With protectionist sentiment and economic nationalism on the rise, international trade and how it is governed is at the heart of some of the most important contemporary economic and political debates.<br /> <br /> Comprehensive and clear, this book skilfully outlines and analyses the dynamics of trade in the 21st century. Ken Heydon examines three broad themes: the nature and distribution of the gains from trade, the institutional and governance framework of the international trade system, and the contentious practical issues confronting policy-makers across the world. He considers pressing contemporary debates surrounding issues ranging from agriculture and food security to the links between trade and environment protection, core labour standards and intellectual property rights. He demonstrates the importance of a change of mindset in terms of how we see trade policy: it should not, he argues, be simply a question of international negotiation, but also a key component of sound domestic economic management. In short, we need to put commerce in context. <br /> <br /> Drawing on the author’s experience as a policy practitioner, trade policy analyst and teacher, the volume is informed by an extensive analysis of the literature and by relevant case studies. It is designed for students and scholars of international political economy and trade policy, trade officials, and the general public.
List of Case Studies<br /> <br /> List of Figures<br /> <br /> Abbreviations<br /> <br /> Structure: The Building Blocks<br /> <br /> Introduction: Echoes of Mercantilism <br /> <br /> Part 1: The Gains from Trade: Winners and Losers<br /> <br /> Chapter 1: The Political Economy of Trade: The Domestic Setting<br /> Chapter 2: Trade, Growth and Development<br /> Chapter 3: Trade, Investment and the Global Value Chain<br /> <br /> Part 2: The Institutional Framework<br /> <br /> Chapter 4: The Systemic Threats to the Multilateral Trading Order<br /> Chapter 5: The Rise of Preferential Trade Agreements<br /> <br /> Part 3: Confronting the Issues<br /> <br /> Chapter 6: Distortions to Trade in Manufactures<br /> Chapter 7: The Special Case of Agriculture <br /> Chapter 8: Negotiating Services and Investment<br /> Chapter 9: Competition Policy and the Role of the Firm<br /> <br /> Chapter 10: Trade Links to Environment, Labour Standards and Property Rights<br /> <br /> Conclusion: Putting Commerce in Context<br /> <br /> Acknowledgements<br /> <br /> Notes<br /> <br /> References<br /> <br /> Index
"[A] well-written introduction to the world trading system as it actually exists today"<br /><i><b>Foreign Affairs</b></i>
<b>Ken Heydon</b> is a former Australian government trade official, senior member of the OECD Secretariat, and Visiting Fellow at the London School of Economics.
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