International Trade and Economic Development

Description

This graduate textbook offers advanced and contemporary readings in international trade and economic development and provides an overview of the fundamental topics in this area. It brings together many of the issues that are considered staple reading for a course in trade and development and it offers a systematic coverage of the relevant and state of the art research on various aspects of the subject. This includes detailed analysis of important sub-topics such as: trade and labour market, trade and public economics, the theory of the second best, foreign aid, factor mobility, and regional and global welfare. It also covers international trade and labour standards, the informal labour market, and TRIPS.

Aimed at post-graduate students interested in trade theory and applications in development issues, this book should also prove a valuable resource for practicing economists, policy makers, and advanced undergraduate students studying international trade. The text balances extensive coverage of available literature in the area with substantive inclusions from new research published in leading journals and volumes. It aims to fill the gap in the teaching resources and should promote further theoretical and empirical research in the subject.

About the author

Rajat Acharyya is Professor of Economics, and Dean, Faculty of Arts, Jadavpur University, Kolkata. He has taught international economics at various institutes and universities in India and abroad for over two decades and has published extensively in the area. He received the EXIM Bank International Trade Research Award in 1997, the Global Development Network (Washington D.C.) Research Medal in 2003, and the Mahalanobis Memorial Medal Award in 2006. He has held visiting positions at Rochester University (USA), University of Kent at Canterbury (UK) and Utrecht School of Economics (The Netherlands). His research focuses on international trade, product quality and growth, regional trading blocs, and TRIPS and innovation in health care markets.

Saibal Kar is Associate Professor of Economics at the Centre for Studies in Social Sciences, Calcutta (CSSSC). He is a Research Fellow of the Institute for the Study of Labor (IZA) Bonn. He was a Research Fellow of the Alexander von Humboldt Foundation (2008-09) and is a guest lecturer at the Department of Economics, Calcutta University and Presidency University. Saibal has held visiting positions at Amsterdam School of Economics, Santa Fe Institute, HWWI Hamburg, UNU-WIDER, University of East Anglia, and Edith Cowan University. In recent years his research work in the areas of labour economics, international economics, and development economics, with emphasis on international labour migration. have been published in well known international journals. His book The Outsiders: Economic Reform and Informal Labour in a Developing Economy (with S. Marjit) was published by Oxford University Press in 2011.

Table of contents

Introduction
1:International Trade and Development Paradigms
2:Problems of Trade in Primary Commodities
3:Trade, Factors of Production and Growth
4:Foreign Direct Investment and Multinational Firms
5:International Labour Mobility and Welfare
6:Information, Labour Migration, and Occupation
7:Trade, Foreign Aid, and Welfare
8:Trade, Poverty, and Readjustments
9:Regional Trading Arrangements as Development Strategy
10:TRIPS, Product Standards and the Developing Economies
11:International Outsourcing, Off-shoring and Industrialization Strategies
12:Contagion of Crisis and Concluding Remarks