Donald Markwell
- Published in print:
- 2006
- Published Online:
- January 2007
- ISBN:
- 9780198292364
- eISBN:
- 9780191715525
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198292364.003.0005
- Subject:
- Political Science, International Relations and Politics
Keynes’s approach to inter-war economic and political problems was as a liberal thinker seeking a middle way between laissez-faire and Marxian socialism, as an economist increasingly dissatisfied ...
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Keynes’s approach to inter-war economic and political problems was as a liberal thinker seeking a middle way between laissez-faire and Marxian socialism, as an economist increasingly dissatisfied with existing theory in the face of massive and enduring unemployment, and as an idealist exponent of a rule of law in international politics. This chapter surveys Keynes’s inter-war writings, especially from 1922, on international monetary issues and investment abroad; international trade; population pressure; economic threats to domestic order; ‘the middle way’; the mature liberal institutionalism of The General Theory; and international political issues, reflecting his idealism. It traces Keynes’s thinking especially through such works asA Tract on Monetary Reform(1923), his 1920s pamphlets on liberalism and other issues,A Treatise on Money(1930), early 1930s writings on the Depression and protection including his 1933 article on national self-sufficiency, andThe General Theory(1936).Less
Keynes’s approach to inter-war economic and political problems was as a liberal thinker seeking a middle way between laissez-faire and Marxian socialism, as an economist increasingly dissatisfied with existing theory in the face of massive and enduring unemployment, and as an idealist exponent of a rule of law in international politics. This chapter surveys Keynes’s inter-war writings, especially from 1922, on international monetary issues and investment abroad; international trade; population pressure; economic threats to domestic order; ‘the middle way’; the mature liberal institutionalism of The General Theory; and international political issues, reflecting his idealism. It traces Keynes’s thinking especially through such works asA Tract on Monetary Reform(1923), his 1920s pamphlets on liberalism and other issues,A Treatise on Money(1930), early 1930s writings on the Depression and protection including his 1933 article on national self-sufficiency, andThe General Theory(1936).
Robert J. Flanagan
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780195306002
- eISBN:
- 9780199783564
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195306007.003.0004
- Subject:
- Economics and Finance, International
This chapter examines the effect of international trade on labor conditions around the world. Evidence developed in the chapter shows that open trade policies improve working conditions by raising ...
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This chapter examines the effect of international trade on labor conditions around the world. Evidence developed in the chapter shows that open trade policies improve working conditions by raising per capita income, as international trade theory predicts. Countries with open trade policies also have superior labor rights, and labor rights improve over time in countries that adopt open trade policies. In the short run, trade clearly enhances the working conditions of workers in export industries (including those working in export processing zones) but threatens the conditions of workers whose companies compete with imports. The evidence shows that with the passage of time, all workers benefit by moving into more productive employment settings. The evidence in this chapter implies that trade sanctions are likely to worsen labor conditions in target countries.Less
This chapter examines the effect of international trade on labor conditions around the world. Evidence developed in the chapter shows that open trade policies improve working conditions by raising per capita income, as international trade theory predicts. Countries with open trade policies also have superior labor rights, and labor rights improve over time in countries that adopt open trade policies. In the short run, trade clearly enhances the working conditions of workers in export industries (including those working in export processing zones) but threatens the conditions of workers whose companies compete with imports. The evidence shows that with the passage of time, all workers benefit by moving into more productive employment settings. The evidence in this chapter implies that trade sanctions are likely to worsen labor conditions in target countries.
López Ramón and Michael A. Toman
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780199298006
- eISBN:
- 9780191603877
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199298009.003.0007
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This chapter studies the relationship between international trade, capital mobility, and environmental quality in developing countries. Although the ‘pollution haven hypothesis’ has dominated much of ...
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This chapter studies the relationship between international trade, capital mobility, and environmental quality in developing countries. Although the ‘pollution haven hypothesis’ has dominated much of the discussion of the composition effects of trade between rich and poor countries, this paper argues that it is not supported by empirical evidence. Regardless of environmental policy, trade liberalization may still shift the development path towards environmentally-intensive activity in countries with a comparative advantage in this area. This paper also considers the fundamental differences between environmental problems associated industrial pollution emissions, and those that affect stocks of natural capital, such as fisheries and forests. In addition, it examines the effects of linkage between trade policies and environmental concerns in developing countries. Section 1 discusses the role of the environmental policy process and institutions, and how they interact with the trade regime. Section 2 reviews the empirical evidence on the effects of environmental policy on trade patterns, and the evidence on the effect of trade on environmental quality. Section 3 considers policy issues.Less
This chapter studies the relationship between international trade, capital mobility, and environmental quality in developing countries. Although the ‘pollution haven hypothesis’ has dominated much of the discussion of the composition effects of trade between rich and poor countries, this paper argues that it is not supported by empirical evidence. Regardless of environmental policy, trade liberalization may still shift the development path towards environmentally-intensive activity in countries with a comparative advantage in this area. This paper also considers the fundamental differences between environmental problems associated industrial pollution emissions, and those that affect stocks of natural capital, such as fisheries and forests. In addition, it examines the effects of linkage between trade policies and environmental concerns in developing countries. Section 1 discusses the role of the environmental policy process and institutions, and how they interact with the trade regime. Section 2 reviews the empirical evidence on the effects of environmental policy on trade patterns, and the evidence on the effect of trade on environmental quality. Section 3 considers policy issues.
Mathias Dewatripont, André Sapir, and Khalid Sekkat (eds)
- Published in print:
- 1999
- Published Online:
- August 2004
- ISBN:
- 9780198293606
- eISBN:
- 9780191601262
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198293607.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This book explores the impact of trade with less developed countries (LDCs) on employment in Europe. It supports the view that trade with LDCs has had limited impact on the labour market. Among its ...
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This book explores the impact of trade with less developed countries (LDCs) on employment in Europe. It supports the view that trade with LDCs has had limited impact on the labour market. Among its main findings are that trade with LDCs would be less harmful for Europe than for the USA, that the inequality problem in Europe is not wage inequality but the widespread unemployment of unskilled workers, and that technology has contributed to unemployment. The book has nine chapters. The first seven examine the impact of LDC trade on the European labour market; the final two address the social clause problem.Less
This book explores the impact of trade with less developed countries (LDCs) on employment in Europe. It supports the view that trade with LDCs has had limited impact on the labour market. Among its main findings are that trade with LDCs would be less harmful for Europe than for the USA, that the inequality problem in Europe is not wage inequality but the widespread unemployment of unskilled workers, and that technology has contributed to unemployment. The book has nine chapters. The first seven examine the impact of LDC trade on the European labour market; the final two address the social clause problem.
Gautam Sen
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199261437
- eISBN:
- 9780191599309
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199261431.003.0006
- Subject:
- Political Science, International Relations and Politics
An examination is made of the relationship between the US and the General Agreement on Tariffs and Trade (GATT), and its successor, the World Trade Organization, addressing the crucial question of ...
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An examination is made of the relationship between the US and the General Agreement on Tariffs and Trade (GATT), and its successor, the World Trade Organization, addressing the crucial question of the likelihood that the US will exit, or through its behaviour undermine, the multilateral trade organization in favour of regional or bilateral alternatives. It is concluded that the probability of a US‐inspired weakening of the WTO is low, although the incentives for protectionism in the US are strong and growing as a result of globalization and the changing international division of labour. The US domestic political system gives voice to such protectionist interests in international trade policy through a set of administrative and legal remedies that are reinforced by principles such as reciprocity and ‘fair trade’. Countervailing factors to this situation include the growing power of US export interests, the effectiveness of the Executive in deflecting the protectionist tendencies in the US Congress, and the exceptional power and influence of the US over the multilateral regime, in which it is a rule maker rather than a rule taker, enjoying the power to bend the rules selectively to serve its interests. As such, the WTO tends to reflect and reinforce US economic interests, and the US is, therefore, likely to continue in overall terms its efforts to comply with and generally strengthen the multilateral organization, rather than to break away from it.Less
An examination is made of the relationship between the US and the General Agreement on Tariffs and Trade (GATT), and its successor, the World Trade Organization, addressing the crucial question of the likelihood that the US will exit, or through its behaviour undermine, the multilateral trade organization in favour of regional or bilateral alternatives. It is concluded that the probability of a US‐inspired weakening of the WTO is low, although the incentives for protectionism in the US are strong and growing as a result of globalization and the changing international division of labour. The US domestic political system gives voice to such protectionist interests in international trade policy through a set of administrative and legal remedies that are reinforced by principles such as reciprocity and ‘fair trade’. Countervailing factors to this situation include the growing power of US export interests, the effectiveness of the Executive in deflecting the protectionist tendencies in the US Congress, and the exceptional power and influence of the US over the multilateral regime, in which it is a rule maker rather than a rule taker, enjoying the power to bend the rules selectively to serve its interests. As such, the WTO tends to reflect and reinforce US economic interests, and the US is, therefore, likely to continue in overall terms its efforts to comply with and generally strengthen the multilateral organization, rather than to break away from it.
John Toye
- Published in print:
- 2003
- Published Online:
- November 2003
- ISBN:
- 9780199251209
- eISBN:
- 9780191599293
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199251207.003.0005
- Subject:
- Political Science, International Relations and Politics
Toye focuses on issues relating to substantive justice as mediated through the international trade regime. He argues that the transition from the GATT to the WTO is leading to the continuation, ...
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Toye focuses on issues relating to substantive justice as mediated through the international trade regime. He argues that the transition from the GATT to the WTO is leading to the continuation, possibly even the worsening, of inequality amongst countries. Toye concludes that formal justice is at odds with substantive justice since the inequalities of political and economic power between developed and developing countries have not been compensated for in the enactment of supposedly improved trade procedural rules.Less
Toye focuses on issues relating to substantive justice as mediated through the international trade regime. He argues that the transition from the GATT to the WTO is leading to the continuation, possibly even the worsening, of inequality amongst countries. Toye concludes that formal justice is at odds with substantive justice since the inequalities of political and economic power between developed and developing countries have not been compensated for in the enactment of supposedly improved trade procedural rules.
Olivier Cadot, Antoni Estevadeordal, Akiko Suwa-Eisenmann, and Thierry Verdier
- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199290482
- eISBN:
- 9780191603471
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199290482.003.0011
- Subject:
- Economics and Finance, International
Firm level interviews are used to assess the economic implications of the rules of origin (ROO) applied for trade to qualify under the Southern African Development Community (SADC) Trade Protocol. ...
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Firm level interviews are used to assess the economic implications of the rules of origin (ROO) applied for trade to qualify under the Southern African Development Community (SADC) Trade Protocol. Approaches to ROO reflect the tension between regional integration as a platform for improving competitiveness in international markets, and using it as a ‘policy tool for development’ to obtain privileged access to a larger protected market. The analysis of selected SADC ROO in agriculture and manufacturing shows that these will prevent efficiency gains from being realized by the Free Trade Area by maintaining the pre-Trade Protocol protection and trade patterns. ROO that seek to influence the sourcing of inputs through fiat will encourage trade diversion and reduce international competitiveness.Less
Firm level interviews are used to assess the economic implications of the rules of origin (ROO) applied for trade to qualify under the Southern African Development Community (SADC) Trade Protocol. Approaches to ROO reflect the tension between regional integration as a platform for improving competitiveness in international markets, and using it as a ‘policy tool for development’ to obtain privileged access to a larger protected market. The analysis of selected SADC ROO in agriculture and manufacturing shows that these will prevent efficiency gains from being realized by the Free Trade Area by maintaining the pre-Trade Protocol protection and trade patterns. ROO that seek to influence the sourcing of inputs through fiat will encourage trade diversion and reduce international competitiveness.
Lukasz Gruszczynski
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199578924
- eISBN:
- 9780191722646
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199578924.001.0001
- Subject:
- Law, Public International Law, Environmental and Energy Law
The last sixty years witnessed an unprecedented expansion of international trade. The system created by the General Agreement on Tariffs and Trade and later by the World Trade Organization (WTO) has ...
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The last sixty years witnessed an unprecedented expansion of international trade. The system created by the General Agreement on Tariffs and Trade and later by the World Trade Organization (WTO) has proved to be an efficient tool for the elimination of trade tariff barriers. This process also coincided with the increased national risk regulatory controls. Governments, responding to the demands of their domestic constituencies, have adopted a wide range of regulatory measures aimed at protecting the environment and human health. Although for the most part, these new regulatory initiatives served legitimate objectives, it has also turned out that internal measures might become an attractive vehicle for protectionism, taking the place that was traditionally occupied by tariff barriers. The WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) is an attempt by the international community to limit possible abuses while accepting a considerable margin of regulatory discretion of WTO Members. Does it optimally strike a balance between competing objectives of international free trade and regulatory freedom in the field of risk regulation? In answering this question, the book engages in a comprehensive and critical examination of the substantive provisions of the SPS Agreement and the corresponding case law. Special attention is paid to three specific issues: the appropriateness of the disciplines established by the SPS Agreement, the consistency of their interpretation by the WTO case law, and the normative content of those requirements that have not yet been addressed by SPS jurisprudence. The book concludes that despite some failures of the SPS system, the Agreement provides an operable and efficient mechanism for the supervision of domestic SPS measures.Less
The last sixty years witnessed an unprecedented expansion of international trade. The system created by the General Agreement on Tariffs and Trade and later by the World Trade Organization (WTO) has proved to be an efficient tool for the elimination of trade tariff barriers. This process also coincided with the increased national risk regulatory controls. Governments, responding to the demands of their domestic constituencies, have adopted a wide range of regulatory measures aimed at protecting the environment and human health. Although for the most part, these new regulatory initiatives served legitimate objectives, it has also turned out that internal measures might become an attractive vehicle for protectionism, taking the place that was traditionally occupied by tariff barriers. The WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) is an attempt by the international community to limit possible abuses while accepting a considerable margin of regulatory discretion of WTO Members. Does it optimally strike a balance between competing objectives of international free trade and regulatory freedom in the field of risk regulation? In answering this question, the book engages in a comprehensive and critical examination of the substantive provisions of the SPS Agreement and the corresponding case law. Special attention is paid to three specific issues: the appropriateness of the disciplines established by the SPS Agreement, the consistency of their interpretation by the WTO case law, and the normative content of those requirements that have not yet been addressed by SPS jurisprudence. The book concludes that despite some failures of the SPS system, the Agreement provides an operable and efficient mechanism for the supervision of domestic SPS measures.
W. Max. Corden
- Published in print:
- 1997
- Published Online:
- November 2003
- ISBN:
- 9780198775348
- eISBN:
- 9780191715471
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198775342.001.0001
- Subject:
- Economics and Finance, International
Expounds the normative theory of trade policy and sets out a framework for analysing trade and other intervention policies in the presence of domestic distortions. It includes discussion of static ...
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Expounds the normative theory of trade policy and sets out a framework for analysing trade and other intervention policies in the presence of domestic distortions. It includes discussion of static and dynamic arguments for protection, especially the infant industry argument, effects of trade policy on income distribution, monopoly, X‐efficiency, foreign investment, and capital accumulation, and the choice between tariffs and subsidies as methods of protection. Chapters especially written for the second edition cover the environment and trade policy, strategic trade policy, and the relationship between trade policy and the exchange rate. The book contains many diagrams and very little mathematics.Less
Expounds the normative theory of trade policy and sets out a framework for analysing trade and other intervention policies in the presence of domestic distortions. It includes discussion of static and dynamic arguments for protection, especially the infant industry argument, effects of trade policy on income distribution, monopoly, X‐efficiency, foreign investment, and capital accumulation, and the choice between tariffs and subsidies as methods of protection. Chapters especially written for the second edition cover the environment and trade policy, strategic trade policy, and the relationship between trade policy and the exchange rate. The book contains many diagrams and very little mathematics.
Lance Taylor (ed.)
- Published in print:
- 2001
- Published Online:
- September 2007
- ISBN:
- 9780195145465
- eISBN:
- 9780199783960
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195145465.001.0001
- Subject:
- Economics and Finance, International
Reports on the effects of the fundamental economic policy shift in transition and developing countries after the mid‐1980s. Since that time, the “external liberalization” of international trade and ...
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Reports on the effects of the fundamental economic policy shift in transition and developing countries after the mid‐1980s. Since that time, the “external liberalization” of international trade and finance has been among the principal forces for increasing global integration. This wave of deregulation was the central feature of globalization for the non‐industrialized world. The chapters in this book look at the experiences of nine countries – Argentina, Columbia, Cuba, India, Mexico, Russia, South Korea, Turkey, and Zimbabwe – and the often‐negative effects that liberalization has had on them. At best, the liberalization packages generated modest improvements in economic growth and distributional equity; at worst, they have been associated with increasing income inequality and slower growth, even in the presence of rising capital inflows. The country studies suggest that the effects of liberalization on growth, employment, and income distribution emerge from a complex set of forces on both the supply and demand sides of the economy. Redistribution of income and production across industries (typically from those producing traded goods to those producing nontraded goods) and groups within the labor force (typically from unskilled to skilled), as well as adverse shifts in “macro” prices such as real wage, interest, and exchange rates are part of the process. This degree of complexity and most of the unfavorable effects of deregulation were not anticipated, and are only now being widely recognized. The implication is that the liberalization strategy needs to be rethought. The contributors include policy recommendations for often‐overlooked problems and challenges posed by globalization.Less
Reports on the effects of the fundamental economic policy shift in transition and developing countries after the mid‐1980s. Since that time, the “external liberalization” of international trade and finance has been among the principal forces for increasing global integration. This wave of deregulation was the central feature of globalization for the non‐industrialized world. The chapters in this book look at the experiences of nine countries – Argentina, Columbia, Cuba, India, Mexico, Russia, South Korea, Turkey, and Zimbabwe – and the often‐negative effects that liberalization has had on them. At best, the liberalization packages generated modest improvements in economic growth and distributional equity; at worst, they have been associated with increasing income inequality and slower growth, even in the presence of rising capital inflows. The country studies suggest that the effects of liberalization on growth, employment, and income distribution emerge from a complex set of forces on both the supply and demand sides of the economy. Redistribution of income and production across industries (typically from those producing traded goods to those producing nontraded goods) and groups within the labor force (typically from unskilled to skilled), as well as adverse shifts in “macro” prices such as real wage, interest, and exchange rates are part of the process. This degree of complexity and most of the unfavorable effects of deregulation were not anticipated, and are only now being widely recognized. The implication is that the liberalization strategy needs to be rethought. The contributors include policy recommendations for often‐overlooked problems and challenges posed by globalization.
Gary Alan Fine and Bill Ellis
- Published in print:
- 2010
- Published Online:
- September 2010
- ISBN:
- 9780199736317
- eISBN:
- 9780199866458
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199736317.001.0001
- Subject:
- Political Science, International Relations and Politics
Now that increased internationalism has challenged the traditional worldviews of many Americans, concerns and fears abound concerning the potential danger posed by contact with foreigners. During the ...
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Now that increased internationalism has challenged the traditional worldviews of many Americans, concerns and fears abound concerning the potential danger posed by contact with foreigners. During the period when rapid change occurs, this new relationship with the rest of the world is initially explored through rumors and legends. Some of these stories are fantastic; many of them are inaccurate; but all of them reflect Americans' first hesitant steps to understand their new place on the globe. This book calls for a close and fair reading of several cycles of rumors on their own terms: as a culture's first efforts to express difficult and painful opinions about the transformation it feels itself undergoing. This book surveys the ways in which the impact of Islamist terrorism and increased Latino immigration have been seen through a filter of stereotype and conspiracy theory. It also presents ways in which tourism and the dangers of international trade also expose Americans' attitudes toward foreigners. Finally, it shows how Americans, in turn, are the targets of similar rumors abroad, as illustrated by widespread claims of organ trafficking. Rumors can't simply be dismissed as trivial or ignorant, the book concludes, but as our best source of what Americans define as the real practical issues facing the nation as it enters a world increasingly made smaller by trade and communication.Less
Now that increased internationalism has challenged the traditional worldviews of many Americans, concerns and fears abound concerning the potential danger posed by contact with foreigners. During the period when rapid change occurs, this new relationship with the rest of the world is initially explored through rumors and legends. Some of these stories are fantastic; many of them are inaccurate; but all of them reflect Americans' first hesitant steps to understand their new place on the globe. This book calls for a close and fair reading of several cycles of rumors on their own terms: as a culture's first efforts to express difficult and painful opinions about the transformation it feels itself undergoing. This book surveys the ways in which the impact of Islamist terrorism and increased Latino immigration have been seen through a filter of stereotype and conspiracy theory. It also presents ways in which tourism and the dangers of international trade also expose Americans' attitudes toward foreigners. Finally, it shows how Americans, in turn, are the targets of similar rumors abroad, as illustrated by widespread claims of organ trafficking. Rumors can't simply be dismissed as trivial or ignorant, the book concludes, but as our best source of what Americans define as the real practical issues facing the nation as it enters a world increasingly made smaller by trade and communication.
Richard Pomfret
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780199248872
- eISBN:
- 9780191596797
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199248877.003.0019
- Subject:
- Economics and Finance, International
Summarizes the book's contents and discusses prospects for the principle of non‐discrimination in the international trading system.
Summarizes the book's contents and discusses prospects for the principle of non‐discrimination in the international trading system.
María Lorena Cook
- Published in print:
- 1997
- Published Online:
- November 2003
- ISBN:
- 9780198781837
- eISBN:
- 9780191598968
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198781830.003.0021
- Subject:
- Political Science, Democratization
Explores a novel and unexpected by‐product of the process of negotiating the North American Free Trade Agreement—a network of North American labour, environmental, human rights, and other citizens’ ...
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Explores a novel and unexpected by‐product of the process of negotiating the North American Free Trade Agreement—a network of North American labour, environmental, human rights, and other citizens’ organizations using international alliances to modify the agreement and to contest what was widely viewed as an anti‐popular and exclusionary process. While economic integration between the US and Mexico had been taking place for some time, the author argues that it was the formal recognition of this process through the NAFTA agreement that facilitated transnational political action by non‐state actors. Even though economic globalization and neo‐liberalism may be considered by some to undermine popular organizations, formal recognition of North American economic integration paradoxically produced a ‘transnational political arena’ linking the US, Mexico, and Canada. Well beyond the period and issues of the formal debate about the treaty itself, this transnational arena has expanded the resources available to non‐governmental groups, increased their leverage in domestic political arena, and broadened their strategic options.Less
Explores a novel and unexpected by‐product of the process of negotiating the North American Free Trade Agreement—a network of North American labour, environmental, human rights, and other citizens’ organizations using international alliances to modify the agreement and to contest what was widely viewed as an anti‐popular and exclusionary process. While economic integration between the US and Mexico had been taking place for some time, the author argues that it was the formal recognition of this process through the NAFTA agreement that facilitated transnational political action by non‐state actors. Even though economic globalization and neo‐liberalism may be considered by some to undermine popular organizations, formal recognition of North American economic integration paradoxically produced a ‘transnational political arena’ linking the US, Mexico, and Canada. Well beyond the period and issues of the formal debate about the treaty itself, this transnational arena has expanded the resources available to non‐governmental groups, increased their leverage in domestic political arena, and broadened their strategic options.
Marcela Miozzo and Vivien Walsh
- Published in print:
- 2006
- Published Online:
- May 2007
- ISBN:
- 9780199259236
- eISBN:
- 9780191717901
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199259236.003.0008
- Subject:
- Economics and Finance, Economic Systems
This chapter examines the ways in which trade and the operation of multinationals have influenced the operation of national production systems, and how this has changed between the period of ‘classic ...
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This chapter examines the ways in which trade and the operation of multinationals have influenced the operation of national production systems, and how this has changed between the period of ‘classic multinationalization’ and the period called ‘globalization’. It discusses the relevance of different theories of international business and trade (product cycle, new trade theory, eclectic theory, global commodity chains, geography and knowledge creation, and globalization of innovation) for understanding the relation between technology and changing international division of labour. A background of the changes in international trade negotiations (World Trade Organization) is discussed and a framework for policy is provided, which has important implications for innovation.Less
This chapter examines the ways in which trade and the operation of multinationals have influenced the operation of national production systems, and how this has changed between the period of ‘classic multinationalization’ and the period called ‘globalization’. It discusses the relevance of different theories of international business and trade (product cycle, new trade theory, eclectic theory, global commodity chains, geography and knowledge creation, and globalization of innovation) for understanding the relation between technology and changing international division of labour. A background of the changes in international trade negotiations (World Trade Organization) is discussed and a framework for policy is provided, which has important implications for innovation.
Alec Stone Sweet
- Published in print:
- 2002
- Published Online:
- November 2003
- ISBN:
- 9780199256488
- eISBN:
- 9780191600234
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199256489.003.0010
- Subject:
- Political Science, Comparative Politics
The two papers in Ch. 5 examine how lawyers and law professors, operating in private arenas, successfully revived a pre-modern legal system, the Lex Mercatoria – the international body of trade law ...
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The two papers in Ch. 5 examine how lawyers and law professors, operating in private arenas, successfully revived a pre-modern legal system, the Lex Mercatoria – the international body of trade law derived from merchant practice. Stone Sweet’s paper traces the development of a transnational legal system, comprised of a national contract law and a network of arbitration houses that compete to supply third-party dispute resolution to the international commercial world. The paper is divided into two parts. The first discusses, in a theoretical manner, obstacles to the emergence of a stable network of traders engaged in relatively long-range, impersonal exchange, focusing on three generic problems of human community: cooperation and commitment, transaction costs, and institutional choice and governance. The second part examines three quite different regimes that have governed transnational commercial activity: from the mediaeval law merchant, to the Westphalian state system and its institutional failings (including discussion of conflict of laws practices), and – the principal focus of the chapter – the new Lex Mercatoria and its institutionalization.Less
The two papers in Ch. 5 examine how lawyers and law professors, operating in private arenas, successfully revived a pre-modern legal system, the Lex Mercatoria – the international body of trade law derived from merchant practice. Stone Sweet’s paper traces the development of a transnational legal system, comprised of a national contract law and a network of arbitration houses that compete to supply third-party dispute resolution to the international commercial world. The paper is divided into two parts. The first discusses, in a theoretical manner, obstacles to the emergence of a stable network of traders engaged in relatively long-range, impersonal exchange, focusing on three generic problems of human community: cooperation and commitment, transaction costs, and institutional choice and governance. The second part examines three quite different regimes that have governed transnational commercial activity: from the mediaeval law merchant, to the Westphalian state system and its institutional failings (including discussion of conflict of laws practices), and – the principal focus of the chapter – the new Lex Mercatoria and its institutionalization.
Abhijit Vinayak Banerjee
- Published in print:
- 2006
- Published Online:
- September 2006
- ISBN:
- 9780195305197
- eISBN:
- 9780199783519
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195305191.003.0006
- Subject:
- Economics and Finance, Development, Growth, and Environmental
This essay begins with a discussion of the Samuelson-Stolper Theorem, which states that if a labor-abundant country is opened to trade with a labor-scarce country, laborers in the first country and ...
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This essay begins with a discussion of the Samuelson-Stolper Theorem, which states that if a labor-abundant country is opened to trade with a labor-scarce country, laborers in the first country and the employers in the second will profit at the expense of the workers in the second country and the employers in the first. It then looks at the trade following World War II under the supervision of the newly created guardians of the world trading system: the World Bank, the IMF, and the GATT, as well as trade liberalization in Mexico, Latin America, and Asia. It discusses the issue of reputation: what it means to countries and how it determines what a country ends up exporting to the world.Less
This essay begins with a discussion of the Samuelson-Stolper Theorem, which states that if a labor-abundant country is opened to trade with a labor-scarce country, laborers in the first country and the employers in the second will profit at the expense of the workers in the second country and the employers in the first. It then looks at the trade following World War II under the supervision of the newly created guardians of the world trading system: the World Bank, the IMF, and the GATT, as well as trade liberalization in Mexico, Latin America, and Asia. It discusses the issue of reputation: what it means to countries and how it determines what a country ends up exporting to the world.
Peter C. Y. Chow and Mitchell H. Kellman
- Published in print:
- 1993
- Published Online:
- October 2011
- ISBN:
- 9780195078954
- eISBN:
- 9780199855001
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195078954.001.0001
- Subject:
- Economics and Finance, International
The four Pacific Basin countries of Taiwan, South Korea, Hong Kong, and Singapore, have each defied the vicious circle of poverty in the post-war years, emerging as dynamic and rapidly growing ...
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The four Pacific Basin countries of Taiwan, South Korea, Hong Kong, and Singapore, have each defied the vicious circle of poverty in the post-war years, emerging as dynamic and rapidly growing economies. This book provides a comprehensive analysis of the economic factors that led to the “miracle”. It aims to reveal the sources of economic growth by analyzing the underlying mechanisms and interrelationships of this export success. The authors combine a wide-ranging empirical body of data spanning a full twenty-five years, from the early “take-off” period of the mid-1960s, to the early 1990s with a broad theoretical approach to its analysis. The concept of revealed comparative advantage is utilized. Using Japan's trade performance as a benchmark, this book examines whether the four NICs have gained on or fallen further behind Japan. Not only are detailed product groups examined but such economic factors as specific product characteristics and embodied factor contents are explored. The important issues of intra-industry trade and NIC import-export relationships are also examined, and imports and exports of specific products are forecast. The conclusions reached in this chapter can serve as a guide to likely future developments. The book makes an original contribution by describing international trade data that relates to the evaluation of the extraordinary success of these four countries.Less
The four Pacific Basin countries of Taiwan, South Korea, Hong Kong, and Singapore, have each defied the vicious circle of poverty in the post-war years, emerging as dynamic and rapidly growing economies. This book provides a comprehensive analysis of the economic factors that led to the “miracle”. It aims to reveal the sources of economic growth by analyzing the underlying mechanisms and interrelationships of this export success. The authors combine a wide-ranging empirical body of data spanning a full twenty-five years, from the early “take-off” period of the mid-1960s, to the early 1990s with a broad theoretical approach to its analysis. The concept of revealed comparative advantage is utilized. Using Japan's trade performance as a benchmark, this book examines whether the four NICs have gained on or fallen further behind Japan. Not only are detailed product groups examined but such economic factors as specific product characteristics and embodied factor contents are explored. The important issues of intra-industry trade and NIC import-export relationships are also examined, and imports and exports of specific products are forecast. The conclusions reached in this chapter can serve as a guide to likely future developments. The book makes an original contribution by describing international trade data that relates to the evaluation of the extraordinary success of these four countries.
David J. Gerber
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199228225
- eISBN:
- 9780191711350
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199228225.003.0002
- Subject:
- Law, Competition Law
This chapter analyzes transnational efforts to develop a global competition regime during the first half of the 20th century. It reveals that these early experiences were far richer and had far more ...
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This chapter analyzes transnational efforts to develop a global competition regime during the first half of the 20th century. It reveals that these early experiences were far richer and had far more influence on subsequent developments than is typically assumed. At the International Economic Conference in 1926 there was widespread international concern about the effects of private restraints on global competition, and there was broad support for multilateral agreement to combat these harms. Depression and war submerged the idea, but it acquired even more support after the Second World War, when it was included in the proposals for an International Trade Organization that was part of the post-war plans to create international economic organizations that could foster economic development and deter economic disruptions. The Cold War forced the US to abandon plans for the ITO, but competition law had now become well-known in many countries, and these early experiences would influence not only many national developments, but also European integration.Less
This chapter analyzes transnational efforts to develop a global competition regime during the first half of the 20th century. It reveals that these early experiences were far richer and had far more influence on subsequent developments than is typically assumed. At the International Economic Conference in 1926 there was widespread international concern about the effects of private restraints on global competition, and there was broad support for multilateral agreement to combat these harms. Depression and war submerged the idea, but it acquired even more support after the Second World War, when it was included in the proposals for an International Trade Organization that was part of the post-war plans to create international economic organizations that could foster economic development and deter economic disruptions. The Cold War forced the US to abandon plans for the ITO, but competition law had now become well-known in many countries, and these early experiences would influence not only many national developments, but also European integration.
Edward D. Mansfield and Helen V. Milner
- Published in print:
- 2012
- Published Online:
- October 2017
- ISBN:
- 9780691135298
- eISBN:
- 9781400842537
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691135298.003.0002
- Subject:
- Political Science, International Relations and Politics
This chapter presents a theory of the domestic political conditions that lead countries to enter into formal trade agreements. More specifically, it attempts to explain the establishment of ...
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This chapter presents a theory of the domestic political conditions that lead countries to enter into formal trade agreements. More specifically, it attempts to explain the establishment of preferential trading arrangements (PTAs), institutions in which member-states reciprocally lower their trade barriers on each other's products and thereby grant each member preferential market access. The focus is on why and when countries have chosen to enter such agreements, understanding that there is substantial variability in the spread of PTAs over time and the countries that join them. Why have some countries joined many PTAs, while others have joined very few, and what explains the timing of PTA formation? The chapter first presents a rationalist theory of domestic politics to explain the pattern of PTAs. It then develops seven auxiliary hypotheses that follow from the logic of the present model to further explore the model's implications.Less
This chapter presents a theory of the domestic political conditions that lead countries to enter into formal trade agreements. More specifically, it attempts to explain the establishment of preferential trading arrangements (PTAs), institutions in which member-states reciprocally lower their trade barriers on each other's products and thereby grant each member preferential market access. The focus is on why and when countries have chosen to enter such agreements, understanding that there is substantial variability in the spread of PTAs over time and the countries that join them. Why have some countries joined many PTAs, while others have joined very few, and what explains the timing of PTA formation? The chapter first presents a rationalist theory of domestic politics to explain the pattern of PTAs. It then develops seven auxiliary hypotheses that follow from the logic of the present model to further explore the model's implications.
Edward D. Mansfield and Helen V. Milner
- Published in print:
- 2012
- Published Online:
- October 2017
- ISBN:
- 9780691135298
- eISBN:
- 9781400842537
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691135298.003.0006
- Subject:
- Political Science, International Relations and Politics
This chapter summarizes the key findings and discusses the implications of the results for the study of international relations and international trade. It argues that that the decision to enter a ...
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This chapter summarizes the key findings and discusses the implications of the results for the study of international relations and international trade. It argues that that the decision to enter a preferential trading arrangement (PTA) owes much to domestic politics. Although there are other sources of trade agreements, the domestic political factors uncovered in this study have been vastly neglected. Moreover, the linkages between domestic politics and international institutions, like PTAs, have been underappreciated. Political leaders are highly attuned to their domestic political situation; they take few actions without considering the consequences for domestic politics and their longevity in office. Combining an understanding of their domestic political calculations and their foreign policy behavior may better illuminate the sources of their actions.Less
This chapter summarizes the key findings and discusses the implications of the results for the study of international relations and international trade. It argues that that the decision to enter a preferential trading arrangement (PTA) owes much to domestic politics. Although there are other sources of trade agreements, the domestic political factors uncovered in this study have been vastly neglected. Moreover, the linkages between domestic politics and international institutions, like PTAs, have been underappreciated. Political leaders are highly attuned to their domestic political situation; they take few actions without considering the consequences for domestic politics and their longevity in office. Combining an understanding of their domestic political calculations and their foreign policy behavior may better illuminate the sources of their actions.
