Voyevodins' Library _ "International Business: Competing in the Global Marketplace" / Charles W.L. Hill ... Chapter 5 ... currency speculation, currency swap, currency translation, current account, current account deficit, current account surplus, current cost accounting, current rate method, customs union, D'Amato Act, deferral principle, democracy, deregulation, diminishing returns to specialization, dirty-float system, draft, drawee, dumping, eclectic paradigm, e-commerce, economic exposure, economic risk, economic union, economies of scale, ecu, efficient market, ending rate, ethical systems, ethnocentric behavior, ethnocentric staffing, eurobonds, eurocurrency, eurodollar, European Free Trade Association (EFTA), European Monetary System (EMS), European Union (EU), exchange rate, exchange rate mechanism (ERM), exclusive channels, expatriate failure, expatriate manager, experience curve, experience curve pricing, export management company, Export-Import Bank (Eximbank), exporting, externalities, externally convertible currency, factor endowments Voevodin's Library: currency speculation, currency swap, currency translation, current account, current account deficit, current account surplus, current cost accounting, current rate method, customs union, D'Amato Act, deferral principle, democracy, deregulation, diminishing returns to specialization, dirty-float system, draft, drawee, dumping, eclectic paradigm, e-commerce, economic exposure, economic risk, economic union, economies of scale, ecu, efficient market, ending rate, ethical systems, ethnocentric behavior, ethnocentric staffing, eurobonds, eurocurrency, eurodollar, European Free Trade Association (EFTA), European Monetary System (EMS), European Union (EU), exchange rate, exchange rate mechanism (ERM), exclusive channels, expatriate failure, expatriate manager, experience curve, experience curve pricing, export management company, Export-Import Bank (Eximbank), exporting, externalities, externally convertible currency, factor endowments


 Voyevodins' Library ... Main page    "International Business: Competing in the Global Marketplace" / Charles W.L. Hill ... Contents



Texts belong to their owners and are placed on a site for acquaintance.

Chapter 5 Outline

Notes

  1. For a detailed welfare analysis of the effect of a tariff, see P. R. Krugman and M. Obstfeld, International Economics: Theory and Policy (New York: Harper Collins, 1994), chap. 9.

  2. Y. Sazanami, S. Urata, and H. Kawai, Measuring the Costs of Protection in Japan Washington, DC: Institute for International Economics, 1994).

  3. See J. Bhagwati, Protectionism (Cambridge, MA: MIT Press, 1988), and "Costs of Protection," Journal of Commerce, September 25, 1991, p. 8A.

  4. "From the Sublime to the Subsidy," The Economist, February 24, 1990, p. 71.

  5. "Aid Addicts," The Economist, August 8, 1992, p. 61, and "State Aid: The Addicts in Europe," The Economist. November 22, 1997, p. 75.

  6. R. W. Crandall, Regulating the Automobile (Washington, DC: Brookings Institute, 1986).

  7. Quoted in Krugman and Obstfeld, International Economics.

  8. Bhagwati, Protectionism, and "Japan to Curb VCR Exports," New York Times, November 21, 1983, p. D5.

  9. Alan Goldstein, "Sematech Members Facing Dues Increase; 30% Jump to Make up for Loss of Federal Funding," Dallas Morning News, July 27, 1996, p. 2F.

  10. N. Dunne and R. Waters, "US Waves a Big Stick at Chinese Pirates," Financial Times, January 6, 1995, p. 4.

  11. John Broder, "Clinton to Impose Ban on 58 Types of Imported Guns," New York Times, April 6, 1998, sect. A; p. 1.

  12. Bill Lambrecht, "Monsanto Softens Its Stance on Labeling in Europe," St. Louis Post-Dispatch, March 15, 1998, p. E1.

  13. Peter S. Jordan, "Country Sanctions and the International Business Community," American Society of International Law Proceedings of the Annual Meeting 20, no. 9 (1997), p. 333 - 42.
  1. "Waiting for China; Human Rights and International Trade," March 11, 1994, and "China: The Cost of Putting Business First," Human Rights Watch, July 1996.

  2. "Brazil's Auto Industry Struggles to Boost Global Competitiveness," Journal of Commerce, October 10, 1991, p. 6A.

  3. For reviews, see J. A. Brander, "Rationales for Strategic Trade and Industrial Policy," in Strategic Trade Policy and the New International Economics, ed. P. R. Krugman (Cambridge, MA: MIT Press, 1986); P. R. Krugman, "Is Free Trade Passé?" Journal of Economic Perspectives 1 (1987), pp. 131 - 44; and P. R. Krugman, "Does the New Trade Theory Require a New Trade Policy?" World Economy 15, no. 4 (1992), pp. 423 - 441.

  4. "Airbus and Boeing: The Jumbo War," The Economist, June 15, 1991, pp. 65 - 66.

  5. For details see Krugman, "Is Free Trade Passé?" and Brander, "Rationales for Strategic Trade."

  6. Krugman, "Is Free Trade Passé?"

  7. This dilemma is a variant of the famous Prisoner's Dilemma, which has become a classic metaphor for the difficulty of achieving cooperation between self-interested and mutually suspicious entities. For a good general introduction, see A. Dixit and B. Nalebuff, Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life (New York: W. W. Norton & Co., 1991).

  8. Note that the Smoot-Hawley tariff did not cause the Great Depression. However, the beggar-thy-neighbor trade policies that it ushered in certainly made things worse. See J. Bhagwati, Protectionism (Cambridge, MA: MIT Press, 1989).

  9. Bhagwati, Protectionism.

  10. World Bank, World Development Report (New York: Oxford University Press, 1987).

  11. World Trade Organization, World Trade Growth Accelerated in 1997, WTO press release, March 19, 1998.

  12. Frances Williams, "WTO--New Name Heralds New Powers," Financial Times, December 16, 1993, p. 5, and Frances Williams, "Gatt's Successor to Be Given Real Clout," Financial Times, April 4, 1994, p. 6.

  13. The studies are OECD and the World Bank, Trade Liberalization: The Global Economic Implications (Paris and Washington; 1993), OECD, Assessing the Effects of the Uruguay Round (Paris, 1993), and "GATT Secretariat," Background Paper: The Uruguay Round GATT, 1993).

  14. Martin Wolf, "Doing Good Despite Themselves," Financial Times, December 16, 1993, p. 15.

  15. World Trade Organization, Annual Report, 1997.

  16. L. Abruzzese, "In Defense of the WTO," Journal of Commerce, October 21, 1997, p. 8A.

  17. Alan Cane, "Getting Through: Why Telecommunications Talks Matter," Financial Times, February 14, 1997.

  18. "Ruggiero Congratulates Governments on Landmark Telecommunications Agreement," World Trade Organization press release, February 17, 1997.

  19. Francis Williams, "Telecoms: World Pact Set to Slash Costs of Calls," Financial Times, February 17, 1997.

  20. "Financial Services," WTO Press Brief, September 1996.

  21. G. De Jonquieres, Happy End to a Cliff Hanger," Financial Times, December 15, 1997, p. 15.

  22. A Disquieting New Agenda for Trade," The Economist, July 16, 1994, pp. 55 - 56, and Frances Williams, "Trade Round Like This May Never Be Seen Again," Financial Times, December 16, 1993, p. 7.
<< Shrimps, Turtles, and the WTO
Chapter 6 Outline >>