International Rivalry, Intra-industry Trade, and the Effects of Trade Policies PDF Download

Author: Kwok Chiu Fung
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 464

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Author: Cameron Thies
Publisher: Stanford University Press
ISBN: 080479720X
Category : Business & Economics
Languages : en
Pages : 206

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Intra-Industry Trade calls for us to rethink what trade most often looks like and how it shapes global institutions, fostering peace among states. Cameron G. Thies and Timothy M. Peterson argue that our understanding of trade has not kept pace with its changing nature in the 21st century; existing models, rooted in Ricardo's theories, regard trade uniformly as taking place between entities and countries that offer different commodities and operate according to the logic of comparative advantage. Though this type of exchange does take place, intra-industry trade—international trade of the same or similar commodities, in which foreign and domestic brands compete—is increasingly prevalent. The authors argue that our current academic and policymaking focus on the total volume of trade, rather than its composition, is misplaced. Trade composition matters, not just because it gives us a fuller understanding of how trade works, but also because intra-industry trade increases the likelihood of positive institutional relations and cooperation between states. To illustrate their point, the authors examine the effects that intra-industry trade has on Preferential Trade Agreement formation, its tendency to lessen World Trade Organization disputes and militarized conflict, and its ability to pave the way for new and fortified alliances.

Author: Gautam Sen
Publisher: Burns & Oates
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Author: Iain Guthrie Osgood
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Which firms support trade liberalization and under what circumstances? The dominant approaches to trade politics ignore two key features of modern international commerce -- firm heterogeneity in export performance and intra-industry trade -- which jointly imply that industries will be divided over bilateral trade liberalization. This dissertation examines the impact of these features on the politics of trade, exploring the preferences of firms, the attitudes of industries, and the motivations of politicians, in turn. When products are differentiated, firms which do not export generally oppose trade liberalization even in industries at a comparative advantage relative to their foreign trade partners. Not all exporting firms will be supporters of trade, however. For example, the largest exporters may oppose trade liberalization in their export markets due to increased competition from compatriot firms. It is then argued that industries are most likely to be divided where product differentiation is high and differences in competitiveness between trade partners are muted. This pattern is documented empirically in a study of US industries' attitudes toward the US-Korea and US-Australia Free Trade Agreements. Finally, a complete political economic model of trade policy determination with heterogeneous firms is developed. The changing preferences of politicians across different economic and institutional settings are explored, and comparative statics identified which show how equilibrium tariffs change with key industry features.

Author: Michael Kúnin
Publisher:
ISBN: 9788073430207
Category : Economics
Languages : en
Pages : 35

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Author: William Anthony Lovett
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 312

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Author: National Research Council
Publisher: National Academies Press
ISBN: 0309057299
Category : Political Science
Languages : en
Pages : 451

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Author: Elhanan Helpman
Publisher: MIT Press
ISBN: 9780262580878
Category : Business & Economics
Languages : en
Pages : 294

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Book Description
Market Structure and Foreign Trade presents a coherent theory of trade in the presence of market structures other than perfect competition. The theory it develops explains trade patterns, especially of industrial countries, and provides an integration between trade and the role of multinational enterprises. Relating current theoretical work to the main body of trade theory, Helpman and Krugman review and restate known results and also offer entirely new material on contestable markets, oligopolies, welfare, and multinational corporations, and new insights on external economies, intermediate inputs, and trade composition.

Author: Americo Beviglia Zampetti
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 240

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In an international context, fairness is particularly important, since only a system which is perceived by its participants as fair can command acceptance and compliance. The main focus of this study is to investigate the development of the notion of fairness in US trade policy and law as well as the impact this notion has on international trade discussions and rule-making, and especially on the formation of the multilateral trade regime. The contention of the author, Americo Beviglia Zampetti, is that fairness concerns, which have been present in the US trade policy debates and treaty practice since the Republic's inception, have contributed to shaping these debates and practice over the years, both at home and abroad. These concerns were finally thrust upon the international scene through inclusion in the multilateral trade regime after World War II. As such, the book forms part of the broader debate over the costs and benefits of globalization. The methodological approach chosen is that of an 'intellectual history', which seeks to understand the origin of a particular idea, trace its trajectory within the international trade policy discourse and evaluate its impact on policy and regime formation. Fairness in the World Economywill be a fascinating and insightful read for academics, students, researchers and policymakers with an interest in international trade issues as well as international affairs, relations and economics.

Author: Paul Krugman
Publisher: University of Chicago Press
ISBN: 0226454665
Category : Business & Economics
Languages : en
Pages : 260

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Since the 1980s, economists have used the concept of strategic trade policy, which takes account of imperfect competition and increasing returns in the international marketplace, to criticize conventional views about free trade. According to the new view, a government can take strategic steps to raise its income at another country's expense—by subsidizing exports or erecting trade barriers, protecting certain firms from foreign competition, or promoting the development of new industries. This volume looks at the experience of specific industries in order to determine the effectiveness of strategic trade policy in promoting economic growth. The nine papers cover the U.S. and European auto industries, the U.S. steel industry, the commercial aircraft industry, airline deregulation in Scandinavia, and labor and industrial policy in Korea and Taiwan. The authors refine the basic techniques for measuring policy effectiveness, extend them to encompass industry dynamics, and test the implications of new trade models. International economists and trade experts in government and business will find important new insights into the role of strategic trade policy in international competitiveness.