Current Trends in Foreign Trade Theory and Policy

• Authors: Puślecki Zdzisław W.
• Languages of publication: EN

Abstracts

EN

In this research work, Author focus on the current analysis trends in foreign trade theory and policy. Accordance with the foreign trade policy theory further trade liberalisation and improved framework policies would increase trade and promote growth. It must be emphasized that openness to trade is associated with higher incomes and growth and there is the need for new approaches to trade cooperation in light of the forces that are currently re-shaping international business. What indicates the importance and innovativeness of the research is the presentation of the new models of the foreign trade policy and trade interests. First of all, it must underline that in the new theoretical terms in demand for trade policy very important is factor specificity. The low specificity of factors means that factor returns are equalized throughout a region’s economy. On the other hand, some factors are stuck in their present uses; therefore, factor returns are not equalized throughout a region’s economy but are industry specific. The main objective of the research task is to give a comprehensive analysis of current trends in foreign trade theory and policy and in particular models of foreign trade policy, trade interests indicated by export orientation and import sensitivity, foreign trade policy in different types of authoritarian regimes, protectionist pressures in different political system, the level of protectionist pressures, the tendencies to bilateralism in the foreign trade policy. It should be stressed that free trade in itself is not responsible for economic growth, but more significant are the determining macroeconomic stability and increasing investment.

Keywords

EN

foreign trade policy; public choice; liberalism; protectionism; authoritarian regimes; bilateralism

• Publisher: Wydawnictwo Adam Marszałek
• Journal: Polish Political Science Yearbook
• Year: 2017
• Volume: 2 (46)
• Pages: 135–149

Contributors

author

Puślecki Zdzisław W.

• Adam Mickiewicz University in Poznań (Poland)

References

• Alt, J.E., & Gilligan, M.J. (1994). "The Political Economy of Trading States". Journal of Political Philosophy, 2, pp. 165-192.
• Alt, J.E., Frieden, J., Gilligan, M.J., Rodrik, D., & Rogowski, R.. (1996). "The Political Economy of International Trade: Enduring Puzzles and an Agenda for Inquiry". Comparative Political Studies, 29, pp. 689-717.
• Banerji, A., & Ghanem, H. (1997). "Does the Type of Political Regime Matter for Trade and Labour Market Policies?". The World Bank Economic Review, 11, pp. 173.
• Caughlin, C.C., Chrystal, K.A., & Wood, G.E. (1995). “Protectionist Trade Policies: A Survey of Theory, Evidence, and Rationale". In J.A. Frieden & D.A. Lake (Eds.), International Political Economy: Perspectives on Global Power and Wealth. New York: St Martin’s Press.
• Coleman, W. D. (1998)."From Protected Development to Market Liberalism. Paradigm Change in Agriculture". Journal of European Public Policy, 5, pp. 632-651.
• Devarajan, S., Ghanem, H., & Thierfelder, K., (1997). "Economic Reform and Labor Unions: A General Equilibrium Analysis Applied to Bangladesh and Indonesia". The World Bank Economic Review, 11(1), pp. 145-170.
• Eagleton-Pierce M. (2013). Symbolic Power in the World Trade Organization, Oxford University Press, Oxford.
• Foray, D., & Freeman, C., (1993). Technology and the Wealth of Nations: The Dynamics of Constructed Advantage. London: Pinter
• Freeman, C., (1987). Technology Policy and Economic Performance: Lessons from Japan. London: Pinter.
• Freeman, C., (1988). "Japan, a New System of Innovation". In G. Dosi, C. Freeman, R. R. Nelson, G. Silverberg & L. Soete (Eds.), Technical Change and Economic Theory (pp. 31-54), London: Pinter
• Freeman, R., (1993). Does Suppression of Labor Contribute to Economic Success? Labor Relations and Markets in East Asia. Cambridge-London: Harvard University Press & Processed.
• Frey, B.S., (1984). "The public Choice View of International Political Economy". International Organization, 38, pp. 199-223.
• Frey, B.S., Pommerehne W., Schneider, F., & Gilbert, G. (1984). "Consensus and Disconsensus among Economists: An Empirical Inquiry". American Economic Review 74, pp. 986-994.
• Frieden, J., (1991). Debt, Development and Democracy. Princeton: Princeton University Press.
• Frieden, J., & Rogowski, R. (1996). "The Impact of International Economy on National Policies: An Intellectual Overview". In R.O., Keohane & H. V., Milner (Eds) Internationalization and Domestic Politics. Cambridge: Cambridge University Press.
• Jackson R. J., (2013). Global Politics in the 21st Century. New York: Cambridge University Press,
• Grossman, G., & Helpman, E. (1994). "Protection for Sale". American Economic Review, 84(4).
• Hadenius, A., &Teorell, J., (2007). "Pathways from Authoritarianism". Journal of Democracy 18 (1), 145-156.
• Hankla, Ch., (2006). "Party Strength and International Trade: A Cross National Analysis". Comparative Political Studies 39 (9), 1133-1156
• Hankla, Ch., & Kuthy, D. (2013). “Economic Liberalism in Illiberal Regimes Authoritarian Variation and the Political Economy of Trade”, International Studies Quarterly, A Journal of the International Studies Association, 57(3), pp. 492-504.
• Helliwel, J.F. (1992). "Empirical Linkages between Democracy and Economic Growth". Working Paper 4066. National Bureau of Economic Research, Cambridge: Processed
• Jackson, R. J., (2013). Global Politics in the 21st Century. New York: Cambridge University Press.
• Jones K., (2015). Reconstructing the World Trade Organization for 21st Century, An Institutional Approach. Oxford-New York: Oxford University Press.
• Kennedy, R. (2007). "Fragments of Economic Accountability and Trade Policy". Foreign Policy Analysis, 3, pp. 145-169.
• Kirshner O. (2013). American Trade Politics and the Triumph of Globalism. New York- London: Routledge.
• Kleinberg, K.B., & Fordham, B.O., (2013). "The Domestic Politics of Trade and Conflict". International Studies Quarterly, A Journal of the International Studies Association, 57(3), pp. 605-619.
• Kleinberg, K.B., & Fordham. B.O., (2010). "Trade and Foreign Policy Attitudes". Journal of Conflict Resolution, 54(5), pp. 687-914.
• Krasner, S. D. (1976). "State Power and the Structure of International Trade". World Politics, 28, pp. 317-347.
• Krist W., (2013). Globalization and America’s Trade Agreements. Baltimore: John Hopkins University Press.
• Magee, S. P., Brock, W.A., & Young, L.B. (1989). Hole Tariffs and Endogenous Policy Theory Political Economy in General Equilibrium. Cambridge: Cambridge University Press.
• Milner, H.V., (1995). "Resisting the Protectionism Temptation: Industry and the Making of Trade Policy in France and the United States during the 1970s". In J. A. Frieden & D. A.Lake (Eds), International Political Economy: Perspectives on Global Power and Wealth. New York: St Martin’s Press.
• Milner, H.V., & Yoffie D.B. (1989). "Between Free Trade and Protectionism: Strategic Trade Policy and a Theory of Corporate Trade Demands". International Organization, 43, pp. 239-272.
• Murphy, K.M., Shleifer A., & Vishny R.W. (1993). "Why is Rent-Seeking so Costly to Growth?". The American Economic Review, 83, pp. 409-414.
• Nau, H.R. (1989). "Domestic Trade Politics and the Uruguay Round: An Overview". In H.R. Nau (Ed.), Domestic Trade Politics and the Uruguay Round. New York: Columbia University Press.
• Nelson, D.L. (1988). "Endogenous Tariff Theory: A Critical Review". American Journal of Political Science, 32, pp. 796-837.
• Nielson, D.L. (2003). "Supplying Trade Reform: Political Institutions and Liberalization in Middle-Income Presidetial Democracies". American Journal of Political Science, 47, pp. 470-491.
• Olson, M. (1985). "Space, Agriculture and Organization". American Journal of Agricultural Economics, 67, pp. 928-937.
• Olson, M. (1986). "The Exploitation and Subsidization of Agriculture in Developing and Developed Countries". In A. Maunder, & U. Renborg (Eds). Agriculture in a Turbulent World Economy. Gower: Aldershot.
• Pepinsky, T. B., (2008). "Capital Mobility and Coalitional Politics: Authoritarian Regimes and Adjustment in Southeast Asia". World Politics, 60, pp. 438-474.
• Radice, H. (2015). Global Capitalism. Selected Essays. London- New York: Routledge.
• Ravenhill J. (2014). Global Political Economy. Oxford: Oxford University Press.
• Rodrik, D. (1995). "Political Economy of Trade Policy". In G. Grossman, & K. Rogoff (Eds), Handbook of International Economics. Amsterdam: Elsevier Science.
• Rogowski, R. (1989). Commerce and Coalitions. Princeton: Princeton University Press,
• Rogowski, R. (1987). "Political Cleavages and Changing Exposures to Trade". American Political Science Review, 81, pp. 1121-1137.
• Rogowski, R. (1987). "Trade and the Variety of Democratic Institutions". International Organization 41, pp. 203-222.
• Schattschneider, E.E. (1935). Politics, Pressure and the Tariff. New York: Prentice Hall
• Sheingate, A.D. (2001). The Rise of Agricultural Welfare State: Institutions and Interests Group Power in the United States, France, and Japan. Princeton: Princeton University Press.
• Thies, C.G., & Porche, S. (2007). "Crawfish Tails: A Curious Tale of Foreign Trade Policy Making". Foreign Policy Analysis, 3, pp. 171-187.
• Wright, J., (2008a). "Do Authoritarian Institutions Constrain? How Legislatures Affect Economic Growth and Investment". American Journal of Political Science, 52(2), pp. 322-343
• Wright, J., (2008b). "Insurance or Investment? How Authoritarian Time Horizons Impact Foreign Aid Effectiveness".Comparative Political Studies, 41(7), pp. 971-1000.