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WTO and World Trade

Challenges in a New Era

  • Book
  • © 2005

Overview

Editors:
  1. Günter S. Heiduk

    1. Institute for International and Regional Economic Relations, University of Duisburg-Essen, Duisburg, Germany

  2. Kar-yiu Wong

    1. Department of Economics, University of Washington, Seattle, USA

Part of the book series: Contributions to Economics (CE)

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  • 3 Citations

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About this book

Giinter S. Heiduk* and Kar-yiu Wong** * Institute of International and Regional Economic Relations, University of Du- burg-Essen, Campus Duisburg, Germany ** Department of Economics, University of Washington, Seattle, USA The rapid growth of world trade has become one of the most phenomenal features of the international order after the World War. While different countries were - periencing various growth rates of their economies, most of them found out that foreign trade grew much faster than their economies. As a matter of fact, for most economies, foreign trade has been determined to be one of the biggest and the most consistent contributors to economic growth. Nowadays world trade is a very complicated phenomenon because it is not just an economic but also a social, political, environmental, labour, and legal matter. Economists care about world trade because economies are getting more and more open and world trade is related to the properties of open economies. Government planners care about world trade because it is related to many issues that the economies are facing: Resource allocation, income distribution, employment, p- duction, consumption, government revenue, economic growth, and economic w- fare. A right trade policy will enhance the economic welfare and growth of the economy in a more harmonious and equitable way. A wrong policy, however, could spell disaster.

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Table of contents (26 chapters)

  1. Front Matter

    Pages I-VI
    Download chapter PDF

  2. Introduction

    • Günter S. Heiduk, Kar-yiu Wong
    Pages 1-5

  3. Trade Theory

    1. Non-Drastic Technology Transfer in an International Oligopoly

      • Ngo Van Long, Huilan Tian
      Pages 7-30

    2. Comment

      • Theo Eicher
      Pages 31-32

    3. Income Redistribution, Trade Prices, and International Capital in Simulated Trade Models

      • Henry Thompson
      Pages 33-40

    4. Comment

      • Roland Döhrn
      Pages 41-42

    5. On Two Elementary Propositions on Customs Unions

      • Pascalis Raimondos-Møller, Alan D. Woodland
      Pages 43-60

    6. Comment

      • Ian Wooton
      Pages 61-63

    7. Trade with Labor Market Distortions and Heterogeneous Labor: Why Trade Can Hurt

      • Kala Krishna, Abhiroop Mukhopadhyay, Cemile Yavas
      Pages 65-83

    8. Comment

      • Kenzo Abe
      Pages 85-86

    9. The Impact of Intra-Industry Trade on the Environment

      • K. C. Fung, Andréa M. Maechler
      Pages 87-123

    10. Comment

      • Keith E. Maskus
      Pages 125-126

    11. International Business Cycle Transmission in a Dynamic Multi-Sectoral Heckscher-Ohlin Model

      • Julian Emami Namini
      Pages 127-152

    12. Comment

      • Roberto A. de Santis
      Pages 153-155

  4. Trade Policy

    1. Political Support or Contributions: An Empirical Investigation of US Trade Policy

      • Theo Eicher, Thomas Osang
      Pages 157-174

    2. Comment

      • Volker Clausen
      Pages 175-183

    3. Minimum Quality Standard and International Rivalry in Quality and Price

      • Pei-Cheng Liao, Kar-yiu Wong
      Pages 185-212

    4. Comment

      • Ngo Van Long
      Pages 213-214

    5. Reforms of Quantitative Import Restrictions and Fair Wage Unemployment

      • Udo Kreickemeier
      Pages 215-231

    6. Comment

      • Henry Thompson
      Pages 233-234
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Editors and Affiliations

  • Institute for International and Regional Economic Relations, University of Duisburg-Essen, Duisburg, Germany

    Günter S. Heiduk

  • Department of Economics, University of Washington, Seattle, USA

    Kar-yiu Wong

Accessibility Information

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Bibliographic Information

  • Book Title: WTO and World Trade

  • Book Subtitle: Challenges in a New Era

  • Editors: Günter S. Heiduk, Kar-yiu Wong

  • Series Title: Contributions to Economics

  • DOI: https://doi.org/10.1007/b138995

  • Publisher: Physica Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Physica-Verlag Heidelberg 2005

  • Softcover ISBN: 978-3-7908-1579-5Published: 11 April 2005

  • eBook ISBN: 978-3-7908-1630-3Published: 30 March 2006

  • Series ISSN: 1431-1933

  • Series E-ISSN: 2197-7178

  • Edition Number: 1

  • Number of Pages: VI, 324

  • Number of Illustrations: 47 b/w illustrations

  • Topics: International Economics

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