Trade and global integration

Book English OPEN
Das, Dilip K. (2003)
  • Publisher: University of Warwick. Centre for the Study of Globalisation and Regionalisation
  • Subject: JZ | HC

This paper focuses on the post-war process of creation of a global trading system and integration of world trade. As the former came into being, multilateral trade liberalization became an on-going feature of the global economy facilitating international trade, consequently importance of international trade in the global economy increased dramatically. Since the mid-1980s, mindset of policy makers in the developing economies regarding trade policy began changing in a discernible manner. The high- and middle-income developing economies liberalized their trade policy regimes and tried to integrate with the global economy. Several developing economies were highly successful in integrating with the global economy through trade. The change in the mindset of policy mandarins was clearly visible during the Uruguay Round and the on-going Doha Rounds of multilateral trade negotiations. Although the industrial economies were the primary beneficiaries of the multilateral trade liberalization in the past, for the developing economies trade, particularly trade in manufacturing goods, went on increasing monotonically. The kaleidoscope of global trading system turned several times and international trade has enormously expanded over the preceding half century, which in turn contributed substantially to global integration through trade, albeit in a selective manner.
  • References (12)
    12 references, page 1 of 2

    Anderson, K., J. Francois, T. Hertel, B. Hoekman and W. Martin. 2001. Potential Gains from Trade Reforms in the New Millennium”. Washington DC. The World Bank. (Processd).

    Anderson, J.E. and E. van Wincoop.2001. “Gravity with Gravitas: A Solution to the Border Puzzle”, Cambridge. MA. National Bureau of Economic Research. Working Paper No. 8079.

    Coe, T.D., A. Subramanian, N.T. Tamirisa. 2002.”The Missing Globalization Puzzle”.

    Washington DC. International Monetary Fund. Working Paper. WP/02/171.

    Das, Dilip K. 2001a. Global Trading System at Crossroads: A Post-Seattle Perspective, London and New York. Routledge.

    Das, Dilip K. 2001b. “Liberalization Efforts in China and Accession to the World Trade Organization”, The Journal of World Investment, Vol. 12, No. 4. pp. 761-789.

    Engel, C. and J.H.Rogers.2001. “Deviations from Purchasing Power Parity: Causes and Welfare Costs”, Journal of International Economics, Vol. 55. No. 10. pp. 29-57.

    Feenstra, R.C.1998. "Integration of Trade and Disintegration of Production in the Global Economy", Journal of Economic Perspective, Vol. 12. No. 4. pp. 31-50.

    Fujita, M., P.R. Krugman and A.J. Venables. 1999. The Spatial Economy: Cities, Regional and International Trade, Cambridge. MA. The MIT Press.

    Hertel, T. and W. Martin. 2001. "Liberalizing Agriculture and Manufactures in a Millennium Round: Implications for Developing Countries", in B. Hoekman and W. Martin (eds.) Developing Countries and the WTO: A Pro-Active Agenda, Oxford. Basil Blackwell. pp. 110- 142.

  • Metrics
    views in OpenAIRE
    views in local repository
    downloads in local repository

    The information is available from the following content providers:

    From Number Of Views Number Of Downloads
    Warwick Research Archives Portal Repository - IRUS-UK 0 38
Share - Bookmark