The World Economy - David Greenaway - E-Book

The World Economy E-Book

David Greenaway

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Beschreibung

This is the seventeenth 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 * 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 * Analyses global trade policy in Turkey, China and The Dominican Republic, and a survey by Tarlok Singh questions whether international trade does cause economic growth * Includes chapters exploring WTO issues, and a section on regional trading agreements

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Seitenzahl: 564

Veröffentlichungsjahr: 2011

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Table of Contents

Cover

Title page

Copyright page

Foreword

Contributors

TRADE POLICY REVIEWS

1 Turkey: Trade Policy Review, 2007

1. INTRODUCTION

2. MAIN DEVELOPMENTS

3. TRADE PERFORMANCE AND INVESTMENT

4. TRADE POLICY

5. TECHNICAL BARRIERS TO TRADE

6. CONCLUSION

2 China Trade Policy Review: A Political Economy Approach

1. INTRODUCTION

2. CHINA’S MACROECONOMY SINCE 2007

3. FOREIGN TRADE AND POLICIES SINCE 2007

4. FACTS REVISITED AND POLITICAL ECONOMY

5. CONCLUSION

3 The Dominican Republic Trade Policy Review 2008

1. INTRODUCTION

2. STRUCTURAL REFORMS AND TRADE LIBERALISATION

3. THE 2008 TRADE POLICY REVIEW

4. POLICY CHALLENGES AND CONCLUDING REMARKS

WTO ISSUES

4 Modelling the Extensive Margin of World Trade: New Evidence on GATT and WTO Membership

1. INTRODUCTION

2. STATE OF THE LITERATURE: OPEN ISSUES

3. A SIMPLE MODEL OF THE EXTENSIVE MARGIN

4. AN EMPIRICAL MODEL

5. DATA AND ECONOMETRIC STRATEGY

6. ESTIMATION RESULTS

7. CONCLUSION

APPENDIX

5 How Effective are WTO Disciplines on Domestic Support and Market Access for Agriculture?

1. INTRODUCTION

2. CURRENT AND PROPOSED WTO RULES FOR AGRICULTURE

3. THE WTO MODALITIES AND DOMESTIC SUPPORT IN NORWAY

4. AN ASSESSMENT OF THE IMPLICATIONS OF THE DOHA MODALITIES FOR NORWAY

5. CONCLUSIONS

6 Why Is the Doha Development Agenda Failing? And What Can Be Done? A Computable General Equilibrium–Game Theoretical Approach

1. INTRODUCTION

2. METHODOLOGY

3. ASSESSING ECONOMIC IMPACTS OF POTENTIAL REFORMS

4. MODELLING THE BARGAINING PROCESS

5. ANALYSING COALITIONS

6. CONCLUDING REMARKS

SURVEY

7 Does International Trade Cause Economic Growth? A Survey

1. INTRODUCTION

2. TRADE AND GROWTH: THE EMPIRICAL EVIDENCE

3. PROTECTIONISM VERSUS TRADE LIBERALISATION: A TALE OF TWO PARADIGMS

4. METHODOLOGICAL AND MEASUREMENT ISSUES

5. CONCLUSIONS

REGIONAL TRADING AGREEMENTS

8 Beyond the WTO? An Anatomy of EU and US Preferential Trade Agreements

1. INTRODUCTION

2. METHODOLOGICAL ISSUES

3. WTO+ AREAS

4. WTO-X AREAS

5. PTAS AND THE WTO – MORE OF THE SAME OR NEW TERRITORIES?

6. CONCLUSIONS

9 Third-country Effects of Regional Trade Agreements

1. INTRODUCTION

2. THEORETICAL FOUNDATIONS FOR TRADE DIVERSION AND TRADE POLICY

3. EMPIRICAL EVIDENCE ON TRADE DIVERSION AND TRADE POLICY

4. NEW EVIDENCE ON DIVERSION AND LIBERALISATION IN RTAS

5. CONCLUSION

10 Dispensing with NAFTA Rules of Origin? Some Policy Options

1. INTRODUCTION

2. FTAs, CUs AND ROO

3. SIMULATION RESULTS: CU VERSUS MULTILATERAL FREE TRADE LIBERALISATION

4. CONCLUSION: POLICY OPTIONS

APPENDIX: ROO LIBERALISATION – MODELLING AND CALIBRATION CHALLENGES

Index

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This edition first published 2011

Originally published as Volume 33, Issue 11 of The World Economy

Chapters © 2011 The Authors

Editorial organization © 2011 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.

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Foreword

Every year The World Economy publishes a Special Issue on developments in global trade policy. It has done so for almost two decades. In terms of coverage there are several elements that repeat each year, most notably the features on WTO Trade Policy Reviews which have been published over the previous year. Other components are driven by topical issues and specially commissioned mini-symposia. It is an issue which receives a lot of attention, so much so that it is subsequently published as a stand-alone book.

Global Trade Policy 2011 includes three new appraisals of WTO Trade Policy Reviews: for Turkey, China and the Dominican Republic. There is also a comprehensive survey of the links between trade policy and economic growth. Either side of that survey are two mini-symposia. The first focuses on WTO / GATT issues, including the stalled Doha Round and modelling the extensive margin of trade; the subject of the second is regional trading arrangements and some of their side effects.

This collection makes for a broadly based Global Trade Policy 2011 and I am grateful both to the authors of the contributions and to Wiley-Blackwell for their expeditious processing of the manuscript.

David Greenaway

University of Nottingham

Contributors

David BlandfordPenn State UniversityAntoine BouëtIFPRI, Washington DCGabriel FelbermayrUniversity of HohenheimCaroline FreundWorld Bank, Washington DCIvar GaaslandIREBA, BergenRoberto GarciaNorwegian University of Life SciencesPatrick GeorgesUniversity of OttawaHenrik HornRIIE, StockholmWilhelm KohlerTubingen UniversityDavid LabordeIFPRI, Washington DCChangyuan LuoFudan UniversityPetros C. MavroidisUniversity of NeuchatesAmelia U. Santos-PaulinoWIDER, HelsinkiAndré SapirUniversite Libre de BruxellerTarlock SinghGriffith University BrisbaneSübidey ToganBilkent University, AnkaraErling VårdalUniversity of BergenJun ZhangFudan University