Library acquisitions — June 2014

Dear all,

We are pleased to send you our list of selected new acquisitions for June 2014. You can send your requests to Web.Librarian

The list is also available on Library’s website: http://intranet/__resources/library/new_for_you_new_books.html

For continuous updates on the latest trade news, don’t forget to check out the "Latest in trade" http://intranet/en/resources/library/library.htm

Kind regards,

Your WTO Library Team

Covers Title, Authors/Editor details, WTO catalogue records email request links Previews

Asian free trade agreements and WTO compatibility: goods, services, trade facilitation and economic cooperation / Shintaro Hamanaka.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925145

Request: web.librarian@wto.org

Review: http://goo.gl/x2b8mV

Assessing the effectiveness of international courts / Yuval Shany.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925163

Request: web.librarian@wto.org

Preview: http://goo.gl/mtkxp1

Balancing wealth and health: the battle over intellectual property and access to medicines in Latin America / edited by Rochelle C. Dreyfuss and CĂ©sar RodrĂ­guez-Garavito.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925110

Request: web.librarian@wto.org

Preview: http://goo.gl/H1Il2e

Capital in the twenty-first century / Thomas Piketty; translated by Arthur Goldhammer.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925127

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Preview: http://goo.gl/XUlkt4

Economic normalization with Cuba: a roadmap for US policymakers / Gary Clyde Hufbauer and Barbara Kotschwar; assisted by Cathleen Cimino and Julia Muir.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925188

Request: web.librarian@wto.org

Preview: http://goo.gl/QHvC6T

The fragmentation of global climate governance: consequences and management of regime interactions / Harro van Asselt.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924969

Request: web.librarian@wto.org

Review: http://goo.gl/N7IAp6

Fresh water in international law / Laurence Boisson de Chazournes.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925179

Request: web.librarian@wto.org

Preview: http://goo.gl/uGEDZs

Frontiers of international economic law: legal tools to confront interdisciplinary challenges / edited by Freya Baetens and José Caiado.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925181

Request: web.librarian@wto.org

Preview: http://goo.gl/NmtLcs

Global environmental governance, technology and politics: the Anthropocene gap / Victor Galaz.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924795

Request: web.librarian@wto.org

Review: http://goo.gl/OoqdA8

International development: ideas, experience, and prospects / edited by Bruce Currie-Alder … [et al.].

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925184

Request: web.librarian@wto.org

Preview: http://goo.gl/Bu4Ux5

International law and developing countries: essays in honour of Kamal Hossain / edited by Sharif Bhuiyan, Philippe Sands, Nico Schrijver.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925175

Request: web.librarian@wto.org

Preview: http://goo.gl/C2qQeO

International trade law: problems, cases, and materials / Daniel C.K. Chow and Thomas J. Schoenbaum.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924945

Request: web.librarian@wto.org

Review: http://goo.gl/pxzdiO

The law and politics of international regime conflict / Dirk Pulkowski.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925216

Request: web.librarian@wto.org

Preview: http://goo.gl/MRhwKL

Rising China, anxious Asia? A Bayesian New Keynesian view / Chin-Yoong WONG, Yoke-Kee ENG , Muzafar Shah HABIBULLAH

Should Asia feel anxious about China’s expansion? We look for the answer through the Bayesian estimation of a two-country New Keynesian model of production fragmentation covering ten Asian economies, including China. The estimates show that vis-Ă -vis China, the developed Asia has a more fragmented production structure with higher domestic value-added embodied in intermediates traded with China whereas the developing Asian production chains are equally if not less fragmented with more foreign value-added. We also find that China’s expansion made possible by favorable demand and price shocks benefits all Asian neighbors. Expansion driven by total factor productivity improvement, however, lifts the aggregate value-added in the developing Asia but not in the developed Asia, unless the shocks symmetrically originate in both China and the developed Asia. Fixing the regional currencies irrevocably to the U.S. dollar amplifies the effect of China’s productivity improvements, although it is nearly irrelevant for responses to other types of shocks. We conclude that production fragmentation and symmetry in shock are the keys to the answers of this question.

Full-text available in .pdf

TRIPS Council Debates Non-Violations, Innovation, Green Tech Transfer / Catherine Saez

Whether countries can bring intellectual property complaints against each other under the World Trade Organization even if they don’t violate WTO rules was a topic of debate this week, but could not be resolved.
The WTO Council for Trade-Related Intellectual Property Rights (TRIPS) met on 11 June. The meeting ended after only one day.
A proposal on the ability to bring so-called non-violation complaints under the TRIPS agreement was raised by the United States and discussed inconclusively. Another item put forward by the United States and Taiwan on “innovation hubs” for small-and-medium-sized enterprises led to many countries sharing their experiences, while discussions on the relationship between IP and technology transfer on green technology are expected to be pursued at the next meeting.

Click here to read more

Impact of South–South FDI and Trade on the Export Upgrading of African Economies / Alessia Amighini, Marco Sanfilippo

We explore the impact of FDI and imports on the upgrading of African exports. We find that South–South flows impact differently from North–South ones on the ability of recipients to absorb the positive spillovers. Results support the view that South–South integration has a strong potential for accelerating structural transformation in the continent. South–South FDI foster diversification in key low-tech industries such as agro-industry and textiles, and raise the average quality of manufacturing exports, while importing from the South increases the ability to expand the variety of manufactured exports and to introduce more advanced goods in less-diversified economies.

Full-text available in .pdf

Korea-U.S. FTA in its Second Year: Current Status of Implementation / Young-Gui Kim, Hyo-Young Lee, Jun-Gu Kang, and Hyuk-Hwang Kim.

Since the Korea-U.S. (KORUS) FTA entered into force on March 15, 2012, both sides have reviewed its status of implementation through various joint committee and working group meetings, and discussed ways to further advance their cooperation on bilateral trade issues for successful implementation. This article provides an overview of the status of implementation of the liberalization commitments made in the KORUS FTA, focusing on the trade in goods, services, investment, and other regulatory areas.

Full-text available in .pdf

Trade and cross hedging exchange rate risk / Udo Broll, Kit Pong Wong

Abstract
This paper examines the behavior of a competitive exporting firm that exports to two foreign countries under multiple sources of exchange rate uncertainty. The firm has to cross hedge its exchange rate risk exposure because there is only a forward market between the domestic currency and one foreign country’s currency. When the firm optimally exports to both foreign countries, we show that the firm’s production decision is independent of the firm’s risk attitude and of the underlying exchange rate uncertainty. We show further that the firm’s optimal forward position is depending on whether the two random exchange rates are correlated in the sense of expectation dependence. Our results refine the literature on cross-hedging by introducing the expectation dependence structure. The existing of risk-sharing institutions, such as forward markets, significantly modify the impact of uncertainty on international trade in the economy.

Full-text available in .pdf

Occupational Choice and Income Inequalities under Regional Integration / Xi Yang

Abstract
In a setting with occupational choice and trade between two asymmetric regions, this paper explores the impact of market size and economic integration on both regional inequality and local income inequality within each region. It is shown that market access in a region affects income inequality measures, working through the cutoff productivity for entrepreneurship. Compared with the smaller region, selection into entrepreneurship is more likely for individuals in the larger region with better firm market access whereas the local income inequality is higher. Both regional inequality and regional disparities in the local income inequality measures exhibit an inverted U-shaped pattern when the regional integration level increases.

Full-text available in .pdf

Royale with Cheese: Globalization, Tourism, and the Variety of Goods / Matthew T. Cole and Ronald B. Davies

Abstract:
The key result of the so-called “New Trade Theory” is that countries gain from falling trade costs by an increase in the number of varieties available to consumers. Though the number of varieties in a given country rises, many models predict that global variety decreases as imported varieties drive out local varieties. This is potentially worrisome when consumers care about non-exported foreign varieties as a result of tourism (especially when foreign varieties are highly desired). Since lowering trade costs induces additional firms to export and drives out some non-exported varieties, these modifications result in welfare losses not accounted for in the existing literature. Nevertheless, improvements in non-tourism consumption outweigh any such losses.

Full-text available in .pdf

Global Fiscal Adjustment and Trade Rebalancing / Warwick J. McKibbin, Andrew B. Stoeckel and YingYing Lu

Abstract
The emergence of substantial fiscal deficits and a large build up of government debt in major advanced economies will inevitably lead to a period of fiscal consolidation in coming years. In an earlier paper, Asian Economic Papers, 9, 2010 and 54, explored the effects of this fiscal adjustment in advanced economies on the global economic outlook. This paper focuses on the differences between the impacts of fiscal policy in advanced versus emerging economies. In particular, the need for more fiscal spending on infrastructure in emerging economies and the need for fiscal consolidation in advanced economies leads naturally to the question of what this asymmetric fiscal adjustment might do to global trade balances as well as global economic growth over the coming decades. The adjustment needed in both regions is substantial, and the asymmetry of the adjustment implies important consequences for trade and capital flows between regions as well as asset price adjustments within and between regions.

Full-text available in .pdf

The European Union’s Proposed Carbon Equalisation System: Some Implications for India’s Exports / Biswajit Dhar

Abstract:
In 2009, the European Union (EU) proposed to use border carbon measures, which could take the form of a direct or indirect “carbon tax”, against imports from its partner countries that were not following its emission norms. While the stated objective of the proposal was to prevent “carbon leakage”, or migration of industries to the so-called “pollution havens”, its real intent is to protect industries based in the territories of the EU Member States against foreign competition. The proposal could have wide ramifications for it could affect market access possibilities of a very large segment of the industries in the EU’s partner countries. This paper analyses the possible impact of the proposed measures on India’s exports through a very detailed examination of the available data.

Full-text available in .pdf

Border Trade and Regional Integration / Ying Ge, Yin He, Yeheng Jiang and Xiaopeng Yin

Abstract:
Although it is an important building block of regional integration, very little research has investigated border trade between neighboring countries. This paper fills this gap by examining the patterns and determinants of China’s border trade with its neighboring countries. First, a disaggregated, firm-product level trade data is used to provide a detailed overview of border trade growth and dynamics. The paper shows that trade liberalization has significantly encouraged new firms to enter the export market, and new private firms account for the majority of the expansion in border exports and the shift toward more sophisticated products. Second, a gravity model is used to investigate the determinants of border trade. The results suggest that multilateral and regional integration, market size and institutional quality play important roles in promoting border trade.

Full-text available in .pdf

Measuring the Impact of Trade Protection on Industrial Production Size / Wei Tian andMiaojie Yu

Abstract:
Trade theory has no clear prediction on how import protection affects an importing sector’s relative size. In this paper, we estimate the impact of US trade protection on industrial production relative size based on a translog GDP functional system. Using an industrial panel data set and controlling for factor endowments and technology improvement, we find empirical evidence that trade protection does not help much increase a sector’s relative size. Such findings are also robust to both the inclusion of the role of political economy and the coverage of various non-tariff measures as proxies of industrial protection.

Full-text available in .pdf

Analyzing Bilateral Trade Barriers under Global Trade Context: A Gravity Model Adjusted Trade Intensity Index Approach / Bo Chen and Yao Li

Abstract:
There are two strands of approaches gauging bilateral trade barriers: the gravity models and the trade intensity index. This paper integrates these two approaches by developing a new trade intensity index. This so called “gravity model adjusted trade intensity” (GMATI) index can reflect the short run trade barriers while controlling for the long run ones under global trade context. Based on 182 countries’ export data during 1988–2005, we first estimate the expected bilateral trade level using a gravity model with comparative advantage effects. Then we apply the GMATI index for China. While the conventional trade intensity index shows that China trades less than its expected level, our GMATI index nevertheless suggests the opposite in most cases. It indicates that after considering the effect of country characteristics such as distance, economic size and comparative advantage, China’s world trade face less trade barriers than the world average level.

Full-text available in .pdf

Trade Facilitation Deal Hits Trouble Over Link To Doha ‘Single Undertaking’ / Inside U.S. Trade

Efforts in the World Trade Organization to lay the groundwork for the implementation of the new Trade Facilitation (TF) Agreement hit an obstacle this week when African nations and least-developed countries (LDCs) proposed that the deal not enter finally into force until the conclusion of the Doha round, according to Geneva sources.

The African and LDC groups proposed variations on this idea during a May 26-28 meeting of the Preparatory Committee on Trade Facilitation (PCTF) to discuss the text of the protocol of amendment that will formally make the TF deal part of the WTO agreement, as well as an accompanying General Council decision.

Read the entire article here

Panel Appointed For WTO Mega-Case On Australia Tobacco Packaging / Intellectual Property Watch

World Trade Organization Director General Roberto AzevĂŞdo yesterday appointed three panellists to examine the dispute against an Australian public health measure requiring tobacco products to be sold in plain packaging in the country. A decision in the case will be forthcoming in six months.

To receive the entire article please contact : web.librarian@wto.org

The sectoral reallocation of government purchases as budgetary-neutral stabilisation tool: a model-based analysis / Stefan Hohberger, Lukas Vogel, Bernhard Herz

Abstract:
The paper uses a two-sector DSGE model with nominal and real rigidities to analyse the stabilising properties of fiscal policy rules in a small open economy in monetary union. The focus is on the potential of budgetary-neutral rules that adjust the composition of government purchases between tradable and non-tradable goods in response to business cycle indicators as a stabilisation tool when fiscal limits are tight. The paper finds that the state-dependent reallocation of government purchases between tradable and non-tradable goods stabilises domestic activity and reduces the welfare costs of economy-wide and sector-specific shocks. Potential welfare gains from such policy rules are higher than welfare gains from standard counter-cyclical fiscal policy rules that adjust the overall level of government purchases. Contrary to standard deficit spending policies, the state-dependent expenditure composition rules avoid the trade-off between, first, counter-cyclical spending and, second, consolidation needs in economic downturns in the presence of explicit or implicit deficit and debt limits.

Full-text available in .pdf

Library acquisitions — May 2014

Dear all,

We are pleased to send you our list of selected new acquisitions for May 2014. You can send your requests to Web.Librarian

The list is also available on Library’s website: http://intranet/__resources/library/new_for_you_new_books.html

For continuous updates on the latest trade news, don’t forget to check out the "Latest in trade" http://intranet/en/resources/library/library.htm

Kind regards,

Your WTO Library Team

Covers Title, Authors/Editor details, WTO catalogue records email request links Previews

The preferential liberalization of trade in services: comparative regionalism / edited by Pierre Sauvé, Anirudh Shingal.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925140

Request: web.librarian@wto.org

Preview: http://goo.gl/NikBO7

Handbook of the international political economy of governance / edited by Anthony Payne, Nicola Phillips.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924815

Request: web.librarian@wto.org

Preview: http://goo.gl/ga6BfV

Intellectual property, unfair competition and publicity: convergences and development / edited by Nari Lee … [et al.].

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1923506

Request: web.librarian@wto.org

Preview: http://goo.gl/8J0tvv

Carbon pricing: early experience and future prospects / edited by John Quiggin, David Adamson, Daniel Quiggin.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924476

Request: web.librarian@wto.org

Preview: http://goo.gl/cXJShL

China’s urbanization and the world economy / Fan Zhang.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924441

Request: web.librarian@wto.org

Preview: http://goo.gl/66ip1U

Global health law / Lawrence O. Gostin.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925100

Request: web.librarian@wto.org

Preview: http://goo.gl/at7yZO

The impact of WTO SPS law on EU food regulations / Chris Downes.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925088

Request: web.librarian@wto.org

Review: http://goo.gl/HK42Ly

Introduction to biotechnology / Ashim K. Chakravarty.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925114

Request: web.librarian@wto.org

Review: http://goo.gl/Yb1Fbn

Litigating international law disputes: weighing the balance / edited by Natalie Klein.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925161

Request: web.librarian@wto.org

Preview: http://goo.gl/zyFFnm

The Oxford handbook of international adjudication / editors Cesare PR Romano, Karen J Alter, Yuval Shany.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925090

Request: web.librarian@wto.org

Preview: http://goo.gl/dRftwI

Patent law in global perspective / edited by Ruth L. Okediji, Margo A. Bagley.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925112

Request: web.librarian@wto.org

Preview: http://goo.gl/fm8cN2

Recent developments in trade and the environment / edited by Brian R. Copeland.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1924963

Request: web.librarian@wto.org

Review: http://goo.gl/GNBorv

Research handbook on international energy law / edited by Kim Talus.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925125

Request: web.librarian@wto.org

Preview: http://goo.gl/rxPmcV

Services trade reform: making sense of it / Philippa Dee.

WTO catalogue :

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925159

Request: web.librarian@wto.org

Review: http://goo.gl/jjuhJb

The role of non-price determinants for export demand / Florian Verheyen

Abstract:
This investigation includes non-price factors such as patent applications and government and business characteristics into macroeconomic export demand functions because these determinants might also be relevant for international competitiveness. Results from panel cointegration as well as dynamic panel models for a sample of up to 27 countries from 1980–2011 show that conventional factors like the real effective exchange rate or foreign demand are important determinants of export demand. However, neglecting non-price factors such as patents which proxy innovativeness of a country or political stability which represents a solid business environment also affect export demand significantly positive. Thus, from a policy point of view, the focus on the exchange rate in order to remain competitive in international trade seems to be a too narrow perspective. Instead, politicians should also take care of these supply side factors if their focus is to increase a country’s export competitiveness.

Full-text available in .pdf