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"Complementing trade theories with relevant trade empirics, this book covers three aspects of the study of International Economics: Pure theory of trade, trade policy, and theory of BoP and exchange rate. In the first part, it discusses the basic principles of international trade between dissimilar countries as well as between similar countries, and implications thereof in terms of welfare, income distribution and growth. In the second part a wide range of policy issues are analyzed including costs and benefits of unilateral trade restrictions and promotions through different instruments like tariff, import quotas, export subsidy and VER; reciprocatory trade policy choices through bilateralism and regionalism; product standards that regulate trade between developed and developing countries; and implications of capital inflow, FDI, fragmentation and global value chains. In the third part, the book discusses different currency and exchange rate regimes and their implications for a country's balance of payments and foreign exchange reserves. Drawing upon the basic theories, it studies expenditure-reducing and expenditure-switching policies to correct for BoP imbalances under a pegged exchange rate regime. Lessons learnt from some of the financial crises originating in the developing world under overvalued pegged exchange rate regimes with or without capital and exchange controls have been analyzed in the context of the Latin American debt crisis in the 1980s, BoP crisis in India in 1991, and the Asian financial crisis during 1997-98. Finally, some reflections on the choice of exchange rate regime and optimum currency area wind up discussions of monetary issues in international economics"--
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This book covers three aspects of the study of International Economics: pure theory of trade, trade policy, and theory of balance of payment and exchange rate.
International relations. --- Coexistence --- Foreign affairs --- Foreign policy --- Foreign relations --- Global governance --- Interdependence of nations --- International affairs --- Peaceful coexistence --- World order --- National security --- Sovereignty --- World politics
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Labour economics --- Foreign trade. International trade --- Economics --- Environmental protection. Environmental technology --- Business policy --- economie --- industrie --- arbeid --- wereldeconomie --- milieuzorg --- internationale economie
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Given the increasing sensitivity of buyers in the richer countries towards quality of goods they consume, low-quality exports largely constrain export-growth of the developing countries. This element documents the attempts to estimate cross-country quality variations and reviews the demand and supply explanations for the low-quality phenomenon.
Exports --- Quality control --- Foreign trade promotion --- Income distribution --- Factory management --- Industrial engineering --- Reliability (Engineering) --- Sampling (Statistics) --- Standardization --- Quality assurance --- Quality of products
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This book was written in honour of Professor Kalyan K. Sanyal, who was an excellent educator and renowned scholar in the field of international economics. One of his research papers co-authored with Ronald Jones, entitled “The Theory of Trade in Middle Products” and published in American Economic Review in 1982, was a seminal work in the field of international trade theory. This paper would go on to inspire many subsequent significant works by researchers across the globe on trade in intermediate goods. The larger impact of any paper, beyond the number of citations, lies in terms of the passion it sparks among younger researchers to pursue new questions. Measured by this yardstick, Sanyal’s contribution in trade theory will undoubtedly be regarded as historic. After completing his Ph.D. at the University of Rochester he joined the Department of Economics at Calcutta University in the early 1980s and taught trade theory there for almost three decades. His insights, articulation and brilliance in teaching international economics have influenced and shaped the intellectual development of many of his students. After his sudden passing in February 2012, his students and colleagues organized a symposium in his honour at the Department of Economics, Jadavpur University from April 19 to 20, 2012. This book, a small tribute to his intellect and contribution, has been a follow-up on that endeavour, and a collective effort of many people including his teachers, friends, colleagues and students. In a nutshell it discusses intermediation of various kinds with significant implications for market integration through trade and finance. That trade can generate many non-trade-service sector links has recently emerged as a topic of growing concern and can trace its lineage back to the idea of the middle product, a recurring concept in Prof. Sanyal’s work.
Methodology of economics --- Economic growth --- Economic policy and planning (general) --- Economic conditions. Economic development --- Foreign trade. International trade --- Developing countries: economic development problems --- Economics --- Business management --- Business economics --- financieel management --- bedrijfseconomie --- economie --- economische politiek --- ontwikkelingssamenwerking --- wereldeconomie --- economische groei --- internationale economie
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This volume offers advanced and contemporary readings in international trade and economic development, constructed on various fundamental topics that define the realm of this subject. It offers systematic coverage of the relevant and state of the art research in trade and development. This includes detailed analysis of important sub-topics, such as, trade and the labour market, trade and public economics, topics in the theory of the second best, foreign aid, factor mobility, regional and global welfare, etc.
International trade. --- Economic development. --- Comerç internacional --- Desenvolupament econòmic
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This book makes an analytical study of implications of the new set of non-tariff barriers that are forthcoming on the exports of the developing countries in the disguise of quality regulations and environmental standards. It argues that in the present era of globalization, with technological revolution in the West raising the demand for skill-intensive, high value-addition and high-quality goods, export-led growth may not be a poverty-reducing strategy in the short run.
Labour economics --- Foreign trade. International trade --- Economics --- Environmental protection. Environmental technology --- Business policy --- economie --- industrie --- arbeid --- wereldeconomie --- milieuzorg --- internationale economie
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This book was written in honour of Professor Kalyan K. Sanyal, who was an excellent educator and renowned scholar in the field of international economics. One of his research papers co-authored with Ronald Jones, entitled “The Theory of Trade in Middle Products” and published in American Economic Review in 1982, was a seminal work in the field of international trade theory. This paper would go on to inspire many subsequent significant works by researchers across the globe on trade in intermediate goods. The larger impact of any paper, beyond the number of citations, lies in terms of the passion it sparks among younger researchers to pursue new questions. Measured by this yardstick, Sanyal’s contribution in trade theory will undoubtedly be regarded as historic. After completing his Ph.D. at the University of Rochester he joined the Department of Economics at Calcutta University in the early 1980s and taught trade theory there for almost three decades. His insights, articulation and brilliance in teaching international economics have influenced and shaped the intellectual development of many of his students. After his sudden passing in February 2012, his students and colleagues organized a symposium in his honour at the Department of Economics, Jadavpur University from April 19 to 20, 2012. This book, a small tribute to his intellect and contribution, has been a follow-up on that endeavour, and a collective effort of many people including his teachers, friends, colleagues and students. In a nutshell it discusses intermediation of various kinds with significant implications for market integration through trade and finance. That trade can generate many non-trade-service sector links has recently emerged as a topic of growing concern and can trace its lineage back to the idea of the middle product, a recurring concept in Prof. Sanyal’s work.
Commerce. --- Economic policy. --- Endogenous growth (Economics). --- Globalization -- Economic aspects. --- Commerce --- Business & Economics --- International Commerce --- Free trade --- Globalization --- Income distribution --- Economic aspects --- Globalization. --- Markets. --- International economics. --- Development economics. --- Economic growth. --- Economics. --- International Economics. --- Economic Policy. --- Emerging Markets/Globalization. --- Economic Growth. --- Development Economics. --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Economic development --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Economic policy, Foreign --- Economic relations, Foreign --- Economics, International --- Foreign economic policy --- Foreign economic relations --- Interdependence of nations --- International economic policy --- International economics --- New international economic order --- International relations --- Economic sanctions --- Public markets --- Fairs --- Market towns --- Global cities --- Globalisation --- Internationalization --- Anti-globalization movement
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