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The Political Economy of the World Trading System

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Author Info

  • Hoekman, Bernard M.

    (Director, International Trade Department, The World Bank, Washington D.C.)

  • Kostecki, Michel M.

    (Deputy Dean and Professor, Faculty of Economics, University of Neuchatel, Switzerland)

Abstract

The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics and politics of the world trading system. This third edition has been expanded and updated to cover developments in the World Trade Organisation (WTO) since its formation, including the Doha Round, presenting the essentials of trade negotiations and the WTO's rules and disciplines. The authors focus in particular on the WTO's role as the primary organisation through which trading nations manage their commercial interactions and the focal point for cooperation on policy responses to the rapidly changing global trading environment. It is the forum in which many features of the globalisation process are considered, and it currently faces an unprecedented set of challenges. The increasing importance of countries in Asia, Latin America and Africa in international trade relations, the revealed preference towards regionalism, intensification of trade conflicts, the role of business groups and NGOs in trade policy formation and negotiations, and pressures for more leadership in an institution threatened by paralysis are examples of issues that are discussed in some detail; all are critical for the operation of the system and for international business in the coming decade. This edition also includes numerous real-world examples to illustrate how the WTO impinges on business, workers and households, written from the perspective of managers and business associations. An insider's view of the institutional history of the WTO allows the authors to use a variety of conceptual tools to analyse the working of the WTO in a non-technical manner. Suggestions for Further Reading at the end of each chapter and an extensive bibliography make the volume suitable both for introductory and postgraduate courses on international economics and business, international relations, and international economic law.

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Bibliographic Info

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This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199553778 and published in 2009.

Edition: 3
ISBN: 9780199553778
Order: http://ukcatalogue.oup.com/product/9780199553778.do
Handle: RePEc:oxp:obooks:9780199553778

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Web page: http://www.oup.com/

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Citations

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Cited by:
  1. Hoekman, Bernard, 2011. "The WTO and the Doha Round: Walking on Two Legs," World Bank - Economic Premise, The World Bank, issue 68, pages 1-6, October.
  2. Bernard M. Hoekman & Petros C. Mavroidis, 2013. "Bite the Bullet: Trade Retaliation, EU Jurisprudence and the Law and Economics of 'Taking One for the Team'," RSCAS Working Papers 2013/32, European University Institute.
  3. Bagwell, Kyle & Staiger, Robert W., 2010. "Backward stealing and forward manipulation in the WTO," Journal of International Economics, Elsevier, vol. 82(1), pages 49-62, September.
  4. Bernard M. Hoekman, 2013. "Global Governance of International Competitiveness Spillovers," RSCAS Working Papers 2013/33, European University Institute.
  5. Gawande, Kishore & Hoekman, Bernard & Cui, Yue, 2011. "Determinants of trade policy responses to the 2008 financial crisis," Policy Research Working Paper Series 5862, The World Bank.
  6. Erik der Marel & Sébastien Miroudot, 2014. "The economics and political economy of going beyond the GATS," The Review of International Organizations, Springer, vol. 9(2), pages 205-239, June.
  7. Nicita, Alessandro & Olarreaga, Marcelo & Silva, Peri, 2013. "Cooperation in WTO's Tariff Waters," CEPR Discussion Papers 9529, C.E.P.R. Discussion Papers.
  8. Richard Baldwin, 2014. "WTO 2.0: Governance of 21st century trade," The Review of International Organizations, Springer, vol. 9(2), pages 261-283, June.
  9. Bernard M. Hoekman, 2013. "Multilateral Institutions and African Economic Integration," RSCAS Working Papers 2013/67, European University Institute.
  10. Bernard Hoekman, 2014. "Sustaining multilateral trade cooperation in a multipolar world economy," The Review of International Organizations, Springer, vol. 9(2), pages 241-260, June.
  11. Bernard M. Hoekman & Petros C. Mavroidis, 2013. "WTO 'à la carte' or WTO 'menu du jour'? Assessing the case for Plurilateral Agreements," RSCAS Working Papers 2013/58, European University Institute.
  12. Bernard Hoekman & Will Martin, 2012. "Reducing Distortions in International Commodity Markets," World Bank Other Operational Studies 10041, The World Bank.
  13. Bernard Hoekman, 2013. "Sustaining Multilateral Trade Cooperation in a Multipolar World Economy," RSCAS Working Papers 2013/86, European University Institute.

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