Handbook Of International Trade Agreements at Meripustak

Handbook Of International Trade Agreements

Books from same Author: Looney Robert E.

Books from same Publisher: Routledge

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  • General Information  
    Author(s)Looney Robert E.
    PublisherRoutledge
    ISBN9781857439151
    Pages462
    BindingHardback
    Language English
    Publish YearAugust 2018

    Description

    Routledge Handbook Of International Trade Agreements by Looney Robert E.

    International trade has, for decades, been central to economic growth and improved standards of living for nations and regions worldwide. For most of the advanced countries, trade has raised standards of living, while for most emerging economies, growth did not begin until their integration into the global economy. The economic explanation is simple: international trade facilitates specialization, increased efficiency and improved productivity to an extent impossible in closed economies. However, recent years have seen a significant slowdown in global trade, and the global system has increasingly come under attack from politicians on the right and on the left. The benefits of open markets, the continuation of international co-operation, and the usefulness of multilateral institutions such as the World Trade Organization (WTO), the International Monetary Fund and the World Bank have all been called into question. While globalization has had a broadly positive effect on overall global welfare, it has also been perceived by the public as damaging communities and social classes in the industrialized world, spawning