This work presents a new theory and approach to the rapidly changing economics of international trade which challenges the prevailing neo-Keynesian point of view. From a theoretical perspective, the author examines the arguments of classical and neoclassical economists to develop the concept of dynamic disequilibrium with respect to the business cycle and its influence on a country's international trade position. Additionally, this concept is applied to multinational corporations and customs unions such as the European Community in their practical trade relationships.
New economic conditions in the developed and newly industrializing world increasingly force us to question the foundations of existing international economic relationships. This study sheds some light on the complex relationship between law and economics. Beginning with the historical evidence of market structure, trade, and law, the work progresses to discuss transportation, export finance, marine insurance, and technology transfers. The author provides some interesting insights into and discussion on the future of international trade and the untested relationship between social and political chaos and the law.
Three central dilemmas are explained in this book - the unequal distribution of income and wealth created by international trade, the tradeoff among competing values that trade requires, and the relationship between economic and foreign policy goals.
This collection addresses the many issues in international finance and trade facing North American governments and industries. Fatemi challenges prevailing theories which maintain that the dollar's fall will alleviate America's balance of trade deficit. Divided into eight parts analyzing the principal problems in international trade that will be faced in the 1990s, the work includes articles on currency markets and fluctuations; the international debt crisis; external borrowing; multi-national corporations; foreign direct investment in North America; and the North American Common Market.
This revised edition takes into account the developments taking place in the world economy. Grimwade introduces the reader to major economic theories and models with an emphasis on changes within the world trading system and how governments respond.
When can a country be said to benefit from free trade? Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question.
Regulation of world trade is beyond the control of any one nation. Moreover, Western capitalism is losing its influence in trade negotiations. Policy makers must be alerted to these changes and adjust to them creatively. Fischer argues that the United States needs allies in the new era of world trade, that the private sector is increasingly influential in driving the world trade agenda, and that trade globalization creates a new paradigm that supplants traditional national competition.
This book sheds new light on a major issue on the international trade policy agenda - the promotion and defence of competition in globalizing markets. The liberalization of cross-border flows of goods, services and capital that has occurred during the last decade has made competition increasingly important. The authors discuss multi-national approaches to competition policy in the WTO, European Union, the Americas, OECD, UNCTAD and CER. They investigate the policy responses to anti-competitive, cross-border business transactions and argue that a growing reliance on competition law is not in itself sufficient to promote competition in globalizing markets. They conclude that to achieve genuine competition in globalizing markets, policymakers must have a more comprehensive and coherent policy governed by agreed competition principles.
The World Trade Organization is likely to be a major international organization for the foreseeable future. This volume, the first full-length study of the WTO and GATT from the viewpoint of public choice and political economy, details the mechanics of the multilateral trading system that emerged from the Uruguay Round of GATT. The authors, who were involved in the negotiations of the Uruguay Round, explain why WTO rules are phrased the way they are, the successes and failures of WTO and GATT, and how business, industrial associations and political lobbies influence the multilateral trading system.
P.J. Lloyd and Hyun-Hoon Lee have assembled an international cast of contributors to offer a selection of models examining the nature of intra-industry trade in several new areas of trade theory, in addition to empirical studies and analysis of much new data in trade patterns. This volume provides an authoritative new treatment of the theory, measurement and testing of the subject of intra-industry trade.