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Improving Trade Policy Reviews in the World Trade Organization
The Trade Policy Review Mechanism (TPRM) was established in 1989 during the Uruguay Round of the General Agreement on Tariffs and Trade (GATT). Now a responsibility of the World Trade Organization (WTO), which replaced the GATT, the TPRM provides mutual surveillance of WTO members' trade policies. Such surveillance provides information on the trade practices of all countries and establishes a forum within which members can question one another's policies.
The International Economy
This text is an introduction to international economics for upper-level undergraduates and above. The first half examines the causes and effects of international trade, how tariffs and other trade policies affect the gains from trade, and the ways in which governments try collectively to regulate those policies. The second half deals with monetary matters--the behavior of exchange rates, how trade and capital flows affect the functioning of monetary and fiscal policies, the causes and management of currency c rises, and the new European monetary union. This fourth edition assesses the outcome of the Uruguay Round of trade negotiations, the work of the new World Trade Organization (WTO), and the challenges posed by regional trade blocs. A problem set follows each chapter.
Development Digest
None
New Perspectives on Global Governance
On its 30th anniversary in 2004 responsibility for hosting the G8 Summit fell into the hands of an allegedly unilateralist America. An America still reeling from the shock of the September 11th terrorist attacks, the resulting economic recession, bitter divisions with its NATO allies and disappointment with the United Nations Institutions over the 2003 Iraq war. So why does America still need the G8? New Perspectives on Global Governance offers new insight into the role of the Group of Eight's major market democracies and challenges the assumption that the G8 is simply a forum for binding a unilateralist hegemonic America. In contrast to seeing the G8 as a means of imposing an American world order this unique collection of new writings suggests that a now vulnerable America must rely on the G8 as a central instrument of foreign policy. America needs the G8 to achieve its security, economic and political interests in the world and to shape the twenty-first central global order it so desperately wants.
