Expanding Frontiers of Global Trade Rules: The Political Economy Dynamics of the International Trading System, 1st Edition (Paperback) book cover

Expanding Frontiers of Global Trade Rules

The Political Economy Dynamics of the International Trading System, 1st Edition

By Nitya Nanda

Routledge

196 pages | 10 B/W Illus.

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pub: 2009-11-24
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Description

This book analyses one of the most controversial areas in the political economy of international trade, namely the issues surrounding the creation of new ‘trade rules’. Various concerns are addressed, including the environment, labour standards, intellectual property rights, trade facilitation, competition policy, investment and government procurement, to many conventional trade topics including the trade and development linkage.

Nanda combines theoretical analysis with valuable insights derived from interactions with trade negotiators, politicians and activists, arguing for a dynamic policy framework, particularly in developing countries, with regular upgrading. He questions the effectiveness of the current global trade order in promoting development, highlighting not only the inability of conventional economics to capture the reality of international trade but also the neglect of some basic principles of economics. Nanda also argues that the WTO is not the right forum for addressing development issues because trade liberalization has traditionally been its objective.

Table of Contents

Introduction 1. WTO and Development: It’s All About Mercantilist Game 2. Liberalization of Agricultural Trade: Path to Development or Chasing a Mirage? 3. Deepening of the GATS: Need for Cautious Treading 4. WTO and Trade Facilitation: Some Implications 5. Competition Policy at the WTO: Right Diagnosis but Wrong Prescription 6. Multilateral Framework on Investment: Much Pain Without Gain! 7. As if TRIPS Was Not Enough 8. WTO and Environment: Think Locally, Act Globally? 9. Resisting the Expansion: Experiences and Possible Implications 10. Evolving a Trade Regime for Development: Some Considerations

About the Author

Nitya Nanda is Fellow with the Centre for Global Agreements, Legislation and Trade at The Energy and Resources Institute (TERI) in New Delhi.

About the Series

Routledge Studies in the Modern World Economy

In an increasingly interdependent world, many of the most important issues are driven by economic forces. This series applies newly developed economic techniques to some of the most pressing contemporary problems. The aim of the series is to demonstrate the relevance of modern economic theory to the modern world economy, and to provide key reading for researchers and policy-makers.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS035000
BUSINESS & ECONOMICS / International / General