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The Oxford Handbook of International Commercial Policy
Edited by Mordechai E. Kreinin and Michael G. Plummer
432 pages
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26 illustrations
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171x248mm
978-0-19-537804-7
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Hardback
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31 May 2012
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- Comprehensive coverage of commercial policy issues, both theoretical and empirical
- Real-world commercial policies of key players in the global trading system, including the EU, US, Japan, China and India, as well as open economies such as Australia and Israel
- Contributors include some of the best-known international trade economists
As we enter the 2010s, the global economy is becoming increasingly integrated. International trade has been growing rapidly, an ostensibly irresistible trend that was only temporarily disrupted by the 2008-09 global recession. Globalization has become associated with a country's economic success while failure to open up markets is often viewed as a cause of economic stagnation. This is predicted by economic theory and verified by empirical investigations. One reason for the growth of trade is the impressive reduction of trade barriers over the past 60 years; namely the pursuit of liberal commercial policy by many countries, led by the
United States. Yet, particularly with the economic malaise that has persisted since the Great Recession, the role of commercial policy has become increasingly controversial in the media and other public fora. The relationship between trade and employment, as well as the implications of trade for income distribution, are examples of profound influences on national economies that have provoked intensive debate in the public realm. These domestic effects go a long way towards explaining the widespread backlash against globalization that we have observed in recent years.
This volume of contributions from some of the best-known international trade economists explores and analyzes the various aspects of commercial policy — theoretical, empirical, and institutional —
in a way that standard texts in international economics do not. It does this via two sets of chapters: the first part covers general approaches to commercial policy, including theoretical, institutional, historical, and empirical contributions. Topics addressed include a general analysis of free trade compared to its alternatives, the future of the international trading system (including the regional trade agreement zeitgeist), trade's effects on employment, and the "special" case of agriculture. The second part is comprised of country-specific and regional applications, including case studies of key players in the international trading system (United States, the European Union, and Japan); small, open markets (Australia and Israel); large emerging markets (China and India); and a
South-South regional grouping (the Association of Southeast Asian Nations).Readership: Advanced undergraduate and graduate students of international economics
Undergraduate business students and MBA students
Trade policymakers and negotiators
Other experts including those in civil society and the private sector, interested in globalization in general and trade in particular.
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Edited by Mordechai E. Kreinin, University Distinguished Professor of Economics, Michigan State University, and Michael G. Plummer, Head, Development Division, Organization for Economic Cooperation and Development (OECD) Mordchai E. Kreinin is University Distinguished Professor of Economics at Michigan State University and past President of the International Trade and Finance Association.
Michael G. Plummer is Head of the Development Division at the Organisation for Economic Co-operation and Development (OECD) and the Eni Professor of International Economics at Johns Hopkins University, SAIS-Bologna. He is also Editor-in-Chief of the Journal of Asian Economics and Director, American Committee for Asian Economic Studies (ACAES), and is a non-resident Senior Fellow of the East-West Center. Contributors:
Sven W. Arndt (Ph.D., University of California, Berkeley) is the Charles M. Stone Professor of Money, Credit and Trade at Claremont McKenna College (CMC). He is adjunct professor at Claremont Graduate University.; Robert E. Baldwin is Hilldale Professor of
Economics, Emeritus, at the University of Wisconsin-Madison.; Torbj"rn Becker is the Director of the Stockholm Institute of Transition Economics (SITE) at the Stockholm School of Economics since August 2006. He is also chairman of the board of the Kyiv Economic Institute in Ukraine and CenEA in Poland, as well as a board member of the Swedish International Development Cooperation Agency (SIDA), and the International faculty committee at the International School of Economics in Tbilisi, Georgia.; Cristiane Carneiro has a visiting appointment at the International Relations Institute - University of Sao Paulo.; Carl Davidson is a Professor of Economics and the current Chair of the Department of Economics at Michigan State University.; Alfred E. Eckes, Jr. is a former Chairman and Commission
(1981-1990) of the U.S. International Trade Commission. He is currently a research professor at Ohio University in Athens, Ohio. His latest book The Contemporary Global Economy: A History Since 1980 will be published by Wiley-Blackwell in 2011.; Anders Fredriksson received his PhD in Economics from the Institute for International Economic Studies (IIES) at Stockholm University in 2009. After completing his thesis, he has worked at SITE, Stockholm Institute of Transition Economics, and is currently a Post Doc at the University of Namur, Belgium.; Hal Hill is the H.W. Arndt Professor of Southeast Asian Economies, Arndt-Corden Department of Economics, Crawford School, Australian National University.; Gary Clyde Hufbauer has been the Reginald Jones Senior Fellow at the Peterson Institute for
International Economics since 1992. He was on leave as the Maurice R. Greenberg Chair and Director of Studies at the Council on Foreign Relations (1996-98), and he formerly held positions as Marcus Wallenberg Professor of International Finance Diplomacy at Georgetown University (1985-92), senior fellow at the Institute (1981-85), deputy director of the International Law Institute at Georgetown University (1979-81); deputy assistant secretary for international trade and investment policy of the US Treasury (1977-79); and director of the international tax staff at the Treasury (1974-76).; Timothy Josling is a Professor, Emeritus, at the (former) Food Research Institute at Stanford University; a Senior Fellow at the Freeman Spogli Institute for International Studies; and a faculty member at
FSI's Europe Center. on agricultural trade policies; and the treatment of biofuel subsidies in the WTO.; Masahiro Kawai joined the Asian Development Bank Institute as Dean and CEO in January 2007 after serving as Special Advisor to the ADB President on regional economic integration and cooperation. Prior to this tour, Mr. Kawai was Professor of Economics at the University of Tokyo.; Mordchai E. Kreinin is University Distinguished Professor of Economics at Michigan State University and past President of the International Trade and Finance Association.; Peter Lloyd is Professor Emeritus of the University of Melbourne.; Rachel McCulloch is the Rosen Family Professor of International Finance in the Department of Economics and International Business School at Brandeis University.; Jayant Menon,
a Malaysian national, is Principal Economist in the Office for Regional Economic Integration at the Asian Development Bank.; Patrick Messerlin is Professor of economics at Sciences Po and Director of Groupe d'Economie Mondiale at Sciences Po (GEM).; Michael Michaely is Aron and Michael Chilewich Professor Emeritus of International Trade at the Hebrew University of Jerusalem.; Michael G. Plummer is Head of the Development Division in the Trade and Agriculture Directorate of the Organization for Economic Cooperation and Development (OECD). Prior to joining the OECD in January 2010 he was the Eni Professor of International Economics at The Johns Hopkins University, SAIS-Bologna.; Nicholas Sly is an Assistant Professor of Economics at the University of Oregon.; Shujiro Urata is Professor of
Economics at Graduate School Asia-Pacific Studies, Waseda University, Faculty Fellow at the Research Institute of Economy, Trade and Industry, Research Fellow at the Japanese Center for Economic Research, and Senior Research Advisor, Economic Research Institute for ASEAN and East Asia (ERIA).; Ganeshan Wignaraja has been on the staff of the ADB since 2004 and is presently Principal Economist in the Office of Regional Economic Integration (OREI). He also represents the ADB on the WTO Director-General's Advisory Group on Aid for Trade and at the WTO Committee on Trade and Development.
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INTRODUCTION AND OVERVIEW: By Modechai E. Kreinin, Michigan State University and Michael G.
Plummer, the Johns Hopkins University and OECD
PART I: General Approaches to Commercial Policy
Chapter 1: Free Trade and Its Alternatives
By Sven W. Arndt, Claremont McKenna College
Chapter 2: The International Trading System and Its Future
By Rachel McCulloch, Brandeis University
Chapter 3: Administration of Commercial Policy
By Alfred E. Eckes Jr., Ohio University
Chapter 4: Trade and the Labor Market: Recent Development and New Frontiers
By Carl Davidson, Michigan State University and Nicholas Sly, University of Oregon
Chapter 5: Protection of Agriculture
By Tim Josling, Stanford University
Chapter 6: Theory and Economic Modeling of Regional Trading Agreements
By Modechai Kreinin, Michigan State University and Michael Plummer, the Johns Hopkins University and OECD
Chapter 7: The Ruled-Based Trading System
By Cristiane Carneiro, University of Sao Paulo and Gary Hufbauer, Institute for International Economics
PART II: Country (Regional) Studies
Chapter 8: U.S. Trade Policy Since 1934: An Uneven Path Toward Greater Trade Liberalization
By Robert E. Baldwin, University of Wisconsin
Chapter 9: The European Community Commercial Policy
By Patrick A. Messerlin, University of Paris
Chapter 10: Japan's Commercial Policy
By Masahiro Kawai, ADB Institute, and Shujiro Urata, Waseda University,
Chapter 11: Commercial Policy and Experience in the Giants: China and India
By Ganeshan Wignaraja, Asian Development Bank
Chapter 12: Australian Commercial Policies
By Peter Lloyd, University of Melbourne
Chapter 13: The European Transition Economics
By Torbjörn Becker and Anders Fredriksson, Stockholm School of Economics
Chapter 14: Trade Liberalization in a Small Open Economy: The Case of Israel
By Michael Michaeli, The Hebrew University
Chapter 15: ASEAN Commercial Policy
By Hal Hill and Jay Menon
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The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.
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