The Political Economy of the World Trading System

The Political Economy of the World Trading System PDF Author: Bernard M. Hoekman
Publisher: Oxford University Press
ISBN: 0199553769
Category : Business & Economics
Languages : en
Pages : 765

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Book Description
New to this edition.

The Political Economy of the World Trading System

The Political Economy of the World Trading System PDF Author: Bernard M. Hoekman
Publisher: Oxford University Press
ISBN: 0199553769
Category : Business & Economics
Languages : en
Pages : 765

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Book Description
New to this edition.

The Political Economy of the World Trading System : WTO and Beyond

The Political Economy of the World Trading System : WTO and Beyond PDF Author: Bernard Hoekman
Publisher: OUP Oxford
ISBN: 0191522252
Category : Business & Economics
Languages : en
Pages : 580

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Book Description
The creation of the World Trade Organization (WTO) in 1995 ushered in a new era in world trading arrangements. Building on the General Agreement on Trades and Tariffs (GATT), the intergovernmental treaty that for 50 years had regulated international trade relations, the WTO is a global organization of equal standing to the International Monetary Fund and the World Bank, and will set the agenda for international trade for decades to come. The authors of this volume were heavily involved in the Uruguay Round of GATT negotiations that laid the foundations for the creation of the WTO, and were ideally placed to see how the politics of negotiation affects the economics of trade. The Political Economy of the World Trading System is the first comprehensive and accessible introduction to the institutional mechanics, economics, and politics of the global trading networks. It goes beyond description of the rules of the WTO to analyse the political and economic forces that sculpted them, the incentives for countries to abide by them, and the likely future direction of the organization. The authors show how governments are not necessarily the social welfare-maximizing entities often found in textbooks, but instead develop policy subject to the pressures of a variety of interest groups. Although economic theory suggests that countries should pursue liberal trade policies and exchange goods and services on the basis of their comparative advantage, in practice most nations actively intervene in international trade. The political economy approach taken in this volume explains how the WTO functions, why GATT has been very successful in reducing tariffs, and why it has proven much more difficult to expand the reach of multilateral disciplines to domestic policies impacting on trade. This book will increase the reader's understanding of international economics, business, and international relations by supplying in-depth insider knowledge of how trade negotiations take place, how this decision-making affects trade policy, and how the multilateral arrangements that shape world trade are created. This information is crucial to understand why WTO rules are phrased as they are, and to understand the processes by which business organizations, industrial associations, and political lobbies influence the multilateral trading system. In this expanded and thoroughly revised edition, the authors have taken account of the recent developments in international trade relations, included an extra chapter on the historical importance of international trading arrangements, and updated all the references and guides to further reading.

The Political Economy of the World Trading System

The Political Economy of the World Trading System PDF Author: Bernard Hoekman
Publisher:
ISBN:
Category :
Languages : en
Pages : 301

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Book Description


The Political Economy of the World Trading System

The Political Economy of the World Trading System PDF Author: Bernard M. Hoekman
Publisher: Oxford University Press, USA
ISBN:
Category : International economic relations
Languages : en
Pages : 324

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Book Description
Understanding the reach and relevance of the organization is therefore important, and requires an interdisciplinary approach. Few countries allow unfettered market forces to determine the pattern and structure of trade and investment. Instead, governments develop policy in response to domestic political forces, taking into account likely reactions by trading partners. In discussing the WTO, the authors take a political economy-based approach that can explain these fundamental aspects of the 'real' world.

The Political Economy of the World Trading System

The Political Economy of the World Trading System PDF Author: Bernard M. Hoekman
Publisher:
ISBN: 9780191596445
Category : International economic relations
Languages : en
Pages : 301

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Book Description
The creation of the World Trade Organization (1995) ushered in a new era in world trading arrangements. This text explains how the WTO functions, and how it relates to the General Agreement on Trades and Tariffs (GATT).

The Political Economy of the World Trading System

The Political Economy of the World Trading System PDF Author: Bernard M. Hoekman
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


The World Trade Organization

The World Trade Organization PDF Author: Anna Lanoszka
Publisher:
ISBN:
Category : Free trade
Languages : en
Pages : 284

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Book Description
Examining the World Trade Organization, this book covers the basics: the WTO's history, its structure, and its practices and concerns. It presents an overview of the world trading system since the end of World War II. It also explains the profound changes brought about by the establishment of the WTO.

The Economics of the World Trading System

The Economics of the World Trading System PDF Author: Kyle Bagwell
Publisher: MIT Press
ISBN: 9780262524346
Category : Business & Economics
Languages : en
Pages : 244

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Book Description
World trade is governed by the rules of the World Trade Organization (WTO), the successor to the General Agreement on Tariffs and Trade (GATT). The WTO sets rules of conduct for the international trade of goods and services and for intellectual property rights, provides a forum for multinational negotiations to resolve trade problems, and has a formal mechanism for dispute settlement. It is the primary institution working, through rule-based bargaining, at freeing trade. In this book, Kyle Bagwell and Robert Staiger provide an economic analysis and justification for the purpose and design of the GATT/WTO. They summarize their own research, discuss the major features of the GATT agreement, and survey the literature on trade agreements. Their focus on the terms-of-trade externality is particularly original and ties the book together. Topics include the theory of trade agreements, the origin and design of the GATT and the WTO, the principles of reciprocity, the most favored nation principle, terms-of-trade theory, enforcement, preferential trade agreements, labor and environmental standards, competition policy, and agricultural export subsidies.

The WTO and the Political Economy of Trade Policy

The WTO and the Political Economy of Trade Policy PDF Author: Wilfred Ethier
Publisher: Edward Elgar Publishing
ISBN:
Category : Commercial policy
Languages : en
Pages : 632

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Book Description
Covers topics such as unilateral and multilateral trade policies, international trade agreements and administered protection. This book presents a discussion of the political economy approach, the development of multilateral trade agreements, the trade and internal motives that guide unilateral trade policy.

The WTO

The WTO PDF Author: Rorden Wilkinson
Publisher: Routledge
ISBN: 1136016708
Category : Political Science
Languages : en
Pages : 194

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Book Description
Rorden Wilkinson explores the factors behind the collapse of World Trade Organisation (WTO) ministerials – as in Seattle in 1999 and Cancun in 2003 – and asks why such events have not significantly disrupted the development of the multilateral trading system. He argues that the political conflicts played out during such meetings, their occasional collapse and the reasons why such events have so far not proven detrimental to the development of the multilateral trading system can be explained by examining the way in which the institution was created and has developed through time. In addition, this new text: explores the development of the multilateral trading system from the creation of the General Agreement on Tariffs and Trade (GATT) in 1947 to the WTO’s Hong Kong ministerial in December 2005 examines the way in which the interaction of member states has been structured by the institution’s development assesses the impact of institutional practices and procedures on the heightening of political tensions and explains why WTO ministerials exhibit a propensity to collapse but why the breakdown of a meeting has so far not prevented the institution from moving forward This book will be of interest to scholars and students of international politics, economics and law