The Clash of Globalizations :Essays on the Political Economy of Trade and Development Policy ( 1 )

Publication subTitle :Essays on the Political Economy of Trade and Development Policy

Publication series :1

Author: Gallagher   Kevin P.  

Publisher: Anthem Press‎

Publication year: 2013

E-ISBN: 9780857283368

P-ISBN(Paperback): 9780857283276

P-ISBN(Hardback):  9780857283276

Subject: F740 国际贸易理论与方法

Keyword: 世界政治,世界各国经济概况、经济史、经济地理

Language: ENG

Access to resources Favorite

Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.

Description

Collecting and synthesizing a series of essays on the political economy of trade and development policy, this book explores the following research questions: to what extent is the global trading regime reducing the ability of nation states to pursue policies for financial stability and economic growth; and what political factors explain such changes in policy space over time, across different types of trade treaties and across nations?   

Chapter

LIST OF TABLES, FIGURES AND BOXES

Chapter 1 INTRODUCING THE CLASH OF GLOBALIZATIONS

Varieties of Globalization and the Trade Regime

More than Market Power at the WTO

The Paradoxical Rise of Regionalism

Note

Chapter 2 LOSING CONTROL: POLICY SPACE TO REGULATE CROSS-BORDER FINANCIAL FLOWS

Introduction

Capital Account Liberalization and Capital Controls: Theory and Evidence

Policy Space for Capital Controls at the WTO

GATS

Capital account liberalization, capital controls and GATS

Capital controls and current transactions

The Balance of Payments Committee

Capital Controls in US Trade and Investment Treaties

Investment provisions in US BITs and FTAs

Capital controls and US BITs and FTAs

“Cooling off” provisions

Illustrative discussion of capital controls and violations of US investment rules

US Investment Provisions versus Others by Major Capital Exporters

OECD Codes

BITs and FTAs for other major capital exporters

Summary and Recommendations for Policy

Chapter 3 THE NEW VULTURE CULTURE: SOVEREIGN DEBT RESTRUCTURING AND INTERNATIONAL INVESTMENT RULES

Should Investment Treaties Govern Sovereign Debt Restructuring?

Debt, Development and Financial Crises

From bailouts

To bail-ins?

Sovereign Debt Restructuring and International Investment Agreements

Jurisdiction

Umbrella clauses

National treatment

Expropriation

Fair and equitable treatment

Transfers

Safeguards

Annexes on sovereign debt restructuring in US IIAs

Limits of the US approach

Summary and Conclusion

Notes

Chapter 4 WHITHER THE DEVELOPMENTAL STATE? INDUSTRIAL POLICY AND DEVELOPMENT SOVEREIGNTY

Introduction

Trade theory and the long run

Getting the political economy right

Testing for Policy Space in the WTO and Beyond

Bilateral agreements in the multilateral system

Goods trade policies

Tariffs

Non-tariff barriers

Incentives for export

Safeguards

North–South models and South–South responses

Trade in services

Sensitive sectors

“Non-tariff barriers” in services: Quota equivalents for services trade

Duties and rights of establishment

Domestic regulation

Human capital development

Services commitments and South–South complacence

Investment

Performance requirements for foreign direct investment

Capital controls and transfer restrictions

Investor-state arbitration

South–South investment liberalization and protection

International intellectual property protection

Patent restriction by industry, origin or duration

Limited plant and animal protection

Information disclosure and “Bolar” provisions

Compulsory licensing

Patent exhaustion

Patent alternatives

South–South responses and the US model

Summary and Conclusions

Notes

Chapter 5 UNDERSTANDING DEVELOPING COUNTRY RESISTANCE TO THE DOHA ROUND

A WTO Round Centered on Development

Shrinking Agendas: Cancun, Stage for Another Grand Bargain?

Hong Kong and beyond: Shrinking gains and real costs

Shrinking gains

Shrinking policy space

NAMA goods trade

Shrinking tariff revenue

Declining terms of trade

Services

Subsidies and Countervailing Measures (SCM)

What Happened in Geneva, July 2008?

Notes

Chapter 6 TRADING AWAY THE LADDER? TRADE POLITICS AND ECONOMIC DEVELOPMENT IN THE AMERICAS

Trade Politics and the Development Process

Macro Impacts of FTAs in the Americas: Stability and Growth

The Microeconomic Costs of FTAs with the US: Endogenous Productive Capacity

The Political Economy of Trade Agreements in the Americas

Hubs and spokes: The rat race for access to the US market

Market power, political power

The “power” of ideas

Dynamic comparative advantage and the collective action problem

Summary

Note

Chapter 7 PUTTING DEVELOPMENT FIRST: TRADE POLICY FOR THE TWENTY-FIRST CENTURY

Re-embedding Liberalism

Four Challenges for the Multilateral Trade Regime

1) Shrinking gains and rising costs of liberalization

2) The rise of the rest

3) Food and climate crises

4) Instability of the global monetary system

Toward a More Responsive Multilateral Trade Regime

Institutional reform

Food

Climate

Finance

REFERENCES

INDEX

The users who browse this book also browse