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Global Trade Policy: Questions and Answers, by Pamela J. Smith
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Using a unique, question-based format, Global Trade Policy offers accessible coverage of the key questions in trade and policy; it charts the changing policy landscape and evolving institutional arrangements for trade policies, examines trade theory, and provides students with an economic framework to better understand the current issues in national and international trade policy.
- Uses a unique, question-based format to explore the questions and current debates in international trade policy and their implications
- Explores trade theory to help guide discussions of trade policy, including traditional theories of inter-industry trade, as well as newer theories of intra-industry and intra-firm trade
- Examines the national and international effects of widely used policies designed to directly and indirectly affect trade, and considers the evolving institutional arrangements for these
- Charts the changing policy landscape from traditional trade policies – such as tariffs, quantitative restrictions, and export subsidies – to those including intellectual property rights, labor, the environment, and growth and development policies
- Covers national as well as global perspectives and their interaction, helping to explain opposing views on trade policy and liberalization
- Includes applied exercises enabling students to explore open-ended and realistic questions of policy debate, making it ideal for classroom use; an instructor’s manual and a range of other resources are available at www.wiley.com/go/globaltradepolicy
- Sales Rank: #942127 in Books
- Published on: 2013-09-10
- Original language: English
- Number of items: 1
- Dimensions: 9.60" h x .70" w x 6.75" l, .0 pounds
- Binding: Paperback
- 376 pages
Review
“International economics teaching at the undergraduate and master’s level generally sequences trade theory, trade policy, exchange rate determination and balance of payments, and international monetary adjustment under alternative exchange rate regimes – more or less in that order – with applications to countries, regional arrangements, and institutions brought into the discussion throughout. This clearly written volume focuses on the first two dimensions of international economics in the real-sector context. In chapter 1, Smith (Univ. of Minnesota) covers traditional Ricardian and factor-endowment-based trade models; she develops partial and general trade equilibria in chapter 2 and intra-industry and intra-firm trade in chapter 3. This discussion is thoroughly up-to-date and highlights the gap in conceptual elegance between inter-industry and intra-industry trade models. In part 2, Smith applies partial and general equilibrium constructs to trade policy, starting with tariffs and proceeding to subsidies and quotas and other quantitative restrictions, then compares the welfare consequences of alternative trade interventions. The book’s real value comes in part 4 on the trade consequences of all kinds of domestic policies whose consequences (and often intent) include distorting trade. This covers a “dog’s breakfast” of measures often hard to sort out (e.g., policies on labor standards, the environment, human rights). Summing Up: Highly recommended. Upper-division undergraduate and graduate students.”
– I. Walter, New York University.
(Choice, May 2014)
Review
"Unique for its strong focus on important policy questions in international trade and development economics. It provides comprehensive analysis of issues that generally do not appear in an introductory international economics text, including trade policy equivalence, intellectual property rights, and international trade and its impacts on labor markets and the environment."
—Keith E. Maskus, University of Colorado at Boulder
"This is an excellent and comprehensive treatment of the theory of international trade, trade policies, and institutional issues."
Robert M. Stern, Goldman School, University of California Berkeley
"Strong and subtle symmetry is a very attractive strength of this insightful treatment of modern policy interventions in globalized markets. Its structure is assiduously integrative, almost poetic in its analytics. Its applied questions encourage readers into the adventure of seasoned policy evaluation. It is a mature mentor - more-than-primer - for both activists and analysts, who need to go beyond the elementary anatomy of policy prescription for a global economy."
—J. David Richardson, Syracuse University and Peterson Institute for International Economics
"Pamela Smith fills a long-standing gap for students and policymakers wanting to understand contemporary trade issues like services, labor, and intellectual property rights, while remaining grounded in rigorous economics."
—Michael J. Ferrantino, World Bank
From the Back Cover
In Global Trade Policy, economist Pamela J. Smith explores the key questions raised about global trade and policy today —and the answers that emerge from economic research. During the past two decades, the character of global trade and policy has changed in unprecedented ways. Attention has turned from traditional trade policies —such as tariffs, quantitative restrictions, and export subsidies —to trade related policies including intellectual property rights, labor policies, environmental policies, and growth and development policies. The institutional arrangements for these policies continue to evolve with substantial international debate. Offering accessible coverage for students of economics, business, public policy, and applied economics, this book provides an economic framework for understanding the current policy debates in global trade. Readers are first given background knowledge of trade theory to help guide discussions of trade policy, including traditional theories of inter industry trade, as well as newer theories of intra industry and intra firm trade. They then examine the national and global effects of widely used policies designed to directly affect trade, the indirect impacts of newer trade related policies, and the institutional arrangements for these policies. The distinctive question based format provides an accessible structure for students to grasp the key issues in this field, and the inclusion of reading lists and applied exercises enable them to explore open ended and realistic questions of policy debate.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Practical mathematical models
By Jianqiang Zhao
I am a student who uses this book in class. The book provides very specific mathematical models to illustrate the economic impact on the policies. I would recommend that as the supplement to Krugman's book
0 of 0 people found the following review helpful.
High level theoretical - impeccable source.
By James
I chose this book for my MBA course. I used it as a supplemental book for a section of the course on "theories, institutions and practices of global trade." The book is well written, and it presents a solid theoretical and conceptual base for understanding global trade. It examines actual global trade practices and uses sound theoretical means to develop an understanding of their bases and effects.
The book would be useful for an economics course in global trade, but it is too "theoretical" for use as a primary book in an MBA course. At the same time, it may be just a little elementary for an advanced course in international trade economics.
As a resource, it is great. Its explanations are carefully presented, accurate and impeccably detailed. If used as a source from which to build lectures (which is what I used it for), it can be used with confidence. It has been written by a superb scholar for use by other scholars.
0 of 0 people found the following review helpful.
The tables and illustrations were clear and had excellent writing regarding them in order to make them clear
By Stephen Drill
I was a student in this course and used this textbook. I thought the book was very well written, concise while still providing an inclusive summary at the end of each chapter. The tables and illustrations were clear and had excellent writing regarding them in order to make them clear. This book provided me with the economic framework for understanding global trade policy and has helped me understand some of the current policy debates.
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