In celebration of the fiftieth anniversary of the Stolper-Samuelson Theorem, this volume collects in one place the original Stolper-Samuelson articles as well as the most significant later contributions that interpret, extend, and test the basic result. It also includes reflective papers by both Wolfgang F. Stolper and Paul A. Samuelson, an overview of the literature, and an annotated bibliography. Contributors to the volume, either in reprints of their original articles or in new commenta...

This volume provides an analytical approach to most of the major items on the agenda of the Uruguay Round of Multilateral Trade Negotiations, which was convened in 1986 under the auspices of the General Agreement on Tariffs and Trade (GATT).The Uruguay Round negotiating agenda is ambitious in scope, consisting of such topics as barriers to trade, sectoral issues, and GATT rules, and a number of topics that had not been addressed in previous negotiations. The Multilateral Trading System beg...

The Michigan Model of World Production and Trade, developed in the 1970s by Alan V. Deardorff and Robert M. Stern, has become a valuable tool widely used in research on the economic effects of national and multilateral trade policies. Computational Analysis of Global Trading Arrangements presents the recent developments and enhancements of the Michigan Model together with the major results that it has provided in the last seven years. The book provides a detailed exposition of the model, a...

The contributors to this volume, economists and political scientists from academic institutions, the private sector, and the Ways and Means Committee of the U.S. House of Representatives, came together to discuss an important topic in the formation of U.S. international trade policy: the representation of constituent interests. In the resulting volume they address the objectives of groups who participate in the policy process and examine how each group's interests are identified and promot...

Major economic reforms undertaken since 1991 have brought the Indian economy into a new phase of development directed toward becoming globally competitive through the opening of trade, foreign investment, and technology inflows. The private sector is expected to play a lead role, with a corresponding reduction in the role played by the public sector. This book is aimed at analyzing the comparative static effects of selected post-1991 trade and domestic policy reforms on trade, factor price...

The contributors to this volume include numerous members of the trade policy community who analyze and discuss the salient social dimensions of U.S. trade policies. These issues include the effects of trade on wage inequality; trade and immigration policy; U.S. trade adjustment assistance policies; the effects of NAFTA on environmental quality; the role of labor standards in U.S. trade policies; the economics of labor standards and the GATT; issues of child labor; and the role of interest ...

As tariffs on imports of manufactures have been reduced as a result of multi-lateral trade negotiations, interest in the extent to which existing nontariff barriers may distort and restrict international trade is growing. Accurate and reliable measures are needed in order to address the issues involving the use and impacts of nontariff barriers. This study assesses currently available methods for quantifying such barriers and makes recommendations as to those methods that can be most effec...

Since attaining independence in 1965 Singapore has experienced exceptionally rapid growth, low inflation, and a healthy balance of payments. This paper reviews Singapore's economic development from a long-term perspective and examines some of the factors that have contributed to the sustained rapid growth

What, and who, are we working for? A thoughtful assessment on our current society from "probably America's most prominent Marxist economist" ( The New York Times).Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid, and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our s...

"A damning denunciation of things as they are, and a platform for how we can do better."--Andrew Leonard, SalonFour years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers inventive solutions to a host of problems, including the indebtedness of developing countries, international fiscal ...

How can the poorer countries of the world be helped to help themselves through freer, fairer trade? In this challenging and controversial book Nobel prize-winning economist Joseph E. Stiglitz and his co-author Andrew Charlton address one of the key issues facing world leaders today. They put forward a radical and realistic new model for managing trading relationships between the richest and the poorest countries. Their approach is designed to open up markets in the interests of all and not...

Despite its vast oil wealth, central Africa still struggles to sustain strong, inclusive economic growth or to generate sufficient employment opportunities, particularly for its fast-growing youth population. Drawing on new research, Oil Wealth in Central Africa lays out the macroeconomic and growth challenges facing the region; examines oil wealth management and its implications for poverty reduction; and includes four case studies that exemplify lessons learned.