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Description:
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.
Praise for Global Trade Policy:
“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. Its applied questions encourage readers into the adventure of seasoned policy evaluation. It is a mature mentor for both activists and analysts.” – 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 (IPR), while remaining grounded in rigorous economics.” – Michael J. Ferrantino
“Unique for its strong focus on important policy questions in international trade and development economics… offers a nice introduction to global trade institutions. The text would be an excellent choice for any course in principles of international trade or international economics relations.” – Keith E. Maskus, University of Colorado at Boulder
Resources for Teachers:
A companion website for Global Trade Policy provides rich tools and resources to support teachers. Explore at John Wiley & Sons, Inc.
Author Bio:
Pamela J. Smith is Associate Professor of Applied Economics at the University of Minnesota, and teaches international trade and policy at both graduate and undergraduate levels.
Citation:
Smith, Pamela J. 2014. Global trade policy: Questions and answers. Chichester, West Sussex, United Kingdom: Wiley-Blackwell.