International Economics Commons^™

How Do The Asian Economies Compete With Japan In The Us Market, China Exceptional? A Triangular Trade Approach, Hiro Ito, Yushi Yoshida

Economics Faculty Publications and Presentations

Political conflicts among trading partners have changed their forms with ever-increasing flows of foreign direct investment. A decrease in the exports of Japan might merely be a reflection of a global production shift by Japanese multinational corporations. We investigate the effect of Japanese trade on the exports of other countries to the United States in the 1990s. In our sample we include eight Asian countries besides the US and Japan. With the trade data disaggregated at the HS 4-digit level, we regress the exports of an Asian country to the US on the Japanese exports to the US and the …

The Politics Of Wto Enforcement Mechanism, Pao Li Chang

Research Collection School Of Economics

This paper attempts to develop a formal economic framework to analyze the influences of domestic political considerations by democratic governments in shaping the WTO enforcement outcomes following a violation ruling against the defendant. Since a different mix of import and export sectors in the defendant and complainant country will benefit from the various potential enforcement outcomes, they become competing forces which steer the strategic interactions between the disputing governments. The results of the paper illustrate the complainant's strategy in selecting the retaliation list, and the likelihood of the defendant's compliance or compensation in response to the proposed or foreseeable retaliation, …

The Politics Of Wto Enforcement Mechanism, Pao Li Chang

Research Collection School Of Economics

This paper attempts to develop a formal economic framework to analyze the influences of domestic political considerations by democratic governments in shaping the WTO enforcement outcomes following a violation ruling against the defendant. Since a different mix of import and export sectors in the defendant and complainant country will benefit from the various potential enforcement outcomes, they become competing forces which steer the strategic interactions between the disputing governments. The results of the paper illustrate the complainant's strategy in selecting the retaliation list, and the likelihood of the defendant's compliance or compensation in response to the proposed or foreseeable retaliation, …

External Sector Policies In The 2004 Budget, Obadan I. Mike

Bullion

External sector problems have continued to pose serious challenges to economic management in Nigeria. There is the challenge of conducting trade policy within the framework of the World Trade Organisation's [WTO] rules and regulations without compromising the country's short and Iong-term interests. This paper discusses the policy thrusts with respect to three issues in 2004, viz: Trade policy, Exchange rate policy, and External debt management. In the last few years, the government appears to have recognized the need to conduct trade policy, specifically, trade liberalization in a sensible and orderly manner. Hence, the growing effective protection being accorded local industries. …

Respecting, Protecting And Fulfilling Economic And Social Rights: A Un Security Council?, William Felice

Human Rights & Human Welfare

Prepared for presentation at the 2004 International Studies Association Convention. Montreal Quebec, Canada. March 17 – 20, 2004.

Please do not cite this draft manuscript without permission from the author.

This paper may be freely circulated in electronic or hard copy provided it is not modified in any way, the rights of the author not infringed, and the paper is not quoted or cited without express permission of the author. The editors cannot guarantee a stable URL for any paper posted here, nor will they be responsible for notifying others if the URL is changed or the paper is taken …

Un Tren Que Pasa: La Lucha De La Faa Por Alcanzar La Representación En El Mercosur, Heather John

Independent Study Project (ISP) Collection

In response to the Common Market of the South (MERCOSUR) process of regional economic integration which began in 1991, in 1994 national organizations of family farmers from the member countries formed a transnational coalition entitled La Coordinadora de Organizaciones Agricultores Familiares del MERCOSUR (COPROFAM) to represent themselves at the regional level. This study examines the reasons why the Federación Agraria Argentina (FAA), the largest member from Argentina and a longstanding Argentine institution, chose to represent itself as part of a transnational coalition at this regional level. Furthermore, it attempts to answer what the obstacles and successes of COPROFAM have been …

The Empirical Relationship Between Exchange Rates And Interest Rates In Post-Crisis Asia, Hwee Kwan Chow, Yoonbai Kim

Research Collection School Of Economics

In post-crisis Asia, all crisis-hit countries (except Malaysia) announced a shift from exchange rate based monetary policy framework to the explicit adoption of inflation targeting that uses interest rates as the key monetary policy operating instrument. In this study, we examine the empirical relationship between exchange rates and interest rates, and investigate how the dynamics between them have changed following the crisis. This is carried out by constructing a bivariate VAR-GARCH model for each of the four Asian crisis countries, namely Indonesia, Korea, Philippines and Thailand. The findings suggest these countries do not use interest rate policy more actively to …

Trade, Capital Accumulation And Structural Unemployment: An Empirical Study Of The Singapore Economy, Hiau Looi Kee, Hian Teck Hoon

Research Collection School Of Economics

This paper studies the factors responsible for the secular decline of Singapore’s unemployment rate over the period 1966-2000 in an environment of low and stable inflation rates. We introduce wage bargaining and unions into a specific-factors, two-sector economy with an export sector and a non-tradable sector to obtain an endogenous natural unemployment rate. Increases in the relative export price and capital stock in the export sector are predicted to reduce structural unemployment. These hypotheses could not be rejected based on structural estimations and co-integration regressions. Empirically, capital accumulation in the export sector explains most of the decline in Singapore’s unemployment …

Prospects And Problems Of Expanding Trade With Japan: A Survey Of Philippine Exporters, Rosalina Palanca-Tan

Economics Department Faculty Publications

The paper looks at firm-level factors that affect Philippine exports to Japan with the main objective of recommending provisions for the proposed Japan-Philippines Economic Partnership Agreement (JPEPA) that will enable existing and prospective Philippine exporters to fully exploit the potential of the Japanese market. To this end, the study identifies Philippine products with export prospects in Japan and conducts a SWOT (Strengths, Weaknesses, Opportunities, Threats) Analysis of these production sectors. The inability of the Philippine agricultural, processed food and consumer manufactures to successfully tap into the growing import markets of Japan can be traced largely to low quality and price …

Why Is China So Competitive? Measuring And Explaining China's Competitiveness, F. Gerard Adams, Byron Gangnes, Yochanan Shachmurove

Research Collection School Of Economics

This paper evaluates factors responsible for the competitiveness of China in the world economy and relative to its East Asian rivals. China has been highly successful in capturing world export markets. Chinese competitiveness is not just a matter of an undervalued exchange and extremely low labor costs. It reflects primarily the coincidence of favorable cost conditions with improvements in China’s ability to produce products that meet world market specifications. These improvements are closely related to foreign participation in China’s economy through foreign direct investment and joint venture enterprises.

Have U.S. - Japan Trade Agreements Made A Difference?, Byron Gangnes, Craig Parsons

Research Collection School Of Economics

International trade is governed by a complicated patchwork of international treaties, bilateral agreements, and unilateral actions, often directed at trade in very specific commodities. A determination of the impact of trade measures begins with an assessment of their direct effect on trade volumes and prices in targeted sectors. While in some cases—such as the recent U.S. anti-dumping duties on steel—the measures have readily identifiable impacts, in others cases the effects are more difficult to determine.

The Place Of Human Rights Law In World Trade Organization Rules, Stephen Joseph Powell

Stephen Joseph Powell

WTO rules routinely are linked to the inability of nations to make meaningful progress in sharpening environmental and other human rights protections, for example, the failure of the 2002 Johannesburg World Summit on Sustainable Development to usher in any new treaties despite the bright promise of the Rio Earth Summit of the previous decade. The common brief of environmental, medical, and development interest groups is that the market principles of supply and demand, comparative advantage, and non-discrimination on which global trade rules are built have encumbered pursuit by nations of fundamental non-economic objectives that must in any reasoned legal hierarchy …

The Doha Round: Comin' Allve?, Clayton K. Yeutter

Clayton K. Yeutter, U.S. Secretary of Agriculture Papers

May I first pay compliments to the leadership of the Asian Development Bank for hosting this seminar. Asia has a huge stake in the success of the WTO generally, and the Doha Round specifically, but not everyone realizes that. So seminars of this _ nature are terribly important in providing focus to the Doha Round, encouragement to the negotiators, and in building public support for this endeavor. Let's hope we can accomplish those objectives here in Osaka.

Prescriptive Authority: Global Markets As A Challenge To National Regulatory System, David J. Gerber

All Faculty Scholarship

No abstract provided.

“Industrialización Del Sur De Tamaulipas”, Ramiro Esqueda-Walle

Ramiro Esqueda-Walle

El trabajo analiza las características socioeconómicas de la Zona Conurbada del Sur de Tamaulipas, sin embargo, se analiza con mayor profundidad la dimensión regional que presenta Altamira, ya que este municipio sin duda es el que mayor proyección económica tiene por la vocación portuaria e industrial que va adquiriendo paulatinamente.

Agents Cooperation And Network Sustainability: A Note On Social Capital, Massimiliano Mazzanti

Massimiliano Mazzanti

No abstract provided.

Endogeneidad De Los Criterios Del Área Monetaria Óptima. Un Enfoque Alternativo Para El Caso Del Mercosur, Francisco Carlos Ruiz Diaz

Francisco Carlos Ruiz Diaz

Este documento propone para el caso del MERCOSUR, la aplicación de los criterios de endogeneidad como método alternativo de análisis costo-beneficio, el cual difiere de los métodos tradicionales al incorporar los efectos dinámicos en la evaluación de si determinadas zonas se constituyen o no en potencial candidato para ser considerada Área Monetaria Optima. El marco general presentado considera todas las características relevantes de las economías abiertas contrastando los hechos estilizados derivados de las predicciones teóricas de modelos de los Ciclos Económicos Reales Internacionales. Se pone énfasis a la necesidad de dotar al proceso de integración regional de credibilidad institucional lo …

Gender And Corruption In The Public Sector, Omer Gokcekus, Ranjana Mukherjee

Omer Gokcekus

No abstract provided.

Transnational Labor Mobilizing In Two Mexican Maquiladoras: The Struggle For Democratic Globalization, Victoria Carty

Sociology Faculty Articles and Research

The struggle to improve workers' rights in Mexican maquiladoras and export processing zones elsewhere in the world is central to the politics of global economic integration. State-centered development is increasingly compromised by supranational institutions and trade agreements. Meanwhile, multinational corporations are relocating at an unprecedented rate to overseas locations. Export processing zones are notorious for poor working conditions and result in a "race to the bottom." The maquila sector in Mexico is a prime example of this phenomenon. This article uses two case studies to examine ways in which grassroots organizing has successfully resisted low wages and poor working conditions …

Policy Watch: Trade Adjustment Assistance, Katherine Baicker, M. Marit Rehavi

Dartmouth Scholarship

No abstract provided.

The Ethnic Question In Law And Development, Lan Cao

Faculty Publications

No abstract provided.

The Doha Round - 2004 Version, Clayton K. Yeutter

Clayton K. Yeutter, U.S. Secretary of Agriculture Papers

Thank you, Sherman Katz. It is a pleasure always to participate in this CSIS Seminar, which is becoming an annual reunion for former USTRs. Trade is always on the front burner of world affairs, but that burner is especially hot at the moment! And it is as hot here in the U.S. as it is anywhere. So let's turn to the Doha Round of World Trade Organization (WTO) negotiations, and see where we stand.

Vultures Or Vanguards?: The Role Of Litigation In Sovereign Debt Restructuring, Jill E. Fisch, Caroline M. Gentile

All Faculty Scholarship

The market for sovereign debt differs from the market for corporate debt in several important ways including the risk of opportunistic default by sovereign debtors, the importance of political pressures, and the presence of international development organizations. Moreover, countries are subject to neither liquidation nor standardized processes of debt reorganization. Instead, negotiations between a sovereign debtor and its creditors lead to a voluntary restructuring of the sovereign's debt. One of the greatest difficulties in restructuring claims against sovereign debtors is balancing the interests of the majority of the creditors with those of minority creditors. Holdout creditors serve as a check …

Building A Better World, Pierre Landell-Mills

Human Rights & Human Welfare

A review of:

The Global New Deal: Economic and Social Rights in World Politics by William Felice. Lanham, MD: Rowman & Littlefield, 2002. 204pp.

Building A Better Seating Chart For Sovereign Restructurings, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

Every sovereign debt restructuring in recent memory has wrestled with the problem of inter-creditor equity. Governments have discriminated among creditors in ways that were hard to predict and often were not revealed until after a debt default. In contrast, debts of firms, individuals and even localities are ranked in order of priority established by contract and statute. This ranking is known at borrowing, generally corresponds to the order of repayment in bankruptcy liquidation, and helps define the creditors' relative bargaining power in reorganization. Without a bankruptcy backstop, most debts of national governments are legally equal. Yet in practice, sovereign immunity …

Inside The Black Box: How Should A Sovereign Bankruptcy Regime Be Structured?, Patrick Bolton, David A. Skeel Jr.

All Faculty Scholarship

No abstract provided.

The Politics Of Wto Enforcement Mechanism, Pao-Li Chang

Research Collection School Of Economics

This paper attempts to develop a formal economic framework to analyze the influences of domestic political considerations by democratic governments in shaping the WTO enforcement outcomes in the wake of a violation ruling against the defendant. Since a different mix of import and export sectors in the defendant and complainant country will benefit from the various potential enforcement outcomes, they become competing forces which steer the strategic interactions between the disputing governments. The results of the paper illustrate the complainant’s strategy in selecting the retaliation list, and the likelihood of the defendant’s compliance or compensation in response to the proposed …

International Trade And Labor Markets: Theory, Evidence, And Policy Implications, Carl Davidson, Steven J. Matusz

Upjohn Press

Davidson and Matusz develop simple yet compelling models that allow for documented differences in labor markets across countries in order to investigate the impact of trade and trade policies on society's underclass.

Receiving The Headian Legacy: International Lawyers, South-To-North Resource Transfers, And The Challenge Of International Development, Obiora Chinedu Okafor

Articles & Book Chapters

Written over fifteen years ago by Ivan Leigh Head, a highly distinguished Canadian international lawyer, foreign policy expert, and international development thinker, the words contained in the above quotation point firmly at this great man's analytic incisiveness and hint at the sheer depth of his fairness of mind. For although the net transfer of resources from the much poorer geopolitical "South" to a far richer "North" remains to this day one of the most important obstacles to international development, rarely have the dominant accounts of international development given this phenomenon the pride of place that it surely deserves.

Compatibility Of A Western Systemic Approach For Handling Complex, Pluralist And Coercive Problems In Developing Countries: A Case Study Of Micro Satellite Development In Indonesia, Alexander Sudibyo

Theses: Doctorates and Masters

In this era of globalization, there has been much western investment in the eastern world, increasing the number of large projects financed by internal and foreign investments. It was thought a challenging proposition to investigate whether systemic approaches could be used in eastern developing countries that are in transition between Toffler’s first (agricultural focused) and second (industrial centered) waves of economic development.