The political economy of the world trading system : the WTO and beyond

著者

書誌事項

The political economy of the world trading system : the WTO and beyond

Bernard M. Hoekman, Michel M. Kostecki

Oxford University Press, 2001

2nd ed

  • : pbk

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注記

Previous ed.: published as The political economy of the world trading system : from GATT to WTO, 1995

Includes bibliographical references (p. [507]-540) and index

内容説明・目次

巻冊次

: pbk ISBN 9780198294313

内容説明

The creation of the World Trade Organization (WTO) in 1995 ushered in a new era in world trading arrangements. Building on the General Agreement on Trades and Tariffs (GATT), the intergovernmental treaty that for 50 years had regulated international trade relations, the WTO is a global organization of equal standing to the International Monetary Fund and the World Bank, and will set the agenda for international trade for decades to come. The authors of this volume were heavily involved in the Uruguay Round of GATT negotiations that laid the foundations for the creation of the WTO, and were ideally placed to see how the politics of negotiation affects the economics of trade. "The Political Economy of the World Trading System" is the first comprehensive and accessible introduction to the institutional mechanics, economics, and politics of the global trading networks. It goes beyond description of the rules of the WTO to analyse the political and economic forces that sculpted them, the incentives for countries to abide by them, and the likely future direction of the organization. The authors show how governments are not necessarily the social welfare-maximizing entities often found in textbooks, but instead develop policy subject to the pressures of a variety of interest groups. Although economic theory suggests that countries should pursue liberal trade policies and exchange goods and services on the basis of their comparative advantage, in practice most nations actively intervene in international trade. The political economy approach taken in this volume explains how the WTO functions, why GATT has been very successful in reducing tariffs, and why it has proven much more difficult to expand the reach of multilateral disciplines to domestic policies impacting on trade. This book will increase the reader's understanding of international economics, business, and international relations by supplying in-depth insider knowledge of how trade negotiations take place, how this decision-making affects trade policy, and how the multilateral arrangements that shape world trade are created. This information is crucial to understand why WTO rules are phrased as they are, and to understand the processes by which business organizations, industrial associations, and political lobbies influence the multilateral trading system. In this expanded and thoroughly revised edition, the authors have taken account of the recent developments in international trade relations, included an extra chapter on the historical importance of international trading arrangements, and updated all the references and guides to further reading.

目次

  • Introduction
  • PART I. THE GLOBAL TRADING SYSTEM
  • 1. The Trading System in Perspective
  • PART II. THE INSTITUTION
  • 2. The World Trade Organization
  • 3. Dispute Settlement and Enforcement of Rules
  • 4. Negotiating Forum
  • PART III. THE MULTILATERAL TRADE AGREEMENTS
  • 5. Trade in Goods
  • 6. Sector-Specific Multilateral Trade Agreements
  • 7. Trade in Services
  • 8. Intellectual Property Rights
  • PART IV. HOLES AND LOOPHOLES
  • 9. Safeguards
  • 10. Regional Integration
  • 11. Plurilateral Agreements
  • PART V. IMPROVING THE TRADING SYSTEM
  • 12. Developing Countries and Economies in Transition
  • 13. Beyond the Border: Domestic Regulation and National Preferences
  • 14. Domestic Stakeholders, Transparency and Legitimacy
  • 15. Governance, Ownership, Coherence and the Global Public Good
巻冊次

ISBN 9780198294344

内容説明

"The Political Economy of the World Trading System" is a comprehensive textbook account of the economics, institutional mechanics, and politics of the world trading system. The second edition has been expanded and updated to cover the period since the creation of the World Trade Organization in 1995, presenting the essentials of multilateral trade negotiations and the prevailing WTO rules and disciplines. The authors focus in particular on the WTO's role as the primary organization through which trading nations manage their commercial interactions and the focal point for policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalization process are considered, and it currently faces an unprecedented set of challenges. Civil society and developing country demands for greater accountability, access, and balance are discussed in some detail, since these will be critical for the operation of the system and for international business in the years to come. This edition also includes a new chapter and numerous real-world examples to illustrate how the WTO impinges on business, written from the perspective of managers and industry associations. An insider's view of the institutional history of the WTO allows the authors to use a variety of conceptual tools to analyse the negotiational workings of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensive current bibliography make the volume suitable for both introductory and postgraduate courses on international economics and business, international relations, and international economic law.

目次

  • Introduction
  • PART I. THE GLOBAL TRADING SYSTEM
  • PART II. THE INSTITUTION
  • PART III. THE MULTILATERAL TRADE AGREEMENTS
  • PART IV. HOLES AND LOOPHOLES
  • PART V. IMPROVING THE TRADING SYSTEM

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