Trade impacts on the lives of all global citizens, influencing the range of commodities available for consumption and where those commodities are produced. Driven increasingly by market exchange, trade shapes the nature of work and how the costs and benefits of that work are distributed around the world. Economic growth and development are closely associated with the flows of goods and services between countries. International Trade: The Basics offers an accessible and engaging introduction to contemporary debates on international trade, inviting readers to explore the connections between national political economies within a globally integrated world.
Topics covered include:
Why nations trade
Globalization and transnational production networks
The emergence of Asia as a major trade region
Ethical trade and environmental sustainability
Trade in solar energy, services and ideas.
Featuring case studies and social media links that help to illustrate key concepts, this book is an essential read for anyone seeking to understand how trade varies between regions, affects relationships between countries and influences a country's social, political and economic life.
Jessie Poon is Professor of Geography at the University of Buffalo-SUNY, USA. Her research interests are in the trade and investment activities of multinational firms. She has published over eighty articles and is editor of Environment and Planning A. David L. Rigby is Professor of Geography at UCLA, USA with research interests in international trade, evolutionary economic geography, technological change and regional economic growth.
List of figures List of tables List of boxes 1 Introduction The growth of trade History of trade Globalization and contemporary trade patterns Objective of the book Outline of the book 2 Trade theory Comparative advantage The Heckscher-Ohlin model The Stolper-Samuelson theorem Leontieff's Paradox Terms of trade New trade theory: economies of scale and imperfect competition in trade models New, new trade theory: global outsourcing 3 Transnational corporations, trade and the global economy Origins of TNCs and why firms internationalize The growth of transnational corporations Global production networks and commodity value chains Capturing value in global production networks TNCs and trade 4 Trade governance Institutional theories GATT and WTO Geography of trade: integration and regional trade agreements Is geography destiny? Regionalism and regional economic integration 5 Trade and development Dynamic comparative advantage Unequal exchange Import-substitution and export promotion Asian flying geese 6 Impact of trade Special economic zones Impact on labor Trade and labor standards Trade, jobs and wages Ethical trade Environment and sustainability Environmental policy and trade agreements 7 Conclusion Trends and directions Glossary Bibliography Index