International economics Books

Book SynopsisAt the end of the 1980s, a tri-polar world comprising the US, EU and Japan emerged. However, the economic turbulence of the early 21st century has destabilized this order, and the rise of other Asian powers has implications for the formation of a new economic configuration.This book discusses the probability of the different tentative global economic power balances to emerge, as well as the different contestants: the EU, China and Japan, among others.Organized into three sections, the first part addresses general and trend-wise developments with relevance to the outcome of the re-polarization process. Subsequently, three chapters focus on developments in China, India and Japan. Finally, special issues such as climate policies, corporate governance, social reforms and cross-border economic alliances are considered in greater detail, in relation to their implications for the outcome of the re-polarization process.Table of ContentsLong Term Innovation Waves and the Potential Dissonance between Europe and Asia (Lennart Schon); Obstacles to Global Financial Adjustment: Economic Re-polarization and the Euro Area (Michael Hutchison); Interregional Trade Facing Re-polarization: The EU Trade Negotiations with ASEAN Countries (Lena Lindberg & Claes G Alvstam); The EU Meeting the Asian Trade Challenge - From Follower to Forerunner? (Anders Ahnlid); The Growing Financial Interdependence between Europe and Asia (Andrew Chiu & Peter Mackay); Asian Currency Basket Peg: Feasibility and a Move towards a Multi-Polar World (Raj Aggarwal & Cal B Muckley); The Rise of China in a Tri-polar World: Can Corruption Co-Exist with Economic Growth? (Andrew Delios & Roberto Galang); Japan's Role on the New Economic Map: What is Japan's New Identity in the 21st Century? (Yumiko Okamoto); India in a Re-polarized World (Shubhashis Gangopadhyay & S K Shanthi); China-India FDI in Africa: Implications for Europe and Re-polarization (Raj Aggarwal & Rym Ayadi); Low-carbon Revolution of Chinese Economy: External Challenges vs. Internal Barriers (Libo Wu & Wenshi Yu); The New Financial Architecture: The Role of Market Discipline for Governance (Apanard Penny Angkinand & Clas Wihlborg); EU and Vietnam: From a Parental to a Competitive Relationship? (Ari Kokko); The Role of SWFs in Shaping the Neopolar World: The Asia-Europe Perspective (Philippe Gugler & Michael Keller); Stuck in the Middle: A Challenge of Re-polarization for Europe and Indonesia (Janti Gunawan, Elizabeth L Rose & Rebecca Piekkari); The Reform and Reconstruction of China's Social Security System (Chun Ding).

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Book SynopsisInternational political economy (IPE) is a highly complex discipline, drawing not only from the fields of politics and economics, but also those as varied as philosophy, history and anthropology. Now widely accepted as a key dimension to contemporary world affairs, it is no longer possible to talk about international relations without talking about production and distribution, finance and investment, as well as consumption and trade. To ensure that our understanding of these topics is relevant to today's world, there is a constant need to revisit and challenge what is known about these topics. Besides being a comprehensive account of international political economy for academic study, this extensive collection also highlights salient issues that scholars, analysts and state leaders are most concerned with in today's world. Amongst these are issues concerning the rise of China and India as new economic superpowers, stability in the EU's political economy, the viability of the existing multilateral system of global trade, recent financial crises, as well as the impact of globalisation and marketisation on the world's workers and our physical environment. With contributions from prominent academics such as Susan K Sell (George Washington University, D.C.) and Geoffrey Blainey (Professor Emeritus, University of Melbourne), this volume makes for both a stimulating and thought-provoking read.Table of ContentsFrom Political Economy to International Political Economics; The "Industrial Revolution" and Its Aftermath; Global Governance; Global Production; The Rise of China and India; Europe's Political Economy; Global Trade; GATT and the WTO; Containerisation; Global Finance; The IMF; Corruption and Financial Crises; Globalisation and the North/South Divide; Corporations; The World's Workers; Globalisation and the Male/Female Divide; Production/Reproduction; The Global Environment; Resources; Pollution; Global Capitalism and Climate Change.

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Book SynopsisAfter the 1978 Economic Reform, China's economic development has been on a fast track ever since. Later on, the successful accession into the WTO in 2001 accelerated China's economic transformation and made it more integrated with the world. Today, as the second-largest economy in the world, China has earned herself a leading role on the world stage beyond dispute. This book provides readers with answers to why and how China functions as a leader in the world economy.This book surveys China's economy in four parts — economic institutions, economic problems, economic policies and economic analyses. It is based on the author's latest findings from his scholarly research on China's economy, his involvement with China's economic reform and development, and his personal contacts with Chinese academics, entrepreneurs, government officials and ordinary citizens for over thirty years. The book is written in a style accessible to the general readers, since most chapters are based on articles published in three major Chinese newspapers, of which the author is a columnist. It can also serve as a reference book for professionals, an authoritative guide for general readers and a supplementary text for university students. The author uses it as a supplementary text for his course on the Chinese economy at Princeton University.Table of ContentsEconomic Institutions: Introduction: An Overview of China's Economy; Three Important Players of China's Economy; Is Chinese Capitalism Different?; Economic Planning in China; Role of Economists in China's Economic Development; Free to Choose in China; Chinese and American Economic Institutions Reflecting Cultural Differences; Outflow of Capital and China's Diplomacy; Brazil and China as Economic Partners; India's Model of Rapid Economic Development; Will the Russian Economy Grow Rapidly?; Comparing Economic Developments in Taiwan and Mainland China; Economic Issues: Problems Facing the Chinese Economy; Directions for Economics Education and Research in China; Important Lessons from Studying the Chinese Economy; US Housing Bubble and Economic Downturn; Will Consumption Expenditures in China Increase Rapidly?; From Guangzhou's Opera House to Issues of Economic Development; Lessons from the Current American Great Recession; Economic Policies: How to Improve University Education in China?; How to Manage a University Well?; How to Improve the Efficiency of State Enterprises?; Carry Out the Open Door Policy Further; How to Stop Inflation in China?; How to Solve the Problems of China's Inflation and the American Recession?; China's Aging Population; China's Environmental Policy: A Critical Survey; Quantitative Economic Studies: Note on a Model of Chinese National Income Determination; Lessons from Studying a Simple Macroeconomic Model for China; Shanghai Stock Price Movements Reflecting China's Globalization; Co-Movements of Shanghai and New York Stock Prices by Time-Varying Regressions.

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Book SynopsisAfter the 1978 Economic Reform, China's economic development has been on a fast track ever since. Later on, the successful accession into the WTO in 2001 accelerated China's economic transformation and made it more integrated with the world. Today, as the second-largest economy in the world, China has earned herself a leading role on the world stage beyond dispute. This book provides readers with answers to why and how China functions as a leader in the world economy.This book surveys China's economy in four parts — economic institutions, economic problems, economic policies and economic analyses. It is based on the author's latest findings from his scholarly research on China's economy, his involvement with China's economic reform and development, and his personal contacts with Chinese academics, entrepreneurs, government officials and ordinary citizens for over thirty years. The book is written in a style accessible to the general readers, since most chapters are based on articles published in three major Chinese newspapers, of which the author is a columnist. It can also serve as a reference book for professionals, an authoritative guide for general readers and a supplementary text for university students. The author uses it as a supplementary text for his course on the Chinese economy at Princeton University.Table of ContentsEconomic Institutions: Introduction: An Overview of China's Economy; Three Important Players of China's Economy; Is Chinese Capitalism Different?; Economic Planning in China; Role of Economists in China's Economic Development; Free to Choose in China; Chinese and American Economic Institutions Reflecting Cultural Differences; Outflow of Capital and China's Diplomacy; Brazil and China as Economic Partners; India's Model of Rapid Economic Development; Will the Russian Economy Grow Rapidly?; Comparing Economic Developments in Taiwan and Mainland China; Economic Issues: Problems Facing the Chinese Economy; Directions for Economics Education and Research in China; Important Lessons from Studying the Chinese Economy; US Housing Bubble and Economic Downturn; Will Consumption Expenditures in China Increase Rapidly?; From Guangzhou's Opera House to Issues of Economic Development; Lessons from the Current American Great Recession; Economic Policies: How to Improve University Education in China?; How to Manage a University Well?; How to Improve the Efficiency of State Enterprises?; Carry Out the Open Door Policy Further; How to Stop Inflation in China?; How to Solve the Problems of China's Inflation and the American Recession?; China's Aging Population; China's Environmental Policy: A Critical Survey; Quantitative Economic Studies: Note on a Model of Chinese National Income Determination; Lessons from Studying a Simple Macroeconomic Model for China; Shanghai Stock Price Movements Reflecting China's Globalization; Co-Movements of Shanghai and New York Stock Prices by Time-Varying Regressions.

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Book SynopsisFour years have passed since the onset of the 2008 global crisis, and although some believe that there may be a second down draft soon, attention has shifted from crisis narration to assessing lessons essential for preventing or managing recurrences. The exercise is worthy, but there is always the danger of preparing for the last war when the next attack takes another form. Prevention and Crisis Management addresses this problem by highlighting the future threat to Asia from a broader perspective that takes account of the Japanese and Asian financial crises during the 1990s as well as the global crisis of 2008. The enlarged framework turns out to be illuminating for two distinct reasons. First, it reveals that Asian crises take many diverse forms, and second, the solutions devised to date have only been locally and not universally effective. Policymakers are accordingly advised to always plan for the element of surprise.Table of ContentsCrises 1990 - 2010: Asian Currency and Financial Crises in the 1990s (Steven Rosefielde and Assaf Razin); The 2008 - 2009 Global Crisis (Steven Rosefielde and Assaf Razin); Crisis in Transitioning Countries (Yoji Koyama); PIIGS (Steven Rosefielde and Assaf Razin); Global Default (Steven Rosefielde and Daniel Quinn Mills); Prevention: Prevention and Counter-Measures (Torbjorn Becker); Threats and Deterrents: Global Imbalances (Huan Zhou and Steven Rosefielde); Chinese Protectionism (Jonathan Leightner); China's Economic Future (Akio Kawato); Optimal Asian Dollar Surplus (Eric Fisher); Toward an East Asian Economic Community (Yun Chen and Ken Morita); Asian Union (Steven Rosefielde, Jong-Rong Chen and Masumi Hakogi); Buddhist Crisis Prevention and Management (Teerana Bhongmakapat).

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Book SynopsisGlobalization, by which is meant the increasing economic interdependence among nations, has been a critical ingredient in enabling enormous improvement in mankind's condition. While progress has not always been smooth, and has not come without dislocation for some, the economic policy challenge has been, and is, to enable the realization of the large potential benefits of globalization while simultaneously reducing the negative side effects and providing safety nets for those whose lives are disrupted in the process.This volume focuses on the successes of globalization, and some of the main economic policy challenges and solutions that arise to enhance the benefits and lower the costs. It covers different aspects of globalization, sovereign debt restructuring, development of the financial sector and financial crises in Asia, Turkey, Brazil, etc. The final part of the book covers multilateral international organizations, namely the World Trade Organization, the IMF and the World Bank.Table of ContentsOverview; Successes of Globalization: Be Careful What you Wish For; Trade Policy and Economic Development: How We Learn; Increased Understanding of Supply Side Economics; Economic Policy Reform: DeToqueville's 'Dangerous Moment': The Importance of Getting Reforms Right; The Crucial Role of Financial Intermediation for Rapid Growth; Lessons from the Asian Financial Experience; Economic Policy Reforms in Brazil and Turkey; Sovereign Debt Restructuring: A New Approach to Sovereign Debt Restructuring; Sovereign Workouts: An IMF Perspective; Multilateralism for the Twenty-First Century: The Founding of the Bretton Woods Institutions: A View from the 1990s; The Clash between Economics and Politics in the World Trade Organization; At the Service of Nations: The Role of the IMF in the Modern Global Economy; An Enduring Need: The Importance of Multilateralism in the Twenty-First Century; Looking Forward: Postscript.

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Book SynopsisThe Asia-Pacific region has emerged as a dominant player in trade and will continue to be an influential pole of world trade and economics, with the center of gravity shifting to this region. This book presents analytical insights into the various regional and bilateral trade agreements (RTAs) and their beneficial effects on bilateral trade and development. It provides an incisive analysis and a roundup of all major RTAs and also presents an overview of all major agreements between the countries involved, which might propel their trade flows and influence future economic engagements.The book in a novel way also discusses possible obstacles that are encountered during the implementation of RTAs and circumvention routes, once those taken into account could ensure the successful execution of the agreements. The book dwells on the issue of regionalism and multilateralism with reference to General Agreements on Trade and Tariffs and World Trade Organisation, which have revolutionized the trade dynamics by opening up new areas of trade-rules and formulating specific policy guidelines for the member countries to adhere to during trade negotiations. The book also provides new insights into some of the issues of negotiations such as sensitive lists, trade and investment cooperation, including trade in services, rules of origin, non-tariff barriers, anti-dumping etc. The book also focuses on policy instruments that could convert trade gains to development gains. The existing economic cooperation arrangements in the region as well as those that are at various stages of study and negotiations, empirical insights and policy suggestions are elucidated in detail.Table of ContentsIntroduction; Regional Economic Agreements of India: Status, Potential and Some Experiences; The Economics of Regional Integration and Analytical Insights from Negotiations; Empirical Estimation of Economic and Welfare Gains; Policy Implementation Issues in Regional Trading Agreements; Issues for Further Negotiations.

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Book SynopsisThe global credit crisis of 2008-2009 was the most serious shock to the world economy in fully 80 years. It was for the world as a whole what the Asian crisis of 1997-1998 was for emerging markets: a profoundly alarming wake-up call. By laying bare the fragility of global markets, it raised troubling questions about the operation of our deeply integrated world economy. It cast doubt on the efficacy of the dominant mode of light-touch financial regulation and more generally on the efficacy of the prevailing commitment to economic and financial liberalization. It challenged the managerial capacity of inherited institutions of global governance. And it augured a changing of the guard, pointing to the possibility that the economies that had been the leaders in the "global growth stakes" in the past might no longer be the leaders in the future. What the crisis means for reform, however, is still unclear. This book brings together leading scholars and policy analysts to describe and weigh the options. Successive chapters assess options for the global financial system, the global trading system, the international monetary system, and the Group of 20 and global governance. A final set of chapters contemplates the policy challenges for emerging markets and the advanced economies in the wake of the financial crisis.Table of ContentsIntroduction (Barry Eichengreen and Bokyeong Park); The Global Financial System after the Crisis (Nicolas Veron); The Global Trading System after the Crisis (Simon Evenett); The International Monetary System after the Crisis (Barry Eichengreen); The G20 and Global Governance after the Crisis (Ignazio Angeloni); Challenges for Emerging Markets (Eswar Prasad); Challenges for the Asian Economy (Bokyeong Park); Challenges for the Advanced Economies (Joseph Gagnon and Mark Hinterschwieger).

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Book SynopsisQuantitative Analysis of Newly Evolving Patterns of International Trade offers a variety of perspectives on new forms and developments of international trade and related activities for Japan, the United States, China, and some other important trading countries, to develop new methods and data for measuring the factor contents of emerging new modes of international trade. Such methods and data are crucially important for evaluating impacts of the new modes on factor markets in the United States, Japan, and other major trading countries, and also for forecasting the future development of world trade and foreign direct investment (FDI), evaluating welfare gains from trade, estimating impacts of free trade agreements, and designing effective trade and FDI policies.Table of ContentsIntroduction and Overview (Robert M Stern); Fragmentation and Outsourcing: The Determinants of Offshore Production by Multinational Corporations (MNCs): A Comparison of Japanese and US MNCs (Toshiyuki Matsuura, Kiyoyasu Tanaka, and Shujiro Urata); Does Offshoring Improve Domestic Productivity? Evidence from Japanese Manufacturing Industries (Keiko Ito and Kiyoyasu Tanaka); Does Firm Boundary Matter? The Effect of Offshoring on Productivity of Japanese Firms (Banri Ito, Eiichi Tomiura, and Ryuhei Wakasugi); Global Sourcing: Evidence from Spanish Firm-Level Data (Wilhelm Kohler and Marcel Smolka); The Effects of Offshoring on the Composition of Employment in Italy (Anna M Falzoni and Lucia Tajoli); Effects of Trade and Foreign Direct Investment: International Production/Distribution Networks in East Asia and Domestic Operations: Evidence from Japanese Firms (Mitsuyo Ando and Fukunari Kimura); Japan's Exports and Employment (Kozo Kiyota); What Determines the Extensive Margin of International Trade? (Peter Debaere and Shalah Mostashari); Modes of East Asian Trade and Foreign Direct Investment: U.S. and Japan (K C Fung, Hitomi Iizaka, and Alan Siu); The Influence of Multinational Exposure on Private Chinese Trade (Deborah Swenson); The Effects of Foreign Direct Investment on China's Labor Market (Theresa Greaney and Yao Li); Clusters, Productivity, and Exports in Taiwanese Manufacturing Industries (Eric Y Cho and Hideki Yamawaki).

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Book SynopsisThis book sets out techniques for using general equilibrium numerical trade models and their application for both researchers and practitioners in governmental and international agencies. The chapters are connected by the broader theme of application of general equilibrium computational methods to a range of policy and other issues involving the global economy and international trade. They reflect a long evolution in method and application from the early 1970's until today.The chapters include procedures that allow a competitive equilibrium in international trade with tariffs to be calculated. Results of calculations of optimal tariffs with and without retaliation in a sequence of simplified two-good, two-country trade models are provided. A numerical general equilibrium model of international trade involving major world trading blocs (the United States, Japan, the EEC and the Rest of the World) is used to analyze the effects of alternative tariff-cutting formulae proposed by the major participants in the Tokyo Round negotiations under the GATT.Table of ContentsTrade Policy and General Equilibrium; World Trade Liberalization, Terms of Trade and Patterns of Trade; Regional Trade Agreements; Money and Taxes in General Equilibrium Trade Models; The Trade and Wages Debate.

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Book SynopsisThis book presents a comprehensive view of recent developments in the theory of international trade agreements and political economy, by focusing on research by Raymond Riezman. This pioneering work introduced terms of trade effects and strategic behavior to the theory of international trade agreements. This is complemented by a careful analysis of how politics affects international trade agreements.The book brings together work which focuses on the question of why international trade agreements occur and what forms they take.Table of ContentsTariffs and Trade Agreements: A 3X3 Model of Customs Unions; Tariff Retaliation from a Strategic Viewpoint; Customs Unions and the Core; Do Big Countries Win Tariff Wars?; Optimal Tariff Equilibria with Customs Unions; Dynamic Tariffs with Asymmetric Information; Understanding the Welfare Implications of Preferential Trade Agreements; A Strategic and Welfare Theoretic Analysis of Free Trade Areas; How Often are Propositions on the Effects of Regional Trade Agreements Theoretical Curiosa?; Free Trade: What are the Terms-of-Trade Effects?; Political Economy and Voting Models: Voter Preferences for Trade Policy Instruments; Seniority in Legislature; Political Reform and Trade Policy; The Sources of Protectionist Drift in Representative Democracies; Minorities and Storable Votes; International Trade Topics: Uncertainty and the Choice of Trade Policy in Oligopolistic Industries; An Experimental Investigation of the Patterns of International Trade; The Principles of Exchange Rate Determination in an International Finance Experiment; Trade Shocks and Macroeconomic Fluctuations in Africa; Trade, and the Distribution of Human Capital.

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Book SynopsisThis book provides a broad and in-depth introduction to the geopolitical, economic and trade changes wrought with the increasing influence of the countries of the Global South in international affairs.The global role of the developing countries came to the forefront in 1974, when the United Nations General Assembly promulgated The New International Economic Order.Since then, the countries of the Global South, particularly China, India, Brazil, Saudi Arabia, South Africa and Qatar, made an indelible impact upon the world's economic architecture.However, their true influence became starkly illustrated during the onset of the 2000s, when several seismic events occurred. The September Eleventh terrorist attacks — with the resultant debilitating wars in Iraq and Afghanistan — extreme world commodity price increases and the global financial crisis of 2007-2008 all served to wrench the epicenter of global influence increasingly southward. While the developed countries of the Global North became mired in economic stagnation with problems associated with the global financial crisis, their collective influence waned. Since then, the world has been attempting to accommodate, somewhat unevenly, the rising geopolitical and economic clout of the Global South.This book presents a collection of scholarly articles that, taken together, functions as a primer on the workings of the immense global changes at the beginning of the twenty-first century.Table of ContentsImperialism; Colonialism; The WTO; IMF; World Bank; Development; Singer-Prebisch Thesis; Aid for Trade; World Systems Analysis.

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Book SynopsisThis volume presents important analyses of international trade, technology transfer and the global economics of intellectual property rights through selected and key works of Keith E Maskus, spanning his long career. The book includes 17 chapters, ranging from theoretical modeling to empirical and statistical analysis, and policy contributions. Readers will find significant questions addressed in the determinants of trade, foreign direct investment, patents and trade, licensing, parallel imports, and innovation. These chapters span the scope of economic analysis of the globalization of intellectual property and technology transfer, a field in which the author has been a pre-eminent presence.Table of ContentsIntroduction; How Trade-Related Are Intellectual Property Rights?; Intellectual Property Rights, Licensing and Economic Growth; Vertical Distribution, Parallel Trade and Price Divergence in Integrated Markets; Parallel Imports and the Pricing of Pharmaceutical Products: Evidence from the European Union; The Impact of Parallel Imports on Investments in Cost-Reducing Research and Development; Transfer of Technology to Developing Countries: Unilateral and Multilateral Policy Options; Intellectual Property Rights, Technology Transfer and Exports in Developing Countries; Southern Innovation and Reverse Knowledge Spillovers in a Dynamic FDI Model; How National and International Financial Development Affect Industrial R&D; A Test of the HOV Theorem: The Leontief Commonplace; Development-Related Biases in Factor Productivities and the HOV Model of Trade; Estimating the Knowledge-Capital Model of the Multinational Enterprise; Quantifying the Impact of Services Liberalization in a Developing Country; Regulatory Standards in the WTO: Comparing Intellectual Property Rights with Competition Policy, Environmental Protection and Core Labor Standards; Economic Perspectives on a Multilateral Agreement on Open Access to Basic Science and Technology; Developing and Distributing Essential Medicines to Developing Countries: The DEFEND Proposal; Differentiated Intellectual Property Regimes for Environmental Technologies.

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Book SynopsisThis book brings together core papers by the editor and some of his colleagues during the past two decades on the role of trade openness, especially in farm products, in promoting national and global economic development. The chapters cover four areas: how national comparative advantage evolves in the course of economic growth; how agricultural markets and national and global economic welfare are affected by distortionary price and trade policies; how inefficiently non-trade concerns of societies are addressed using trade-distorting policies; and how the income distributional effects of trade policies drive the political economy of those policies.Table of ContentsOn the Need for More Economic Assessment of Quarantine/SPS Policies; Agriculture's 'Multifunctionality' and the WTO; Global Market Effects of European Responses to Genetically Modified Organisms; Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions; Lobbying Incentives and the Pattern of Protection in Rich and Poor Countries.

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Book SynopsisTouted as one of the main engineers of Singapore's economic growth, Dr Goh's collection of writings and speeches seek to shed light on the various challenges that China faced in the early 90s. His arguments and analyses were presented clearly and concisely while being firmly established upon economic principles. Covering a broad range of topics from the growth of industries and enterprises to financial reforms and the difficulties of doing business in China, this collection provides a comprehensive view of problems the Chinese government faced while providing possible solutions. Despite being written two decades ago, the issues raised in these papers and speeches are uncannily relevant to the issues that the current Chinese government faces today.Table of ContentsChina's Economic Policies in a Historical Perspective; China's Coal Industry: Symptom of a Deeper Malaise of the Economy; America Looks at China Part I - After Deng, What?; America Looks at China Part II - Future of Reform; America Looks at China Part III - Absorbing Modern Technology; America Looks at China Part IV - Correcting Systemic Weaknesses; Li Peng on China's State Enterprises; Into the 21st century; What's Gone Wrong with China?; Doing Business in China; The Awakening of Asia's Giant - China.

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Book SynopsisThis book examines the need for greater East Asian cooperation and the challenges to this grand endeavor. With differing national outlooks, how can East Asia preserve peace, prosperity and stability amidst geopolitical competition? To answer this question, the volume examines the political and economic relations between Beijing and its neighbors against the backdrop of two trends: the power shift from the West to the East in the aftermath of the American Financial Crisis and the ongoing eurozone crisis, as well as the rise of China.Table of ContentsIntroduction (Peng Er Lam, Mu Yang and Yaqing Qin); East Asia's Political and Economic Architecture: East Asian Regionalism: Architecture, Approach and Attributes (Yaqing Qin); China in the Post-Financial Crisis East Asia: Towards a New Regional Economic Order (John Wong); China as World's Largest Economy: Qualifications and Implications (Liping He); Trade and Investment Facilitation in East Asia; Development, Challenges and Cooperation (Ying Fan and Wentao Li); Elections in Hong Kong: International Perspectives and Implications for China (Bill K P Chou); East Asian Regionalism in the Post-Financial Crisis World: Developments, Models and Proposals (Ling Wei); East Asian Community: Dream or Reality? (Peng Er Lam); China and Its Neighbors: Will China Give Up North Korea (Young-Rok Cheong and Mee Joo Song); China's Investment in Southeast Asia: Trends and Prospects (Mu Yang and Catherine Siew Keng Chong); Defending ASEAN's "Centrality": Indonesia and the Politics of East Asian Regional Architecture in the Post-American Financial Crisis Era (Syamsul Hadi); Twenty Years of Sino-Singapore Diplomatic Ties: An Assessment (Liang Fook Lye); Vietnam-China Economic Relations: 2009 - 2010 (Do Tien Sam and Ha Thi Hong Van); Malaysia-China Economic Relations: 2000 - 2010 (Kam Hing Lee); The Philippines and China: Towards a Strategic Partnership? (Andrea Chloe Wong).

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Book SynopsisOrganizations such as ASEAN and EU were formed to promote economic growth, social progress and cultural development among their members. This book provides a comprehensive overview of the transformation which the newest members of ASEAN (Cambodia, Laos, Myanmar and Laos) and the newest members of EU (ten new Members from Baltic, Central and Eastern Balkan regions) have experienced during the last two decades (1990-2010). It throws light on the different social, economic and political causes which support these historical changes.Emerging markets such as the Mekong region and Central Europe where new forms of capitalism are flourishing have been captured in this book. Their policies in privatization, regionalization, industrial growth that support a new and deregulated form of capitalism have been mentioned in detail. The author stresses upon the capacity and strengths of these two hitherto “weak states” to face worldwide and regional challenges.Table of ContentsIntroduction - The Destruction of Historical States: History and Geography Matter - But for What Kind of Legacies?; Defining a State in Transition; Conclusion - Clusters of Modernized States in Southeast Asia and CEE; Introduction - Coherence of the Public Policies: Privatization, Regionalization, Industrial Relations: Transforming Economies: From Planned Economies to More Legal Rules or Towards Nomenklatura Capitalism?; Transforming Polities: States, Regions and Administrations; Managing Firms by Flexibility: The Lack of Industrial Relations; Conclusion; Introduction - EU and ASEAN Enlarged and Globalized Regions: The EU and ASEAN: Cohesion Policy and Export-Oriented Agreements; State, Sub-State Designs and Cross-Border Cooperation; EU and ASEAN Enlargement: Enlarged Globalization Dynamics; Conclusion; General Conclusions: Types of Capitalism in Central Europe and in Southeast Asia.

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Book SynopsisThis volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.Table of ContentsA New Economic Growth Engine for the 21st Century: Change Out not Scale Up the Present Policy Regime: How to Prevent China from Falling into the Middle-Income Trap (Wing Thye Woo); Short-Term Demand Management: Working the Hardware Correctly: A Prediction of China's Economy in 2012: Soft Landing and Back to the Normal (Gang Fan and Liping He); Rebalancing the Chinese Economy (Yongding Yu); The Long-run Growth and Short-run Fluctuations of the Chinese Economy (Zhigang Yuan and Yuxin Yu); Institutional Reforms for Middle-Term Growth: Upgrading the Hardware and Software: Reforming China's Public Pension System: A Perspective on Aging, Urbanization and Globalization (Lixin He and Jin Feng); Government, Market and Central-Local Relations: Unraveling the Gridlock on Fiscal Reform in China (Yan Zhang); The Reform Agenda to Develop China's Financial Sector (Liqing Zhang and Xiaofen Tan); On Regional and Inter-Household Inequality in China (Guanghua Wang, Jingjing Ye and Juzhong Zhuang); Strengthening the Long-Term Growth Fundamentals: Sustaining the Power Supply: Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy (Zhao Chen and Ming Lu); Predicting the Energy Security and Climate Change Situation for China in the Mid-Century (Klaus Lackner and Sarah Brennan); The Sustainability of Water Resources in China (Upmanu Lall and Ximing Cai).

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Book SynopsisThis volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.Table of ContentsA New Economic Growth Engine for the 21st Century: Change Out not Scale Up the Present Policy Regime: How to Prevent China from Falling into the Middle-Income Trap (Wing Thye Woo); Short-Term Demand Management: Working the Hardware Correctly: A Prediction of China's Economy in 2012: Soft Landing and Back to the Normal (Gang Fan and Liping He); Rebalancing the Chinese Economy (Yongding Yu); The Long-run Growth and Short-run Fluctuations of the Chinese Economy (Zhigang Yuan and Yuxin Yu); Institutional Reforms for Middle-Term Growth: Upgrading the Hardware and Software: Reforming China's Public Pension System: A Perspective on Aging, Urbanization and Globalization (Lixin He and Jin Feng); Government, Market and Central-Local Relations: Unraveling the Gridlock on Fiscal Reform in China (Yan Zhang); The Reform Agenda to Develop China's Financial Sector (Liqing Zhang and Xiaofen Tan); On Regional and Inter-Household Inequality in China (Guanghua Wang, Jingjing Ye and Juzhong Zhuang); Strengthening the Long-Term Growth Fundamentals: Sustaining the Power Supply: Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy (Zhao Chen and Ming Lu); Predicting the Energy Security and Climate Change Situation for China in the Mid-Century (Klaus Lackner and Sarah Brennan); The Sustainability of Water Resources in China (Upmanu Lall and Ximing Cai).

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Book SynopsisOver the last four decades, the direction of research on international trade policy formation has been significantly influenced by Wolfgang Mayer's contributions to both the positive and normative theory of international trade and, in particular, to the political economy of actual policy formation. This volume consists of a collection of Mayer's original articles, selected with the objective to further facilitate the study and advancement of the theory of trade policy formation.Part I of this book deals with the pure theory of international trade, as the theoretical underpinning for the formation of trade policies. Specifically, it explores the robustness of the Heckscher-Ohlin framework and its two core propositions — the Stolper-Samuelson and Rybczynski theorems — by relaxing its underlying assumptions in four ways: limiting the inter-industry mobility of factors of production in the short run; allowing for industry economies of scale; introducing uncertainty of commodity prices; and endogenizing a country's supply of labor.Part II addresses issues related to first-best trade policies which had gained prominence during the period of multilateral trade liberalization under the auspices of the GATT, such as: the scope and limits of negotiated tariff agreements; first-best policy justifications for import restrictions and export promotions; and the use of import-quality standards as a substitute for tariffs.Part III explores the political economy of trade policy formation. It is a response to the observation that, in spite of wide agreement on a country's welfare-maximizing policies, they continue to deviate quite markedly from actually adopted policies. The models of Part III account for the political environment in which governments operate, with particular emphasis on majority voting by individuals with heterogeneous policy preferences.Part IV introduces a political-economy approach to explain the mixed success of conditional assistance programs, as designed by International Financial Institutions (IFIs). It calls for explicit incentives to motivate assistance-receiving governments to reform their economies when interest groups are powerful and IFIs have limited information on the competence and willingness of governments to implement reforms.Table of ContentsInternational Trade Theory: Short-Run and Long-Run Equilibrium for a Small Open Economy; Variable Returns to Scale in General Equilibrium Theory: A Comment; The Rybczynski, Stolper - Samuelson, and Factor-Price Equalization Theorems Under Price Uncertainty; Endogenous Labor Supply in International Trade Theory: Two Alternative Models; International Trade Policy: Theoretical Considerations on Negotiated Tariff Adjustments; The National Defense Tariff Argument Reconsidered; The Tariff Equivalence of Import Standards; The Infant-Export Industry Argument; Political Economy of Trade-Policy Formation: Endogenous Tariff Formation; Endogenous Choice of Trade Policy Instruments; Voter Preferences for Trade Policy Instruments; Systematic Political Grass-Root Support for Tariffs; Age as a Determinant of Labor's Trade Policy Interests; Interest Groups, Electoral Competition, and Probabilistic Voting for Trade Policies; Designing Conditional Assistance Programs: The Political Economy of IMF Conditionality: A Common Agency Model; International Financial Assistance: A Loan Mechanism-Design Approach.

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Book SynopsisThis volume is a collection of papers that apply general equilibrium theory in order to obtain policy relevant insights on topical issues of international trade and migration. The first set of papers focuses on European integration, applying dynamic numerical general equilibrium methods to quantify the effects of geographic extension of the European Union, including the effects of Eastern enlargement of the EU on incumbent Western member countries. The second set of papers deals with the trade effects of WTO membership, with special focus on the so-called extensive country margin, where new international trading relationships are formed. The third set of papers focuses on immigration, offering a rigorous theoretical analysis of the so-called immigration surplus as well as an econometric estimation of the gains and pain that Germany has forgone by initially restricting immigration from new EU member countries after the EU's Eastern enlargement in 2004. And finally, the book contains a set of theoretical papers on the distributional effects of offshoring.Table of ContentsDynamic Effects of Tariff Liberalization: An Intertemporal CGE Approach; Commercial Policy and Dynamic Adjustment Under Monopolistic Competition; Austria in the European Union: Dynamic Gains From Integration and Integration and Distributional Implications; Eastern Enlargement of the EU: A Dynamic General Equilibrium Perspective; Innovation, Capital Accumulation and Economic Transition; An Incumbent Country View on Eastern Enlargement of the EU; Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries; Eastern Enlargement of the EU: A Comprehensive Welfare Assessment; The Lisbon Goal of the EU: Rhetoric or Substance; The WTO Dispute Settlement Mechanism: Battlefield or Cooperation; Exploring the Intensive and Extensive Margins of World Trade; Does WTO Membership Make a Difference at the Extensive Margin of World Trade?; WTO Membership and the Extensive Margin of World Trade: New Evidence; Restrictive Immigration Policy in Germany: Pains and Gains Foregone?; Can International Migration Ever Be Made a Pareto Improvement?; Immigration and Native Welfare; Immigration and Wages in General Equilibrium: A Theoretical Perspective; A Specific-Factors View on Outsourcing; The Distributional Effects of International Fragmentation; Aspects of International Fragmentation; International Outsourcing and Factor Prices With Multistage Production; The Bazaar Effect, Unbundling of Comparative Advantage, and Migration; Offshoring: Why Do Stories Differ?; Sourcing Premia With Incomplete Contracts: Theory and Evidence.

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Book SynopsisThis book presents a state-of-the-art evaluation of the benefits and costs of behind-the-border services reform. It introduces new, second-generation methods for quantifying regulatory barriers and applies those methods to a wide range of services sectors — financial, infrastructure and social — in a broad spectrum of countries. It uses advanced modeling techniques to project the sectoral, economy-wide and regional effects of services reforms, as well as highlight their adjustment costs. The empirical results offer fresh guidance to policy-makers, who need better information bases with which to prioritize services reforms and devise pathways to achieving them. The empirical methods provide invaluable tools to academics, researchers and policy advisors, who can use them to further improve those information bases. Priorities and Pathways in Services Reform: Part I — Quantitative Studies presents new methodological frameworks for assessing and prioritizing services reforms, and provides an up-to-date evaluation of the policy impacts across a range of services markets and countries. Part II — Political Economy furthers the conversation by analyzing what it takes for a reform to succeed.Table of ContentsMeasuring and Modelling Regulatory Restrictions in Services (Philippa Dee); Impact of Regulatory Barriers to Trade in Insurance Services (Philippa Dee and Huong Dinh); Impact of Regulatory Barriers to Trade in Banking Services (Huong Dinh); Regulatory Restrictions in Logistics Services (Claire Hollweg and Marn-Heong Wong); Impact of Air and Maritime Restrictions on International Transport Margins (Patricia Sourdin); Restructuring and Productivity in Rail Transport (Pedro Cantos, Jose M Pastor and Lorenzo Serrano); Sectoral Impacts of Reforms in Electricity and Gas Markets (Philippa Dee); Impact of Trade Barriers on the Productivity of Higher Education Institutions (Philippa Dee); Barriers to Trade in Healthcare Services in ASEAN Countries (Philippa Dee); Assessing Services Reform (Philippa Dee).

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Book SynopsisEconomics and Politics of Trade Policy brings together a set of 16 papers that focus primarily on the political economy of international trade. What sets these papers apart is the recurrent theme of developing and extending political economic analysis beyond details commonly considered when the papers were written. The book takes a deeper look at institutional and behavioral details that researchers have formerly overlooked, delving into issues such as administered rather than legislated protection; incorporation of unemployment; and behavioral considerations such as fairness. Together with a few other papers that consider theoretic issues of trade, this book will provide a thought-provoking overview of the most important research on international trade, political economy and policy over the past decades.Table of ContentsEconomics and Politics of Administered Protection: The Political-Economy of Administered Protection (J Michael Finger, H Keith Hall and Douglas R Nelson); Institutional Structure in the Political Economy of Protection: Legislated V. Administered Protection (H Keith Hall and Douglas Nelson); How Bad is Antidumping: Evidence from Panel Data (Peter Egger and Douglas Nelson); The Broader Context of Trade Policy Making: The Domestic Political Preconditions of US Trade Policy: Liberal Structure and Protectionist Dynamics (Douglas R Nelson); Institutional Structure and Time Horizon in a Simple Political-Economy Model: The Lowi Effect (H Keith Hall and Douglas R Nelson); Women and Tariffs: Testing the Gender Gap Hypothesis in a Downs - Mayer Political-Economy Model (H Keith Hall, Chihwa Kao and Douglas R Nelson); The Peculiar Political Economy of NAFTA: Complexity, Uncertainty and Footloose Policy Preferences (H Keith Hall and Douglas R Nelson); Structural Change and the Labor Market Effects of Globalization (Noel Gaston and Douglas R Nelson); Can Compensation Save Free Trade? (Carl Davidson, Steve Matusz and Douglas Nelson); The Politics of (Anti-) Globalization: What Do We Learn from Simple Models? (David Greenaway and Douglas R Nelson); Learning from Behavioral Economics: Fairness in Trade and Trade Policy: Fair Wages, Unemployment and Technological Change in a Global Economy (Udo Kreickemeier and Douglas Nelson); Fairness and the Political Economy of Trade (Carl Davidson, Steve Matusz and Douglas Nelson); A Behavioral Model of Unemployment, Sociotropic Concerns and the Political Economy of Trade Policy (Carl Davidson, Steve Matusz and Douglas Nelson); Trade Theory: Incentive Compatible Regulation of a Foreign-Owned Subsidiary (Thomas Gresik and Douglas Nelson); Intra-Industry Trade as an Indicator of Labor-Market Adjustment (Mary Lovely and Douglas Nelson); A Geometry of Specialization (Joseph Francois and Douglas Nelson).

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Book SynopsisActing as a Sorcerer's Apprentice, the West incorporated 1.3 billion Chinese and 1.2 billion Indians into the world's labour equation within a context of lower production costs. This resulted in erosion of its competitive capacity and social stability, while greatly benefiting developing economies, many of which were able to emerge with unprecedented speed. With China as the main engine, the developing economies have become increasingly integrated, sustaining in the process a fundamental part of the global trade growth. While this phenomenon took shape, excesses within Western economies generated a seismic crisis that dramatically accelerated a slow decline. As the ascendant and descendant curves of developing and developed economies are crossing each other, a decoupling tendency between both has become evident. The economic partnership between China and Latin America epitomizes well the growing integration between emerging economies. Even if mostly benefiting from it, Latin America is under the double sign of threat and opportunity due to this complex relation. For Latin America to succeed, it will need to reinvent itself.The analyses and information contained in this book will be of interest to researchers, academics and policy-makers alike.Table of ContentsInternational Economic Crisis; Emerging Economies Decoupling; China's Flexibility of Movement; Latin American Economic Growth; Latin America's Increasing Dependence on Commodities; International Tradable Services; Offshoring; Mexican-Type Economies vs Brazilian Type Economies; and other subjects.

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Book SynopsisIt is an appropriate time to rethink the relationship between trade regionalism and multilateralism in the Asian context as we witness the proliferation of free trade agreements (FTAs) in Asia. In the 1980s and 1990s, many scholars and policymakers believed that Asian integration was market-based, rather than legal-based, and that Asian integration would never be codified through agreements. Yet today, there are a large number of FTAs signed and under negotiation in Asia.This book investigates the appropriate relationship between regionalism and multilateralism, with a special reference to recent FTAs in Asia. It is undeniable that past trade multilateralism-regionalism debates centered on the trade-in-goods aspect. However, the majority of recent FTAs in Asia cover issues beyond trade-in-goods and tariff liberalization, such as trade facilitation, services, and economic cooperation. While the General Agreement on Tariffs and Trade (GATT) Article XXIV governs regional integration initiatives in trade in goods, there is no (or at most a thin) World Trade Organization (WTO) Agreement that stipulates the relationship between regionalism and multilateralism in issue areas other than goods.Thus, this study carefully considers the meaning of “WTO-compatible FTAs” by distinguishing “WTO consistency” and “WTO friendliness”, going beyond GATT Article XXIV debates and proposes a general framework for examining the openness of regionalism in various issue areas by identifying tree-type questions to distinguish several types of exclusiveness. It then specifically asks the following questions: Can Asian FTAs that cover several issues be considered multilateralism friendly? How does the relationship between regionalism and multilateralism differ between trade-in-goods and non-goods issue areas? What are policies that might reduce the exclusiveness of regional initiatives? The study concludes by listing counterintuitive policy suggestions to make FTAs truly WTO compatible. The book also includes a comprehensive list of FTAs in Asia and several WTO Agreements relating to trade regionalism.Table of ContentsIntroduction: Multilateralism - Regionalism Compatibility Issues; From Open Regionalism to Multilateralizing Regionalism: How Can We Analyze FTA's Compatibility with the WTO System?; Free Trade Agreements in Goods: Is Asia's Trade Bilateralism in Tariff Reduction Compatible with the WTO Norms?; Regional Approaches to Trade Facilitation: Are Regional Trade Facilitation Measures Discriminatory Against Non-Members?; Regional Services Agreement: What is the Value of GATs-Plus Regional Services Agreements?; Technical Assistance Under FTAs: Do FTAs Impose WTO-Plus Technical Assistance Obligations Under FTAs?; Conclusion: Policies to Make Trade Regionalism Further WTO-Friendly.

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Book SynopsisPolicies affecting resource allocation across tradable sectors and those affecting the incentives to produce tradable activities are key determinants of macroeconomic balance and growth. Computable general equilibrium models have made significant contributions to both types of policies. With advancements in computing power and software, these models have become easy to implement and are now widespread. The question then is when and how to formulate them to avoid the ‘black box’ syndrome.This book seeks to address these issues through carefully selected essays that analyse how to model general equilibrium linkages in a single economy, across developing and developed economies, and across both micro and macro policies. Micro policies examined include tariffs quotas and VERs, the choice of taxes to maximize government revenue, migration and remittances, and the political economy of tariff setting. Applications on macro policies cover capital inflows, real exchange rate determination, and the modeling of the effects of adjustment policies on income distribution.The book provides insights on the development of a family of models for diverse policy choices, focusing on the ways to model the following: links between tradable and non-tradable activities, labor markets, and portfolio choices given limited capital mobility. Selected essays are all inspired by specific policy problems, including the adaptation to external shocks (i.e. oil), consequences of capital inflows, determinants of migration and associated remittances, the productivity of foreign aid, and rent-seeking activities under trade regimes with non-price trade restrictions. Examples in this book lay out the theoretical foundations, alongside a variety of applications, to help formulate coherent and transparent models for policy analysis. Archetype economies are extensively used to show how differences in economic structure influence the effects of policies. Graduate students and policy analysts interested in modeling will find this a useful compendium of studies.Table of ContentsCapturing Economy-Wide Linkages: A General Equilibrium Analysis of Foreign Exchange Shortages in a Developing Economy (K Dervis, J de Melo and S Robinson); Exchange-Rate-Based Disinflation, Wage Rigidity and Capital Inflows: Tradeoffs for Chile (J de Melo, T Condon and V Corbo); Product Differentiation and the Treatment of Foreign Trade in Computable General Equilibrium Models of Small Economies (J de Melo and S Robinson); Trade Policy and Resource Allocation in the Presence of Product Differentiation (J de Melo and S Robinson); Productivity and Externalities: Models of Export-led Growth (J de Melo and S Robinson); Computable General Equilibrium Models for Trade Policy Analysis in Developing Countries: A Survey (J de Melo); Productivity Growth, External Shocks and Capital Inflows in Chile During 1977 - 81: A General Equilibrium Analysis (T Condon, V Corbo and J de Melo); Adjustment and Income Distribution: A Counterfactual Analysis (F Bourguignon, W Branson and J de Melo); Archetype Economies: Modelling the Effects of Protection in a Dynamic Framework (J de Melo and K Dervis); Trade Adjustment Policies and Income Distribution in Three Archetype Developing Economies (J de Melo and S Robinson); Alternative Routes to Development (H Chenery, J Lewis, J de Melo and S Robinson); Distributional Effects of Adjustment Policies: Simulations for Archetype Economies in Africa and Latin America (F Bourguignon, J de Melo and A Suwa); Lobbying, Counterlobbying, and the Structure of Tariff Protection in Poor and Rich Countries (O Cadot, J de Melo and M Olarreaga); Globalisation and Migratory Pressures from Developing Countries: A Simulation Analysis (R Faini, J M Grether and J de Melo); General Equilibrium Aspects of Price and Non-Price Distortions: Distortions in the Factor Market: Some General Equilibrium Estimates (J de Melo); Industrial Organization Implications of QR Trade Regimes: Evidence and Welfare Costs (T Condon and J de Melo); Trade Policy and Industrial Organization: Evidence from Korea (J de Melo and D Roland-Holst); An Evaluation of Neutral Trade Policy Incentives Under Increasing Returns to Scale (J de Melo and D Roland-Holst); Welfare Costs of US Quotas in Textiles, Steel and Autos (J de Melo and D Tarr); VERs Under Imperfect Competition and Foreign Direct Investment: A Case Study of the U.S. Auto VER (J de Melo and D Tarr); Do Wage Distortions Justify Protection in the U.S. Auto and Steel Industries? (J de Melo and D Tarr); Revenue Raising Taxes: A General Equilibrium Evaluation of Alternative Taxation in U.S. Petroleum Industries (J de Melo, J Stanton and D Tarr); Market Access and Welfare Under Free Trade Agreements: Textiles under NAFTA (O Cadot, C Carrere, J de Melo and A Portugal-Perez).

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Book SynopsisInternational Strategic Alliances is a practical guide that tackles major issues one might encounter when establishing a Chinese-based or US-based joint venture. It targets small and middle-market US companies that wish to establish strategic alliances based in China or other Asian countries, in order to expand their markets. Unlike other business management books, this book also caters to small, middle market and larger Asian companies (not limited to the Fortune 500 list), that wish to establish strategic alliances based in the US to grow their businesses. One of the chapters includes a detailed step-by-step guide to obtaining a US Green Card through an EB-5 visa for Asian entrepreneurs and their families.Table of ContentsCross-Border Strategic Alliances: Introduction; Selecting the Right Partner; Why Joint Ventures Fail; Joint Ventures Based in China: The Chinese Economy; Negotiating a Joint Venture Based in China; Business and Legal Issues of China-Based Joint Ventures; Operating and Terminating the Joint Venture in China; Joint Ventures Based in the United States: Establishing a US-Based Cross-Border Alliance; Business and Legal Issues of US-Based Joint Ventures; Permanent US Residency for Asian Investors; Appendices: Xerox and Fuji Xerox; 2012 Foreign Investment Industrial Guidance Catalogue of the People's Republic of China; Joint Venture Agreement Between a US Company and a Chinese Company.

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Book SynopsisWith the Doha Round of multilateral trade negotiations moribund, it is time to reconsider the future of trade negotiations as an impetus for reform. Services trade is a leading-edge behind-the-border issue, so a services perspective offers critical insights into the future of trade negotiations more generally. This book traces the author's thinking on how to make sense of services trade reform, drawing on her analytical, empirical and policy-related work on services issues from both academic and government perspectives. It covers policy reform, policy forums, and what it takes politically to achieve reform, and offers critical new insights into the future of trade negotiations.The book shows policy makers how to approach the economics and politics of services trade reform domestically, consistent with relevant special features of services trade. It shows analysts the full policy implications of those special features, including what they mean and how services reform should be treated in the future in national and international forums. In covering such broad territory, the book draws together published material that previously has been scattered across place and time, including modelling that establishes empirically the special features of services that are relevant.Table of ContentsMaking Sense of Services Trade Reform; Issues in the Application of CGE Models to Services Trade Liberalization; Modelling the Policy Issues in Services Trade; Multilateral Liberalization of Services Trade; Measuring the Cost of Barriers to Trade in Services; Economy-Wide Effects of Further Trade Reforms in Tunisia's Services Sectors; The Employment Implications of Liberalizing Foreign Direct Investment in Services; The Rise of Services Trade: Regional Initiatives and Challenges for the WTO; Services: A 'Deal-maker' in the Doha Round?; Services in PTAs: Donuts or Holes?; What Behind-the-Border Reforms in Services and Investment are Best Done through Trade Agreements?; The Role of Institutions in Structural Reform; Toward a Theory of Policy Efficiency; Promoting Domestic Reforms through Regionalism.

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Book SynopsisExchange Rates and Global Financial Policies brings together research and work done by world-class economist Paul De Grauwe over the past two decades. Drawing inspiration from behavioural finance literature, De Grauwe covers topics such as exchange rate economics, monetary integration (with particular attention on the Eurozone), and international macroeconomics.His work is categorised across three parts. The first part develops new theoretical and empirical approaches to exchange rate modelling. The second part features a collection of papers on the theory and empirical analysis of monetary unions. The final part contains criticism of mainstream macroeconomic models as well as proposed alternative modelling approaches.Table of ContentsExchange Rate Economics: A Chaotic Model of the Exchange Rate: The Role of Fundamentalists and Chartists; Heterogeneity of Agents, Transaction Costs and the Exchange Rate; Exchange Rate Puzzles: A Tale of Switching Attractors; Exchange Rates in Search of Fundamentals; Exchange Rates and Fundamentals: A Non-Linear Relationship?; The Impact of FX Central Bank Intervention in a Noise Trading Framework; Monetary Integration: Conditions for Monetary Integration: A Geometric Interpretation; Is Europe an Optimum Currency Area?: Evidence from Regional Data; Setting Conversion Rates for the Third Stage of EMU; The Euro and Financial Crises; What Have We Learnt About Monetary Integration Since the Maastricht Treaty; Managing the Fragility of the Eurozone; Do Asymmetries Matter for European Monetary Policy; Macroeconomics And Monetary Policy: Is Inflation Always and Everywhere a Monetary Phenomenon; Monetary Policy and the Real Economy; Lessons From the Banking Crisis: A Return to Narrow Banking; The Scientific Foundation of Dynamic Stochastic General Equilibrium (DSGE) Models; Animal Spirits and Monetary Policy; Booms and Busts in Economic Activity: A Behavioral Explanation.

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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 that has been expanded about 50% from the first edition, 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 over 30 lists of terms that occur a lot in international economics, grouped by subject to help users find terms that they cannot recall.Prior to an enlarged bibliography is an expanded 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!Table of ContentsGlossary of Terms in International Economics: A-Z; 0 - 9 (Key to Some Numerical Terms); Picture Gallery: Edgeworth Production Box; Integrated World Economy Diagram; IS-LM-BP Diagram; Lerner Diagram; Offer Curve Diagram; Specific-Factors Model; Tariff in Partial Equilibrium; Trade and Transformation Curve Diagram; Lists of Terms in International Economics by Subject: Arguments for Protection; International Commodity Agreements and Organizations; Effects; Empirical Findings; Fragmentation: Terms and Types; GATT Articles; Indexes; Memberships; Models; Non-tariff Barriers; Other Non-tariff Measures; Paradoxes; Preferential Trading Arrangements; Techniques of Analysis; Theoretical Propositions; Trade Disputes; Trade Rounds; United Nations Organizations; United States Government Units (Dealing with International Economic Matters); Origins of Certain Key Terms in International Economics.

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Book SynopsisAlthough international trade has been much studied by both economists and regional scientists, the nature, causes, and the consequences of interregional trade, i.e., trade between regions within countries has received far less attention. In addition, given recent advances in new economic geography on the theoretical front and in the development of both input-output and computable general equilibrium models on the empirical front, the important subject of interregional trade is now open to study using these theoretical and empirical methodologies. Given this state of affairs, this book aims to present chapters written by a carefully selected group of experts in the field and thereby shed valuable light on key outstanding questions concerning the region and trade. These questions include, but are not limited to, the role of external economies in shaping the pattern of interregional trade, the role of natural resources versus traditional factors of production such as labor and capital in driving interregional trade, the relationship between transport and interregional trade, “high value” interregional trade in services, and the role of interregional trade estimation in the construction of a multi-regional, input-output system.

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Book SynopsisAs a result of the recent financial crisis, there has been significant public debate on the role of the financial sector in bringing about the “Great Depression.” More generally, there has been debate about whether the current industry structure has enhanced social welfare or served a detrimental role.This book is a collection of papers presented at the conference held at the Federal Reserve Bank of Chicago, in November 2012 that examined the social value of the financial sector as currently structured. Issues evaluated include what are the perceived benefits and costs of the current financial system? How valuable have industry innovations been for society? Should regulation be used to “move” the industry in a direction thought to be more valuable for society? Should “big” banks be broken up? What are the welfare implications of the current industry structure? In the book, leading industry scholars debate these issues with a goal of influencing public policy toward the industry.Table of ContentsDescription and Measurement of the Financial System; Social Benefits and Costs of the Current Financial System; Financial Industry Innovation; Effects of Regulation, the Safety Net and Other Government Guarantees; Finance and Economic Activity: Variations across Emerging and Developed Markets; Break Up the Big Banks?; Where to from Here? What Does All of This Mean for Financial Regulatory Policy?.

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Book SynopsisFinancial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University.This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.Table of ContentsAnalytical Overview: Mobilising the Financial Sector Efficiently and Safely for Sustaining the Transformation of the Chinese Economy (Yingli Pan, Jeffrey Sachs, Wing Thye Woo and Qi Zhu); Understanding the Important Lessons from the International Experience: How the Financial Sector in the US Became Lawless and Unstable (Jeffrey D Sachs); Systemic Lack of Prudence in Wealthy Nations: Avoiding the Dark Side of Financial Development (Peter Boone and Simon Johnson); Lessons from the Financial Liberalization in the Nordic Countries in the 1980's (Seppo Honkapohja); Asian Financial Markets and Financial Internationalization in China (Kiyohiko Nishimura); Tokyo's Ultimately Failed Bid for First Tier International Financial Centre Status: Why Did It Fall Short and What Are the Lessons for Shanghai? (Huw McKay); Designing the Right Financial System for China: The Great Accommodation: Chinese Central Banking in the New Millennium (Junhui Qian); The Structural Friction in China's Banking System: Causes, Measurement and Solutions (Hongzhong Liu); Credit Rationing, Bank Bailouts, and the Deleterious Impact of Credit: Evidence from China (Jean-Louis Arcand); The Options for Reforming the Renminbi Exchange Rate Regime (Yingli Pan, Jing Nie, Si Zhou and Xinru Wu); The Internationalization of the Renminbi in Accordance with China's National Interests and Global Responsibilities (Yingli Pan, Yingfeng Xu and Jun Wu); Reforming China's Rural Financial Market (Wing Thye Woo and Xi Zhu).

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Book SynopsisFinancial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University.This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.Table of ContentsAnalytical Overview: Mobilising the Financial Sector Efficiently and Safely for Sustaining the Transformation of the Chinese Economy (Yingli Pan, Jeffrey Sachs, Wing Thye Woo and Qi Zhu); Understanding the Important Lessons from the International Experience: How the Financial Sector in the US Became Lawless and Unstable (Jeffrey D Sachs); Systemic Lack of Prudence in Wealthy Nations: Avoiding the Dark Side of Financial Development (Peter Boone and Simon Johnson); Lessons from the Financial Liberalization in the Nordic Countries in the 1980's (Seppo Honkapohja); Asian Financial Markets and Financial Internationalization in China (Kiyohiko Nishimura); Tokyo's Ultimately Failed Bid for First Tier International Financial Centre Status: Why Did It Fall Short and What Are the Lessons for Shanghai? (Huw McKay); Designing the Right Financial System for China: The Great Accommodation: Chinese Central Banking in the New Millennium (Junhui Qian); The Structural Friction in China's Banking System: Causes, Measurement and Solutions (Hongzhong Liu); Credit Rationing, Bank Bailouts, and the Deleterious Impact of Credit: Evidence from China (Jean-Louis Arcand); The Options for Reforming the Renminbi Exchange Rate Regime (Yingli Pan, Jing Nie, Si Zhou and Xinru Wu); The Internationalization of the Renminbi in Accordance with China's National Interests and Global Responsibilities (Yingli Pan, Yingfeng Xu and Jun Wu); Reforming China's Rural Financial Market (Wing Thye Woo and Xi Zhu).

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Book SynopsisThe Political Economy of Trade Policy: Theory, Evidence and Applications is a collection of sole-authored and co-authored papers by Devashish Mitra that have been published in various scholarly journals over the last two decades. It covers diverse topics in the political economy of trade policy, ranging from the role of modeling lobby formation in the context of trade policy determination to its applications to the question of unilateralism versus reciprocity and trade agreements. It also includes the theory and the empirics of the choice of policy instruments. Finally, the book presents the empirical investigation of the Grossman-Helpman “Protection for Sale” model as well as the Mayer “Median-Voter” model of trade policy determination.Table of ContentsIntroduction; Endogenous Lobby Formation and Endogenous Protection; Endogenous Political Organization and the Value of Trade Agreements; Reciprocated Unilateralism in Trade Policy (co-authored with Pravin Krishna); Reciprocated Unilateralism in Trade Reforms with Majority Voting (co-authored with Pravin Krishna); Unilateralism in Trade Policy: A Survey of Alternative Political-Economy Approaches (co-authored with Pravin Krishna); Endogenous Trade Policy through Majority Voting: An Empirical Investigation (co-authored with Pushan Dutt); Political Ideology and Endogenous Trade Policy: An Empirical Investigation (co-authored with Pushan Dutt); Labor versus Capital in Trade Policy: The Role of Ideology and Inequality (co-authored with Pushan Dutt); Can We Obtain Realistic Parameter Estimates for the "Protection for Sale Model"? (co-authored with Dimitrios Thomakos and Mehmet Ulubasoglu); "Protection for Sale" in a Developing Country: Democracy vs. Dictatorship (co-authored with Dimitrios Thomakos and Mehmet Ulubasoglu); On the Endogenous Choice between Protection and Promotion; Protection vs. Promotion: An Empirical Investigation (co-authored with Dimitrios Thomakos and Mehmet Ulubasoglu).

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Book SynopsisNon-Tariff Barriers, Regionalism and Poverty is a collection of key articles in three important areas of applied international trade research: measuring non-tariff barriers and their effects, the consequences of regional trading arrangements, especially on the countries excluded from them, and the connection between international trade and poverty. Drawing from 30 years of research and experience, L Alan Winters illustrates the development of techniques of this field and his continued commitment to answering real policy questions at the times at which they are debated. The collection shows the ways in which economic and econometric analysis can be used to answer real-world problems rigorously in the area of international trade and trade policy. Readers will find that some of the research included is of current methodological relevance and some of more historical significance. This volume is invaluable to anyone who is keen on developing their knowledge on trade policy, regionalism or poverty — three pressing issues in today's globalized world.Table of ContentsIntroduction; Non-Tariff Barriers: The Extent of Industrial Countries' Non-Tariff Barriers to International Trade; Digging for Victory: Agricultural Policy and National Security; Labour Adjustment Costs and British Footwear Protection; Do Exporters Gain from VERs?; VERs and Expectations: Extensions and Evidence; Voluntary Export Restraints and Rationing: UK Leather Footwear Imports from Eastern Europe; Regionalism: Separability and the Specification of Foreign Trade Functions; British Imports of Manufactures and the Common Market; Trade and Economic Geography: The Impact of EEC Accession on the UK; Integration and the Rest of the World: The Irrelevance of the Kemp-Wan Theorem; How Regional Blocs Affect Excluded Countries: The Price Effects of MERCOSUR; Trade and Poverty: Trade Liberalisation and Economic Performance: An Overview; Trade Liberalisation and Poverty: The Evidence So Far; Trade, Trade Policy and Poverty: What Are The Links?; Why Isn't the Doha Development Agenda More Poverty Friendly?; Trade Liberalisation and Poverty Dynamics in Vietnam; Agricultural Trade Liberalisation and Poverty Dynamics in Three Developing Countries; Trade as Engine of Creative Destruction: The Mexican Experience with Chinese Competition.

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Book SynopsisThe dynamism in modern Asia, especially with the current revival in Japan, stands in sharp contrast to the situation in Europe. An in-depth understanding of what is happening in contemporary Asia is key to grasping opportunities that this dynamism creates for all. This multi-volume reference work consists of three up-to-date and comprehensive volumes on Asia and the world economy. It covers the most important aspects of the world economy as they pertain to Asia in the increasingly accelerating globalization process and is a must-have for anyone keen to understand Asia and the contemporary world.The three-volume set covers the climate change challenges and solutions from the Asian perspectives, focusing on both domestic arrangements and trade-based options, and discusses scenario analyses for future climate regimes; the sustainability of growth in the Indian economy determined by analyzing the role of economic, technological and environmental factors and lastly, the growth experiences and prospects of India and China.

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Book SynopsisEducation and media services have much in common. Both provide services that embody local cultures, in which there is extensive public sector participation and significant domestic regulation. At the same time, both are dramatically affected by the information and communications technology revolution. The production of information content now involves huge costs in terms of research and development or artistic talent, whilst the cost of making such products available to other consumers is very low. This in turn challenges the effectiveness of domestic regulation and raises fundamental questions about its purpose, calling for an increased scope for international trade and investment, and the development of supply chains.Yet, both areas are lightly committed in international trade agreements like the GATS. This lack of commitment and the lack of additional impact from negotiations in bilateral discriminatory trade agreements are cross-cutting themes in the book.Trade Policy in Asia responds to these issues to provide readers with a comprehensive and consistent treatment of policy in the higher education and media services sector across a range of Asian economies little studied in the existing literature. The book opens the discussion with an overview of global trends in each area, followed by detailed, country-specific studies. Through comparative work, it identifies common elements across these sectors and highlights critical implications for trade policy.Education services themes include the growth and impediments involved in various forms of trade and investment; the emergence of a ‘new wave’ of globalization; obstacles faced by domestic providers in supplying services; a common ambition to become an education services hub for international students; and the scope for greater international cooperation in research.Media services themes include the impact of new technology on options for content delivery and the associated problems for policy implementation and copyright protection, and the new challenges of globalization for social goals relating to local cultures, as well as risks involved in implementing policies that pursue these goals.

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Book SynopsisIn The Floating World, Emeritus Professor of Economics Wilfred Ethier collates 22 papers that delve deep into the study on International Trade Theory. These papers are grouped into six distinct sections. Each covers an overarching research program in trade theory — Factor-Endowments Theory, Economies of Scale, International Factor Markets, Regional Integration, the Political Economy of Trade Policy, and Administered Protection. An additional section for important papers outside of those programs is also included. With papers originally written in the 1970s all the way up to recent times, Ethier provides contemporary commentary for each section, referring to further sources, candid accounts on the state of international trade theory at the time and how each paper contributed to further improvements of their respective research program.

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Book SynopsisChina and Japan are the two most important countries in the Asia-Pacific region. Their economic ties are significant not only because they are the second and third largest economies in today's world, but also because their economic relationship has an important impact on regional economic co-operation and international production chains.China's Japan Policy: Adjusting to New Challenges analyzes the significance of Japan in China's foreign policy framework within the broader context of China's world view, its national objectives, and the Chinese leadership's policy adjustments in response to the changing international and domestic circumstances. It looks at China's Japan policy in recent decades since their normalization of relations in 1972. The book also examines the unique characteristics of the China-Japan bilateral relationship, especially the historical legacy, territorial disputes, and the special cultural affinities between the two nations. Readers interested in China and Japan will find this an invaluable reference with detailed insights on international relations and economic developments in the Asia-Pacific region.

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Book SynopsisWhen the People's Republic of China (PRC) was granted Most Favored Nation (MFN) status by the United States in 1979, no one imagined the massive transformation the Chinese economy would make within a few decades. China's remarkable transition from merely being a “world factory”, to the source of the world's new R&D and product design and innovation since the 1980s is the key focus of Spillover Effects of China Going Global. In this insightful and unique book, Joseph Pelzman shows how the second largest world economy triggered off many spillover effects beyond mass-labour production of durable and non-durable goods — such as the provision of foreign aid to African, Latin American and Asian economies, and increasing focus on internal endogenous innovation, research and development. He provides a comprehensive look at these spillover effects and analyzes how they will undoubtedly bring positive opportunities for others within the rest of the world in the 21st Century.

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Book SynopsisInternational Trade, Distribution and Development brings together a collection of papers that have sought to assess empirically the impacts of policy measures affecting trade. The carefully selected papers analyze the impact of trade barriers and their removal, with a focus on distributional consequences and economic development.Grounded in rigorous empirical analysis, this book covers a range of policy issues such as impacts of trade on wages, non-tariff barriers, trade preferences, export survival and carbon labelling. An invaluable reference for readers seeking to understand the impact of trade policies, the book also seeks to shed light on future research, especially for research on developing countries.

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Book SynopsisIn Evolving Patterns in Global Trade and Finance, Professor Sven W Arndt offers succinct and rigorous explanations of important developments in trade, finance and international monetary relations. Topics include economic and monetary integration, cross-border production networks, and stabilization policy in orthodox and mixed exchange-rate regimes. The theoretical framework developed in this volume provides critical assessments of existing policies and practices, develops theoretical foundations for new and emerging patterns in trade and finance, and evaluates how well economists and policy makers are dealing (or have dealt) with the challenges they face. Readers will find the most in-depth and comprehensive discussion of international production networks (“off-shoring”), a detailed analysis of the implications for US economic stability and policy autonomy of its unorthodox exchange rate regime of fixed and floating rates, and insights into the causes of recent economic and financial turmoil in the global economy.

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Book SynopsisTrade-Related Agricultural Policy Analysis brings together several aspects of agricultural policy analysis in an international context. A unique dimension of this book is a focus not on traditional border measures (tariffs, quotas and export subsidies or restrictions) but on behind-the-border measures that reflect the political economy of agriculture as a primary sector in context of its historical roots and relevant issues within each country. Macroeconomic policies interact with agricultural prices and trade, and thus with farm support programs. There is an intense political economy of agricultural policy in the United States, as set in recurring “farm bills.” This recurring legislation has direct effects on world markets and indirect effects by setting the conditions and tone for international negotiations. Policy interventions directed at agriculture do not occur in isolate, so their impacts have to be weighed against one another. Moreover, seeking an open global trading system for agricultural and food products has to be balanced with some public-good regulation to ensure health and safety as products cross borders. Each of these issues is explored in several chapters of this volume.Table of ContentsIntroduction: Synopsis and Context of the Volume; Macroeconomic Impacts on Agriculture: Monetary Impacts on Prices in the Short Run and Long Run: Some Evidences from New Zealand (John C Robertson and David Orden); Identifying Monetary Impacts on Agricultural Prices in VAR Models (David Orden and Paul Fackler); Exchange Rate Alignment and Producer Support Estimates (PSEs) of India (Fuzhi Cheng and David Orden); US Farm Policy in International Perspective, 1990-2020: The WTO Disciplines on Domestic Support, Lars Brink (David Orden, David Blandford and Tim Josling); Agricultural Interest Group Bargaining over the North American Free Trade Agreement (David Orden); The Political Economy of the FAIR Act (David Orden, Robert Paarlberg and Terry Roe); US Agricultural Policy: The 2002 Farm Bill and WTO Doha Round Proposal (David Orden); United States, David Blandford and David Orden (David Orden, David Blandford and Tim Josling); The US Agricultural Act of 2014; Policy Interactions: Sources of Growth in French Agriculture (Frederic Bouchet, David Orden and George W Norton); Environmental Quality and Industry Protection with Noncooperative versus Cooperative Domestic and Trade Policies (Joachim Schleich and David Orden); Poverty Implications of Agricultural and Non-Agricultural Price Distortions in Pakistan (Caesar B Cororaton and David Orden); Sanitary and Phytosanitary Measures: Integrating Import Risk and Trade Benefit Analysis (Richard Snape and David Orden); Trade-Related Regulations in the Global Food System (Timothy Josling, Donna Roberts and David Orden); Global Food Regulatory Framework (Timothy Josling, Donna Roberts and David Orden); Avocado Pests and Avocado Trade (Everett Peterson and David Orden);

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Book SynopsisThis volume contains a selection of papers that were presented at the CRESSE Conferences held in Chania, Crete, from July 6th to 8th, 2012, and in Corfu from July 5th to 7th, 2013. The chapters address current policy issues in competition and regulation. The book contains contributions at the frontier of competition economics and regulation and provides perspectives on recent research findings in the field. Written by experts in their respective fields, the book brings together current thinking on market forces at play in imperfectly competitive industries, how firms use anti-competitive practices to their advantage and how competition policy and regulation can address market failures. It provides an in-depth analysis of various ongoing debates and offers fresh insights in terms of conceptual understanding, empirical findings and policy implications. The book contributes to our understanding of imperfectly competitive markets, anti-competitive practices and competition policy and regulation.Table of ContentsCompetition: Market Consolidation and Pricing Developments in Grocery Retailing: A Case Study (Ratula Chakraborty, Paul W Dobson, Jonathan S Seaton and Michael Waterson); The Price Effects of Mergers in Airline Networks (Kai Huschelrath and Kathrin Muller); Pattern Asymmetry in the Pass-Through of Input Price Shocks in the Road Fuels Sector: New Evidence on the United Kingdom (Enrico Pesaresi, Conor Flanagan and Boryana Miteva); Better Product at Same Cost: Leader Innovation Generic Product Improvement (David J Balan and George Deltas); Industry Structure and Pricing Over the Business Cycle (Yossi Spiegel and Konrad Stahl); Price Competition between Platforms: The Case of eBay vs.Yahoo! Auctions (Stefan Behringer); Anticompetitive Practices: Cartel Sales Dynamics when Monitoring for Compliance is More Frequent than Punishment for Non-Compliance (Joseph E Harrington, Jr and Juan-Pablo Montero); Exploitation and Induced Tacit Collusion: A Classroom Experiment of Corporate Leniency Programs (Jeroen Hinloopen and Adriaan Soetevent); Quantity Discounts and Market Power: The Michelin Case Revisited (Liliane Giardino-Karlinger); Technology Transfer, Contracting, and Product Market Competition (Frago Kourandi, Sabina Sachtachtinskagia and Nikolaos Vettas); Competition Policy and Regulation: How Can Competition Policy and Competition-Policy Economics Contribute to Solving the Healthcare Crisis? (Michael L Katz); Regulation Mismatch in Tackling CO2 Emissions (Claude Crampes); Public Policies in Investment-Intensive Industries (Giovanni Immordino and Michele Polo); The Role of Legal Principles in the Economic Analysis of Competition Policy (Harold Houba, Evgenia Motchenkova and Quan Wen); Deterrence in Competition Law (Paolo Buccirossi, Lorenzo Ciari, Tomaso Duso, Giancarlo Spagnolo and Cristiana Vitale); The Risks and Tricks in Public-Private Partnerships (Elisabetta Iossa, Giancarlo Spagnolo and Mercedes Vellez);

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Book SynopsisMainstream economics generally assumes a universalistic market-oriented economic behavior that drives countries to adopt one economic system, with marginal variations. This book extends the scope of theory and applications by asserting that other distinct behaviors evolve and dominate in other economic systems. Systemic differences arise from distinct social, political and economic behavioral-motivational types that associate with intensive agent activity in household, state and firm settings. External conditions, historical events, and agent interactions ultimately result in domination of one motivational type over others; thus determining distinct profiles of structure, conduct, and performance in different economic systems, that are generally observed in the adopting countries.The book validates the theory empirically, traces the historical evolution of the respective economic systems in the world regions and evaluates their responses to various systemic failures such as monopoly, uncertainties, externalities and collective needs. The evaluation is extended to structural changes and system performance regarding growth and distribution.This book draws on microeconomics, welfare economics, development economics and the international economy. The book projects the influence potential of leading countries/systems, and treats effects of displacement of incumbent leaders (US, Japan) by newcomer leaders (China, India) on system competition and on world governance.Table of ContentsIntroduction; An Integrative Theory of Economic Systems; Empirical Validations; Evolution and Evaluation of the Firm Intensive System in FIS-Centered Countries; Evolution and Evaluation of the State Intensive Systems in SIS-Oriented Countries; Economic Systems in the World Development Regions; Focus on China and India as Upcoming Global Leaders; World Governance and System Competition in the Near Future;

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Book SynopsisGiven its geographical proximity to Asia and its close alliance with the West, Australia, amid the rise of Asian economies, needs to re-formulate its policies on trade, investment and security. Over the years, in making decisions on issues relating to trade, investment and security, the Australian government has often resorted to the notion of 'national interest'. This book attempts to analyse ‘national interest’ from the perspectives of economics, finance, international trade, foreign direct investment, international relations, energy resources, and migration in the context of Australia in the Asian century.Currently, there are no multidisciplinary books on the Australian ‘national interest’. This book fills the gap with a broad and integrated approach in examining the subject. Academics, researchers, and students of various disciplines (such as economics, finance, international relations, international trade, foreign direct investment and Asian studies), policy advisors, government agencies, financial institutions, and trade law practitioners from around the world will find this book useful and stimulating.Table of ContentsAustralia's Trade, Investment And Security in the Asian Century; Hard Choices: Defining Australia's National Interest in the Asian Century; Between Two and Half Giants in Pursuit of the Asian Prosperity: Dilemmas of Australia's National Security Strategy; 'National Interest' and Tectonic Change: The Case of Australia and Asia; National Interest in Trade and Investment Agreements - Protecting the Health of Australians; Shepperton Preserving Company, the Tomato Processing Industry and the National Interest; 'National Interest' and Australian and Chinese Investment Law and Policy; Investment Disputes and Australia's National Interest - A Precarious Balance; Defining Australian National Interests in Regulating Foreign Investments; Australia's National Interest in Supplying Gas Resources to the Asian Markets; Is Australia's Foreign Investment Policy in the National Interest?; People Movements and the 'National Interest' International Migration and Australia's National Interest in the Asian Century; Achieving Financial Stability through Financial Market Integration with Asia; Regulating Australia's Financial Stability in the National Interest; Balancing Australia's National Interests; Responsible International Citizenry in the Asian Century - Why Failure to Meet International Obligations Adversely Affects Australian National Interests; National Interest in an Increasingly Globalised World;

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