How Trade Liberalization Affects a Sugar Dependent Community in Jamaica

How Trade Liberalization Affects a Sugar Dependent Community in Jamaica
Author: Donovan Stanberry
Publisher: Springer Nature
Total Pages: 294
Release: 2021-12-12
Genre: Business & Economics
ISBN: 3030893596

Located within the plantation economy model of the “New World Group” of The University of the West Indies, this book explores how the changes in the European Union’s sugar regime impacted a sugar-dependent community in Jamaica. It details how the end of centuries of preferential treatment of Jamaican sugar in the British/European market in 2005 worsened the social and environmental realities of the Monymusk community in Clarendon, Jamaica, which depended on the sugar industry. In describing the response of the Jamaican Government to the changes in the EU Sugar Regime, and the subsequent roll-out of an EU funded adaptation strategy, the author provides some unique perspectives on this process, drawing on his experience as a senior civil servant involved in the process. The book also highlights the continued social and environmental impact on the area since 2015 . The book concludes with a discussion on the empirical findings and how those findings contribute to the debates on the dependency perpetuated by the Plantation Economy Model of development and the failure of neo-liberal influenced government policies, as well as the lack of imagination of post-independent governments to break this dependency and deliver on the promise of independence.

Trade Liberalization

Trade Liberalization
Author: Romain Wacziarg
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2018
Genre: Free trade
ISBN: 9781788111492

This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.

The Order of Economic Liberalization

The Order of Economic Liberalization
Author: Ronald I. Mckinnon
Publisher: JHU Press
Total Pages: 260
Release: 1993-10
Genre: Business & Economics
ISBN: 9780801847431

Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

Trade Liberalisation and Economic Development in Africa

Trade Liberalisation and Economic Development in Africa
Author: Gift Mugano
Publisher: Routledge
Total Pages: 179
Release: 2021-09-30
Genre: Business & Economics
ISBN: 100045794X

This book provides a thorough and rigorous discussion on the impact of trade liberalisation on economic development with a special focus on the African continent. The author presents the rationale for trade liberalisation, trade liberalisation frameworks, the trade liberalisation economic development nexus, impediments to trade, and contemporary issues of international trade. In this book, notwithstanding the benefits from trade liberalisation, the author shows that African trade as a share of global trade has remained flat at 3% as in 1975, while the continent’s exports have remained raw materials and its intra-regional trade at less than 15% of total trade, which is the lowest in the world (UNCTAD, 2020). With respect to key economic development indicators such as economic growth, poverty levels, and employment levels, this book shows that, ironically and in direct contrast with the conventional views that trade liberalisation alleviates poverty, trade liberalisation in Africa has resulted in high levels of unemployment and low economic growth which ultimately lead to increased poverty. In addition, this book provides a detailed analysis of why trade liberalisation has failed to yield meaningful benefits to Africa. The binding constraints and blockages which prevent positive spin-offs on trade liberalisation in Africa are discussed in detail in this book. In the same vein, the author provides practical strategies which must be adopted by African countries in order to gain from trade liberalisation, making this work a must-read for African governments, academia, trade experts, regional trading blocs, the World Trade Organization, and development partners. In view of this, and as part of the disruptive and structural transformation policies, the author discusses case studies and international experience contextualised to Africa as well as strategies for addressing the trade-related infrastructure gap, production capacities, export promotion, and aid for trade.

Trade Liberalization

Trade Liberalization
Author: Pauline Santos
Publisher:
Total Pages: 120
Release: 2015
Genre: BUSINESS & ECONOMICS
ISBN: 9781634839587

This book provides research on the global policies, benefits and economic risks of trade liberalization. The purpose of the first chapter is to examine the role of agricultural trade in promoting global food security. The second chapter discusses corporate social responsibility, trade liberalization and global welfare. Chapter three sheds light on the role of the state in determining international competitiveness of agricultural commodities and the pattern of agricultural trade. The final chapter of this book studies the impact of trade liberalization on the Australian manufacturing sector.

Trade Liberalization and Poverty

Trade Liberalization and Poverty
Author: Neil McCulloch
Publisher: Centre for Economic Policy Research
Total Pages: 436
Release: 2001
Genre: Business & Economics
ISBN: 9781898128625

Openness to trade is a key element of economic policy; continuing extreme poverty in developing countries is a disgrace. This Handbook examines how concerns about the world's poor should affect our attitude towards trade liberalization. Part I draws on economic analysis and practical experience to construct a framework to analyse the links between trade liberalization and poverty. It shows policy-makers how to identify the critical features in their economies so they can ensure that the poor benefit from liberalization. Part II explores the reform of particular sectors -- agriculture, services, etc., and particular instruments of trade policy -- export subsidies, anti-dumping measures, etc. It presents an economic analysis of each type of reform, shows the likely outcome for the poor, and discusses the issue's status on the World Trade Organization's agenda. Book jacket.

Agricultural Trade Liberalization

Agricultural Trade Liberalization
Author: Marcos Sawaya Jank
Publisher: IDB
Total Pages: 399
Release: 2004
Genre: Agriculture and state
ISBN: 193100367X

"Agricultural Trade Liberalization investigates key issues in the Western Hemisphere, including potential scenarios for liberalization at the regional and multilateral levels, the effects of U.S. and European Union agricultural policies on trade, and the outcomes that a Free Trade Area of the Americas and a European Union-Mercosur trade agreement might have on agricultural trade flows. The book also examines the impact of sanitary and phytosanitary measures and biotechnology on agricultural trade, integration of sugar and dairy markets in the Americas, and a comparison of agri-food industries in the United States and Brazil. Finally, the book provides and overview of agricultural liberalization in the U.S.-Central American Free Trade Agreement and suggests a food security typology to be utilized by the World Trade Organization."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Domestic Regulation and Service Trade Liberalization

Domestic Regulation and Service Trade Liberalization
Author: Pierre Sauve
Publisher: World Bank Publications
Total Pages: 246
Release: 2003-08-29
Genre: Political Science
ISBN: 0821383434

Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.

Globalization and Poverty

Globalization and Poverty
Author: Ann Harrison
Publisher: University of Chicago Press
Total Pages: 674
Release: 2007-11-01
Genre: Business & Economics
ISBN: 0226318001

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.