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<p>Notes on Contributors viii</p> <p><b>Introduction 1</b></p> <p>1 Quo Vadis, Global Trade? 3<br /><i>Andreas Klasen</i></p> <p><b>Part I Foreign Trade in the 21st Century 23</b></p> <p>2 The Global Trade Environment – A New Reality 25<br /><i>Martina Hoppner</i></p> <p>3 On the Remeasurement of International Trade in the Age of Digital Globalisation 47<br /><i>Steffen Groning, Cyrus de la Rubia, and Thomas Straubhaar</i></p> <p>4 Services Trade, Structural Transformation and the SDG 2030 Agenda 79<br /><i>Mina Mashayekhi</i></p> <p>5 Cities and Trade 118<br /><i>Thomas Hoehn</i></p> <p>6 Strategic Trade as a Means to Global Influence 143<br /><i>Rebecca Harding and Jack Harding</i></p> <p><b>Part II Global Governance and International Institutions 173</b></p> <p>7 Is There a Future for Multilateral Trade Agreements? 175<br /><i>Judith Goldstein and Elisabeth van Lieshout</i></p> <p>8 Finance That Matters: International Finance Institutions and Trade 201<br /><i>Steven Beck and Alisa DiCaprio</i></p> <p>9 How Banking Regulators and Trade Ministers are Singing from Different Songbooks 221<br /><i>Diana Smallridge and Jennifer Henderson</i></p> <p>10 Trade and Illicit Flows: A Case Involving the United States, China and Mexico 251<br /><i>Nikos Passas</i></p> <p><b>Part III Global Trade and Regional Development 269</b></p> <p>11 Regional Integration: The Next Wave 271<br /><i>Marion Jansen, Sebastian Klotz, and Jasmeer Virdee</i></p> <p>12 United States: What to Expect from a Protective US Trade Policy 308<br /><i>Erdal Yalcin, Gabriel Felbermayr, and Marina Steininger</i></p> <p>13 Trade and Developing‐Country Exporters: The Case of Latin American and Caribbean Countries 328<br /><i>Banu Demir</i></p> <p>14 Sailing Against the Storm of Protectionism: The Role of the EU in Shaping Global Trade Policy 351<br /><i>Lucian Cernat and Omar Alam</i></p> <p>15 Trade, Global Value Chains and Inclusive Growth in Asia and the Pacific 379<br /><i>Yasuyuki Sawada, Cyn‐Young Park, Fahad H. Khan, and Cindy Jane Justo</i></p> <p>16 Institutional Capacity, Trade and Investment in African Economies 418<br /><i>Roseline Wanjiru and Karla Simone Prime</i></p> <p><b>Part IV Financing Trade 439</b></p> <p>17 Financing Trade: The Role of the WTO and Recent Initiatives 441<br /><i>Marc Auboin</i></p> <p>18 How Trade Finance Works 468<br /><i>Alexander Malaket</i></p> <p>19 Export Credit Arrangements in Capital‐Scarce Developing Economies 494<br /><i>Benedict Okey Oramah</i></p> <p>20 Export Credit Insurance Markets and Demand 536<br /><i>Simone Krummaker</i></p> <p>21 Climate Finance, Trade and Innovation Systems 555<br /><i>Fiona Bannert</i></p> <p>Index 578</p>

<p><b>Dr Andreas Klasen</b> is Professor of International Business and Head of the Institute for Trade and Innovation (IfTI) at Offenburg University, Germany, as well as Visiting Professor at Northumbria University, UK and Honorary Fellow at Durham University, UK. He is co-editor with Fiona Bannert of <i>The Future of Foreign Trade</i> <i>Support</i> (Wiley Blackwell 2015). He was previously Partner and Head of Economics & Policy at PricewaterhouseCoopers and Managing Director of the German Export Credit and Investment Insurance Agency. Dr Klasen's research focuses on trade, innovation, economic development and business ethics.

<p><i>The Handbook of Global Trade Policy</i> offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21^st century foreign trade. <p>Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). <p><i>The Handbook of Global Trade Policy</i> is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.

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