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The Oxford Handbook of International Commercial Policy

by: Kreinin, Mordechai E.; Plummer, Michael G.

ISBN: 9780195378047 | 0195378040

Format: Hardcover
Publisher: Oxford University Press, USA
Pub. Date: 5/18/2012

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Summary Table of Contents

As we enter the 2010s, the global economy is becoming increasingly integrated. International trade has been growing rapidly, an ostensibly irresistible trend that was only temporarily disrupted by the 2008-09 global recession. Globalization has become associated with a country's economic success while failure to open up markets is often viewed as a cause of economic stagnation. This is predicted by economic theory and verified by empirical investigations. One reason for the growth of trade is the impressive reduction of trade barriers over the ... MOREpast 60 years; namely the pursuit of liberal commercial policy by many countries, led by the United States. Yet, particularly with the economic malaise that has persisted since the Great Recession, the role of commercial policy has become increasingly controversial in the media and other public fora. The relationship between trade and employment, as well as the implications of trade for income distribution, are examples of profound influences on national economies that have provoked intensive debate in the public realm. These domestic effects go a long way towards explaining the widespread backlash against globalization that we have observed in recent years. This volume of contributions from some of the best-known international trade economists explores and analyzes the various aspects of commercial policy -- theoretical, empirical, and institutional -- in a way that standard texts in international economics do not. It does this via two sets of chapters: the first part covers general approaches to commercial policy, including theoretical, institutional, historical, and empirical contributions. Topics addressed include a general analysis of free trade compared to its alternatives, the future of the international trading system (including the regional trade agreement zeitgeist), trade's effects on employment, and the "special" case of agriculture. The second part is comprised of country-specific and regional applications, including case studies of key players in the international trading system (United States, the European Union, and Japan); small, open markets (Australia and Israel); large emerging markets (China and India); and a South-South regional grouping (the Association of Southeast Asian Nations).

This volume of contributions from some of the world's best-known international trade economists explores and analyzes the various aspects of commercial policy in a way that standard texts in international economics do not. It does this in two parts: the first part covers general approaches to commercial policy, including theoretical, institutional, historical, and empirical contributions, while the second part is comprised of country-specific and regional applications, including aseries of case studies of key players in the international trading system and emerging markets.

Contributors	p. vii
Introduction and Overview	p. xv
Abstracts	p. xix
General Approaches to Commercial Policy
Free Trade and Its Alternatives	p. 3
The International Trading System and Its Future	p. 32
Administration of Trade Policy	p. 50
Trade and the Labor Market: Recent Developments and New Frontiers	p. 75
Agriculture	p. 97... MORE
Theory and Economic Modeling of Preferential Trading Arrangements	p. 123
The Rules-Based Trading System	p. 157
Country (Regional) Studies
U.S. Trade Policy since 1934: An Uneven Path toward Greater Trade Liberalization	p. 177
The European Community Commercial Policy	p. 196
Changing Commercial Policy in Japan, 1985-2010	p. 225
Commercial Policy and Experience in the Giants: China and India	p. 252
Australian Commercial Policies	p. 289
The European Transition Economies	p. 308
Trade Liberalization in a Small Open Economy: The Case of Israel	p. 335
ASEAN Economic Integration: Driven by Markets, Bureaucrats, or Both?	p. 357
Index	p. 387
Table of Contents provided by Ingram. All Rights Reserved.

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