ECO 410: International Economics

Drawing on candid accounts from practitioners, producers and industry representatives, this informative and proactive volume investigates the challenges facing todayÕs fair trade movement and provides unique insights into the workings of social and econom

Free Trade Reimagined begins with a sustained criticism of the heart of the emerging world economy, the theory and practice of free trade. Roberto Mangabeira Unger does not, however, defend protectionism against free trade. Instead, he attacks and revises the terms on which the traditional debate between free traders and protectionists has been joined. Unger's intervention in this major contemporary debate serves as a point of departure for a proposal to rethink the basic ideas with which we explain economic activity. He suggests, by example as well as by theory, a way of understanding contemporary economies that is both more realistic and more revealing of hidden possibilities for transformation than are the established forms of economics. One message of the book is that we need not choose between accepting and rejecting globalization; we can have a different globalization. Traditional free trade doctrine rests on shaky empirical and theoretical ground. Unger takes a new approach to show when international trade is likely to be useful or harmful to the socially inclusive economic growth that every nation wants. Another message is that the movement of people and ideas is more important than the movement of things and money, and that freedom to change the institutions defining a market economy is just as important as freedom to exchange goods on the basis of those institutions. Free Trade Reimagined ranges broadly within and outside economics. Presenting technical issues in plain language, it appeals to the general reader. It puts a disciplined imagination in the service of rebellion against the dictatorship of no alternatives that characterizes life and thought today.

The United Statesnbsp;andnbsp;11 other countries from both sides of the Pacific are currently negotiating the Trans-Pacific Partnership (TPP). The agreement is expected to set new benchmark for international trade through its comprehensive coverage of issues and binding regulations. It is expected to eventually mature into a regional trade agreement covering the entire Asia-Pacific. As of now, it does not include China and India, the two largest emerging markets and regional economies. The TPP has generated controversy for its excessive emphasis on trade issues, which have remained unresolved or unaddressed at the WTO due to differences between developed and emerging markets. It has also been criticized for adopting a negotiating style reflecting the US regulatory approach to international trade and also as a geo-political strategy of the US for supporting its strategic rebalancing towards Asia. From both economic and geo-political perspectives, the TPP has various significant implications for China and India that are examined in the book. This book sheds light on how China and India's entries in the TPP are mutually beneficial and how both countries can gain from the TPP by gaining preferential access to large markets and using it as an opportunity for introducing more outward-oriented reforms. The book also cautions that US must reconcile to the rebalancing of economic power within the grouping that will occur following the entries of China and India. Otherwise, the TPP and China and India might walk divergent paths and trade and regional integration in Asia-Pacific may not ever converge. This book will interest anyone who wishes to learn more about thenbsp;TPP and its future implications and challenges and China and India's roles in global and regional trade.

v. 1. Abramovitz-collusion -- v. 2. Command economy-epistemic game theory -- v. 3. Equality-Hennipman -- v. 4. Hermann-Lange -- v. 5. Lardner-network goods (theory) -- v. 6. Neuroeconomics-Raymond -- v. 7. Real balances-stochastic volatility models -- v. 8. Stock price predictability-Zeuthen; Appendices and Index.

This encyclopedia features concise entries providing essential information on a range of subjects, including world affairs, science and technology, the arts, modern and ancient history, religion, sports, and popular culture.

The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. NAFTA continues to be of interest to Congress because of the importance of Canada and Mexico as U.S. trading partners, and also because of the implications NAFTA has for U.S. trade policy. This book provides an overview of North American trade liberalisation before NAFTA, an overview of NAFTA provisions, the economic effects of NAFTA, and policy considerations. It also examines the provisions of the U.S.-South Korea Free Trade Agreement (KORUS FTA) in the context of the overall U.S.-South Korean economic relationship, U.S. objectives, and South Korean objectives. The book examines some of the issues that have arisen during the implementation of KORUS FTA, and analyses the issues related to the proposed Trans-Pacific Partnership (TPP), the state and substance of the negotiations, the specific areas under negotiation, the policy and economic contexts in which the TPP would fit, and the issues for Congress that the TPP presents.

Tariffs and their impact on trade have played a major role in American history since colonial times. The primary issue leading to the separation of the colonies from Great Britain, the tariff has remained one of the most divisive issues in American history. It is also a frequently misunderstood issue. This A-Z encyclopedia, with over 400 entries, provides a comprehensive overview of the people, events, and legislation that have affected tariffs and trade relations from the pre-colonial era to the present. Designed as a tool for students, scholars, and the general public, the book is a useful resource for anyone interested in tariff and trade issues.

The Trans-Pacific Partnership (TPP) is a big deal in the making. With the Doha Round of multilateral trade negotiations at an impasse, the TPP negotiations have taken center stage as the most significant trade initiative of the 21st century. As of December 2012, negotiators have made extensive progress in 15 negotiating rounds since the talks began in March 2010, though hard work remains to finish the deal in the coming year or so. Despite this effort, however, the TPP is not well understood. In part, the reason lies in the dynamism of the TPP initiative. Unlike other free trade pacts, the growing membership as the talks have proceeded and the broad range, complexity, and novelty of the issues on the agenda have made it difficult to track the substantive detail and progress of the talks. This Policy Analysis aims to remedy this problem by providing a reader's guide to the TPP initiative. It first assesses how much the TPP countries are alike and like-minded in their pursuit of a comprehensive trade deal. It then examines the current status of the talks, the major substantive sticking points, and the implications of Canada and Mexico joining the talks as well as prospective membership of other countries. The Policy Analysis then looks ahead to how the TPP could advance economic integration in the Asia-Pacific region and the implications for trade relations with China.