International trade continues to expand robustly in East Asia and elsewhere, but global trade negotiations have collapsed and globalization is widely criticized.
In this book, the participants of the thirtieth Pacific Trade and Development Conference—including the then-Director General of the World Trade Organization, and leading government officials, academics and executives from a dozen major Pacific Rim economies—debate whether global negotiations have ended once and for all, or are suffering temporarily from ‘globalization fatigue;’ whether East Asia’s new regional partnerships will advance or undermine the global trading system; and whether the region’s trade tensions with the United States will intensify or subside. They provide new empirical evidence on how trade affects the distribution of income, the location of pollution-intensive industries, the causes of ‘outsourcing,’ the structure of the intellectual property regime, and international security. And they probe the implications of adjustment to globalization: how can countries reap the benefits of trade while controlling the risks faced by the poor and, perhaps more importantly, the politically strong?
Challenges to the Global Trading System is an invaluable resource for students and scholars of Asia-Pacific studies, international relations and development studies, as well as those with a more general interest in Asian studies.
Table of Contents
Peter Petri and Sumner LaCroix, Introduction Challenges to the Global Trading System
1. Supachai Panitchpakdi, The Challenge of Policy in the Era of Globalization
2. Douglas A. Irwin, Globalization Fatigue, Not Globalization Backlash
3. Yumiko Okamoto, The Emergence of ‘Intra-Mediate’ Trade: Implications for the Asia-Pacific Region
4. Yung Chul Park, Shujiro Urata, and Inkyo Cheong, Inha University, The Political Economy of the Proliferation of FTAs
5. Chad Bown and Rachel McCulloch, Welfare and the Political Economy of Trade in Developed Countries: U.S. Trade Policy Toward China
6. Erlinda Medalla, Does Trade Cause an Environmental Race to the Bottom: Another Look at the Issues
7. Justin Lin and Ying-Yi Tsai, What’s New About Outsourcing?
8. Sumner La Croix and Denise Eby Konan, Is IP Protection Unfair to Developing Countries?
9. Rong-I Wu, Chyuan-Jenq Shiau and Professor Chi-Chen Chiang, Economic Interdependence and Security in the Asia-Pacific
1. Mari Pangestu "Practitioner’s Perspectives on Trade and Development"
2. Lisa Coen, "US Trade Strategy and the Asia-Pacific Region"
3. Geir Haarde, "Balancing Regional and Multilateral Commitments: the Case of Iceland"
4. Doug Bereuter, "Globalization and Politics"
1. Narongchai Akrasanee, "Globalization in the Cyber State"
2. Richard Rosenberg, "California: A Microcosm of Pacific Rim Trade Issues"
3. David McClain, "Globalization at the University of Hawaii"
4. Arthur Goldstein, "Competition and Fairness in the Execution of Globalization"
5. Eng Fong Pang, "International Opportunities and National Choices"
1. Peter Drysdale, "Troubling Directions in Trade Negotiations"
2. Hugh Patrick, "Sustaining the Multilateral Trading System"
3. Peter A. Petri, "Adjustment, Compensation and Contingent Protection"
4. Hadi Soesastro, "First- and Second-order Adjustments to Globalization"
5. Kim Song Tan, "Managing Adjustments to Globalization"
Peter Petri is the Carl J. Shapiro Professor of International Finance at Brandeis University.
Summer La Croix is a Senior Fellow at the East-West Center and professor and chair of the Department of Economics, University of Hawaii.
'The book is a valuable source for scholars and students interested in international trade policy and globalisation, and also a valuable reference for policymakers and business leaders in making trade policy and business decisions.' - Chunlai Chen, The Australian National University - Asian-Pacific Economic Literature