International Trade: Theory, Strategies, And Evidence

Description:
The field of international trade has been a focus of renewed debate for academics and policy-makers alike. The progressive integration of economics at a worldwide level have led to debates surrounding the migration of labor markets, restrictive trade practices, the impact of foreign investment, the role of cooperation through multilateral and regional agreements, and the enforceability of international agreements. This book reviews the new research findings and theoretical developments that have informed these debates, offering a balanced analytical account of American and European experiences, viewpoints, approaches and policy. Written in six parts, the first part examines the determinants of trade patterns, economic location, foreign investment and the interaction between trade and economic growth. The second part deals with strategic policy interventions. The third part examines the role of innovation, skills and contracts in trade and foreign direct investment. The fourth part focuses on trade reform, trade and investment restrictions and economic sanctions. The fifth part tackles the endogenous formation of policy through the interaction between interest groups and the government, block formation and a host of coexisting trade-restricting and -promoting practices. The sixth part focuses on the economics of the World Trade Organisation, cooperative agreements, and their sustainability. Comprehensive in its approach, this book will be of particular interest to graduate students, policymakers, and practitioners with an interest in international trade.

Table of Contents:
PART I: INTERNATIONAL TRADE MODELING; 1. The Volume and Structure of Trade; 2. Intra-Industry Trade; 3. Trade Empirics; 4. Geography and Location; 5. Migration and Foreign Investment; 6. Growth, Trade, and FDI; PART II: STRATETIC TRADE, COMPETITION, AND ENVIRONMENT; 7. Competition and Rivalry; 8. Strategies and the Mode of Competition; 9. Trade under Asymmetric Information; PART III: INNOVATION, SKILLS, AND CONTRACTS; 10. Innovation, Research, and Learning; 11. Information and Moral Hazard; 12. Networks and Outsourcing; PART IV: LIBERALIZATION, PROTECTION, AND SANCTIONS; 13. Trade Liberalization and Protection; 14. Dumping, Market Access, and Sanctions; PART V: TRADE POLITICS AND REGIONALISM; 15. Trade Politics; 16. Preferential Trade Arrangements; 17. International Economic Politics; PART VI: WTO AND INTERNATIONAL COOPERATION; 18. The Economics of the WTO; 19. Cooperative Agreements