Emerging Powers and the World Trading System

2021-07-22
 |  Law
Emerging Powers and the World Trading System

Author: Gregory Shaffer

Publisher: Cambridge University Press

ISBN: 9781108858496

Category: Law

Page:

View: 357

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Victorious after World War II and the Cold War, the United States and its allies largely wrote the rules for international trade and investment. Yet, by 2020, it was the United States that became the great disrupter – disenchanted with the rules' constraints. Paradoxically, China, India, Brazil, and other emerging economies became stakeholders in and, at times, defenders of economic globalization and the rules regulating it. Emerging Powers and the World Trading System explains how this came to be and addresses the micropolitics of trade law – what has been developing under the surface of the business of trade through the practice of law, which has broad macro implications. This book provides a necessary complement to political and economic accounts for understanding why, at a time of hegemonic transition where economic security and geopolitics assume greater roles, the United States challenged, and emerging powers became defenders, of the legal order that the United States created.

Emerging Powers in the WTO

2013-11-29
 |  Business & Economics
Emerging Powers in the WTO

Author: C. Michalopoulos

Publisher: Springer

ISBN: 9781137297082

Category: Business & Economics

Page: 278

View: 316

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This volume examines the main factors for developing country trade performance in the last thirty years, their own trade policies, market access issues they face, and their increasingly more effective participation in the WTO and the Doha Round of multilateral trade negotiations.

The WTO Dispute Settlement Mechanism

2019-04-09
 |  Law
The WTO Dispute Settlement Mechanism

Author: Alberto do Amaral Júnior

Publisher: Springer

ISBN: 9783030032630

Category: Law

Page: 391

View: 578

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This book offers a multidisciplinary approach to the Dispute Settlement Mechanism (DSM) by bringing together contributions from legal scholars and political scientists. Most of the authors belong to a tightly knit legal epistemic community, trained at the University of São Paulo and at the top-ranked research and policy centers on WTO law in Europe. Presenting a novel and unique perspective on the DSM, it provides an analysis of current themes at the heart of the WTO Dispute Settlement Mechanism through the lenses of scholars with a “developing country” perspective. Focusing on assessment, substance, and process, it presents a three-fold approach to the analysis and offers a singular contribution to the scholarly literature on the WTO. The book discusses the topic from the viewpoint of individuals deeply involved in the scholarly production as well as the daily operation of the mechanism. The contributors include academics in the fields of international economic law and political science, diplomats, individuals engaged in legal private practice, and individuals affiliated with the WTO as well as WTO-related think tanks. The result is a balanced perspective on pressing issues that have arisen and that are likely to remain at the center of the scholarly and policy debate for years to come.

Leadership and Change in the Multilateral Trading System

2009
 |  Political Science
Leadership and Change in the Multilateral Trading System

Author: Amrita Narlikar

Publisher: Republic of Letters

ISBN: 9089790101

Category: Political Science

Page: 268

View: 895

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Studies in International Institutional Dynamics, 2 (International Studies Library, 18) This volume presents an authoritative and cutting-edge account of the evolving multilateral trading system and the challenges that it faces today. It focuses on details affecting the Doha negotiations and also addresses broader themes of leadership, changing balances of power, and institutional limitations of the WTO. Six country-cases of the established and rising powers, along with two chapters on the critical intervening variable of coalitions, offer new insights into problems and opportunities available in the multilateral trading system. The Introduction and Conclusion, co-authored by the two editors, ensure that the resulting volume will provide an accessible, holistic, and cohesive understanding of leadership and change in the multilateral trading system. Table of Contents Acknowledgements Author biographies 1. Introduction: Global trade governance in a multipolar world, Brendan Vickers and Amrita Narlikar Part I: The Established Powers 2. The EU in the Doha negotiations: A Conflicted leader?, Manfred Elsig 3. US trade Policy and the rise of the big emerging economies, Geoffrey Allen Pigman Part II: Rising powers in a multipolar trading system 4. Brazil's multilateral trade diplomacy in the WTO, Maria Lucia L. M. Pdua Lima 5. Shifting coordinates of India's stance in the WTO: Understanding the domestic and international drivers, Amit Ray and Sabyasachi Saha 6. Reforming the WTO: China, the Doha round, and beyond, Gregory Chin 7. 'Reclaiming development in multilateral trade': South Africa and the politics of the Doha round, Brendan Vickers Part III: Bargaining coalitions in the Doha negotiations 8. A Theory of Bargaining Coalitions, Amrita Narlikar 9. Reflections on the WTO July 2008 collapse: Lessons for developing country coalitions, Faizel Ismail 10. Conclusion: What leadership and what change?, Amrita Narlikar and Brendan Vickers About the Author(s)/Editor(s) Amrita Narlikar is University Senior Lecturer in International Political Economy at the Department of Politics and International Studies, University of Cambridge, and Official Fellow of Darwin College. Her single-authored books include The World Trade Organization: A Very Short Introduction, Oxford: Oxford University Press, 2005 (translated into Chinese and Arabic), and International Trade and Developing Countries: Bargaining coalitions in the GATT and WTO, London: Routledge, 2003. Brendan Vickers, is Senior Researcher in Multilateral Trade at the Institute for Global Dialogue, Johannesburg, South Africa and Research Associate of the Department of Political Science at the University of Pretoria, South Africa. The post-war international architecture was designed and created by the hegemon - the United States. This book is an important addition to a growing literature on the multipolar world. There is still a hegemon, but with less and less power. The post-war partner Europe is more and more concerned with domestic issues. And there is a growing collection of coalitions. Thus, for example, there are the BRICs - Brazil, Russia, India and China - and the BICS - Brazil, India, China and South Africa - and lots of Gs. And BEEs or big emerging economies. Yet no coherent view of the trading system has emerged! There's a famous doggerel from the Bretton Woods negotiations: 'In Washington, Lord Halifax whispered to Lord Keynes, they've got all the money bags and we've got all the brains!' Today, as this excellent collection of studies illustrates, much of the money bags are in, say, China. And the brains are spread out all over the place. This is essential reading to begin to understand the emerging new world order. Or disorder? Sylvia Ostry, Distinguished Research Fellow, Munk Centre for International Studies

International Trade Regulation

2023-03-21
 |  Law
International Trade Regulation

Author: Zhiqiong June Wang

Publisher: Taylor & Francis

ISBN: 9781000875386

Category: Law

Page: 101

View: 864

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The international trade regulatory system is a dynamic system that has been evolving throughout its history. Tension and conflict are part of the system. While calls for the abolition of the principal trade regulation authority, the WTO, have failed to understand this nature of the system, proponents for reforms have so far not paid sufficient attention to the evolving nature of tension and conflict. This book examines the evolving dynamics in international trade regulation from the conclusion of GATT in 1947 to the current crisis facing the WTO, from a perspective of emerging powers of developing countries with a focus of China as the latest force that demands reforms of the international trade regulatory regime. There is an extensive body of scholarship on ideological struggles, the rise of developing countries, geopolitical contest, the emerging powers (especially China), the use, misuse or abuse of trading rules and so on. There is, however, a lack of a single concise research book that synthesises these underlying causes and factors into a coherent and precise analytical theme. This book attempts to fill this research gap by building upon the existing scholarship and placing the various tensions and conflicts in a perspective that treats them as dynamic factors that have propelled a continuing process of evolution of the international trade regulation. The book will interest those researching on international trade regulation as well as development studies.

The New Economic Diplomacy

2016-10-04
 |  Political Science
The New Economic Diplomacy

Author: Nicholas Bayne

Publisher: Taylor & Francis

ISBN: 9781317022879

Category: Political Science

Page: 340

View: 780

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The New Economic Diplomacy explains how states conduct their external economic relations in the 21st century: how they make decisions domestically, how they negotiate internationally and how these processes interact. Although the previous edition, published in 2011, was able to reflect the impact of the financial crisis and the immediate reaction to it, a lot has happened since then, and the atmosphere of economic diplomacy has darkened. To capture the emergence of new trends and the intensification of old ones, the salient features of this new edition are: The advance of China and other emerging powers at the expense of G7 governments, despite some setbacks; Much greater activity in negotiating regional and plurilateral trade agreements, while the multilateral system struggles; The persistence of problems exposed by the financial crisis, notably the long-running euro-zone crisis. The interaction between domestic and external forces: the balance has shifted towards the domestic axis, with international agreement more difficult to achieve. This edition goes further in comparing the practice of different players, to reflect the greater diversity of economic diplomacy. Based on the authors' work in the field of International Political Economy, it is suitable for students interested in the decision-making processes in foreign economic policy, including those studying international relations, government, politics and economics. It will also appeal to politicians, bureaucrats, business people, NGO activists, journalists and the informed public.

Rising Powers and Economic Crisis in the Euro Area

2016-06-15
 |  Political Science
Rising Powers and Economic Crisis in the Euro Area

Author: Ferdi De Ville

Publisher: Springer

ISBN: 9781137514400

Category: Political Science

Page: 155

View: 983

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In this book, Ferdi De Ville and Mattias Vermeiren examine the linkages between the economic crisis in the euro area and the rise of Brazil, India and China (BICs) in the global monetary and trading system. Drawing on the insights of the comparative capitalism literature, the authors show that the latter development has been a key source of the escalation of trade imbalances in the euro area, which are widely seen as an important cause of the financial and economic crisis in the region. By pointing to the external source of these imbalances and the divergent institutional capacity of the euro area countries to deal with the intensified competition associated with the rise of the BICs, De Ville and Vermeiren go beyond the focus on the divergence in unit labor costs as the driving force of these imbalances. As such, this book provides a comprehensive policy critique of the EU’s export-led growth strategy based on declining unit labor costs.

Power and the Governance of Global Trade

2010
 |  Political Science
Power and the Governance of Global Trade

Author: Soo Yeon Kim

Publisher: Cornell University Press

ISBN: 9780801459719

Category: Political Science

Page: 197

View: 99

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In Power and the Governance of Global Trade, Soo Yeon Kim analyzes the design, evolution, and economic impact of the global trade regime, focusing on the power politics that prevailed in the regime and shaped its distributive impact on global trade. Using documents now available from the archives of the General Agreement on Tariffs and Trade (GATT), Kim examines the institutional origins and critical turning points in the evolution of the GATT, as well as preferences of the lesser powers of the developing world that were the subject of heated debate over the International Trade Organization (ITO), which failed to materialize.Using quantitative analysis, Kim assesses the impact of the global trade regime on international trade and finds that the rules of trade forged by the great powers resulted in a developmental divide, in which industrialized countries benefited from trade expansion but developing countries reaped far fewer gains. The findings indicate that a successful conclusion to the Doha Round of the World Trade Organization (WTO) is urgently needed to mitigate the developmental divide by increasing trade between the industrialized and developing worlds.Kim offers a timely reading of the GATT/WTO system as a way to think about how trade and globalization more broadly may be governed in this post-Cold War century, as the global economy contends with a new geopolitical configuration featuring rising powers from the developing world. Important trading nations such as China, India, and other emergent actors in the G-20 countries, Kim argues, reflect the new power politics that will shape the course of global trade governance in the years to come.

Breaking the WTO

2016-08-03
 |  Social Science
Breaking the WTO

Author: Kristen Hopewell

Publisher: Stanford University Press

ISBN: 1503600599

Category: Social Science

Page: 0

View: 648

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The world economic order has been upended by the rise of the BRIC nations and the attendant decline of the United States' international influence. In Breaking the WTO, Kristen Hopewell provides a groundbreaking analysis of how these power shifts have played out in one of the most important theaters of global governance: the World Trade Organization. Hopewell argues that the collapse of the Doha Round negotiations in 2008 signals a crisis in the American-led project of neoliberal globalization. Historically, the U.S. has pressured other countries to open their markets while maintaining its own protectionist policies. Over the course of the Doha negotiations, however, China, India, and Brazil challenged America's hypocrisy. They did so not because they rejected the multilateral trading system, but because they embraced neoliberal rhetoric and sought to lay claim to its benefits. By demanding that all members of the WTO live up to the principles of "free trade," these developing states caused the negotiations to collapse under their own contradictions. Breaking the WTO probes the tensions between the WTO's liberal principles and the underlying reality of power politics, exploring what the Doha conflict tells us about the current and coming balance of power in the global economy.

Power and the Governance of Global Trade

2011-02-23
 |  Political Science
Power and the Governance of Global Trade

Author: Soo Yeon Kim

Publisher: Cornell University Press

ISBN: 0801459710

Category: Political Science

Page: 200

View: 998

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In Power and the Governance of Global Trade, Soo Yeon Kim analyzes the design, evolution, and economic impact of the global trade regime, focusing on the power politics that prevailed in the regime and shaped its distributive impact on global trade. Using documents now available from the archives of the General Agreement on Tariffs and Trade (GATT), Kim examines the institutional origins and critical turning points in the evolution of the GATT, as well as preferences of the lesser powers of the developing world that were the subject of heated debate over the International Trade Organization (ITO), which failed to materialize.Using quantitative analysis, Kim assesses the impact of the global trade regime on international trade and finds that the rules of trade forged by the great powers resulted in a developmental divide, in which industrialized countries benefited from trade expansion but developing countries reaped far fewer gains. The findings indicate that a successful conclusion to the Doha Round of the World Trade Organization (WTO) is urgently needed to mitigate the developmental divide by increasing trade between the industrialized and developing worlds.Kim offers a timely reading of the GATT/WTO system as a way to think about how trade and globalization more broadly may be governed in this post-Cold War century, as the global economy contends with a new geopolitical configuration featuring rising powers from the developing world. Important trading nations such as China, India, and other emergent actors in the G-20 countries, Kim argues, reflect the new power politics that will shape the course of global trade governance in the years to come.