Challenges To The Global Trading System

Author : Kent Jones
Publisher : Oxford University Press
Page : 273 pages
File Size : 40,6 Mb
Release : 2021-04-23
Category : Business & Economics
ISBN : 9780190086374

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Populism and Trade by Kent Jones Pdf

Around the world, populism has weaponized anxieties over globalization and other forms of cultural, social, and economic change. Many populist leaders have succeeded in conflating trade concerns with apprehensions over immigration, thereby creating potent campaigns to overturn existing trade agreements and the multilateral cooperation they embody. In the United States, avowed protectionist Donald Trump set out not only to raise tariffs, but to dismantle the system of global trade embodied in the World Trade Organization. In the UK, the Brexit referendum resulted in that country's withdrawal from the European Union, ending its commitment to trade integration with the continent. Populism and Trade explores the impact of populist regimes on protectionism and the damage they have inflicted on global trade and trade policy institutions. Focusing on the disruption caused by the Trump administration and the Brexit referendum, the book traces the influence of populism on trade policy today. Kent Jones shows how these methods will continue to damage global cooperation--something that is essential when faced with international crises like a deadly pandemic--until the sources of populist anger can be addressed. He argues that economic and institutional reforms, along with better education and adjustment policies, will be necessary to break the populist fever. In an age of global populism, open trade policy has become a victim of anti-globalization and economic nationalism. Populism and Trade traces the impact of these divisive political tactics to explain the fragile nature of global trade institutions and the steps needed to save them.

Author : Jeffrey J. Schott
Publisher : Peterson Institute
Page : 356 pages
File Size : 50,6 Mb
Release : 1996
Category : Business & Economics
ISBN : 0881322350

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The World Trading System by Jeffrey J. Schott Pdf

Comprises a collection of papers and comments which discuss challenges confronting the World Trade Organization (WTO). Analyses the implementation of WTO agreements and unfinished business from the Uruguay Round, the impact of proliferating regionalism, the desirability of expending the WTO agenda to "new" issues, and institutional issues such as WTO accession and linkages with other international institutions.

Author : Sumner La Croix,Peter Petri
Publisher : Routledge
Page : 347 pages
File Size : 47,8 Mb
Release : 2007-03-21
Category : Business & Economics
ISBN : 9781134086481

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Challenges to the Global Trading System by Sumner La Croix,Peter Petri Pdf

International trade continues to expand robustly in East Asia and elsewhere, but global trade negotiations have collapsed and globalization is widely criticized. In this book, the participants of the thirtieth Pacific Trade and Development Conference—including the then-Director General of the World Trade Organization, and leading government officials, academics and executives from a dozen major Pacific Rim economies—debate whether global negotiations have ended once and for all, or are suffering temporarily from ‘globalization fatigue;’ whether East Asia’s new regional partnerships will advance or undermine the global trading system; and whether the region’s trade tensions with the United States will intensify or subside. They provide new empirical evidence on how trade affects the distribution of income, the location of pollution-intensive industries, the causes of ‘outsourcing,’ the structure of the intellectual property regime, and international security. And they probe the implications of adjustment to globalization: how can countries reap the benefits of trade while controlling the risks faced by the poor and, perhaps more importantly, the politically strong? Challenges to the Global Trading System is an invaluable resource for students and scholars of Asia-Pacific studies, international relations and development studies, as well as those with a more general interest in Asian studies.

Author : Patrick Low,Richard Baldwin
Publisher : Cambridge University Press
Page : 743 pages
File Size : 45,7 Mb
Release : 2009-02-19
Category : Business & Economics
ISBN : 9780521506014

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Multilateralizing Regionalism by Patrick Low,Richard Baldwin Pdf

A collection of revised papers from the 'Multilateralizing Regionalism' conference, held at the WTO in September 2007.

Author : Paul Blustein
Publisher : CIGI
Page : 282 pages
File Size : 48,9 Mb
Release : 2019-09-10
Category : Business & Economics
ISBN : 9781928096870

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Schism by Paul Blustein Pdf

China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad – for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies – a cheap currency and heavy-handed state intervention – that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

Author : Grant Douglas Aldonas
Publisher : CSIS
Page : 106 pages
File Size : 50,5 Mb
Release : 2009
Category : Economic development
ISBN : 9780892065868

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Rethinking the Global Trading System by Grant Douglas Aldonas Pdf

With the global economy slowing, global trade negotiations currently not making sufficient progress, and the emergence of a risk of increased protectionism, the need to demonstrate the importance of trade and the positive contribution it can make to positive economic growth and global welfare has never been more pressing. Given the fundamental changes under way in the global economy, however, progress on trade will require a strategy that looks beyond the Doha Round -- one that rethinks the ends and means of trade policy in a more globalized world economy. This conference had three main objectives: 1. assessing what changes in the structure of international trade and development mean for the conduct of trade policy in globally integrated markets 2.) exploring how trade policy and the trading system can best contribute to addressing the broader challenges the global community confronts, specifically to a reduction in global poverty and a response to global warming and 3.) determining the appropriate role for the WTO and the trade regime in the light of the growing debate over reforming the international economic architecture.

Author : Laura Gosset
Publisher : Commonwealth Secretariat
Page : 169 pages
File Size : 52,9 Mb
Release : 2015-11-20
Category : Law
ISBN : 9781849291392

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Small States in the Multilateral Trading System by Laura Gosset Pdf

Developing countries, including as small states and least developed countries (LDCs), continue to face significant challenges within the global trading system. Action is required to allow them to overcome disadvantages and achieve sustainable levels of income from trade. This study provides a fresh perspective on how measures can be taken to enhance the participation of small states, many of which are Commonwealth countries, in the multilateral trading system. It contributes to the ongoing general debate about reforming the World Trade Organization and global trade governance.

Author : Robert W. Staiger
Publisher : MIT Press
Page : 353 pages
File Size : 46,5 Mb
Release : 2022-12-20
Category : Business & Economics
ISBN : 9780262371308

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A World Trading System for the Twenty-First Century by Robert W. Staiger Pdf

When designing a world trading system for the twenty-first century, “Keep calm and carry on” beats “Move fast and break things.” Global trade is in trouble. Climate change, digital trade, offshoring, the rise of emerging markets led by China: Can the World Trade Organization (WTO), built for trade in the twentieth century, meet the challenges of the twenty-first? The answer is yes, Robert Staiger tells us, arguing that adapting the WTO to the changed economic environment would serve the world better than a radical reset. Governed by the WTO, on the principles of the General Agreement on Tariffs and Trade (GATT), global trade rules traditionally focus on “shallow integration”—with an emphasis on reducing tariffs and trade impediments at the border—rather than “deep integration,” or direct negotiations over behind-the-border measures. Staiger charts the economic environment that gave rise to the former approach, explains when and why it worked, and surveys the changing landscape for global trade. In his analysis, the terms-of-trade theory of trade agreements provides a compelling framework for understanding the success of GATT in the twentieth century. And according to this understanding, Staiger concludes, the logic of GATT's design transcends many, if not all, of the current challenges faced by the WTO. With its penetrating view of the evolving global economic environment, A World Trading System for the Twenty-First Century shows us a global trading system in need of reform, and Staiger makes a persuasive case for using the architecture of the GATT/WTO as a basis for that reform.

Author : Roger B. Porter,Pierre Sauve,Arvind Subramanian
Publisher : Rowman & Littlefield
Page : 470 pages
File Size : 43,9 Mb
Release : 2004-06-23
Category : Business & Economics
ISBN : 0815798253

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Efficiency, Equity, and Legitimacy by Roger B. Porter,Pierre Sauve,Arvind Subramanian Pdf

A Brookings Institution Press and the Center for Business and Government at Harvard University publication The multilateral trading system stands at a crossroads. Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged. These essays by leading scholars and trade officials honor Raymond Vernon, one of the architects of the international economic institutions established following the Second World War. The book examines several key issues at the heart of the debate over the multilateral trading system. What are the global efficiency gains from further liberalization? How can efficiency gains be maximized while respecting legitimate claims to sovereignty? Is the trading system affording an equitable distribution of benefits between countries and among various groups within societies? Does civil society have a role in the trading system? What role should the World Trade Organization and its dispute settlement procedures play in resolving disputes and enhancing legitimacy?

Author : National Research Council,Board on Science, Technology, and Economic Policy
Publisher : National Academies Press
Page : 451 pages
File Size : 41,8 Mb
Release : 1997-10-10
Category : Political Science
ISBN : 9780309057295

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International Friction and Cooperation in High-Technology Development and Trade by National Research Council,Board on Science, Technology, and Economic Policy Pdf

Author : Gregory Shaffer
Publisher : Cambridge University Press
Page : 345 pages
File Size : 55,7 Mb
Release : 2021-07-22
Category : Business & Economics
ISBN : 9781108495196

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Emerging Powers and the World Trading System by Gregory Shaffer Pdf

This book explains the rise of China, India, and Brazil in the international trading system, and the implications for trade law.

Author : Teddy Soobramanien,Brendan Vickers,Hilary Enos-Edu
Publisher : Commonwealth Secretariat
Page : 101 pages
File Size : 53,6 Mb
Release : 2019-04-29
Category : Business & Economics
ISBN : 9781849291866

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WTO Reform by Teddy Soobramanien,Brendan Vickers,Hilary Enos-Edu Pdf

The publication provides historical and up-to-date insights into how reform can be transformational and progressive in nature and broadens the debate by focusing not only on new pathways for decision-making but also on important issues such as the environment and the SDGs. Finally, it highlights the importance of keeping the multilateral trading system alive for the benefit of all states, particularly for small states, Least Developed Countries and sub-Saharan African countries. WTO Reform: Reshaping Global Trade Governance for 21st Century Challenges, is designed to serve as a valuable resource for government officials, trade negotiators, journalists, academics and researchers who are attempting to sort through the complexities of the organisation and the role they can play in supporting a fairer, more inclusive WTO and multilateral trading system.

Author : Kent Albert Jones
Publisher : Unknown
Page : 255 pages
File Size : 55,7 Mb
Release : 2021
Category : Commercial policy
ISBN : 0190086386

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Populism and Trade by Kent Albert Jones Pdf

"Populism and Trade traces the role of populist trade policy in the increase of global protectionism and the erosion of international trade institutions. Populist anti-trade rhetoric played a major part in U.S. President Donald Trump's 2016 election campaign, in which he portrayed current trade agreements as elitist measures to undermine U.S. manufacturing jobs, economic security, and the interests of the American people. Upon taking office he proceeded to implement trade restrictions that were unprecedented in the era of GATT-WTO rules. His use of national security criteria for unilateral tariffs on steel and aluminum, and his trade war with China represented an abandonment of WTO trade rules and practices. In the United Kingdom, the 2016 Brexit referendum resulted in a vote to leave the European Union, thereby ending the U.K. trade integration arrangement that had begun in 1973. The referendum campaign drew on U.K. criticism of EU intrusion on U.K. sovereignty in presenting the issue in populist terms of elitist control from Brussels set against the interests of the victimized British people. The book develops a conceptual framework of protectionism that links behavioral factors with perceived external threats and voting behavior based on emotion. It also offers a review of trade policies of other populist governments and an assessment of their economic and institutional cost. A concluding chapter provides recommendations for addressing the populist challenge, focusing on adjustment policies, reforms of global trade institutions, and the need to protect domestic democratic processes"--

Author : Jagdish N. Bhagwati,Pravin Krishna,Arvind Panagariya
Publisher : MIT Press
Page : 415 pages
File Size : 45,8 Mb
Release : 2016-12-16
Category : Business & Economics
ISBN : 9780262035231

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The World Trade System by Jagdish N. Bhagwati,Pravin Krishna,Arvind Panagariya Pdf

The world trade system : trends and challenges / Jagdish Bhagwati, Pravin Krishna and Arvind Panagariya -- Issues in trade policy -- Border tax equalization / Steve Charnovitz -- Trade, poverty and inequality / Devashish Mitra -- Dispute settlement : the influence of preferential trade agreements on litigation between trading partners / Petros Mavroidis and Andre Sapir -- Anti-dumping provisions within preferential trade agreements / Tom Prusa -- The wto trade facilitation agreement : milestone, mirage, or mistake? / Bernard Hoekman -- Agriculture : food security and trade liberalization / Stefan Tangermann -- Regional perspectives -- Trans Pacific Partnership : perspectives from China / Mary Lovely and Dimitar Gueorguiev -- Trans Atlantic Free trade : the view from Germany / Gabriel Felbermayr -- Administered protection in the eu : implications for TTIP / Jonas Kasteng

Author : Anonim
Publisher : BRILL
Page : 376 pages
File Size : 53,8 Mb
Release : 2021-11-22
Category : Business & Economics
ISBN : 9789004470354

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A New Global Economic Order by Anonim Pdf

A New Global Economic Order: New Challenges to International Trade Law examines the dislocating effects of the policies implemented by the Trump Administration on the global economic order and brings together leading scholars and practitioners of international economic law come together to defend multilateralism against unilateralism and populism.