Handbook of International Trade Agreements: Country, regional and global approaches, 1st Edition (Hardback) book cover

Handbook of International Trade Agreements

Country, regional and global approaches, 1st Edition

Edited by Robert E. Looney

Routledge

462 pages

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Description

International trade has, for decades, been central to economic growth and improved standards of living for nations and regions worldwide. For most of the advanced countries, trade has raised standards of living, while for most emerging economies, growth did not begin until their integration into the global economy. The economic explanation is simple: international trade facilitates specialization, increased efficiency and improved productivity to an extent impossible in closed economies. However, recent years have seen a significant slowdown in global trade, and the global system has increasingly come under attack from politicians on the right and on the left. The benefits of open markets, the continuation of international co-operation, and the usefulness of multilateral institutions such as the World Trade Organization (WTO), the International Monetary Fund and the World Bank have all been called into question. While globalization has had a broadly positive effect on overall global welfare, it has also been perceived by the public as damaging communities and social classes in the industrialized world, spawning, for example, Brexit and the US exit from the Trans-Pacific Partnership.

The purpose of this volume is to examine international and regional preferential trade agreements (PTAs), which offer like-minded countries a possible means to continue receiving the benefits of economic liberalization and expanded trade. What are the strengths and weaknesses of such agreements, and how can they sustain growth and prosperity for their members in an ever-challenging global economic environment?

The Handbook is divided into two parts. The first, Global Themes, offers analysis of issues including the WTO, trade agreements and economic development, intellectual property rights, security and environmental issues, and PTAs and developing countries. The second part examines regional and country-specific agreements and issues, including NAFTA, CARICOM, CETA, the Pacific Alliance, the European Union, EFTA, ECOWAS, SADC, TTIP, RCEP and the TPP (now the CPTPP), as well as the policies of countries such as Japan and Australia.

Table of Contents

Contents

Preface

Acknowledgements

The Editor and Contributors

Preface

Acknowledgements

Acronyms and Abbreviations

Part I

Global Themes

1. Introduction

Robert E. Looney

2. Regional trade agreements: Myths and misconceptions

Kati Suominen

3. The WTO and Regional/Bilateral Trade Agreements

Kimberly Ann Elliott

4. International Agreements on Intellectual Property Rights: TRIPS and Beyond

Keith E. Maskus

5. The Spread of International Trade Agreements: A Dynamics Towards The ‘Spaghetti Bowl’ Phenomenon?

Zakaria Sorgho

6. The Economic Effects of FTAs

Holger Breinlich

7. Trade Agreements and Economic Development

Christopher Stevens

8. The Investment Component of Trade Agreements

Wolfgang Alschner

9. Trade Agreements and National Security: An Economic Approach

Ryan Garcia and Jonathan Lipow

10. Economic Reform and Service Liberalization in Developing Countries: Can Preferential Trade Agreements Help?

Leonardo Baccini

11. Gender Rights and Trade Agreements

Sophia Price

12. Trade Agreements and the Environment

Inkyoung Kim

13. Neoliberal Globalization and Its Opponents

Anne L. Clunan

Part II

Regional/Country Analysis

14. NAFTA

Robert A. Blecker

15. CAFTA-DR: Diverging Trajectories and Uneven Development

Mary Finley-Brook

16. CARICOM

Lester Henry

17. Mexico’s Approach to Preferential Agreements

Luz Maria de la Mora Sanchez

18. CETA

Kurt Hubner

19. Mercosur

Walter Antonio Desiderá Neto

20. The Pacific Alliance

Gian Luca Gardini

21. ALBA

Asa Cusack

22. The European Union

Christian Schweiger

23. TTIP

Christoph Scherrer

24. EFTA

Marius Vahl and Aslak Berg 25. Eastern Partnership Countries

Immaculada Martínez-Zarzoso

26. Trade Agreements and Regional Integration: The European Union After Brexit

Annette Bongardt and Francisco Torres

27. The GCC Trade Agreements: Regional Integration Challenges and Opportunities

Joseph A. Kéchichian

28. Liberalization Without Integration: Egypt and PTAs (1990-2010)

Amr Adly

29. The African Union and the European Union: Trade Reciprocity and/or Economic Development?

Mark Langan

30. ECOWAS: An Economic Commitment that needs Political Strengthening

Osaore Aideyan

31. The SADC: Towards a Deeper and Wider Union?

Donald L. Sparks

32. COMESA: A Case Study

B. Seetanah, RV Sannassee, S. Fauzel and Paul Okiira Okwi

33. The RCEP and Asian Economic Integration

Ganeshan Wignaraja

34. The TPP: Origins and Outcomes

Jeffrey J. Schott

35. Japan’s Approach to PTAs

Gregory P. Corning

36. Australia’s Approach to PTAs

Richard Pomfret

About the Editor

Robert E. Looney is a Distinguished Professor in the National Security Affairs Department at the Naval Postgraduate School, Monterey California, USA. He received his PhD in Economics from the University of California, Davis. He specializes in issues relating to economic development in the Middle East, Latin America and Africa. He has published 22 books, including: Economic Policymaking in Mexico: Factors Underlying the 1982 Crisis (Duke University Press), and Iraq’s Informal Economy: Reflections of War, Sanctions and Policy Failure (The Emirates Center for Strategic Studies and Research). He has also edited four Routledge International Handbooks: Handbook of US-Middle East Relations (2009), Handbook of Oil Politics (2012), Handbook of Emerging Economies (2014), and Handbook of Transitions to Energy and Climate Security (2016). He is also the editor of the Routledge Europa Emerging Economies series.

About the Series

Routledge International Handbooks

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Subject Categories

BISAC Subject Codes/Headings:
POL011020
POLITICAL SCIENCE / International Relations / Trade & Tariffs
REF000000
REFERENCE / General