International Trade, Economic Development and National Welfare PDF Download

Author: Kausik Gupta
Publisher: Taylor & Francis
ISBN: 1000853748
Category : Business & Economics
Languages : en
Pages : 265

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Book Description
This book presents a comprehensive analysis of contemporary issues in international trade and economic development. Emphasising the significance of economic development within policymaking, the book covers important issues like the provisioning of public goods, its implication in a liberalised regime, crime and corruption, skilled–unskilled wage inequality, income distribution and unemployment, environmental regulation and role of educational capital and informal sector. The volume deals with the impact that different aspects of international trade and investment are likely to have on the above-mentioned areas. The essays, written to honour the memory of Professor Sarbajit Chaudhuri, also examine topics that focus on public policy related to immigration of skilled workforce, political resistance and political compulsions that a democratic government might face in keeping with its commitment to tariff reforms, gender wage gap and issues related to globalisation, income distribution and unemployment. The book will be of invaluable interest to postgraduate students, scholars and researchers of development economics, international economics and labour economics and to those working on theoretical research on applications of general equilibrium trade models in developing countries.

Author: Kausik Gupta
Publisher:
ISBN: 9781003375050
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 0

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Book Description
This book presents a comprehensive analysis of contemporary issues in international trade and economic development. Emphasising the significance of economic development within policymaking, the book covers important issues like the provisioning of public goods, its implication in a liberalised regime, crime and corruption, skilled-unskilled wage inequality, income distribution and unemployment, environmental regulation and role of educational capital and informal sector. The volume deals with the impact that different aspects of international trade and investment are likely to have on the above-mentioned areas. The essays, written to honour the memory of Professor Sarbajit Chaudhuri, also examine topics that focus on public policy related to immigration of skilled workforce, political resistance and political compulsions that a democratic government might face in keeping with its commitment to tariff reforms, gender wage gap and issues related to globalisation, income distribution and unemployment. The book will be of invaluable interest to postgraduate students, scholars and researchers of development economics, international economics and labour economics and to those working on theoretical research on applications of general equilibrium trade models in developing countries.

Author: Murray C. Kemp
Publisher: Routledge
ISBN: 1134599447
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
When can a country be said to benefit from free trade? This question has obsessed economists for more than 200 years, and a definitive answer has never been provided. Continuing the influential work begun in The Gains from Trade and the Gains from Aid, (Routledge 1995), Murray Kemp here presents the recent progress he and his co-workers have made in tackling this important question.

Author: Ebba Dohlman
Publisher: Oxford University Press
ISBN: 9780198275589
Category : Reference
Languages : en
Pages : 254

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Book Description
This book explores the tension which exists in industrial Western States which are committed to the liberalization of trade, but which at the same time are increasingly expected to provide economic security not only for traditional defensive purposes, but also for the social welfare of thenation as a whole.This tension is particularly acute in neutral countries such as Sweden, where many contradictions and inconsistencies have emerged in the government's economic policy of subsidies and trade restrictions. Dr Dohlman reassesses the relationship between national economic security and the internationaltrading order, both in general and with regard to the particular problems that this relationship poses for neutral states. Her findings have far-reaching implications both for the future of Sweden's economic security, and for other industrialized countries in an increasingly protectionistenvironment.

Author: Robert Z. Lawrence
Publisher: Brookings Institution Press
ISBN: 9780815720102
Category : Political Science
Languages : en
Pages : 178

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Book Description
The world economy has undergone miraculous changes in the last decade, particularly in developing and former communist countries. Privatization and trade liberalization have replaced the protectionist and statist policies that were deeply entrenched in these areas just ten years ago. Today, these dynamic emerging markets offer attractive opportunities. According to Robert Lawrence, liberal international trade and investment should provide significant opportunities for gains in developing and developed nations alike. But will the developed countries be allowed to keep their markets open and absorb exports from developing countries? Many in the U.S. and Europe blame international trade for unemployment and wage inequality. But what is the real relationship? Lawrence contends that while trade has played some role in reducing the wages of poorly educated workers in the U.S. and in raising the unemployment of unskilled workers in Europe, its impact has been small compared with other causes of these changes. Lawrence examines the role of trade in developed and developing countries and its impact on labor markets and wage inequality, and discusses what he considers the more important effects of technological and organizational change. He begins by focusing on U.S. wage behavior, then moves to wage behavior in the OECD countries. Lawrence concludes that the impact of globalization on OECD labor markets has been far less damaging than many have argued and, indeed, that international trade enhances national welfare. He presents considerable evidence that the sources of poor labor market performance are essentially domestic—they reflect ongoing technological and organizational shocks that would be present even if the economy was closed. This evidence suggests that international differences in wage rates and labor standards are not major factors in OECD labor market behavior. He explains that the major challenges to policy are educating the public on the nature of these changes, emphasizing the need for worker training and education to take advantage of new technologies and new organizational structures, and developing measures to reduce earnings inequality while preserving and increasing wage flexibility. Robert Z. Lawrence is professor of international trade and investment at the John F. Kennedy School of Government at Harvard University. His previous books include A Vision for the World Economy: Openness, Diversity, and Cohesion (Brookings, 1996), the capstone volume to the Integrating National Economies series. Copublished with the OECD Development Centre

Author: John Atkinson Hobson
Publisher:
ISBN: 9781436941563
Category : Commerce
Languages : en
Pages : 256

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Book Description
This scarce antiquarian book is a facsimile reprint of the original. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions that are true to the original work.

Author: Rajat Acharyya
Publisher: OUP Oxford
ISBN: 0191653527
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
This graduate textbook offers advanced and contemporary readings in international trade and economic development and provides an overview of the fundamental topics in this area. It brings together many of the issues that are considered staple reading for a course in trade and development and it offers a systematic coverage of the relevant and state of the art research on various aspects of the subject. This includes detailed analysis of important sub-topics such as: trade and labour market, trade and public economics, the theory of the second best, foreign aid, factor mobility, and regional and global welfare. It also covers international trade and labour standards, the informal labour market, and TRIPS. Aimed at post-graduate students interested in trade theory and applications in development issues, this book should also prove a valuable resource for practicing economists, policy makers, and advanced undergraduate students studying international trade. The text balances extensive coverage of available literature in the area with substantive inclusions from new research published in leading journals and volumes. It aims to fill the gap in the teaching resources and should promote further theoretical and empirical research in the subject.

Author: Raj Kumar
Publisher: Excel Books India
ISBN: 9788174466488
Category : International economic relations
Languages : en
Pages : 580

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Book Description
International Economics is one of the most important and dynamic disciplines of economics. The subject has become all the more complex and interesting because of the interesting because of the intricacies involved in economic factors, international relations, and the socio-economic environment. This book captures all the recent developments in the international economics and business scenario. The contents of the book are divided into four parts. The first part contains - International Economics and Trade, Analytical Tools of International Economics, Theory of Comparative Costs, Modern Theories of International Trade, Hechscher- Ohlin Theory and Gains from International Trade. The second part includes-International Trade and Economic Development, Terms of Trade, Tariffs and International Trade, Contribution of Economic Growth to International Trade, Analysis of Growth Parameters, Free Trade vs. Protection, Non-Tariff Trade Barriers - Quota System, Dumping and State Trading. The third part comprises - Balance of Payments, Foreign Trade Multiplier, Monetary Policy-Fiscal Policy Mix and Foreign Exchange Management. The Fourth part includes - Strategy Towards Globalization, Theory of Economic Integration; Customs Union, Theory of Economic Integration: Regional Blocs and Grouping, WTO Framework, International Financial Institutions, GATS and National Income Determination. The book has a special section on Case pertaining to International Economics and International Business. The book has been written in a clear, crisp and lucid style. Authentic (up-to-date) data and proper illustrations have been provided to facilitate proper understanding of the subject. This book has been designed keeping in view the standard requirements of the undergraduate and postgraduate students of various areas of Economics, International Business and Management.

Author: Robert E. Looney
Publisher: Routledge
ISBN: 1351046934
Category : Political Science
Languages : en
Pages : 462

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Book Description
International trade has, for decades, been central to economic growth and improved standards of living for nations and regions worldwide. For most of the advanced countries, trade has raised standards of living, while for most emerging economies, growth did not begin until their integration into the global economy. The economic explanation is simple: international trade facilitates specialization, increased efficiency and improved productivity to an extent impossible in closed economies. However, recent years have seen a significant slowdown in global trade, and the global system has increasingly come under attack from politicians on the right and on the left. The benefits of open markets, the continuation of international co-operation, and the usefulness of multilateral institutions such as the World Trade Organization (WTO), the International Monetary Fund and the World Bank have all been called into question. While globalization has had a broadly positive effect on overall global welfare, it has also been perceived by the public as damaging communities and social classes in the industrialized world, spawning, for example, Brexit and the US exit from the Trans-Pacific Partnership. The purpose of this volume is to examine international and regional preferential trade agreements (PTAs), which offer like-minded countries a possible means to continue receiving the benefits of economic liberalization and expanded trade. What are the strengths and weaknesses of such agreements, and how can they sustain growth and prosperity for their members in an ever-challenging global economic environment? The Handbook is divided into two parts. The first, Global Themes, offers analysis of issues including the WTO, trade agreements and economic development, intellectual property rights, security and environmental issues, and PTAs and developing countries. The second part examines regional and country-specific agreements and issues, including NAFTA, CARICOM, CETA, the Pacific Alliance, the European Union, EFTA, ECOWAS, SADC, TTIP, RCEP and the TPP (now the CPTPP), as well as the policies of countries such as Japan and Australia.

Author: M. Panic
Publisher: Springer
ISBN: 0230286593
Category : Business & Economics
Languages : en
Pages : 301

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Book Description
Globalization and National Economic Welfare makes an original, powerful and timely contribution to a highly topical issue that affects all countries by showing why globalization is unsustainable in the long term without fundamental changes in existing attitudes and institutions. The book analyzes one of the most important aspects of economic policy at the beginning of the twenty-first century: how to overcome the growing threat that inequalities created by globalization pose to economic progress and political stability both nationally and internationally. Economic problems, from corporate fraud and bankruptcies to the high social costs of the adjustments that globalization imposes on individual countries, are becoming increasingly international and, consequently, demand action at the supranational level. Yet the effective institutional framework for dealing with these problems remains national. In contrast to the neo-liberal approach, the author argues that the state, as the only form of organization that has the power to reconcile conflicts of interest nationally and internationally, has a critical role to play in ensuring that globalization does not end in failure and war.