides an extensive glossary of terms, there is a picture gallery of diagrams used to explain key concepts such as the Edgeworth Production Box and the Offer Curve Diagram in international economics. This section is followed by several lists of terms that occur a lot in international economics, grouped by subject to help users find terms that they cannot recall.Prior to the bibliography is a section on the origins of terms in international economics which records what the author has been able to learn about the origins of some of the terms used in international economics. This is a must-have portable glossary in international trade and international economics!Trade Review"The glossary offers a good bibliography of sources that were consulted during its construction."ChoiceTable of ContentsA-Z Glossary of Terms in International Economics Picture Gallery: Edgeworth Production Box IS-LM-BP Diagram Lerner Diagram Trade and Transformation Curve Diagram Offer Curve Diagram Lists of Terms in International Economics by Subject: Arguments for Protection Commodity Agreements Effects Empirical Findings Fragmentation: Terms and Types GATT Articles Indexes Memberships Models Nontariff Barriers Paradoxes Preferential Trading Arrangements Techniques of Analysis Theoretical Propositions Trade Disputes Trade Rounds United Nations Organizations United States Government Units Origin of Certain Key Terms in International Economics

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Book SynopsisThis book provides a discussion of the general impact of WTO membership on both sides of the Taiwan Strait, and addresses the political and economic impact on cross-Strait relations of common membership.The book begins with an introduction which analyzes the state of cross-Strait economic and political relations on the eve of dual accession to the WTO and briefly introduces the chapters which follow. The first chapter discusses the concessions made by both sides in their accession agreements and is followed by two chapters which describe the manner in which the Taiwan economy was reformed to achieve compliance as well as the specific, restrictive trade regime that was put into place to manage mainland trade. The next two chapters deal with the implications of that restrictive trade regime for the Taiwan economy in Asia and with the nature of the interactions between the two sides within the WTO. The final four chapters of the volume examine the impact of membership on four sectors of the economy: finance; agriculture; electronics and automobiles. There is a post-script which briefly covers developments since the chapters were completed.Table of ContentsWTO Commitments by Taiwan and China: Domestic Consequences (T-J Chen); The Legal and Political Implications of Taiwan's WTO Accession (C G-H Yang); Economic Prospects of Cross-Strait WTO Membership (C Schive); Taiwan's Role in the Economic Architecture of East Asia and the Pacific (P Drysdale & X Xu); The Political Economy of Cross-Strait Relations: Economic Interdependence, the WTO, and Security (J Fewsmith); The Challenges and Opportunities for Taiwan and China in the Financial Sector (J-C Lee); WTO Accession and Its Implications for Agriculture in Taiwan and China (R Ash); The Impact of the WTO on Taiwan and China's Electronics Industry (C Trappey); The Impact of Accession to the WTO: The Case of the Automobile Industry (C-M J Yu).

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Book SynopsisThis book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards.Table of ContentsGlobalization: What the Public Needs to Know about Globalization and the WTO; Globalization's Bystanders: Are Countries That Do Not Participate in Globalization Hurt by It?; Global Market Integration and National Sovereignty; Concepts of Fairness in the Global Trading System; Analysis of Multilateral, Regional, and Bilateral Trading Arrangements: Multilateral Trade Negotiations and Preferential Trading Arrangements; An Overview of the Modeling of the Choices and Consequences of US Trade Policies; Issues of Manufactures Liberalization and Administered Protection in the Doha Round; An Assessment of the Economic Effects of the Menu of US Trade Policies; Trade Diversion under NAFTA; The Economic Effects of the Free Trade Agreement between Tunisia and the European Union; A North American Free Trade Agreement: Analytical Issues and a Computational Assessment; Computable General Equilibrium Estimates of the Gains from US-Canadian Free Trade; The Effects of the Tokyo Round on the Structure of Protection; Services Trade: Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization; International Trade and Labor Standards: Pros and Cons of Linking Trade and Labor Standards; The Effects of Multinational Production on Wages and Working Conditions in Developing Countries; US Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor; Labor Standards and International Trade.

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Book SynopsisThis is one of few books on the quantitative assessment of trade liberalisation and its impact on micro and macro economics structure in developing countries. Addressing the prospects of economic growth at a macro level, gives a thorough analysis of various issues such as profitability of enterprises after liberalisation, structural change, imports and exports by sectors and regions, and the trade balances of developing countries. The aspects of terms of trade and the trade balances in African, Latin American and Asian economies are studied using econometric techniques.Trade Review"It is excellent to see a volume written (with co-authors) by a careful, skilled econometrician, devoted to quantifying the effects that trade liberalization appears to have had ... The answers given in the chapters of this book paint an interesting mix of positive and negative effects, where the detail often differs by continent and by period. The truth is found to be neither all good nor all bad -- and the findings are qualified, where necessary, by a scrupulous declaration of technical and data difficulties that make inferences hazardous. Policy makers, and students of our ever-changing international economy, will find this a very valuable volume."Peter SinclairProfessor of EconomicsUniversity of Birmingham, UKTable of ContentsDisciplining Firms: The Impact of Trade Reforms on Profit Margins in Indian Industry; Has Liberalisation Affected Profit Margins in Indian Industry?; Exports, Inward Foreign Direct Investment (FDI) and Regional Economic Growth in China; Impact of Trade Liberalisation on Import Demands in India: A Panel Data Analysis for Commodity Groups; Does Trade Liberalisation Accelerate Convergence in Per Capita Incomes in Developing Countries?; Dynamics of the Relationship between the Terms of Trade and the Trade Balance in Developing Countries of Asia, Africa and Latin America; Relationship between Trade Liberalisation, Economic Growth and Balance of Payments in Developing Countries; Relationship between Trade Liberalisation, Growth and Balance of Payments in Developing Countries: An Econometric Study; Instability and Volatility of Capital Flows to Developing Countries.

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Book SynopsisThis book consists of 20 short essays on different dimensions of international economic policy with specific (though not exclusive) focus on Asia. Topics covered include: exchange rate regimes and reserve buildup in Asia; global macroeconomic imbalances; financial sector liberalization; international capital flows to and from Asia; infrastructure financing in Asia; foreign direct investment (FDI) flows, production networks, manufacturing and outsourcing in Asia; the economic rise of China and India; and trade, financial and monetary regionalism in Asia. While the book covers important and often technical economic issues of contemporary policy relevance, it is written in a manner that is easily accessible to non-economists, including students of public policy, international affairs, international commerce and business, as well as policy-makers and interested observers.Trade Review"As the world gets accustomed to Asia playing a more prominent role in the global economy, there is a need to communicate to a wider audience how Asia is addressing issues in Finance, Trade and Investment. This book by Rajan and Rongala addresses this need admirably, without sacrificing complexity and rigor. It can be expected to elevate the level of economic policy debates in and about Asia."Mukul G AsherProfessor, Lee Kuan Yew School of Public PolicyNational University of Singapore"This book is an important read for anyone wishing to understand the implications of the economic rise of China and India for the world economy and the growing emphasis on regional integration in Asia. The authors are experts and their exposition is clear and concise."Thomas D WillettDean of the School of Politics & EconomicsClaremont Graduate UniversityTable of ContentsMonetary and Exchange Rates Issues: Will the Greenback Remain Asia's and the World's Reserve Currency?; Inflation Targeting Frameworks in Asia; Issues on Financial Liberalization and Financing of Development: Capital Flows, Financial Crisis and the Tobin Tax; Capital Controls in China and India; Trade and Investment Issues and the Rise of China and India: Production Sharing and Trade in Asia; The Rise of India's Manufacturing; Selected Issues on Asian Regionalism: Redefining Asia: The Importance of India; Monetary Regionalism in Asia; Financial Regionalism in Asia; and other chapters.

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Book SynopsisThis timely book reviews how South Asia is rising to the challenge of globalization. In particular, how are South Asian countries maximizing the benefits of globalization whilst minimizing its costs? What lessons have these countries learned from the East Asian financial crisis? What actions have they taken at the national, regional, and global level? Some important topics covered in this book include policy reforms and economic integration in South Asia, comparisons between South Asia (mainly India) and China, and economic linkages between South Asia and East Asia including the possibility of an integrated Pan-Asia similar to the European Union. Academics, researchers, students, policymakers and observers of South Asian, and more broadly Asian, economic development and integration will want to read this book.Table of ContentsSouth Asia's Global Integration; A Comparative Analysis of Economic Performance and Policy Reforms in South Asia and PRC; Economic Integration between South Asia and East Asia -- The Second Phase of Pan-Asian Integration; Economic Integration in South Asia and Lessons from East Asia.

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Book SynopsisThis book provides a comprehensive review of the theory of international trade and trade policy, including coverage of recent areas of research such as heterogeneous firm trade models and trade costs. It then proceeds to analyze the history of trade policies and the evolution of the global trading system, with a primary focus on important policies or controversial issues such as the Doha Round, antidumping duties, regionalism and fair trade.It aims to emphasize the significance of different theories and how they are interconnected. Unlike other technique-driven international economics textbooks, this book focuses on readers understanding how theory and policy are connected. Written in a lecture note format and in a straightforward manner, the presentation is self-contained with no assumed mathematical knowledge.Table of ContentsTheory: The Ricardian Model; Why International Trade?; The Neoclassical Model; A Partial Equilibrium Model of International Trade; International Trade and the Distribution of Income; The Leontief Paradox and Technology-based Trade Theories; Growth and Trade; Economies of Scale, Imperfect Competition and Heterogeneous Firms; Factor Flows; Policy: The Theory of Trade Policy; The Political Economy of Trade Policy; Instruments of Trade Policy; International Trade Law and Multilateral Trade Negotiations; Discriminatory Trade Policies and Regionalism; Trade and Development; Trade Costs, Trade Facilitation and Trade in Services; Globalization.

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Book SynopsisThe second edition of International Political Economy and Globalization is completely revised and updated to include new material on trade, monetary, and environmental issues. It provides a comprehensive treatment of major developments in the global economy and is suitable for adoption as a primer in undergraduate courses in international political economy. The author takes a stand that is supportive of globalization in principle, while acknowledging that there are many areas of inequity that disadvantage developing countries. This is explored in chapters that deal with trade, debt crises, and the environment. Students will find that the material is presented in a readable format that does not presuppose prior familiarity with economics.Table of ContentsInternational Trade; International Monetary Relations; International Debt Crises; Russia, China and India in the Global Economy; Political Economy of Foreign Direct Investments; Environmental Politics; Trade and International Labor Standards.

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Book SynopsisWhy do some countries get rich and other countries don't? Does one country's gain mean another country's loss? How do we address the biggest challenge of all: the fact that our environment suffers when we all want to have our share of the cake? These key questions in international economics and business are addressed in this timely book. Covering issues such as economic growth, the drivers of economic growth and international competition, pollution and the division of labor, the book focuses on China's emergence, but examples of other countries provide context and perspective. Written in a jargon-free style yet extremely well-researched, it is suitable for economists and non-economists alike.Table of ContentsIn Perspective: Long-Term Economic Growth; The West Competing with Low-Wage China; The Real Challenge, The Environment: The Return of Malthus?

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Book SynopsisRegulations and enforcement decisions that at first appear to have only a domestic impact can have substantial spillover effects on other nations' economies. Experience has shown time and again that there is no reason to expect that these effects are confined to jurisdictions at the same level of development. Governments on both sides of the Atlantic recognize this, yet their responses in many policy areas are not aligned — sometimes deliberately so. This creates a complex regulatory landscape that appears to be the product of both cooperation and competition, and which can only be fully understood by looking through a number of disciplinary lenses.Drawing on some of the best legal, economic and political science expertise from both sides of the Atlantic, as well as on the knowledge of officials and private practitioners with experience in both industrialized and developing countries, this timely book assesses the systemic, global implications of transatlantic regulatory cooperation and competition. Insights from thematic papers are integrated with those from sector-specific analyses, and a rich set of implications for policymakers, business and civil society is offered.Table of ContentsCondemned to Cooperate? The Ends and Means of the Latest Transatlantic Commercial Initiative and Its Relationship to the WTO (S J Evenett & R M Stern); Transatlantic Regulatory Cooperation and Competition: The US View (J Sanford); The Political Economy of Transatlantic Regulatory Cooperation and Competition: A (Unofficial) View from Europe (A Sapir); How Hard and Soft Law Interact in International Regulatory Governance: Alternatives, Complements and Antagonists (G C Shaffer & M A Pollock); Developing Country Acceptance of Industrial Country Regulatory Norms (B M Hoekman & A Nicita); Transatlantic Trade, the Automotive Sector: The Role of Regulation in a Global Industry, Where We Have Been and Where We Need to Go, How Far Can EU-US Cooperation Go Toward Achieving Regulatory Harmonization? (V H Wilber & P T Eichbrecht); Antitrust/Competition Policy: What Balance of Cooperation and Regulatory Competition in the Transatlantic Context? (R D Anderson); Transatlantic Regulatory Cooperation on Chemicals - An Idealist's Dream? (R Quick); Transatlantic Regulatory Cooperation on Accounting Standards: A Varieties of CapitalismA" Perspective (A Nolke); Transatlantic Regulatory Competition and Cooperation in Pharmaceuticals (K E Maskus & Y He).

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Book SynopsisExchange rate economics is an important field of investigation for academics, professionals and policy-makers. This book provides a comprehensive survey of the theory of and empirical evidence on the determination and effects of exchange rates. The exposition utilizes both diagrammatic and mathematical representations of the underlying models. The book is a comprehensive reference for those engaged in this field of research.Table of ContentsExchange Rate Determination in the Mundell-Fleming Model; The Flexible-Price Monetary Model of Exchange Rates; The Theory of the Balance of Payments; Exchange Rate Determination in the Dornbusch Model; Other Sticky-Price Monetary Models of Exchange Rates; The Monetary Model of Exchange Market Pressure; The Portfolio Balance Model of Exchange Rates; The Currency Substitution Model of Exchange Rates; The Microstructure Approach to Exchange Rates; The News Model of Exchange Rates; Empirical Evidence on the Macroeconomic Models of Exchange Rates; Empirical Evidence on the Microstructure Models of Exchange Rates.

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Book SynopsisThe author has virtually incomparable experience in both providing trade policy advice to more than 25 countries on behalf of the World Bank and also publishing quality journal articles in most of those cases. In this volume, he focuses on his work on: (i) trade policies for countries making the transition from planned to market economies; (ii) his trade policy guideline papers for the World Bank on trade policies for poverty alleviation, uniform tariff policy, adjustment costs of trade liberalization, exchange rate overvaluation, globalization and technology transfer and rules of thumb on regional trade policies; (iii) multilateral, dynamic and environmental issues in trade policy using computable general equilibrium models; (iv) trade policy of the United States in the auto and steel industries; and (v) mathematical methods for modeling. The papers show an unusual combination of policy relevance, advice and impact, with rigor and international trade theory insights.The papers in this volume have appeared in many of the economics profession's more prestigious journals, including Econometrica, Review of Economic Studies, Quarterly Journal of Economics, Economic Journal, the Journal of International Economics, International Economic Review, European Economic Review, Canadian Journal of Economics, Economic Inquiry, the Journal of Comparative Economic, Review of International Economics, World Economy, the Southern Economic Journal, the World Bank Economic Review, the Japanese Economic Review and the Latin American Journal of Economics. In this book, the author elaborates on the articles by discussing some of the policy contexts for the requests for the work from developing and transition countries to the World Bank, the key trade theory or policy insights, policy recommendations and conclusions and the policy impacts.

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Book SynopsisThis volume brings together two comprehensive survey studies of the literature on the microeconometrics of international trade. The chapters apply new empirical methods to the analysis of the links between international trade and various dimensions of firm performance such as productivity, profitability, wages, and survival. The studies also include report results for Germany, one of the leading actors on the world markets for goods and services.

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Book SynopsisThis book studies China's Belt and Road Initiatives and the country's neighboring diplomacy. The Belt and Road Initiatives proposed by Chinese President Xi Jinping in 2013 consist of two main components, the land-based 'Silk Road Economic Belt' and ocean-going 'Maritime Silk Road'. China has implemented the initiatives by establishing Asian Infrastructure Investment Bank and Silk Road Fund. This book focuses on analysis of the initiatives and the responses from the major powers, neighboring countries and regions.The book consists of four parts: the Overview; The Belt and Road Initiatives and Big Powers; The Belt and Road Initiative and Regions; The Belt and Road Initiative and Hot Issues. The Overview explicates the strategic orientations, connotations and approaches of implementation of the initiatives from a theoretical perspective. The second part analyzes the Asia-Pacific strategies of four great powers, namely the United States, Russia, Japan and India, their relations with China and responses to the initiative. The third part discusses the Belt and Road Initiatives and four regions, namely Northeast Asia, Southeast Asia, South Asia, and Central Asia. It evaluates their attitudes and responses towards the Belt and Road Initiatives, strategic docking and major challenges in this regard. The fourth part touches upon the initiatives and current hot issues including non-traditional security, the South China Sea dispute, and venture analysis on investment environment renovation.

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Book SynopsisInternational Economic Integration and Domestic Performance brings together the essays of Mary E Lovely focused on the relationship between international economic integration and domestic performance. It is a collection of sole-authored and co-authored papers that have been published in various scholarly journals over the last two decades. The first section considers the welfare effects and optimal design of retail sales taxes when consumers can avoid taxation by crossing jurisdictional boundaries. The second section highlights the role of scale economies in the design of industrial policies and as a determinant of firm location. The third section explores the influence of environmental policy on foreign investor's location decisions and the role of trade and technology on country's environmental regulation. The final section considers the determinants of wage differences, the attraction of low wages for foreign investors, and misallocations of labor in an emerging economy — China.The collection, taken as a whole, highlights the power of international factor mobility to determine domestic tax burdens, to influence welfare implications of domestic policy alternatives, and to influence the location of productive factors and their rewards.

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Book SynopsisNontariff Measures and International Trade includes 20 chapters authored by John Beghin and co-authors over the last 20 years on the economics of quality-standard like nontariff measures in the context of international trade. This book provides a coherent and comprehensive treatment of these nontariff measures, from their measurement to their effects on trade and welfare. In Part I, the authors use different perspectives to make the case that, unlike tariffs, quality-standard like nontariff measures are complex to measure and analyze and do not easily lead to general policy prescriptions. Then, Part II contains contributions on measurements of welfare and trade effects of nontariff measures, accounting for potential market imperfections. Part III presents chapters on the potential protectionism of nontariff measures when they are used to favor some economic agents over society. The last part presents cases studies of nontariff measures in different industries, markets, and countries.

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Book SynopsisThis book provides the analysis on capital markets in China, focusing attention upon (1) the bubble phenomena (whether or not a Chinese bubble really exists and might burst), (2) foreign direct investment and (3) integration, through all of which we could recognize the current situation and the future prospects of Chinese marketization. As regards to the bubble phenomena, particularly 'early warning indicator' of the bubble, this book attempts to utilize the Grubbs-Smirnov Test to discover the 'abnormal value' in several asset markets. Investigations of this book suggest that the distinctive features of the Chinese market have been significantly different from the markets of capitalist countries such as the United States and Japan. As far as Japan's foreign direct investments in China are concerned, this book tries to reveal the Chinese characteristics on FDI phenomena with FDI-trade ratio. The analysis of this book suggests that Chinese FDI from Japan has undoubtedly revealed the distortions caused by non-economic factors, which also mean that the distinctive features of the Chinese market have been different from the markets of the United States and Japan etc. Regarding integration, this book provides the analysis on the 'G2' system between the United States and China (cooperation or conflict between them). The considerations of this book conclude that it might be difficult to have good cooperation between them because of significant differences between the Chinese system and the US system.

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Book SynopsisThe book Policy Externalities and International Trade Agreements is a selection of published articles examining how policy externalities motivate and can be addressed by international trading institutions. The studies provide groundbreaking evidence of the role of international market power and policy uncertainty as motives for trade agreements and on the potential clash between preferential trade liberalization (e.g. European Union, NAFTA) and multilateral agreements (WTO). The studies presented in this book not only identify and estimate how different policies interact with each other and across agreements, but also examine how international trading institutions can be used to limit redistribution towards special interest groups and enforce better cooperation across issues, such as labor and the environment, and between developing and developed countries.

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Book SynopsisThis book tells the story of how financial markets have evolved over time and became increasingly more complex. The author, a successful and experienced trader, who among other things won the 2015 battle of the quants futures contest held in New York, shares how one can navigate today's dangerous financial markets and be successful. Readers at all levels will benefit from his analysis and many real life examples and experiences. The coverage is broad and there is considerable discussion on ways to stay out of trouble, protect oneself and grow one's assets. The author was the first one to do turn of the year January effect trades in the futures markets starting in the beginning of S&P 500 futures trading in 1982. That has been successful and the author explains his ideas and experiences from the beginning in simple markets to the current, very complex markets we have in 2017.The author discusses the various ways that traders and investors lose money in the financial markets. Many examples are provided, including Long Term Capital Management, ENRON, Amarath, Neiderhoffer's funds and many major companies such as Lehman Brothers, Society Generale, Saloman Brothers. This is invaluable to understanding ways to avoid such losses.The author discusses great investors, their methods and evaluation and the authors' work with several of them. Risk arbitrage and mean reversion strategies are described through actual use. Asset-liability models for pension funds, insurance companies and other financial institutions devised by the author are described. The author uses racetrack bias ideas in behavorial finance in trading index futures and options. Large stock market crashes that can be predicted are discussed with several models of the author and others. Many mini crashes including the January-February 2016, Brexit, Trump and French elections that are plausible but largely unpredictable are described and how they were dealt with successfully.Along with ways to deal with them, investment in top quality racehorses, oriental carpets, real estate and other interesting investments are covered. The author was instrumental in viewing racing as a stock market. The ideas are used by the top racing syndicates as well as hedge funds.The book proceeds by weaving these aspects of the financial markets in the modern era into a story of the author's academic, professional and personal life. This is told through the people he met and worked with and the academic and personal travel he had all over the world this past half century. The text is simply written with details, sources and references in the notes of each chapter. Details of various important events and how they evolved are described. There are numerous color and black and white photos in the text plus graphs, tables etc. in the notes to tell the story. The teaching and research into various financial and gambling markets takes the reader to interesting places around the world. These include the US and its many stock market ups and downs, Japan when they were ruling the financial world and then they collapsed, the UK visits with lectures, teaching and research work at their great Universities including Cambridge and Oxford, Europe with many activities in France, Italy, Germany and other places, to Asia including discussions about travels to Persia, Turkey, Singapore, Korea, China, Afghanistan, Russia and other countries. Also discussed are visits to U.S. universities including Chicago, MIT, Berkeley, UCLA and Washington. His work with horse racing syndicates took him to Australia and Hong Kong. Crises like those in Greece, US housing and internet and the flash crash are discussed.

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Book SynopsisThis book tells the story of how financial markets have evolved over time and became increasingly more complex. The author, a successful and experienced trader, who among other things won the 2015 battle of the quants futures contest held in New York, shares how one can navigate today's dangerous financial markets and be successful. Readers at all levels will benefit from his analysis and many real life examples and experiences. The coverage is broad and there is considerable discussion on ways to stay out of trouble, protect oneself and grow one's assets. The author was the first one to do turn of the year January effect trades in the futures markets starting in the beginning of S&P 500 futures trading in 1982. That has been successful and the author explains his ideas and experiences from the beginning in simple markets to the current, very complex markets we have in 2017.The author discusses the various ways that traders and investors lose money in the financial markets. Many examples are provided, including Long Term Capital Management, ENRON, Amarath, Neiderhoffer's funds and many major companies such as Lehman Brothers, Society Generale, Saloman Brothers. This is invaluable to understanding ways to avoid such losses.The author discusses great investors, their methods and evaluation and the authors' work with several of them. Risk arbitrage and mean reversion strategies are described through actual use. Asset-liability models for pension funds, insurance companies and other financial institutions devised by the author are described. The author uses racetrack bias ideas in behavorial finance in trading index futures and options. Large stock market crashes that can be predicted are discussed with several models of the author and others. Many mini crashes including the January-February 2016, Brexit, Trump and French elections that are plausible but largely unpredictable are described and how they were dealt with successfully.Along with ways to deal with them, investment in top quality racehorses, oriental carpets, real estate and other interesting investments are covered. The author was instrumental in viewing racing as a stock market. The ideas are used by the top racing syndicates as well as hedge funds.The book proceeds by weaving these aspects of the financial markets in the modern era into a story of the author's academic, professional and personal life. This is told through the people he met and worked with and the academic and personal travel he had all over the world this past half century. The text is simply written with details, sources and references in the notes of each chapter. Details of various important events and how they evolved are described. There are numerous color and black and white photos in the text plus graphs, tables etc. in the notes to tell the story. The teaching and research into various financial and gambling markets takes the reader to interesting places around the world. These include the US and its many stock market ups and downs, Japan when they were ruling the financial world and then they collapsed, the UK visits with lectures, teaching and research work at their great Universities including Cambridge and Oxford, Europe with many activities in France, Italy, Germany and other places, to Asia including discussions about travels to Persia, Turkey, Singapore, Korea, China, Afghanistan, Russia and other countries. Also discussed are visits to U.S. universities including Chicago, MIT, Berkeley, UCLA and Washington. His work with horse racing syndicates took him to Australia and Hong Kong. Crises like those in Greece, US housing and internet and the flash crash are discussed.

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Book SynopsisThe aim of the book is to make the author's scholarly research in the areas of international finance and monetary economics easily accessible to other researchers and students. The articles included in the book span a wide range. The topics include the behavior of the three key relations in international finance, purchasing power parity, interest rate parity and real interest rate equality, the relation between money and other key economic variables, financial globalization and the transmission of economic disturbances internationally.

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Book SynopsisWorld-renowned economist Ronald W. Jones gets to the essence of international trade theory in this collection of articles that span over half a century of his published work. As the global economy has grown, so too has the need for a deeper rooted understanding of trade — and its assorted benefits. With clear, simplifying prose, Jones elucidates the Ricardian, Heckscher-Ohlin, and Specific-Factors models of general equilibrium theory. Jones' pioneering work anticipates, among other changes in our time, the creation of far-flung supply chains brought about by the falling costs of service links. The theoretical, technical, and historical insights in the text are peppered with personal notes that capture modern intellectual development in the field, providing a bedrock foundation in international trade for students and practitioners alike.

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Book SynopsisThe international financial crisis in 2008 marked the beginning of important changes in the international economic system. The emerging market economies are increasingly becoming a driving force for the global economic growth. Under such circumstances, the Sino-Latin American economic and trade cooperation has entered a new period of historical opportunity. Based on the economic development trend and the adjustment of policy, this book explores the prospect for Sino-Latin American economic and trade cooperation. It tracks the development path for this cooperation in the next 10 years by analyzing resource endowment, industrial structure, economic system, development pattern, basic economic policy, economic environment, economic and trade relations between China and Latin America .

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Book SynopsisThis book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards.

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Book SynopsisThis book consists of 20 short essays on different dimensions of international economic policy with specific (though not exclusive) focus on Asia. Topics covered include: exchange rate regimes and reserve buildup in Asia; global macroeconomic imbalances; financial sector liberalization; international capital flows to and from Asia; infrastructure financing in Asia; foreign direct investment (FDI) flows, production networks, manufacturing and outsourcing in Asia; the economic rise of China and India; and trade, financial and monetary regionalism in Asia. While the book covers important and often technical economic issues of contemporary policy relevance, it is written in a manner that is easily accessible to non-economists, including students of public policy, international affairs, international commerce and business, as well as policy-makers and interested observers.

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Book SynopsisFree Trade Agreements (FTAs) have proliferated in East Asia as regional economies rush to catch up with the rest of the world — but what difference do they make? This book answers that question by providing an up-to-date assessment of the quality and impact of FTAs in the region. Featuring a collection of papers originally written for the prestigious Research Institute for Economy, Trade and Industry (RIETI) in Tokyo, it presents contemporary analysis and insights into the evolution of recent FTAs. The book is suitable for use by trade policy negotiators, policy analysts, and people developing business strategies in organizations, as well as graduate students and researchers in the field.

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Book SynopsisDimensions of Trade Policy collects the author's significant works on international trade policy over almost 30 years of publishing. The articles cover an eclectic range of topics but are grouped into three main areas of concentration — local content protection, the economics of preferential trading areas and the relationship between trade and competition policies — and the book also includes some sui generis topics, such as 'fair trade' and 'buy local' schemes. An introduction ties the chapters together and indicates their relevance to contemporary matters in trade policy.

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Book SynopsisThe 'Belt and Road' initiative announced by Chinese President Xi Jinping in 2013 aims at reviving the ancient trade routes connecting China to Europe and Africa: the '21st Century Maritime Silk Road' and the inland 'Silk Road Economic Belt'. Both maritime and land routes of the New Silk Road meet Europe in the Baltics — a region accounting for some 150 million inhabitants representing 30% of the total EU population. The maritime route enters Europe through the Mediterranean Sea before reaching the largest European seaports of the North Sea and the Baltic Sea up to Saint Petersburg in Russia. The land route starting from West China crosses Central Asia, Russia and Belarus before reaching the shores of the Baltic Sea.This book focuses on the business and economic dimensions of China's initiative: Chinese government objective and policies, the strategies of Chinese and foreign firms along the Silk Road, trade and investment between China and Nordic-Baltic countries, the Eurasia Land Bridge corridors and logistics, the impact of the New Silk Road on the economies of Central Asia, new institutions financing the 'Belt and Road', cross-cultural challenges and Sino-foreign joint ventures along the New Silk Road. The direct impact of China's initiative on economic sectors such as logistics services; the shipping, port management and maritime industry; construction and high-speed train; energy and engineering; and e-commerce, information technology and tourism will be assessed.Readers will be provided with an in-depth analysis of the opportunities and challenges for companies and regions along the New Silk Road as well as 17 short case studies focusing on China-led projects currently developed along the 'Belt and Road' and 15 maps of the New Silk Road, the Baltic Sea Region and Central Asia to help in understanding China's vision and strategic moves.

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