The Political Economy of the World Trading System / Edition 3

The Political Economy of the World Trading System / Edition 3

by Bernard M. Hoekman, Michel M. Kostecki
     
 

ISBN-10: 0199553769

ISBN-13: 9780199553761

Pub. Date: 01/18/2010

Publisher: Oxford University Press, USA

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. This third edition has been expanded and updated to cover developments in the World Trade Organisation (WTO) since its formation, including the Doha Round, presenting the essentials of trade

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Overview

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. This third edition has been expanded and updated to cover developments in the World Trade Organisation (WTO) since its formation, including the Doha Round, presenting the essentials of trade negotiations and the WTO's rules and disciplines.

The authors focus in particular on the WTO's role as the primary organisation through which trading nations manage their commercial interactions and the focal point for cooperation on policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalisation process are considered, and it currently faces an unprecedented set of challenges. The increasing importance of countries in Asia, Latin America and Africa in international trade relations, the revealed preference towards regionalism, intensification of trade conflicts, the role of business groups and NGOs in trade policy formation and negotiations, and pressures for more leadership in an institution threatened by paralysis are examples of issues that are discussed in some detail; all are critical for the operation of the system and for international business in the coming decade. This edition also includes numerous real-world examples to illustrate how the WTO impinges on business, workers and households, written from the perspective of managers and business 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 working of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensive bibliography make the volume suitable both for introductory and postgraduate courses on international economics and business, international relations, and international economic law.

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Product Details

ISBN-13:
9780199553761
Publisher:
Oxford University Press, USA
Publication date:
01/18/2010
Pages:
768
Product dimensions:
7.10(w) x 9.80(h) x 1.90(d)

Table of Contents

List of Figures xiii

List of Tables xv

List of Abbreviations xviii

Introduction 1

1 The Trading System in Perspective 7

2 The World Trade Organization 57

3 Dispute Settlement and Enforcement of Rules 84

4 Negotiating Forum 131

5 Trade in Goods 184

6 Sector-Specific Multilateral Trade Agreements 269

7 Trade in Services 317

8 Protection of Intellectual Property 370

9 Safeguards and Exceptions 413

10 Preferential Trade Agreements and Regional Integration 474

11 Plurilateral Agreements 512

12 Developing Countries and Economies in Transition 532

13 Towards Deeper Integration? The 'Trade and' Agenda 582

14 Legitimacy, Coherence and Governance 638

15 Where to from Here? 664

Appendix 1 GATT/WTO Membership, 2008 671

Appendix 2 The Economics of Trade Policy-Basic Concepts 676

Bibliography 700

Index 735

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