Current Issues in International Trade: Methodologies and Development Implications for the World Economy

Gouranga G. Das, PhD (Editor)
Department of Economics, Hanyang University, South Korea

Series: Trade Issues, Policies and Laws
BISAC: POL011020

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Volume 10

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Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick

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With the boons of technological progress spreading to every nook and corner of the globe, globalization has been a dominant force for several decades. Globalization has winners and losers. International trade, foreign direct investment, and trans-boundary flow of goods, services, and capital are few of the many facets that characterize the process of globalization. Thus, a volume addressing such issues is quite essential for readers.

This volume is a collection of thirteen contributed chapters on the current international trade scenario, its evolution over the years, and its global impact on developed and developing economies. Most importantly, it deals with a range of issues related to global financial crisis and its aftermath affecting global trade and the players in the international market. As the crisis unfolded, trade has suffered a setback and we saw a shift in global trade. In particular, we saw the emergence of developing nations and gradual erosion of dominance of developed countries. This book covers these aspects. The valuable contributions by the authors look at these problems in the global macro economy from different angles – theoretical and empirically – to offer a cogent view of the current situation facing us. The chapters offer theoretical viewpoint as well as applied perspectives on many facets of crisis and trade in the global economy.

Chapters are organized into three distinctive, but interrelated thematic parts: Part I introduces the recent trade issues and scenarios of global trade, and its implications for development. Part II extends the discussion in terms of exhibiting how methodological advances in theory and empirics could be utilized to handle complex phenomenon of trade. Gravity model, Constant Market Shares analysis, Heckscher-Ohlin, Dornbusch-Fischer-Samuelson Neo-Classical model, Time Series analysis are techniques and theoretical rigors that are used in these important articles. Part III offers important articles on applied general equilibrium methods for analyzing issues like import trade share during structural adjustment, energy policy analysis, regional economic modeling, and trade-technology nexus for economic growth and development. The selection of authors from different part of the world – developed, emerging, and developing economies – facilitate rich texture of argument and enrich the content of the book. This book is not for being shelved, but a valuable addition for those researchers, academicians, and graduate students who want to engage themselves in the policy debate, contribute to the policy analysis, and add value by offering an alternative theoretical and methodological angle. (Imprint: Nova)

Acknowledgments

Preface

List of Contributors

Part I: Current Scenarios of Global Trade and the Emerging Issues

Chapter 1 - The Global Recession and Developing Economies in Asia: Evidence from China and India (pp. 3-26)
Ananya G. Dastidar (Department of Business Economics, University of Delhi South Campus, New Delhi, India)

Chapter 2 - Development of Asia’s Industrial Network and Cross-Pacific Trade (pp. 27-54)
Hongyul Han (Department of Economics, Hanyang University, Ansan (Erica Campus), South Korea)

Chapter 3 - China-Africa’s Trade Patterns and Potentials for Technology Upgrading in Africa (pp. 55-70)
Jean-Claude Maswana (Tsukuba University, Japan)

Chapter 4 - Structural Breaks and the Effect of Exchange Rate on India’s Exports (pp. 71-86)
Ranajoy Bhattacharyya and Jaydeep Mukherjee (Indian Institute of Foreign Trade, Kolkata Campus, Salt Lake, Kolkata, India)

Chapter 5 - Complementarities of India – Russia Economic Relations: Present Status and Future Prospects (pp. 87-108)
Sanjib Pohit (CSIR-National Institute of Science, Technology and Development Studies, New Delhi, India)

Part II: Analytical Frameworks to Model Selective Issues

Chapter 6 - International Trade, Gravity Equations and Tourism: An Application for Intra-Latin American Trade Flows (pp. 111-126)
Maria Santana-Gallego, Francisco J. Ledesma-Rodríguez and Jorge V. Pérez-Rodríguez (Universidad de La Laguna, Departamento de Economía Aplicada, Facultad de Economía y Empresa, Spain and others)

Chapter 7 - A Factor Endowment Explanation for China’s Emergence As an International Trading Power: Calibrating the Dornbusch- Fischer-Samuelson Model for China’s Trade, 1968-2008 (pp. 127-150)
Roger White (Whittier College, CA, US)

Chapter 8 - Trade Reform, Environment and Intermediation: Implication for Health Standard (pp. 151-160)
Biswajit Mandal (Department of Economics, University at Albany-SUNY, Albany, NY, US and others)

Chapter 9 - Constructing Trade Barrier Index for Selected Countries of South Asia (pp. 161-180)
Dripto Mukhopadhyay and Sanjib Pohit (Indicus Analytics, India and others)

Part III: Methodologies and Policy Applications

Chapter 10 - CGE Modelling As a Framework for Absorbing Specialist Information: Linking an Energy Model and a CGE Model to Analyse U.S. Energy Policies (pp.183-200)
Peter B. Dixon and Maureen T. Rimmer (Centre of Policy Studies, Victoria University, Australia)

Chapter 11 - When Modellers Behave Like Lawyers: Have We Lost the Plot? (pp. 201-212)
Alan A. Powell (Department of Econometrics and Business Statistics, Monash University, Australia)

Chapter 12 - CGE-Based Analysis of Trade Policies: Capturing the “Devil” in the Details (pp. 213-226)
Badri G. Narayanan (Purdue University, IN, US)

Chapter 13 - CGE Methodology and Trade-Technology Nexus Redux: Illustrations and Synthesis for Modelling and Policy Analysis (pp. 227-260)
Gouranga G. Das, PHD (Department of Economics, Hanyang University Erica Campus, Kyunggi-Do, South Korea)

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