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A penetrating look at major challenges to the World Trade Organization and the future of trade liberalization. It also shows how the WTO is moving in a direction at odds with basic democratic principles. The author closes his analysis with some policy recommendations.
A concise introduction to the principles of world economics, Swap is an easy-to-understand resource for a general audience. This brief, practical volume covers the principles of specialization, comparative advantage, deficits, supply chains, labor and environmental standards, trade with the developing world, and more.
In the post-Cold War era, US relations with the two Korean states - the Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK) - have been undergoing profound changes, with critical and immediate repercussions for peace and security in the Korean Peninsula and Northeast Asia. This volume examines the key political, security and economic aspects of US-ROK and US-DPRK relations, focusing on the current status, salient issues and future prospects. Drs Kwak and Joo are distinguished professionals in the field and their volume constitutes a very interesting addition to the available literature.
Environmental activism has most often been credited to grassroots protesters, but much early progress in environmental protection originated in the halls of Congress. As Paul Milazzo shows, a coterie of unlikely environmentalists placed water quality issues on the national agenda as early as the 1950s and continued to shape governmental policy through the early 1970s, both outpacing public concern and predating the environmental movement. Milazzo examines a two-decade crusade to clean up the nation's water supply led by development boosters, pork barrel politicians, and the Army Corps of Engineers, all of whom framed threats to the water supply as an economic rather than environmental proble...
International financial liberalization may alter saving-investment imbalances and patterns of capital flows across countries. In a panel of OECD countries for 1990–96, this study examines how the liberalization of capital movements and financial services trade affects net private capital flows. Capital inflows tend to fall (rise) with the liberalization of commercial presence in banking and securities (insurance) services, possibly reflecting an increase (decrease) in saving. Capital account liberalization is found to stimulate capital inflows, suggesting that better access to external financing helps sustain larger fiscal and current account deficits. When cross-border trade is liberalized, capital flows change insignificantly.