Suchergebnisse

While the liberalization of trade has entailed adjustment costs for both large and small developing countries and LDCs, preference erosion is particularly onerous for small states. Tony Heron investigates the political and economic consequences and, more particularly, policy responses to the erosion of non-reciprocal preferences caused by the liberalization of trade. Although preference erosion is nothing new, what is striking at the current juncture is the degree to which preference erosion is now dominated by a policy consensus that sees the process as not only unavoidable but also desirable. He seeks not such much to challenge this viewpoint as to explore its political implications by looking at the actual experience of individual countries and regions making the transition from preferential to reciprocal free trade.

Tony Heron examines recent global policy responses to the erosion of non-reciprocal tariff and quota preferences caused trade liberalizing by focusing on a sample of small, middle income countries which have historically enjoyed favourable access to OECD markets.

Given the widely-accepted premise that free trade is the best means of maximising overall societal welfare, why has it proven so difficult to achieve in certain industries? This book tackles arguably the most perennial and deep-rooted of all questions in political economy, and questions the incumbent orthodox liberal theories of collective action. Using a historical institutionalist framework to explore and explain the political economy of trade protectionism and liberalization, this book is based on detailed case studies of the textiles and clothing sector in the EU, United States, China, Caribbean Basin and sub-Saharan Africa. From this, the book expands to discuss the origins of trade protectionism and examine the wider political effects of liberalization, offering an explanation of why a successful conclusion to the WTO 'Doha' round has proven to be so elusive. The book argues that the regulation of global trade - and the economic consequences that this has for both developed and developing countries - has been the result of the particular way in which trade preferences are mediated through political institutions. The Global Political Economy of Trade Protectionism and Liberalization will be of interest to those studying and researching international and comparative political economy, developing area studies, economics, law and geography. --

AbstractThe article analyses the so-called 'bra wars' trade dispute that took place between the EU and China in 2005. This dispute raised a number of important questions linked, not only to the textiles and clothing (T&C) trade regime, but to the broader conduct of the EU in relation to the developing world. Over the years, the EU has attempted to construct a discourse towards developing countries that has sought to articulate a distinctively 'European' approach to issues like preferential trade, equitable growth, poverty reduction and so on. This article thus centres on the broader analytical question raised by 'bra wars': namely, the mounting incongruity between the theory and practice of the development policies of the EU.

The purpose of this article is to assess the likely impact of the ending of the Multifibre Arrangement (MFA) on garment assembly in the Caribbean Basin. Over the last fifteen years or so garment assembly has come to represent one of the region's few economic 'success stories' and has accordingly helped to offset the loss of export revenue from traditional commodities such as coffee and sugar. With the ending of the MFA on 1 January 2005, however, the long‐term viability of this trade has been thrown into doubt. This article thus seeks to assess the prospects for continued garment assembly in the Caribbean Basin against the backdrop of these developments.