The World Economy E-Book

• Herausgeber: John Wiley & Sons
• Kategorie: Geisteswissenschaft
• Serie: World Economy Special Issues
• Sprache: Englisch

Seitenzahl: 273

Veröffentlichungsjahr: 2012

Beschreibung

This is the eighteenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy.

• Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level

• The 2011 issue analyses global trade policy in areas such as Malaysia, West Africa and China

• Includes a review of antidumping, safeguards and countervailing duties from 1990–2009

• Includes chapters exploring WTO issues, and a special section on agricultural trading issues

• Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews

• A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues

Leseprobe

Table of Contents

Cover

Title page

Copyright page

Notes on Contributors

1 Trade Policy Review – Malaysia 2010

1. INTRODUCTION

2. AN INTRODUCTION TO MALAYSIAN ECONOMY AND POLITICS

3. MALAYSIAN TRADE AND POLICY

4. FOREIGN DIRECT INVESTMENT POLICIES

5. TOURISM AS TRADE IN SERVICES

6. TRADE PARTNERS YESTERDAY, TODAY, TOMORROW

7. CONCLUDING REMARKS

2 China’s Economic and Trade Development: Imbalance to Equilibrium

1. INTRODUCTION

2. A SUCCESSFUL EXAMPLE IN COPING WITH THE GLOBAL FINANCIAL CRISIS

3. IMBALANCE ISSUES EXPOSED DURING THE CRISIS

4. THE LOGIC BEHIND CHINA’S POLICYMAKING

5. STRUCTURAL REFORM FOR THE POST-CRISIS ERA

3 Free Trade in Agriculture and Global Poverty

1. INTRODUCTION

2. WHAT IS AT STAKE? THE INITIAL POSITION OF FARMERS AND THE POTENTIAL BENEFITS OR COST OF AGRICULTURAL DISTORTIONS

3. METHODOLOGY

4. WHAT HAPPENS TO POVERTY AND INCOME DISTRIBUTION WHEN AGRICULTURE TRADE DISTORTIONS ARE REMOVED?

5. CONCLUSIONS AND POLICY MESSAGES

APPENDIX

4 Agricultural Export Subsidies and Domestic Support Reform under the WTO System: What Does It Mean for Welfare in West Africa?

1. INTRODUCTION

2. METHODOLOGY AND DATA

3. POTENTIAL WELFARE IMPACTS

4. CONCLUDING REMARKS

5 Taking Stock of Antidumping, Safeguards and Countervailing Duties, 1990–2009

1. INTRODUCTION

2. THE STOCK OF TEMPORARY TRADE BARRIERS – FROM THE IMPORTING ECONOMY PERSPECTIVE

3. THE GLOBAL ECONOMIC CRISIS OF 2008–09

4. EXPORTERS AND FOREIGN USE OF ANTIDUMPING

5. COUNTERVAILING DUTIES AND SUBSIDIES BEFORE AND AFTER THE CRISIS

6. CONCLUSIONS AND NEW DIRECTIONS FOR RESEARCH

APPENDIX A: METHODOLOGY

APPENDIX B: DATA

6 Special and Differential Treatment of Developing Countries and Export Promotion Policies under the WTO

1. INTRODUCTION

2. WTO REGULATIONS ON EXPORT PROMOTION

3. WTO MEMBERS’ POSITION ON EXPORT PROMOTION IN THE DDA

4. MODIFICATION OF THE EXPORT PROMOTION PROVISIONS IN THE SUBSIDIES CODE

5. CONCLUSIONS

Index

This edition first published 2013

Originally published as Volume 34, Issue 12 of The World Economy

Chapters © 2013 The Authors

Editorial organization © 2013 Blackwell Publishing Ltd

Blackwell Publishing was acquired by John Wiley & Sons in February 2007. Blackwell’s publishing program has been merged with Wiley’s global Scientific, Technical, and Medical business to form Wiley-Blackwell.

Registered Office

John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, United Kingdom

Editorial Offices

350 Main Street, Malden, MA 02148-5020, USA

9600 Garsington Road, Oxford, OX4 2DQ, UK

The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, UK

For details of our global editorial offices, for customer services, and for information about how to apply for permission to reuse the copyright material in this book please see our website at www.wiley.com/wiley-blackwell.

The right of David Greenaway to be identified as the author of the editorial material in this work has been asserted in accordance with the UK Copyright, Designs and Patents Act 1988.

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except as permitted by the UK Copyright, Designs and Patents Act 1988, without the prior permission of the publisher.

Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books.

Designations used by companies to distinguish their products are often claimed as trademarks. All brand names and product names used in this book are trade names, service marks, trademarks or registered trademarks of their respective owners. The publisher is not associated with any product or vendor mentioned in this book. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold on the understanding that the publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional should be sought.

Library of Congress Cataloging-in-Publication Data

9781444367003 (paperback)

A catalogue record for this book is available from the British Library.

Cover design by Workhaus.

Notes on Contributors

Chad P. Bown

World Bank, Washington, DC

Maurizio Bussolo

World Bank, Washington, DC

Rafael De Hoyos

World Bank, Washington, DC

Camilla Jensen

University of Nottingham, Semenyih

Nasra Kara

Open University of Tanzania

Jai S. Mah

Ewha Womans University, Seoul

Denis Medvedev

World Bank, Washington, DC

John Alexander Nuetah

China Agricultural University, Beijing

Xin Xian

China Agricultural University, Beijing

Xianguo Yao

Zhejiang University, Hangzhou, China

Minghai Zhou

Zhejiang University, Hangzhou, China

Ting Zuo

China Agricultural University, Beijing

1

Trade Policy Review – Malaysia 2010

Camilla Jensen and Nasra Kara

1. INTRODUCTION

THE objective with this article is to give an academic analysis and assessment of the trade policy situation facing Malaysia. The starting point for the article is the recently completed WTO Trade Policy Review (WTO, 2010a).

Trade Policy Reviews are conducted on a regular basis for all WTO member countries and applicant countries. Malaysia became a member of the WTO on 1 January, 1995. The first review for Malaysia was conducted in 1993, the last in 2005 (Ramasamy and Yeung, 2007). The present review covers the subsequent five-year period 2005–10. The objective with the Trade Policy Review Mechanism launched back in 1988 is to enhance transparency in the area of trade policy by giving an objective overall assessment of the standing of each country’s trade policy regime on a recurring basis vis-à-vis WTO objectives of achieving global free trade (WTO, 2010b).

The article is organised as follows. We start with an introductory note to the Malaysian context of economic policy. Then, in Section 3, we give a general analysis and overview of Malaysia’s trading regime. A main theme of this section is the ambiguity of Malaysia’s development situation. It is argued that several of the dual economy features may be reinforced by present trade-related policies. Despite this Malaysia has diversified her export base since independence. This is a major strength and adds an important element of flexibility in terms of future avenues for specialisation. In the remainder of the paper, we explore three of the areas that are treated as potential strengths or weaknesses of Malaysia’s present trade and development policies by the WTO in the most recent Trade Policy Review document to demonstrate this point.

In Section 4, foreign direct investment policies are reviewed. We discuss whether the present policies and recent changes in the investment regime have been able to recast the structure of costs and benefits of hosting FDI in Malaysia. Section 5 takes a focus on a particular priority sector for Malaysia, which is tourism. We discuss whether policies to promote tourism are wholehearted. What has Malaysia done to bridge dual structures in this sector? We discuss how the Malaysian government has been quite successful in approaching tourism combining a well-designed public policy framework with the dynamic mindset of private entrepreneurs. Section 6 focuses on Malaysia’s external and regional trade partners and the combined challenges of competing in the Asian region under rapidly changing conditions. A short conclusion follows in Section 7.