The Political Economy of the World Trading System
3rd Edition
Published on 29. October 2009
Book
Hardback
768 pages
978-0-19-955376-1 (ISBN)
Description
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.
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.
More details
Edition
3rd Revised edition
Language
English
Place of publication
Oxford
United Kingdom
Target group
College/higher education
Professional and scholarly
Academics and students of Economics, International Relations and International Economic Law, particularly those studying international trade and WTO issues. Practitioners and journalists in the area of trade policy.
Edition type
Revised edition
Illustrations
40 Figures, 43 Tables
Dimensions
Height: 250 mm
Width: 175 mm
Thickness: 45 mm
Weight
1477 gr
ISBN-13
978-0-19-955376-1 (9780199553761)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Bernard M. Hoekman | Michel M. Kostecki
The Political Economy of the World Trading System
Book
10/2009
3rd Edition
Oxford University Press
€82.94
Shipment within 15-20 days
Bernard M. Hoekman | Michel M. Kostecki
The Political Economy of the World Trading System
E-Book
10/2009
3rd Edition
OUP eBook
€59.49
Available for download
Previous edition
Book
09/2001
2nd Edition
Oxford University Press
€28.47
Article exhausted; check for reprint
Persons
Bernard Hoekman manages the World Bank's international trade department. Prior positions at the World Bank include Research Manager of the trade and international integration program in the Development Research Group, leading the trade capacity building program of the World Bank Institute and working as a trade economist in the Middle East/North Africa and Europe and Central Asia departments. He has published widely on the functioning of the multilateral trading system, trade in services, preferential trade agreements and trade and investment policy. Between 1988 and 1993 he worked as a research economist in the GATT Secretariat in Geneva. He is a graduate of the Erasmus University Rotterdam, holds a Ph.D. in economics from the University of Michigan and is a Research Fellow of the London-based Centre for Economic Policy Research.
Dr. Michel Kostecki is Professor and Deputy Dean of the Faculty of Economics of the University of Neuchatel, Switzerland. He has been founding director of The Enterprise Institute at the same university and directed the joint doctoral program in Administrative Sciences of the French-speaking Swiss universities. He completed his PhD at the Graduate Institute of International Studies in Geneva and worked at the Institute of Operations Research and Applied Mathematics at the University of Zurich. During the Uruguay Round Professor Kostecki was Counsellor in the GATT (now WTO) secretariat. He was Professor of Business Economics at the Universite de Montreal (HEC) in Canada and Investment Manager at a financial company of one of the leading German banks. He has published extensively on international trade and business, acted as consultant to organisations such as ASEAN, ICTSD, ITC, OECD, UNCTAD, World Bank, WTO, various ministries and multinational companies.
Dr. Michel Kostecki is Professor and Deputy Dean of the Faculty of Economics of the University of Neuchatel, Switzerland. He has been founding director of The Enterprise Institute at the same university and directed the joint doctoral program in Administrative Sciences of the French-speaking Swiss universities. He completed his PhD at the Graduate Institute of International Studies in Geneva and worked at the Institute of Operations Research and Applied Mathematics at the University of Zurich. During the Uruguay Round Professor Kostecki was Counsellor in the GATT (now WTO) secretariat. He was Professor of Business Economics at the Universite de Montreal (HEC) in Canada and Investment Manager at a financial company of one of the leading German banks. He has published extensively on international trade and business, acted as consultant to organisations such as ASEAN, ICTSD, ITC, OECD, UNCTAD, World Bank, WTO, various ministries and multinational companies.
Content
Introduction ; 1. The Trading System in Perspective ; 2. The World Trade Organization ; 3. Dispute Settlement and Enforcement of Rules ; 4. Negotiating Forum ; 5. Trade in Goods ; 6. Sector-Specific Multilateral Trade Agreements ; 7. Trade in Services ; 8. Protection of Intellectual Property ; 9. Safeguards and Exceptions ; 10. Preferential Trade Agreements and Regional Integration ; 11. Plurilateral Agreements ; 12. Developing Countries and Economies in Transition ; 13. Towards Deeper Integration? The 'Trade and' Agenda ; 14. Legitimacy, Coherence and Governance ; 15. Where to from Here? ; Annex 1 GATT/WTO MEMBERSHIP, 2008 ; Annex 2 THE ECONOMICS OF TRADE POLICY-BASIC CONCEPTS ; Bibliography