There are many textbooks devoted to international trade but few volumes that survey trade theory, policy, and negotiations in a concise, up-to-date manner from an interdisciplinary perspective. This book provides a comprehensive overview of the issues that dominate both academic discourse and the policymaking arena in the field of international trade, bringing to bear the insights of economics, law, and political science. It also stands out by virtue of its emphasis on the development implications of trade, an increasingly useful perspective given the deepening liberalization of developing and emerging market economies and their growing importance in the world economy. The volume examines the full range of trade policy topics that dominate contemporary debates, such as rules of origin, trade in services, competition, public procurement, and trade facilitation, plus emergent controversial topics like trade-related labour standards and environmental issues. It analyses the international trade architecture and the institutional and practical aspects of policymaking and negotiations at the unilateral, multilateral, and regional level, as well as the effects of trade on economic growth, inequality, and poverty. It also explores the sharp increase in the number of preferential trade agreements and their significance for the global trade system. The treatment of each issue is rigorous, yet highly accessible to anyone with a basic background in economics, law, and international political economy.
1. Introduction and Overview ; PART I: THE GLOBAL TRADING SYSTEM ; 2. The Multilateral Trading System ; 3. Preferential Trade Agreements ; PART II: INTERNATIONAL TRADE THEORY ; 4. Comparative Advantage: The Ricardian and Heckscher-Ohlin Theories ; 5. Trade and the Gains from Trade in the Presence of Decreasing Costs and Imperfect Competition ; PART III: TRADE POLICY AND TRADE LIBERALIZATION ; 6. Instruments of Trade Policy ; 7. Tools for Applied Trade-Policy Analysis: An Introduction ; 8. The Political Economy of Protectionism ; 9. The Doha Round ; 10. Protective Regimes and Trade Reform ; 11. Protection, Subsidies, and Agricultural Trade ; 12. The Economics of Services Trade: An Overview ; 13. Miracles and Debacles Revisited ; 14. Policy Practices and Institutions for Successful Export Development and Diversification in Developing Countries ; 15. Trade, Poverty, Inequality, and Gender ; 16. Migration: The Globalization of International Labor Flows, Its Causes and Consequences ; PART IV: IMPLEMENTING AND NEGOTIATING TRADING ARRANGEMENTS FOR THE 21ST CENTURY ; 17. Deep Integration in Preferential Trade Agreements ; 18. Rules of Origin ; 19. Regionalism in the Americas at the Turn of the 21st Century: NAFTA and Mercosur ; 20. Safeguards, Anti-dumping, and Subsidies in International Trade Law ; 21. Services Trade Agreements and Negotiations: An Overview ; 22. Public and Private Food Safety Standards: Compliance Costs and Strategic Opportunities ; 23. Intellectual Property Rights: Economic Principles and Trade Rules ; 24. International Investment Agreements: Investor Protections and Foreign Direct Investment ; 25. Dispute Settlement in the WTO: A Manual ; 26. Competition Provisions in Regional Trade Agreements: Options for Policymakers ; 27. Public Procurement ; 28. Trade Facilitation ; 29. Trade and Environment ; 30. International Trade and Labor Standards.