Evolving Patterns In Global Trade And Finance

Author : Sven W Arndt
Publisher : World Scientific
Page : 348 pages
File Size : 48,6 Mb
Release : 2014-07-18
Category : Business & Economics
ISBN : 9789814603423

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Evolving Patterns in Global Trade and Finance by Sven W Arndt Pdf

In Evolving Patterns in Global Trade and Finance, Professor Sven W Arndt offers succinct and rigorous explanations of important developments in trade, finance and international monetary relations. Topics include economic and monetary integration, cross-border production networks, and stabilization policy in orthodox and mixed exchange-rate regimes. The theoretical framework developed in this volume provides critical assessments of existing policies and practices, develops theoretical foundations for new and emerging patterns in trade and finance, and evaluates how well economists and policy makers are dealing (or have dealt) with the challenges they face. Readers will find the most in-depth and comprehensive discussion of international production networks (“off-shoring”), a detailed analysis of the implications for US economic stability and policy autonomy of its unorthodox exchange rate regime of fixed and floating rates, and insights into the causes of recent economic and financial turmoil in the global economy. Contents:Part I: Beyond the Standard Trade Model:Free Trade and Its AlternativesOn Discriminatory vs. Non-Preferential Tariff PoliciesCustoms Union and the Theory of TariffsDomestic Distortions and Trade PolicyPart II: Fragmentation and Cross-Border Production Networks:FragmentationSuper-Specialization and the Gains from TradeGlobal Production Networks and Regional IntegrationProduction Networks in an Economically Integrated RegionTrade Diversion and Production SharingProduction Networks, Exchange Rates and Macroeconomic StabilityTrade, Production Networks and the Exchange RateIntra-Industry Trade and the Open EconomyFragmentation, Imperfect Competition and Heterogeneous FirmsPart III: Macro Policy Challenges in Open Economies:Policy Choices in an Open Economy: Some Dynamic ConsiderationsJoint Balance: Capital Mobility and the Monetary System of a Currency AreaInternational Short-Term Capital Movements: A Distributed Lag Model of Speculation in Foreign ExchangeRegional Currency Arrangements in North AmericaAdjustment in an Open Economy with Two Exchange-Rate RegimesStabilization Policy in an Economy with Two Exchange Rate RegimesPolicy Challenges in a Dual Exchange Rate RegimeThe "Great Moderation" in a Dual Exchange Rate Regime Readership: Advanced economics undergraduates and graduate students; academic researchers in both trade and open economy macroeconomics and international finance. Key Features:Offers the most complete and comprehensive analysis of “off-shoring” and international production networksPays serious attention to the existence of distortions and anti-competitive elements that threaten the ability of markets to function properlyAddresses weaknesses in current exchange rate arrangements that may contribute to global economic and financial instabilityKeywords:Preferential Trade Areas;Fragmentation;Cross-Border Production Networks;Off-Shoring;Currency Areas and Monetary Union;Single vs. Dual-Exchange Rate Regimes;Stabilization Policy in Open Economies;International Monetary Relations

Author : Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen
Publisher : International Monetary Fund
Page : 87 pages
File Size : 45,8 Mb
Release : 2012-01-15
Category : Business & Economics
ISBN : 9781463973100

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Changing Patterns of Global Trade by Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen Pdf

Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

Author : Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen
Publisher : International Monetary Fund
Page : 87 pages
File Size : 51,7 Mb
Release : 2012-01-09
Category : Business & Economics
ISBN : 9781616352073

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Changing Patterns of Global Trade by Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen Pdf

Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.

Author : International Monetary Fund. Strategy, Policy, & Review Department
Publisher : International Monetary Fund
Page : 70 pages
File Size : 43,7 Mb
Release : 2011-06-15
Category : Business & Economics
ISBN : 9781498338769

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Changing Patterns of Global Trade by International Monetary Fund. Strategy, Policy, & Review Department Pdf

The past few decades have seen important shifts that have reshaped the global trade landscape. As a share of global output, trade is now at almost three times the level in the early 1950s, in large part driven by the integration of rapidly growing emerging market economies (EMEs). The expansion in trade is mostly accounted for by growth in noncommodity exports, especially of high-technology products such as computers and electronics. It is also characterized by a growing role of global supply chains and an ongoing shift of technology content toward EMEs. These developments in global trade have been associated with growing trade interconnectedness and carry important implications for trade patterns, in particular in response to relative price changes. The aim of this paper is to outline the factors underlying these changes and analyze their implications for the outlook for global trade patterns.

Author : Robert Mitchell Stern
Publisher : World Scientific
Page : 531 pages
File Size : 50,6 Mb
Release : 2012
Category : Business & Economics
ISBN : 9789814383479

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Quantitative Analysis of Newly Evolving Patterns of International Trade by Robert Mitchell Stern Pdf

Quantitative Analysis of Newly Evolving Patterns of International Trade offers a variety of perspectives on new forms and developments of international trade and related activities for Japan, the United States, China, and some other important trading countries, to develop new methods and data for measuring the factor contents of emerging new modes of international trade. Such methods and data are crucially important for evaluating impacts of the new modes on factor markets in the United States, Japan, and other major trading countries, and also for forecasting the future development of world trade and foreign direct investment (FDI), evaluating welfare gains from trade, estimating impacts of free trade agreements, and designing effective trade and FDI policies.

Author : World Trade Organization
Publisher : Unknown
Page : 128 pages
File Size : 45,5 Mb
Release : 2011
Category : Electronic
ISBN : OCLC:745696763

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Trade Patterns and Global Value Chains in East Asia by World Trade Organization Pdf

Author : Adair Raynerson
Publisher : Socialy Press
Page : 320 pages
File Size : 46,7 Mb
Release : 2017-06
Category : Electronic
ISBN : 1681177552

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International Trade and the New Global Economy by Adair Raynerson Pdf

A comprehensive and fruitful analysis of the shaping factors of international trade and their implications for trade policy cannot be performed without having a clear idea of the evolution of trade patterns over time. Today, there is a net redistribution of wealth away from the rapid-growth economies. Companies from those rapid-growth markets are now challenging the giants of the Fortune and Forbes lists. We are witnessing a surge of investment from west to east, some of it speculative but much of it the result of by individual businesses decisions. Focusing on west to east misses the important east to east and growing east to west dimension. And centring on flows to India and China misses the far greater increase that is happening within regional blocs closer to home. Although international trade collapsed throughout the financial crisis, it has since bounced back sturdily, led by trade among rising markets. But what remains unclear is whether the key trends of the past ten years can be expected to extend into the coming decade, or whether the global financial crisis has changed the dynamic of the global economy, ensuing in new patterns of international trade. This is a compilation of the leading research contributed by renowned economists and political scientists discussing the links between economic changes and international trade. It identifies and explains important trends in international trade that have emerged over the last years. It also provides some illustrative simulations of possible future trade scenarios. Worldwide trade has recovered strongly following the global financial crisis. But rather than a return to business as usual, we are now seeing new patterns of international trade emerge. Businesses will need to adjust their strategies to imitate the changing patterns of world trade that are developing and are on the edge to intensify over the next decade. This book will be of an excellent tool for students and social scientists interested in international economic affairs.

Author : OECD
Publisher : OECD Publishing
Page : 351 pages
File Size : 52,5 Mb
Release : 2011-10-20
Category : Electronic
ISBN : 9789264113084

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Globalisation, Comparative Advantage and the Changing Dynamics of Trade by OECD Pdf

This book collects OECD work that builds on recent contributions to the theory and empirics of comparative advantage, putting particular emphasis on the role policy can play in shaping trade.

Author : World Bank
Publisher : World Bank Publications
Page : 511 pages
File Size : 48,7 Mb
Release : 2019-11-19
Category : Business & Economics
ISBN : 9781464814952

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World Development Report 2020 by World Bank Pdf

Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and began to catch up with richer countries. Since the 2008 global financial crisis, however, the growth of trade has been sluggish and the expansion of GVCs has stalled. Meanwhile, serious threats have emerged to the model of trade-led growth. New technologies could draw production closer to the consumer and reduce the demand for labor. And trade conflicts among large countries could lead to a retrenchment or a segmentation of GVCs. World Development Report 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. It concludes that technological change is, at this stage, more a boon than a curse. GVCs can continue to boost growth, create better jobs, and reduce poverty provided that developing countries implement deeper reforms to promote GVC participation; industrial countries pursue open, predictable policies; and all countries revive multilateral cooperation.

Author : Robert M. Stern
Publisher : World Scientific
Page : 531 pages
File Size : 41,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9789814383486

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Quantitative Analysis of Newly Evolving Patterns of International Trade by Robert M. Stern Pdf

Quantitative Analysis of Newly Evolving Patterns of International Trade offers a variety of perspectives on new forms and developments of international trade and related activities for Japan, the United States, China, and some other important trading countries, to develop new methods and data for measuring the factor contents of emerging new modes of international trade. Such methods and data are crucially important for evaluating impacts of the new modes on factor markets in the United States, Japan, and other major trading countries, and also for forecasting the future development of world trade and foreign direct investment (FDI), evaluating welfare gains from trade, estimating impacts of free trade agreements, and designing effective trade and FDI policies.

Author : Caf Dowlah
Publisher : Routledge
Page : 320 pages
File Size : 48,9 Mb
Release : 2015-07-30
Category : Business & Economics
ISBN : 9781317447924

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International Trade, Competitive Advantage and Developing Economies by Caf Dowlah Pdf

Available research suggests that less developed countries have significant competitive advantage over developed countries in three major areas of international trade: agriculture, textiles and clothing (T&C), and cross-border labor mobility. Incidentally, these are also the trade sectors which experienced widespread protectionist measures, especially in developed world, for decade after decade. Under the World Trade Organization (WTO), which replaced the General Agreement on Tariff and Trade (GATT) in 1995, much of the restrictions in T&C trade has been phased out, but still this sector faces much higher tariff and non-tariff barriers than any other manufacturing sector in world economy. The agricultural sector also experienced significant dismantling of deeply entrenched trade barriers under the WTO over the course of last two decades, but the sector still remains plagued with quite extensive domestic supports, export subsidies, and tariff barriers. At the same time, despite both theoretical expositions and empirical trends point to significant potential gains from cross-border labor mobility, the sector remains mired in a complex quagmire of economic and political restrictions around the world. Thus, all three sectors in which less developed countries have exports interests still remain less liberalized than the sectors in which developed countries have exports interests. This book provides an in-depth and up-to-date scholarly analysis of all three trade sectors—agriculture, T&C and cross-border labor mobility—with a penetrating scrutiny of historical backgrounds and developments, crosscurrents of interests and perspectives of both developed and developing countries, and evolving trade patterns and potentials in a more liberalized and globalized world economy. The book also identifies critical economic issues and options for less developed countries in the WTO negotiations for further liberalization of agriculture, T&C, and cross-border labor mobility. This volume will be an important point of reference for students, scholars, and practitioners of international trade, economic development, development economics, and WTO-related issues.

Author : Cristina Constantinescu,Aaditya Mattoo,Michele Ruta
Publisher : International Monetary Fund
Page : 44 pages
File Size : 51,5 Mb
Release : 2015-01-21
Category : Business & Economics
ISBN : 9781498399135

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The Global Trade Slowdown by Cristina Constantinescu,Aaditya Mattoo,Michele Ruta Pdf

This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and income in the past four decades reveals that the long-term trade elasticity rose sharply in the 1990s, but declined significantly in the 2000s even before the global financial crisis. These results suggest that trade is growing slowly not only because of slow growth of Gross Domestic Product (GDP), but also because of a structural change in the trade-GDP relationship in recent years. The available evidence suggests that the explanation may lie in the slowing pace of international vertical specialization rather than increasing protection or the changing composition of trade and GDP.

Author : Arnold Kling
Publisher : Cato Institute
Page : 212 pages
File Size : 46,9 Mb
Release : 2016-06-14
Category : Business & Economics
ISBN : 9781944424169

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Specialization and Trade by Arnold Kling Pdf

Since the end of the second World War, economics professors and classroom textbooks have been telling us that the economy is one big machine that can be effectively regulated by economic experts and tuned by government agencies like the Federal Reserve Board. It turns out they were wrong. Their equations do not hold up. Their policies have not produced the promised results. Their interpretations of economic events -- as reported by the media -- are often of-the-mark, and unconvincing. A key alternative to the one big machine mindset is to recognize how the economy is instead an evolutionary system, with constantly-changing patterns of specialization and trade. This book introduces you to this powerful approach for understanding economic performance. By putting specialization at the center of economic analysis, Arnold Kling provides you with new ways to think about issues like sustainability, financial instability, job creation, and inflation. In short, he removes stiff, narrow perspectives and instead provides a full, multi-dimensional perspective on a continually evolving system.

Author : Marshall B. Reinsdorf,Matthew J. Slaughter
Publisher : University of Chicago Press
Page : 388 pages
File Size : 44,7 Mb
Release : 2009-08-01
Category : Business & Economics
ISBN : 9780226709604

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International Trade in Services and Intangibles in the Era of Globalization by Marshall B. Reinsdorf,Matthew J. Slaughter Pdf

Quantitative measures of international exchange have historically focused on trade in tangible products or capital. However, services have recently become a larger portion of developed economies and international trade, and will only increase in the future. In International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter examine new and emerging patterns of trade, especially the growing importance of transactions involving services or intangible assets such as intellectual property. A distinguished team of contributors analyzes the challenges involved in measuring trade in intangibles, the comparative advantages enjoyed by United States service industries, and the heightened international competition for jobs, capital investment, economic growth, and tax revenue that results from trade in services. This comprehensive volume will be necessary reading for scholars seeking to understand the rapidly changing global economy.

Author : National Intelligence Council
Publisher : Cosimo Reports
Page : 158 pages
File Size : 52,8 Mb
Release : 2021-03
Category : Electronic
ISBN : 1646794974

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Global Trends 2040 by National Intelligence Council Pdf

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.