Is The World Trade Organization Attractive Enough For Emerging Economies
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Is the World Trade Organization Attractive Enough for Emerging Economies? by Z. Drabek Pdf
Do countries benefit from their Membership in the WTO. This book addresses this question and examines the role of the WTO in the process of economic development of emerging markets and other developing countries.
Recently Acceded Members of the World Trade Organization by Kenji Takamiya Pdf
The book sheds light on trade policies of developing economies that joined the multilateral trading system after establishment of the World Trade Organization (WTO) in 1995, once known as the recently acceded members (RAMs). Its detailed case studies on Georgia, the People’s Republic of China, Viet Nam and Ecuador examine their engagement in accession and Doha Round negotiations and, where relevant, dispute settlement at the WTO. Using the economic theories of trade agreements and negotiations as a guide for intellectual inquiries, this book assesses motivations accounting for the RAMs’ evolving behaviors in the multilateral trading system. The first two chapters present background and overview, followed by four chapters on country-specific case studies. The book is concluded with the last chapter that provides one possible explanation of why the Doha Round has been faced with deadlocks while accession and dispute settlement have been working effectively.
Negotiating Membership in the WTO and EU by Jamie E. Scalera Pdf
With the accession of Afghanistan in 2016, the World Trade Organization (WTO) numbered 164 members with nineteen other states in line to join. The WTO is certainly not alone in its growth though; the Organization for Economic Cooperation and Development (OECD), the North Atlantic Treaty Organization (NATO), and the European Union (EU) are all expanding with dozens of states continuing to negotiate their potential membership. What impact does membership in international organizations really have? Why do some states have a seemingly easy path to joining international organizations while others find the process nearly impossible? What implications do these difficult accession processes have on the domestic and international politics of the acceding states? The author presents the two-level theory of accession, which highlights factors at the domestic level and international organization level, to explain how accession processes in the WTO and EU vary from state to state and the impact of these variations. In so doing, this book provides a unique perspective on the topic of membership in international organizations.
Accession to the World Trade Organization by Dylan Geraets Pdf
This detailed and perceptive book examines the extent and scope of how rules for accession to the WTO may vary between countries, approaching the concerns that some countries enter with a better deal than others. Dylan Geraets critiques these additional ‘rules’ and aims to answer the question of whether new Members of the WTO are under stricter rules than the original Members, whilst analysing the accession process to the multilateral trading system.
The Reform of International Economic Governance by Antonio Segura Serrano Pdf
The second half of the twentieth century saw the emergence of international economic law as a major force in the international legal system. This force has been severely tested by the economic crisis of 2008. Unable to prevent the crisis, the existing legal mechanisms have struggled to react against its direst consequences. This book brings together leading experts to analyse the main causes of the crisis and the role that international economic law has played in trying to prevent it, on the one hand, and worsening it, on the other. The work highlights the reaction and examines the tools that have been created by the international legal field to implement international cooperation in an effort to help put an end to the crisis and avoid similar events in the future. The volume brings together eminent legal academics and economists to examine key issues from the perspectives of trade law, financial law, and investment law with the collective aim of reform of international economic governance.
Non-discrimination in the World Trade Organization by William J. Davey Pdf
International trade is conducted mainly under the rules of the World Trade Organization. Its non-discrimination rules are of fundamental importance. In essence, they require WTO members not to discriminate amongst products of other WTO members in trade matters (the most favoured- nation rule) and, subject to permitted market-access limitations, not to discriminate against products of other WTO members in favour of domestic products (the national treatment rule). The interpretation of these rules is quite difficult. Their reach is potentially so broad that it has been felt that they should be limited by a number of exceptions, some of which also present interpretative difficulties. Indeed, one of the principal conundrums faced by WTO dispute settlement is how to strike the appropriate balance between the rules and exceptions. Davey explores the background and justification for the non-discrimination rules and examines how the rules and the exceptions have been interpreted in WTO dispute settlement. He gives considerable attention to whether the exceptions give sufficient discretion to WTO members to pursue their legitimate non-trade policy goals.
Industrial, Trade, and Employment Policies in Iran by Pooya Alaedini,Mohamad R. Razavi Pdf
This volume explores Iran’s industrial and trade policy options for achieving sustainable, export-oriented, and pro-employment growth. The first part of the book discusses Iran’s economic and industrial development performance, as well as strategies for enhancing capabilities, fostering productive transformation, and developing employment that can result in faster and more inclusive economic growth. It also presents a case study on a leading manufacturing subsector—the automotive industry. The book then offers a set of analyses concerning the country’s trade sector, including exchange rate policies, ways to connect to global markets, and accession to the World Trade Organization. In turn, the closing chapters investigate various aspects of Iran’s labor market and offer policy recommendations on the creation of productive jobs. Readers will learn about effective industrial, trade, and employment policies that can complement macroeconomic measures adopted by the government. As such, the book will appeal not only to scholars and policy-makers, but also to international investors seeking to understand various core aspects of Iran’s industrial and employment structures and trade regime.
European Economic Integration, WTO Membership, Immigration and Offshoring by Wilhelm Kohler Pdf
This volume is a collection of papers that apply general equilibrium theory in order to obtain policy relevant insights on topical issues of international trade and migration. The first set of papers focuses on European integration, applying dynamic numerical general equilibrium methods to quantify the effects of geographic extension of the European Union, including the effects of Eastern enlargement of the EU on incumbent Western member countries. The second set of papers deals with the trade effects of WTO membership, with special focus on the so-called extensive country margin, where new international trading relationships are formed. The third set of papers focuses on immigration, offering a rigorous theoretical analysis of the so-called immigration surplus as well as an econometric estimation of the gains and pain that Germany has forgone by initially restricting immigration from new EU member countries after the EU's Eastern enlargement in 2004. And finally, the book contains a set of theoretical papers on the distributional effects of offshoring. Contents:IntroductionModeling EU-Type Economic Integration: Eastern Enlargement of the EU:Eastern Enlargement of the EU: Jobs, Investment and Welfare in Present Member Countries (Ben J Heijdra, Christian Keuschnigg and Wilhelm Kohler)Eastern Enlargement of the EU: A Comprehensive Welfare Assessment (Wilhelm Kohler)The Role of Distance and WTO Membership for Trade:Exploring the Intensive and Extensive Margins of World Trade (Gabriel J Felbermayr and Wilhelm Kohler)WTO Membership and the Extensive Margin of World Trade: New Evidence (Gabriel J Felbermayr and Wilhelm Kohler)Offshoring: A New Form of Trade, Conventional Mechanisms?:The Distributional Effects of International Fragmentation (Wilhelm Kohler)Aspects of International Fragmentation (Wilhelm Kohler)International Outsourcing and Factor Prices with Multistage Production (Wilhelm Kohler)The Bazaar Effect, Unbundling of Comparative Advantage, and Migration (Wilhelm Kohler)International Migration: Gains and Pains?:Immigration and Native Welfare (Gabriel J Felbermayr and Wilhelm Kohler)Can International Migration Ever Be Made a Pareto Improvement? (Gabriel Felbermayr and Wilhelm Kohler)Restrictive Immigration Policy in Germany: Pains and Gains Foregone? (Gabriel Felbermayr, Wido Geis and Wilhelm Kohler) Readership: Postgraduate students and researchers in the field of international economics. Keywords:Economic Integration;WTO Membership;Immigration;Offshoring;European Union;International Trade;Migration;Gravity;Germany;Equilibrium;Tariff Liberalization;Commercial Policy;Eastern EnlargementKey Features:Detailed quantitative analysis of geographic extension of the European Union, based on general equilibrium theory, with special emphasis on growth effectsDetailed analysis of the extensive country margin in the gravity analysis of international tradeIdentification of general mechanisms of trade theory that may lie behind the seemingly bewildering multitude of possible distributional effects of offshoring
The History and Future of the World Trade Organization by Craig VanGrasstek Pdf
This comprehensive account of the establishment of the WTO focuses on those who shaped its creation as well as those who have influenced its evolution. It also examines trade negotiations, the WTO's dispute settlement role, the process of joining, and what lies ahead for the organization.
Making Global Trade Governance Work for Development by Carolyn Deere Birkbeck Pdf
Discussion of the governance of global trade and the multilateral trading system is too often dominated by developed-country scholars and opinion-makers, with inadequate attention given to developing country perspectives. Making Global Trade Governance Work for Development gathers a diversity of developing country views on how to improve the governance of global trade and the WTO to better advance sustainable development and respond to the needs of developing countries. With contributions by senior scholars, commentators and practitioners, the essays combine new, empirically-grounded research with practical insights about the trade policy-making process. They consider the specific governance issues of interest to developing countries and acknowledge the changing dynamics in the global economy and in trade decision-making.
Foreign Direct Investment and Development by Theodore H. Moran Pdf
In this cutting-edge analysis of foreign direct investment (FDI), Moran--one of the acknowledged experts in this area--questions traditional econometric measures of foreign direct investment flows, identifies flaws in past research, elaborates on how the latest research has moved More ... into new territory, and provides a first look at what new research has uncovered. Moran concentrates on FDI in the manufacturing and assembly sector, and discusses if FDI in manufacturing raises the productivity of host country economic activities, if FDI makes the host more competitive in new sectors, and generates externalities that benefit local firms and workers. He provides important new data on the kinds of activities, types of jobs, and level of wages associated with multinational manufacturing investment. This volume dissects the market failures associated with the contemporary idea of development as selfdiscovery, and addresses the tricky question of whether to provide incentives for FDI. In addition, he provides a novel reassessment of the debate about FDI crowding-out or crowding-in domestic investment. This book provides insight and lessons for developing and developed countries, NGOs, the corporate responsibility community, and multilateral lending institutions
Value Chains and WTO Disputes by Aydin Baris Yildirim Pdf
As economic populism and protectionism increasingly threatens the global trade order, this book examines the behavior of World Trade Organization (WTO) members at the judicial arm of the WTO—the dispute settlement mechanism (DSM). The author explores why and when governments cooperate at the WTO and comply with the ruling of its panels, focusing on how the growth of global value chains through the internationalization of trade and production has increased the importance of both trade liberalization and supra-national governance and policy-making. Finding that domestic organized interests—i.e. firms and sectors—mobilize and lobby national governments to change their domestic policies to better harmonize with their international trade commitments, the author outlines how the time it takes to comply with adverse WTO rulings is shorter when the potential domestic costs of non-compliance outweigh protectionist interests. The author’s innovative research design highlights the conditions under which the WTO can preserve the rules of international trade and support a more open, global economy.
Power Plays argues that international institutions prevent extortion in some areas, but cause states to shift coercive behavior into less effective policy domains.
