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Introduction to Trade Policy
Synopsis
Introduction to Trade Policy provides a comprehensive overview of the rules and regulations that govern trade flow. It discusses the trade policy formulation process of major international economic players, and analyzes existing trade policy tools that countries may resort to in order to take advantage of the benefits of international trade and to protect themselves against its dangers, as well as their implications for trade policy, law and negotiations.
In Section I, the book explores the ways in which interest groups interact with government and legislators to shape trade policies. By developing an analytical view of trade policy formulation systems in the U.S., European Union, the BRICS countries (Brazil, Russia, India, China and South Africa), Canada, Mexico and Australia, the book will help the reader to gain a better understanding of these countries' trade policy developments and also to apply such learning to the analysis of the trade policy formulation of any other countries. Section II goes on to explain how trade policy tools are used by governments to achieve trade and other policy objectives, while Section III analyses trade in services and the multilateral trade rules on Intellectual Property. Finally, Section IV uses hypothetical case studies in simulation exercises to illustrate trade policy decision-making and trade agreement negotiations in a bilateral, plurilateral and multilateral setting.
This is the ideal introduction to international trade policy formulation for students and professionals in the areas of law, politics, economics and public policy who are seeking to develop a global view of international trade, gain insights into trade negotiations and understand the motivations behind the policies and actions of governments regarding international trade issues. This book is also the ideal companion to any traditional legal casebook on international trade or on international economic law.
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What Reviewers Are Saying
The authors reveal how trade sausages are actually made, not only in the US and EU, but also in emerging nations like Brazil, China and India. An ideal text for students who seek careers as lawyers, lobbyists or officials in the realm of trade policy.
Gary Clyde Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics
At a time when the trading system is under fire from those who would hold it accountable for all the ills of globalization and technological change, there is a need to get back to basics. Aluisio de Lima-Campos and Juan Gaviria have taken on this challenge in this thoughtful and readable analysis of trade policy - what it is, how is it formulated and how does it work - not only for the US but for the EU and several key emerging markets. Introduction to Trade Policy provides a framework and valuable insights to inform the student, as well as, the practitioner.
R. Michael Gadbaw, Adjunct Professor and Distinguished Senior Fellow, Institute of International Economic Law, Georgetown Law School
A comprehensive introduction to trade policy by two very experienced authors. This book will help students to build a foundation in trade issues, and professionals to sharpen and refresh their skills. As trade rises up the agenda, publications like this are increasingly important. They help to increase levels of expertise on this complex but vital subject.
Roberto Azevedo, World Trade Organization Director-General
This book by a distinguished trade authority and practitioner combines intellectual rigor with practical reality. It provides a valuable guide to grade policy and its formulation across the world.
C. Fred Bergsten, Senior Fellow and Director Emeritus, Peterson Institute of International Economics
Trade is of vital importance to the world economy; it is what makes it grow and develop. Yet it is staggering how ill-informed we are about trade policy. Ignorance makes trade subject to dangerous politics. In this book, the authors have provided a highly lucid, holistic, comprehensive and compelling analysis. Let us hope it will be widely read.
Jean-Pierre Lehmann, Emeritus Professor, IMD, Lausanne, Switzerland; Founder of The Evian Group; Visiting Professor Hong Kong University