External link to Definition of International Political Economy

Definition of International Political Economy

International Political Economy distributed evenly among individuals. Global economic exchange raises the income of some people and lowers the income of others. The distributive consequences of global economic exchange generate political competition in national and international arenas. The winners seek deeper links with the global economy in order to extend and consolidate their gains, whereas the losers try to erect barriers between the global and […]

External link to Discussion on Trade Organization

Discussion on Trade Organization

International Political Economy Fifth Edition THOMAS OATLEY University of North Carolina Chapel Hill Longman Boston Columbus Indianapolis New York San Francisco Upper Saddle River Amsterdam Cape Town Dubai London Madrid Milan Munich Paris Montreal Toronto Delhi Mexico City São Paulo Sydney Hong Kong Seoul Singapore Taipei Tokyo     ISBN-13: 978-0-205-00628-1 ISBN-10: 0-205-00628-0 Senior Acquisitions Editor: Vikram Mukhija Editorial Assistant: Beverly Fong Senior Marketing Manager: […]

External link to How to make economic liberalism fairer

How to make economic liberalism fairer

Saving globalisation The reset button How to make economic liberalism fairer and more effective Oct 1st 2016 | From the print edition ·  · · THERE MAY be few better advocates of the benefits to America of an open economy than Pin Ni, boss of Wanxiang America Corporation, part of a private firm based in Hangzhou that his father-in-law started as a bicycle-repair shop. Mr Ni launched […]

External link to The collapse of negotiations assignment

The collapse of negotiations assignment

The collapse of negotiations thus might bring governments one step closer to agreement by revealing information about each government’s negotiating position. The better information enables governments to believe they have achieved the best deal possible. Of course, the collapse might also indicate that the Doha Round is dead. The problem, of course, is that we cannot know which of these is correct. To know which […]

External link to Geneva Mini-Ministerial Doha Round negotiations

Geneva Mini-Ministerial Doha Round negotiations

Distributive Bargaining and the Geneva Mini-Ministerial Doha Round negotiations collapsed (again) at the end of July, 2008. After reaching agreement on multiple issues during a “mini-Ministerial” in Geneva, India, China, and the United States failed to bridge their differences on a rather obscure special safeguard mechanism (SSM). The SSM would allow developing countries to raise tariffs (temporarily) to protect local farmers from import surges. India […]

External link to China’s Production Possibility Frontier

China’s Production Possibility Frontier

China’s Production Possibility Frontier     50 CHAPTER 3 The Political Economy of International Trade Cooperation and capital to computers, it can produce 20 million computers. If it dedicates all of its labor and capital to shirt production, it can produce 400 million shirts. Connecting these two points yields China’s PPF. Given our assump- tions, China’s marginal rate of transformation is 20: Every computer China […]

External link to Characteristics of indifference curves

Characteristics of indifference curves

Three additional characteristics of indifference curves are important. First, indifference curves typically slope downwards. This slope, called the marginal rate of substitution, tells us how much of one good the consumer is willing to give up to acquire an additional unit of the second good. Second, indifference curves typically bend in toward the origin. This reflects the assumption of di- minishing marginal utility. The first […]

External link to The Economic Case for Trade

The Economic Case for Trade

THE ECONOMIC CASE FOR TRADE Why should countries trade? The standard answer is that countries should trade because trade makes them better off. Grasping why, exactly, trade makes societies better off, however, can be tricky. As the prominent economist Paul Krugman has argued, even many scholars and journalists who spend their lives writing about the global economy don’t fully understand why trade makes soci- eties […]

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