Edited by Sisira Jayasuriya, Monash University, Australia
Trade Policy Reforms and Development, comprises 11 essays offering new contributions on the following topics: globalisation and political economy of trade; trade, labour standards and economic crisis; the changing role of the WTO; competition policy and the WTO; choice of formulas for market access negotiations; regionalism and bilateralism in ASEAN; ANZUS free trade agreement; new criteria for optimum currency areas; trade policy and poverty in Asia; impact of agricultural trade reforms on poverty; and recent behaviour of US imports.
The two volumes incorporate major new papers contributed by leading international economists, on a range of topics that reflect the breadth of Professor Lloyd’s own distinguished contributions to the field of international trade and policy during a career spanning over four decades.
This second volume, Trade Policy Reforms and Development, comprises 11 essays offering new contributions on the following topics:
• globalisation and political economy of trade • trade, labour standards and economic crisis • the changing role of the WTO • competition policy and the WTO • choice of formulas for market access negotiations • regionalism and bilateralism in ASEAN • ANZUS free trade agreement • new criteria for optimum currency areas • trade policy and poverty in Asia • impact of agricultural trade reforms on poverty • recent behaviour of US imports.
The diversity of the topics covered by the contributors will appeal to those interested in the global trading system, and to development economists, particularly in Asia.
‘These two volumes, ably organised and edited by Sisira Jayasuriya, are a fitting testimony to the remarkable and consistently high academic productivity of Professor Peter Lloyd over almost four decades. . . The contents are organised around his many and diverse contributions to the fields of international trade theory and policy. . . An excellent short introduction by Sisira Jayasuriya summarises the evolution of Peter Lloyd’s academic career from a “boy from the bush” in New Zealand to a pre-eminent trade economist.’ – Bulletin of Indonesian Economic Studies
‘This is a superb compilation of papers by leading economists on a well-chosen range of topics in international economics. The collection as a whole offers a good balance of theory, quantitative analysis and policy. A fitting tribute to a great economist – Peter Lloyd, and a must read for academic economists and practitioners alike.’ – Prema-chandra Athukorala, Australian National University
‘Peter Lloyd has been a prolific and influential contributor to international trade theory and to rigorous policy analysis in several fields, mostly in applied microeconomics. Here is an impressive collection of papers on trade theory and his other interests by leading economists written in his honour.’ – W. Max Corden, The Johns Hopkins University, US
‘33 distinguished contributors spread across four continents are to be congratulated for these high-quality and stimulating sets of essays. The range of issues covered is remarkably comprehensive: trade theory and policy; trade and market structure; WTO issues, trade negotiations and regional integration; trade and poverty; political economy; and empirical investigations. The essays are a fitting testimony to the consistently creative, rigorous and path-breaking work of Peter Lloyd in these and related areas over a period spanning nearly 40 years.’ – Hal Hill, Australian National University
Contributors: K. Anderson, S.Y. Chia, J. Francois, H. Grubel, A.L. Hillman, M.E. Kreinin, V. Manole, W. Martin, K.E. Maskus, M. Pangestu, M. Richardson, G.P. Sampson, K.M. Vautier, P. Warr, N. Winchester
Contents: Introduction Part I: Political Economy 1. Globalization and the Political Economy of International Trade Policy Part II: WTO Issues and Trade Negotiations 2. The Economic Crisis, Labour Standards and Trade Performance in East Asia 3. Challenges Facing the WTO: Determining its Role in International Affairs 4. The Interaction between Trade and Competition Policy: Post-Doha Communications to the WTO Working Group 5. Choosing Formulas for Market Access Negotiations: Efficiency and Market Access Considerations Part III: Regional Integration 6. Regionalism and Bilateralism in ASEAN 7. ANZUS Free Trade Agreements: Results from a Global Model 8. New Criteria for Optimum Currency Areas Part IV: Trade and Poverty Reduction 9. Agricultural Trade Reform and Poverty Reduction in Developing Countries 10. Industrialization, Trade Policy and Poverty Reduction: Evidence from Asia Part V: Empirical Investigations in Trade 11. The Surge in US Imports, 1995–2001 Index