The Political Economy of the World Trading System by Bernard M. Hoekman

The Political Economy of the World Trading System

byBernard M. Hoekman, Michel M. Kostecki

Paperback | November 8, 2009

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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 itsformation, 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 theglobalisation 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 ofbusiness 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 comingdecade. 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 forintroductory and postgraduate courses on international economics and business, international relations, and international economic law.

About The Author

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...

Details & Specs

Title:The Political Economy of the World Trading SystemFormat:PaperbackDimensions:576 pages, 9.69 × 6.73 × 0.07 inPublished:November 8, 2009Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199553777

ISBN - 13:9780199553778

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Table of Contents

Introduction1. The Trading System in Perspective2. The World Trade Organization3. Dispute Settlement and Enforcement of Rules4. Negotiating Forum5. Trade in Goods6. Sector-Specific Multilateral Trade Agreements7. Trade in Services8. Protection of Intellectual Property9. Safeguards and Exceptions10. Preferential Trade Agreements and Regional Integration11. Plurilateral Agreements12. Developing Countries and Economies in Transition13. Towards Deeper Integration? The 'Trade and' Agenda14. Legitimacy, Coherence and Governance15. Where to from Here?Annex 1: GATT/WTO Membership, 2008Annex 2: The Economics of Trade Policy-Basic ConceptsBibliography