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Noneconomic Objectives, Global Value Chains And International Cooperation, Bernard M. Hoekman, Petros C. Mavroidis, Douglas R. Nelson
Noneconomic Objectives, Global Value Chains And International Cooperation, Bernard M. Hoekman, Petros C. Mavroidis, Douglas R. Nelson
Faculty Scholarship
Systemic conflicts increasingly affect the global value chains (GVCs) underpinning globalization by creating policy uncertainty and politicizing trade and investment decisions. Unilateral policies to attain competitiveness and noneconomic objectives (NEOs), including national security, create incentives for international cooperation to attenuate policy spillovers. Recent initiatives seeking to do so are organized around supply chain governance and need not be anchored in trade agreements. Whether such cooperation is feasible and can be designed to be effective in realizing NEOs is unclear. Plurilateral GVC-centered cooperation offers a potential path for states to pursue NEOs and reduce policy uncertainty for international business. Research offers …
Building A Good Jobs Economy, Dani Rodrik, Charles F. Sabel
Building A Good Jobs Economy, Dani Rodrik, Charles F. Sabel
Faculty Scholarship
Conventional models are failing throughout the world. In the developed world, the welfare state-compensation model has been in retrenchment for some time, and the drawbacks of the neoliberal conception that has superseded it are increasingly evident. Yet there is no compelling alternative on offer. In the developing world, the conventional, tried-and-tested model of industrialization has run out of steam. In both sets of societies a combination of technological and economic forces (in particular, globalization) is creating or exacerbating productive/technological dualism, with a segment of advanced production in metropolitan areas that thrives on the uncertainty generated by the knowledge economy co-existing …
The Race To The Center And Other Lessons Of Globalization, Jagdish N. Bhagwati
The Race To The Center And Other Lessons Of Globalization, Jagdish N. Bhagwati
Faculty Scholarship
An Interview with Kenta Tsuda, New York, NY, 1 June 2006.
]agdish Bhagwati is a professor of economics and law at Columbia University and senior fellow in international economics at the Council on Foreign Relations. His publications include The Economics of Underdeveloped Countries and In Defense of Globalization. He is the founder of the Journal of International Economics and Economics & Politics.