The economic instruments of diplomacy have become increasingly important since the end of the cold war. Filling an important gap in the international trade literature, Economic Diplomacy, Trade and Commercial Policy examines the impact of international diplomacy and economic sanctions on trade and investment.Recognizing the impact of uncertainty on international economic policy, van Bergeijk investigates the trade-off between the peace dividend and the trade dividend since the end of the cold war using an expected utility approach to trade uncertainty. This approach allows him to assess rigorously the determinants of success and failure for the economic instruments of modern diplomacy. Case studies, an extensive review of the literature and empirical investigations of 103 sanctions and the commercial relations of 40 countries vividly illustrate the problems at hand. The author's findings support the need for institutional change in the management of the global economy with the creation of a world trade and investment organization to protect trade against the vagaries of modern politics.
Presenting a unique combination of theory and new empirical findings drawn from international economics and political science, this important book makes a substantial contribution to the analysis of economic sanctions and the impact of modern trade and diplomacy. Successfully bridging the gap between international trade theory and political science, this book will be welcomed by students and researchers in both disciplines.
Rezensionen / Stimmen
'Van Bergeijk's analysis both combines and confronts economic and political themes. In our times, antipodal forces are at work with an uncertain outcome. The analysis which van Bergeijk presents can help one come to grips with this uncertainty.' -- Jan Pen, University of Groningen, the Netherlands
Sprache
Verlagsort
Zielgruppe
Für höhere Schule und Studium
Für Beruf und Forschung
Maße
Höhe: 234 mm
Breite: 156 mm
ISBN-13
978-1-85278-893-3 (9781852788933)
Copyright in bibliographic data is held by Nielsen Book Services Limited or its licensors: all rights reserved.
Schweitzer Klassifikation
Peter A.G. van Bergeijk, Professor of International Economics and Macroeconomics, international Institute of Social Studies, Erasmus University, The Hague, the Netherlands
Economic limits to a modern diplomacy. Part I Positive and negative economic sanctions. Part II Diplomatic barriers to trade. Part III Institutional change.
