Charts the changing policy landscape from traditional trade
Trade Review
"Summing Up: Highly recommended. Upper-division undergraduate and graduate students." (Choice, 1 May 2014)
Table of Contents
Acknowledgments xi
List of Tables xv
List of Figures xvii
Preface xxi
Part One Trade Theory as Guidance to Trade Policy 1
1 Preliminaries: Trade Theory 3
1.1 What Are the Core Questions Asked by International Trade Economists? 3
1.2 How Can Trade Theory Provide Guidance to Trade Policy? 4
1.3 How Has International Trade Evolved over Time in Practice? 5
1.4 How Has Trade Theory Evolved over Time? 6
1.5 How Is the Book Organized? 9
Further Reading 11
2 Inter-industry Trade 13
2.1 What Are the Effects of Trade in the Long Run, When Countries Differ in Technologies? 14
2.2 What Are the Effects of Trade in the Long Run, When Countries Differ in Endowments? 24
2.3 What Are the Effects of Trade in the Short Run, When Countries Differ in Immobile Endowments? 39
2.4 Summary Remarks 51
Applied Problems 54
Further Reading 55
3 Intra-Industry and Intra-Firm Trade 57
3.1 What Is Intra-Industry Trade and Its Effects? 58
3.2 What Is Intra-Firm Trade and Its Effects? 65
3.3 Summary Remarks 71
Applied Problems 74
Further Reading 76
Notes 78
Part Two Trade Policies and Their Effects 81
4 Preliminaries: Trade Policy and Welfare Considerations 83
4.1 What Are Traditional Trade Policies? 83
4.2 What Approaches Are Used to Examine Trade Policy? 84
4.3 What Are the Welfare Effects of Liberalizing Trade Policy? 85
4.4 How Is Part Two Organized? 88
Further Reading 89
Note 90
5 Tariffs 91
5.1 What Are Tariffs, Their Types and Purpose? 91
5.2 What Are the Effects of Tariffs? 92
5.3 What Are the Effects of Tariff Liberalization? 107
5.4 How Protective Are Tariffs of the Domestic Industry? 109
5.5 Summary Remarks 111
Applied Problems 115
Further Reading 116
Notes 117
6 Export Subsidies 119
6.1 What Are Export Subsidies, Their Types and Purpose? 119
6.2 What Are the Effects of Export Subsidies? 120
6.3 What Are the Effects of Liberalizing Export Subsidies? 137
6.4 Summary Remarks 138
Applied Problems 142
Further Reading 143
Note 143
7 Quantitative Restrictions 145
7.1 What Are Quantitative Restrictions, Their Types and Purpose? 145
7.2 What Are the Effects of Quantitative Restrictions? 147
7.3 Summary Remarks 157
Applied Problems 160
Further Reading 160
8 Policy Comparisons 163
8.1 What Are Policy Equivalents, and Their Purpose? 163
8.2 What Are the Relative Effects of Policy Equivalents? 164
8.3 What Are the Relative Effects of Liberalizing Policies? 172
8.4 What Are the Effects of Substituting Policies? 174
8.5 Summary Remarks 176
Applied Problems 180
Further Reading 182
Note 182
Part Three Trade-Related Policies 183
9 Preliminaries: Trade-Related Policies and Trade in Services 185
9.1 What Are Trade-Related Policies? 185
9.2 How Have Trade-Related Policies Evolved over Time in Practice? 186
9.3 How Have Trade Policies Toward Services Evolved over Time in Practice? 188
9.4 How Is Part Three Organized? 190
Further Reading 191
Notes 192
10 Intellectual Property Rights 193
10.1 What Are Intellectual Property Rights, Their Types, and Purpose? 193
10.2 What Are the Effects of Intellectual Property Rights? 196
10.3 How Have Intellectual Property Rights Evolved over Time in Practice? 202
10.4 What Are the Intellectual Property Rights Issues on the Policy Frontier? 206
10.5 Summary Remarks 208
Applied Problems 211
Further Reading 212
Notes 214
11 Environmental Policies 215
11.1 What Are Trade-Related Environmental Policies, Their Types and Purpose? 215
11.2 What Are the Effects of Trade Policy on the Environment? 216
11.3 What Are the Effects of Environmental Policy on Trade? 219
11.4 What Are the Implications of Using Trade Policy to Address Environmental Externalities? 221
11.5 Summary Remarks 232
Applied Problems 235
Further Reading 237
Notes 238
12 Labor Policies 239
12.1 What Are Trade-Related Labor Policies, Their Types, and Purpose? 239
12.2 What Are the Effects of Trade Policy on Labor? 241
12.3 How Can the Gains and Losses from Trade Be Redistributed within Countries? 264
12.4 What Are the Effects of Labor Policy on Trade? 265
12.5 Summary Remarks 267
Applied Problems 270
Further Reading 271
Notes 272
13 Growth and Development Policies 273
13.1 What Are Trade-Related Development and Growth Policies, Their Types, and Purpose? 273
13.2 What Are the Effects of Trade on Development and Growth? 275
13.3 What Are the Effects of Growth on Development (or Welfare) in the Presence of Trade? 287
13.4 Summary Remarks 295
Applied Problems 298
Further Reading 299
Notes 301
Part Four Trade Arrangements 303
14 Regional and Multilateral Arrangements 305
14.1 What Are the Institutional Arrangements for Trade Policy? 306
14.2 What Are the Effects of Alterative Arrangements for Trade Policy? 310
14.3 Are Regional Arrangements Stepping Stones or Stumbling Blocks to Multilateral Liberalization? 321
14.4 Summary Remarks 323
Applied Problems 327
Further Reading 329
Notes 331
References 333
Index 339
