The Collapse of Global Trade, Murky Protectionism, and the Crisis

The Collapse of Global Trade, Murky Protectionism, and the Crisis PDF Author: Richard E. Baldwin
Publisher:
ISBN: 9781907142239
Category : Business & Economics
Languages : en
Pages : 112

Book Description
The global financial crisis of 2008/9 is the Great Depression of the 21st century. For many though, the similarities stop at the Wall Street Crash as the current generation of policymakers have acted quickly to avoid the mistakes of the past. Yet the global crisis has made room for mistakes all of its own. While governments have apparently kept to their word on refraining from protectionist measures in the style of 1930s tariffs, there has been a disturbing rise in "murky protectionism." Seemingly benign, these crisis-linked policies are twisted to favour domestic firms, workers and investors. This book, first published as an eBook on VoxEU.org in March 2009, brings together leading trade policy practitioners and experts - including Australian Trade Minister Simon Crean and former Mexican President Ernesto Zedillo. Initially its aim was to advise policymakers heading in to the G20 meeting in London, but since the threat of murky protectionism persists, so too do their warnings.

A Geo-Economic Turn in Trade Policy?

A Geo-Economic Turn in Trade Policy? PDF Author: Johan Adriaensen
Publisher: Springer Nature
ISBN: 3030812812
Category : Political Science
Languages : en
Pages : 372

Book Description
Contemporary trade policy is increasingly framed in geo-strategic terms. But how much of that rhetoric is reflected in actual policy choices by the EU or its trading partners? This book provides a first systematic study of the broader international context in which EU trade agreements are conceived, negotiated, and designed. Building on a refined conceptualisation of geo-economics, the book develops a cogent framework that combines insights from scholarship on the design of free trade agreements with ideas from foreign policy analysis. Empirically, the analysis focuses on the relations between the EU and the Asia-Pacific. Following the United States’ pivot to Asia and the EU’s Global Europe strategy, China’s backyard has become the main arena in which global powers’ geo-economic strategies overlap. Building on a series of case-studies, combining the perspectives from the EU and its trading partners, the book shows that the rhetoric of geo-economic competition is yet to catch up with the actual negotiation and design of free trade agreements. This volume will be of great interest to scholars, students and practitioners who want to gain a holistic understanding of contemporary trade negotiations.

Economic Development and Multilateral Trade Cooperation

Economic Development and Multilateral Trade Cooperation PDF Author: Bernard M. Hoekman
Publisher: World Bank Publications
ISBN: 0821360647
Category : Business & Economics
Languages : en
Pages : 526

Book Description
How can international trade agreements promote development and how can rules be designed to benefit poor countries? Can multilateral trade cooperation in the World Trade Organization (WTO) help developing countries create and strengthen institutions and regulatory regimes that will enhance the gains from trade and integration into the global economy? And should this even be done? These are questions that confront policy makers and citizens in both rich and poor countries, and they are the subject of Economic Development and Multilateral Trade Cooperation. This book analyzes how the trading system could be made more supportive of economic development, without eroding the core WTO functions.

Australia, the European Union and the New Trade Agenda

Australia, the European Union and the New Trade Agenda PDF Author: Annmarie Elijah
Publisher: ANU Press
ISBN: 1760461148
Category : Political Science
Languages : en
Pages : 299

Book Description
Australia (together with New Zealand) is one of the few Organisation for Economic Co-operation and Development (OECD) countries with which the EU does not have a comprehensive trade agreement. Australia and the EU are entering a new phase in the bilateral relationship, and the push towards a potential trade agreement has been steadily gaining momentum. This collection brings together diverse and deeply practical contributions to the forthcoming policy debate on the Australia–EU Free Trade Agreement (FTA), highlighting potential points of difficulty and possible gains from the agreement. This book makes two further contributions: it adds to the body of work reappraising the contemporary Australia–EU relationship; and provides a snapshot of current issues in trade policy—the ‘new trade agenda’—which is more complex and politically visible than ever. The issues confronting Australia and the EU in forthcoming negotiations are those confronting policy makers around the globe. They are testing public tolerance of decisions once viewed as dull and technocratic, and are redefining the academic treatment of trade policy. ‘… this book is especially important because it is talking about a very different type of trade agreement than the ones Australia has concluded recently with our major trading partners in East Asia. An agreement with the EU inevitably will focus on issues like services, investment, government procurement, and competition policy. These are major issues in their own right, are key parts of the new trade agenda, and are critical to Australia’s successful transition to a prosperous post–mining boom economy. In the absence of generalisable unilateral economic reform in this country, trade policy hopefully will provide an external source of pressure for reform. If this book adds to that pressure while also suggesting some of the tools needed for reform, it will have made a major contribution.’ Dr Mike Adams, Partner, Trading Nation Consulting

International Trade and Foreign Direct Investment

International Trade and Foreign Direct Investment PDF Author: Union européenne. Commission européenne
Publisher:
ISBN: 9789279270079
Category : European Union countries
Languages : en
Pages : 102

Book Description
"In a world of increasing globalization, where political, economic and technological barriers are rapidly disappearing, the ability of the European Union and its Member States to participate in global activity is an important indicator of their performance and competitiveness. In order to remain competitive, modern day business relationships extend well beyond the traditional foreign exchange of goods and services. International trade may be complemented or substituted by producing (and often selling) goods and services in countries other than where an enterprise was first established: this approach is known as foreign direct investment (FDI). The aim of this pocketbook is to give an overview of the external dimension of the EU economy by presenting, in a compact way, the available data on trade in goods, trade in services, and foreign direct investments."--Editor.

The Trade Policy of the European Union

The Trade Policy of the European Union PDF Author: Sieglinde Gstöhl
Publisher: Bloomsbury Publishing
ISBN: 1349935832
Category : Political Science
Languages : en
Pages : 242

Book Description
This comprehensive and clearly written textbook offers a long-awaited introduction to the trade policy of the European Union, the world's largest trading entity. Gstöhl and De Bièvre provide a comprehensive assessment of the common commercial policy, its relationship with other policies, like development policy, and of the EU's multi-level policy-making and international bargaining in this area. As well as providing a broad overview of the nature and development of the EU's trade policy, the authors analyse how relevant institutions and decision-making processes are organized and how this set-up fosters particular policy outcomes. Gstöhl and De Bièvre show how the thorough and critical study of EU trade policy can be conducted from an interdisciplinary viewpoint, enabling the student to tackle the ever-evolving political, economic, and legal questions that arise. Given the accessible writing, this book is recommended for both undergraduate and Master's students studying the EU and Europe in their Politics, International Relations, Economics or Law degrees, as well as those focusing on international trade policy.

European Union Contested

European Union Contested PDF Author: Elisabeth Johansson-Nogués
Publisher: Springer Nature
ISBN: 3030332381
Category : Political Science
Languages : en
Pages : 219

Book Description
The European Union's foreign policy and its international role are increasingly being contested both globally and at home. At the global level, a growing number of states are now challenging the Western-led liberal order defended by the EU. Large as well as smaller states are vying for more leeway to act out their own communitarian principles on and approaches to sovereignty, security and economic development. At the European level, a similar battle has begun over principles, values and institutions. The most vocal critics have been anti-globalization movements, developmental NGOs, and populist political parties at both extremes of the left-right political spectrum. This book, based on ten case studies, explores some of the most important current challenges to EU foreign policy norms, whether at the global, glocal or intra-EU level. The case studies cover contestation of the EU's fundamental norms, organizing principles and standardized procedures in relation to the abolition of the death penalty, climate, Responsibility to Protect, peacebuilding, natural resource governance, the International Criminal Court, lethal autonomous weapons systems, trade, the security-development nexus and the use of consensus on foreign policy matters in the European Parliament. The book also theorizes the current norm contestation in terms of the extent to, and conditions under which, the EU foreign policy is being put to the test.

The European Union in a Changing World Order

The European Union in a Changing World Order PDF Author: Antonina Bakardjieva Engelbrekt
Publisher: Springer
ISBN: 3030180018
Category : Political Science
Languages : en
Pages : 286

Book Description
This book explores how the European Union responds to the ongoing challenges to the liberal international order. These challenges arise both within the EU itself and beyond its borders, and put into question the values of free trade and liberal democracy. The book’s interdisciplinary approach brings together scholars from economics, law, and political science to provide a comprehensive analysis of how shifts in the international order affect the global position of the EU in dimensions such as foreign and security policy, trade, migration, populism, rule of law, and climate change. All chapters include policy recommendations which make the book particularly useful for decision makers and policy advisors, besides researchers and students, as well as for anyone interested in the future of the EU.

Trading Voices

Trading Voices PDF Author: Sophie Meunier
Publisher: Princeton University Press
ISBN: 0691223696
Category : Political Science
Languages : en
Pages : 240

Book Description
The European Union, the world's foremost trader, is not an easy bargainer to deal with. Its twenty-five member states have relinquished most of their sovereignty in trade to the supranational level, and in international commercial negotiations, such as those conducted under the World Trade Organization, the EU speaks with a "single voice." This single voice has enabled the Brussels-based institution to impact the distributional outcomes of international trade negotiations and shape the global political economy. Trading Voices is the most comprehensive book about the politics of trade policy in the EU and the role of the EU as a central actor in international commercial negotiations. Sophie Meunier explores how this pooling of trade policy-making and external representation affects the EU's bargaining power in international trade talks. Using institutionalist analysis, she argues that its complex institutional procedures and multiple masters have, more than once, forced its trade partners to give in to an EU speaking with a single voice. Through analysis of four transatlantic commercial negotiations over agriculture, public procurement, and civil aviation, Trading Voices explores the politics of international trade bargaining. It also addresses the salient political question of whether efficiency at negotiating comes at the expense of democratic legitimacy. Finally, this book looks at how the EU, with its recent enlargement and proposed constitution, might become an even more formidable rival to the United States in shaping globalization.

A Practical Guide to Trade Policy Analysis

A Practical Guide to Trade Policy Analysis PDF Author: Marc Bacchetta
Publisher:
ISBN: 9789287038128
Category : Political Science
Languages : en
Pages : 0

Book Description
Trade flows and trade policies need to be properly quantified to describe, compare, or follow the evolution of policies between sectors or countries or over time. This is essential to ensure that policy choices are made with an appropriate knowledge of the real conditions. This practical guide introduces the main techniques of trade and trade policy data analysis. It shows how to develop the main indexes used to analyze trade flows, tariff structures, and non-tariff measures. It presents the databases needed to construct these indexes as well as the challenges faced in collecting and processing these data, such as measurement errors or aggregation bias. Written by experts with practical experience in the field, A Practical Guide to Trade Policy Analysis has been developed to contribute to enhance developing countries' capacity to analyze and implement trade policy. It offers a hands-on introduction on how to estimate the distributional effects of trade policies on welfare, in particular on inequality and poverty. The guide is aimed at government experts engaged in trade negotiations, as well as students and researchers involved in trade-related study or research. An accompanying DVD contains data sets and program command files required for the exercises. Copublished by the WTO and the United Nations Conference on Trade and Development