Michel M. Kostecki's Books

The Political Economy of the World Trading System

By: Bernard M. Hoekman,Michel M. Kostecki

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The Political Economy of the World Trading System

By: Bernard M. Hoekman,Michel M. Kostecki

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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Page Count

765

Publisher

OUP Oxford

Published Date

ISBN 10

0191564842

ISBN 13

9780191564840

The Political Economy of the World Trading System : WTO and Beyond

WTO and Beyond

By: Bernard Hoekman,Michel Kostecki

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The Political Economy of the World Trading System : WTO and Beyond

WTO and Beyond

By: Bernard Hoekman,Michel Kostecki

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.

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Page Count

580

Publisher

OUP Oxford

Published Date

ISBN 10

0191522252

ISBN 13

9780191522253

The Political Economy of the World Trading System

By: Bernard M. Hoekman,Michel M. Kostecki

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The Political Economy of the World Trading System

By: Bernard M. Hoekman,Michel M. Kostecki

Average ratings

N/A

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Solve jigsaw puzzle

Age

Page Count

765

Publisher

OUP Oxford

Published Date

ISBN 10

0191564842

ISBN 13

9780191564840

Book's by Michel M. Kostecki

The Political Economy of the World Trading System

The Political Economy of the World Trading System

The Political Economy of the World Trading System : WTO and Beyond

The Political Economy of the World Trading System : WTO and Beyond

The Political Economy of the World Trading System

The Political Economy of the World Trading System

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