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Provides a state-of-the-art overview of international trade policy research
The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade.
Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview:
The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.
Dr Andreas Klasen is Professor of International Business and Head of the Institute for Trade and Innovation (IfTI) at Offenburg University, Germany, as well as Visiting Professor at Northumbria University, UK and Honorary Fellow at Durham University, UK. He is co-editor with Fiona Bannert of The Future of Foreign Trade Support (Wiley Blackwell 2015). He was previously Partner and Head of Economics & Policy at PricewaterhouseCoopers and Managing Director of the German Export Credit and Investment Insurance Agency. Dr Klasen's research focuses on trade, innovation, economic development and business ethics.
Notes on Contributors viii
Introduction 1
1 Quo Vadis, Global Trade? 3
Andreas Klasen
Part I Foreign Trade in the 21st Century 23
2 The Global Trade Environment – A New Reality 25
Martina Höppner
3 On the Remeasurement of International Trade in the Age of Digital Globalisation 47
Steffen Gröning, Cyrus de la Rubia, and Thomas Straubhaar
4 Services Trade, Structural Transformation and the SDG 2030 Agenda 79
Mina Mashayekhi Copyrighted Material
5 Cities and Trade 118
Thomas Hoehn
6 Strategic Trade as a Means to Global Influence 143
Rebecca Harding and Jack Harding
Part II Global Governance and International Institutions 173
7 Is There a Future for Multilateral Trade Agreements? 175
Judith Goldstein and Elisabeth van Lieshout
8 Finance That Matters: International Finance Institutions and Trade 201
Steven Beck and Alisa DiCaprio
9 How Banking Regulators and Trade Ministers are Singing from Different Songbooks 221
Diana Smallridge and Jennifer Henderson
10 Trade and Illicit Flows: A Case Involving the United States, China and Mexico 251
Nikos Passas
Part III Global Trade and Regional Development 269
11 Regional Integration: The Next Wave 271
Marion Jansen, Sebastian Klotz, and Jasmeer Virdee
12 United States: What to Expect from a Protective US Trade Policy 308
Erdal Yalcin, Gabriel Felbermayr, and Marina Steininger
13 Trade and Developing‐Country Exporters: The Case of Latin American and Caribbean Countries 328
Banu Demir
14 Sailing Against the Storm of Protectionism: The Role of the EU in Shaping Global Trade Policy 351
Lucian Cernat and Omar Alam
15 Trade, Global Value Chains and Inclusive Growth in Asia and the Pacific 379
Yasuyuki Sawada, Cyn‐Young Park, Fahad H. Khan, and Cindy Jane Justo
16 Institutional Capacity, Trade and Investment in African Economies 418
Roseline Wanjiru and Karla Simone Prime
Part IV Financing Trade 439
17 Financing Trade: The Role of the WTO and Recent Initiatives 441
Marc Auboin
18 How Trade Finance Works 468
Alexander Malaket
19 Export Credit Arrangements in Capital‐Scarce Developing Economies 494
Benedict Okey Oramah
20 Export Credit Insurance Markets and Demand 536
Simone Krummaker
21 Climate Finance, Trade and Innovation Systems 555
Fiona Bannert Index 578
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