Evolving patterns in global trade and finance /
In Evolving Patterns in Global Trade and Finance, Professor Sven W Arndt offers succinct and rigorous explanations of important developments in trade, finance and international monetary relations. Topics include economic and monetary integration, cross-border production networks, and stabilization p...
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| Main Author: | |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
New Jersey :
World Scientific,
[2014]
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| Series: | World Scientific studies in international economics ;
39. |
| Subjects: | |
| Online Access: | CONNECT |
Table of Contents:
- About the Author; Table of Contents; Preface; Acknowledgments; Introduction and Overview; Part I: Trade Policy in a Changing Economic Environment; Part II: Fragmentation and Cross-Border Production Networks; Part III: Macro Policy Challenges in Open Economies; Endnotes; References; Part I: Beyond the Standard Trade Model; 1. Free Trade and Its Alternatives; 1. Introduction; 2. The Benchmark Model; The small country in partial equilibrium; The large country in partial equilibrium; Import protection in general equilibrium; Effects of tariffs on factor prices; Non-tariff trade policies.
- Non-trade policiesExport promotion; Export subsidies; Exchange-rate protection; 3. Intra-Industry Trade; Scale economies and product differentiation; Production networks and vertical intra-industry trade and investment; 4. Imperfect Competition; Domestic monopoly; Foreign monopoly; 5. Other Market Distortions; Externalities; Environmental and labor standards; Preferential Free Trade Agreements (PTAs); 6. Concluding Comments; References; 2. On Discriminatory vs. Non-Preferential Tariff Policies; I; II; References; 3. Customs Union and the Theory of Tariffs; I. Large Union: Prohibitive Tariff.
- II. Large Union: NonprohibitiveTariffIII. Customs Union and Alternative Tariff Policies; IV. Conclusion; REFERENCES; 4. Domestic Distortions and Trade Policy; 1. Domestic distortions in a small country; A. Distortions in the tradable goods sector; B. Distortion in non-tradable goods production; 2. The choice of the export commodity; 3. Concluding remarks; REFERENCES; Part II: Fragmentation and Cross-Border Production Networks; 5. Fragmentation; Analytical issues; Foreign direct investment; Multinational companies; Productivity, employment, and wages; Regional integration.
- Fragmentation and interdependenceFurther Reading; 6. Super-Specialization and the Gains from Trade; I. INTRODUCTION; II. SPECIALIZATION BEYOND FINISHED PRODUCTS; A. Output and Employment Effects; B. The Terms of Trade; C. National Welfare; III. CONCLUSION; REFERENCES; 7. Global Production Networks and Regional Integration; 1. INTRODUCTION; 2. TRADE LIBERALIZATION VERSUS ECONOMIC COOPERATION; 3. TRADE CREATION AND DIVERSION UNDERPRODUCTION SHARING; 4. THE EXCHANGE RATE AND THE TRADE BALANCE; 5. PRODUCTION SHARING AND FOREIGN DIRECT INVESTMENT; 6. FIXED VERSUS FLOATING RATES.
- 7. CONCLUDING REMARKSNOTES; REFERENCES; 8. Production Networks in an Economically Integrated Region; I. Introduction; II. Creating a Regional Economy; III. Trade Liberalization versus Market Integration; IV. Varieties of Cross-Border Sourcing; V. Market Opening through Component Specialization; VI. Scale Economies and other Dynamic Elements; VII. Concluding Comments; NOTES; REFERENCES; 9. Trade Diversion and Production Sharing; 1. Introduction; 2. Production Sharing, the Trade Regime, and Welfare; 3. Rules of Origin; 4. Production Sharing and Trade Diversion.
