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This book brings together a collection of papers that Robert M Stern and his co-authors have written in recent years. The collection addresses a variety of issues pertinent to the global trading system. One group of papers deals with globalization in terms of what the public needs to know about this phenomenon and the role of the World Trade Organization (WTO), whether some countries may be hurt by globalization, how global market integration relates to national sovereignty, and how and whether considerations of fairness are and should be dealt with in the global trading system and WTO negotiations. A second group of papers consists of analytical and computational modeling studies of multilateral, regional, and bilateral trading arrangements and negotiations from a global and national perspective for the United States and other major trading countries. The remaining papers include an empirical analysis of barriers to international services transactions and the consequences of liberalization, and issues of international trade and labor standards.
List of contents
Globalization: What the Public Needs to Know about Globalization and the WTO; Globalization's Bystanders: Are Countries That Do Not Participate in Globalization Hurt by It?; Global Market Integration and National Sovereignty; Concepts of Fairness in the Global Trading System; Analysis of Multilateral, Regional, and Bilateral Trading Arrangements: Multilateral Trade Negotiations and Preferential Trading Arrangements; An Overview of the Modeling of the Choices and Consequences of US Trade Policies; Issues of Manufactures Liberalization and Administered Protection in the Doha Round; An Assessment of the Economic Effects of the Menu of US Trade Policies; Trade Diversion under NAFTA; The Economic Effects of the Free Trade Agreement between Tunisia and the European Union; A North American Free Trade Agreement: Analytical Issues and a Computational Assessment; Computable General Equilibrium Estimates of the Gains from US-Canadian Free Trade; The Effects of the Tokyo Round on the Structure of Protection; Services Trade: Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization; International Trade and Labor Standards: Pros and Cons of Linking Trade and Labor Standards; The Effects of Multinational Production on Wages and Working Conditions in Developing Countries; US Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor; Labor Standards and International Trade.