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A succinct and clear introduction to international trade and trade policy

A succinct and clear introduction to international trade and trade policy

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India is the second most populous country in the world. It is also one of the poorest: from the 1940s to 1980, India's per capita income grew at an average annual rate of only 2 percent. Expansionist economic reforms during the 1980s boosted growth, but also resulted in high inflation and a balance of payments crisis. As a consequence, 1991 saw the announcement of sweeping new changes in economic policy. This volume evaluates the effects of th...

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The papers and commentary collected here constitute a vital discussion of contemporary thinking on economic policy reform, in particular the difficulties that leave so much of the world seemingly mired in poverty. Distinguished contributors address issues ranging from education and privatization to exchange rates and telecommunications reform.

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The author considers the implications of deeper integration in the international economy for developing countries. She traces the reasons for the developing countries' reversals of earlier policies and demonstrates the importance of the open trading system for them.

Globalization, by which is meant the increasing economic interdependence among nations, has been a critical ingredient in enabling enormous improvement in mankind's condition. While progress has not always been smooth, and has not come without dislocation for some, the economic policy challenge has been, and is, to enable the realization of the large potential benefits of globalization while simultaneously reducing the negative side effects an...

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In this volume, some of the world's foremost authorities analyze the many challenges and opportunities confronting the WTO, addressing issues such as national policies, labor standards, and the environment. Presuming no technical background in economics, this is a comprehensive introduction to the WTO's place in the global economy and will appeal to anyone interested in world trade."[T]his book is a tour de force, with consistently fine papers...

For the past half century the developing countries have struggled with their relationship to the world trading system, the role of their trade policies in their own economic growth, and the influence of the world economy on their prospects for growth. Until the 1980s, the developing countries were bystanders rather than participants in the design of the international trading system. They followed policies of "import substitution", thereby insu...

This book examines both significant achievements and setbacks in economic policy made in India throughout the 1990s.

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Developing countries typically have wage rates that are a small fraction of those in developed countries. Trade theories traditionally attributed this difference to two factors: the relative abundance of the labor supply in the two countries and the relative value of the goods produced. These factors, however, inadequately explain the full differential in almost every comparison of developed and developing countries since the second World War....

Globalization, by which is meant the increasing economic interdependence among nations, has been a critical ingredient in enabling enormous improvement in mankind's condition. While progress has not always been smooth, and has not come without dislocation for some, the economic policy challenge has been, and is, to enable the realization of the large potential benefits of globalization while simultaneously reducing the negative side effects an...

The author argues that American productivity and living standards, along with those of other countries, will improve only with a renewed commitment to open multilateral trade.