Thoughts on the Political Economy of International Trade

• Authors: Jacek Lewkowicz

Abstracts

EN

International trade appears to be strongly dependent on the political environment and institutional arrangements. In this context, the commented strand of economics is expected to follow the relationships that can be turbulent. The paper reviews the available literature on international trade, with a particular focus on aspects of the political economy. These threads are described in the context of the past and present literature, as well as prospects for future research. Over the decades, the focus of the debate has shifted strongly. The analysed issues reflect not only current events affecting the shape of international trade, but also the availability of data or the growing range of quantitative tools. The observed progress and evolution of the political economy of international trade has brought numerous conclusions of scientific and practical importance.

Keywords

EN

political economy; international trade; institutional economics

• Publisher: Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
• Journal: Central European Economic Journal
• Year: 2023
• Volume: 11
• Issue: 58
• Pages: 33-41

Dates

published

2024

Contributors

author

Jacek Lewkowicz

• Uniwersytet Warszawski

References

• Abendin, S., & Duan, P. (2021). International Trade and Economic Growth in Africa: The Role of the Digital Economy. Cogent Economics & Finance, 9(1). https://doi.org/10.1080/23322039.2021.1911767
• Amano, A. (1977). Specific Factors, Comparative Advantage and International Investment. Economica, 44(174), 131–144. https://doi.org/10.2307/2553716
• Andonova, L., Mansfield, E. D., & Milner, H. V. (2007). International Trade and Environmental Policy in the Postcommunist World. Comparative Political Studies, 40(7), 782–807. https://doi.org/10.1177/0010414006293
• Azmeh, S., Foster, Ch., & Echavarri, J. (2020). The International Trade Regime and the Quest for Free Digital Trade. International Studies Review, 22(3), 671–692. https://doi.org/10.1093/isr/viz033
• Baccini, L., & Kim, S. Y. (2012). Preventing Protectionism: International Institutions and Trade Policy. The Review of International Organizations, 7, 369–398. https://doi.org/10.1007/s11558-011-9140-7
• Batra, R. N., & Ramachandran, R. (1980). Multinational Firms and the Theory of International Trade and Investment. American Economic Review, 70(3), 278–290. https://www.jstor.org/stable/1805219
• Beaulieu, E., & Gaisford, J. (2002). Labour and Environmental Standards: The ‘Lemons Problem’ in International Trade Policy. World Economy, 25(1), 59–78. https://doi.org/10.1111/1467-9701.00420
• Branson, W. H., Junz, H. B., Gordon, R. A., & Krause, L. (1971). Trends in U.S. Trade and Comparative Advantage. Brookings Papers on Economic Activity, 2, 285–345. https://doi.org/10.2307/2534225
• Boylan, B. M., McBeath, J., & Wang, B. (2021). US–China Relations: Nationalism, the Trade War, and COVID-19. Fudan Journal of the Humanities and Social Sciences, 14, 23–40. https://doi.org/10.1007/s40647-020-00302-6
• Cohen, B. J. (1990). The Political Economy of International Trade. International Organization, 44(2), 261–281. https://doi.org/10.1017/S002081830003527X
• Copeland, B. R. (2013). Trade and the Environment. In D. Bernhofen, R. Favley, D. Greenaway, & U. Kreickemeier (Eds.), Palgrave Handbook of International Trade. Palgrave Macmillan. https://doi.org/10.1007/978-0-230-30531-1
• Cox, D., & Harris, R. (1985). Trade Liberalization and Industrial Organization: Some Estimates for Canada. Journal of Political Economy, 93(1), 115–145. https://doi.org/10.1086/261290
• DeSombre, E. R., & Barkin, J. S. (2002). Turtles and trade: Turtles and Trade: The WTO‘s Acceptance of Environmental Trade Restrictions. Global Environmental Politics, 2(1), 12–18. https://doi.org/10.1162/152638002317261445
• Dornbush, R., Fischer, S., & Samuelson, P. A. (1977). Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods. American Economic Review, 67(5), 823–839. http://www.jstor.org/stable/1828066
• Du Plessis, Ch., & Brandon, P. (2015). An Ecological Worldview as Basis for a Regenerative Sustainability Paradigm for the Built Environment. Journal of Cleaner Production, 109, 53–61. https://doi.org/10.1016/j.jclepro.2014.09.098
• Ederington, J., & Minier, J. (2003). Is Environmental Policy a Secondary Trade Barrier? An Empirical Analysis. Canadian Journal of Economics, 36(1), 137–154. https://doi.org/10.1111/1540-5982.00007
• Ederwick, P. (2011). Understanding the Rise of Global Protectionism. Thunderbird International Business Review, 53(3), 325–336. https://doi.org/10.1002/tie.20410
• Findlay, R. (1970). Factor Proportions and Comparative Advantage in the Long Run. Journal of Political Economy, 78(1), 27–34. https://doi.org/10.1086/259598
• Grossman, G. M., & Helpman, E. (1989). Product Development and International Trade. Journal of Political Economy, 97(6), 1261–1283. https://doi.org/10.1086/261653
• Grubert, H., & Mutti, J. (1991). Taxes, Tariffs and Transfer Pricing in Multinational Corporate Decision Making. The Review of Economics and Statistics, 73(2), 285–293. https://doi.org/10.2307/2109519
• Haggard, S., & Simmons, B. A. (1987). Theories of International Regimes. International Organization, 41(3), 491–517. https://doi.org/10.1017/S0020818300027569
• Hansen, W. L. (1990). The International Trade Commission and the Politics of Protectionism. American Political Science Review, 84(1), 21–46. https://doi.org/10.2307/1963628
• Harkness, J., & Kyle, J. F. (1975). Factors Influencing United States comparative advantage. Journal of International Economics, 5(2), 153–165. https://doi.org/10.1016/0022-1996(75)90002-1
• Helpman, E. (1984). A Simple Theory of International Trade with Multinational Corporations. Journal of Political Economy, 92(3), 451–471. https://doi.org/10.1086/261236
• Hipple, F. S. (1990). The Measurement of International Trade Related to Multinational Companies. American Economic Review, 80(5), 1263–1270. https://www.jstor.org/stable/2006777
• Howse, R., & Langille, J. (2023). Continuity and Change in the World Trade Organization: Pluralism Past, Present, and Future. American Journal of International Law, 117(1), 1–47. https://doi.org/10.1017/ajil.2022.82
• Hu, X., & Yin, X. (2022). Do Stronger Intellectual Property Rights Protections Raise Productivity within the Context of Trade Liberalization? Evidence from China. Economic Modelling, 110, 105791. https://doi.org/10.1016/j.econmod.2022.105791
• Kogut, B. (1984). Normative Observations on the International Value-Added Chain and Strategic Groups. Journal of International Business Studies, 15, 151–167. https://doi.org/10.1057/palgrave.jibs.8490488
• Krasner, S. D. (1976). State Power and the Structure of International Trade. World Politics, 28(3), 317–347. https://doi.org/10.2307/2009974
• Levy, D. L. (1995). International Sourcing and Supply Chain Stability. Journal of International Business Studies, 26, 343–360. https://doi.org/10.1057/palgrave.jibs.8490177
• Luo, Y. (2022). A General Framework of Digitization Risks in International Business. Journal of International Business Studies, 53, 344–361. https://doi.org/10.1057/s41267-021-00448-9
• MacIsaac, S., & Duclos, B. C. (2020). Trade and Conflict: Trends in Economic Nationalism, Unilateralism and Protectionism. Canadian Foreign Policy Journal, 26(1), 1–7. https://doi.org/10.1080/11926422.2020.1714682
• Matthess, M., & Kunkel S. (2020). Structural Change and Digitalization in Developing Countries: Conceptually Linking the Two Transformations. Technology in Society, 63, 101428. https://doi.org/10.1016/j.techsoc.2020.101428
• McAusland, C., & Millimet, D. L. (2013). Do National Borders Matter? Intranational Trade, International Trade, and the Environment. Journal of Environmental Economics and Management, 65(3), 411–437. https://doi.org/10.1016/j.jeem.2012.10.001
• Milner, H. (1999). The Political Economy of International Trade. Annual Review of Political Science, 2, 91–114. https://doi.org/10.1146/annurev.polisci.2.1.91
• Morin, J. F., Dür, A., & Lechner, L. (2018). Mapping the Trade and Environment Nexus: Insights from a New Data Set. Global Environmental Politics, 18(1), 122–139. https://doi.org/10.1162/GLEP_a_00447
• Neal, L. (1979). The Economics and Finance of Bilateral Clearing Agreements: Germany, 1934–8. The Economic History Review, 32(3), 391–404. https://doi.org/10.2307/2595705
• Nollen, S. D., & Iglarsh, H. J. (1990). Explanations of Protectionism in International Trade Votes. Public Choice, 66, 137–153. https://doi.org/10.1007/BF00127798
• Oatley, T. (2022). International political economy (7th edition). Routledge. https://doi.org/10.4324/9781003276524
• Porter, M. (1986). Changing Patterns of International Competition. California Management Review, 28(2), 9–40. https://doi.org/10.2307/41165182
• Prakash, A., & Potoski, M. (2006). Racing to the Bottom? Trade, Environmental Governance, and ISO 14001. American Journal of Political Science, 50(2), 350–364. https://doi.org/10.1111/j.1540-5907.2006.00188.x
• Pryke, S. (2012). Economic Nationalism: Theory, History and Prospects. Global Policy, 3(3), 281–291. https://doi.org/10.1111/j.1758-5899.2011.00146.x
• Rammal, H. G., Rose, E. L., Ghauri, P. N., Jensen, P. D., Kipping, M., Petersen, B., & Scerri, M. (2022). Economic Nationalism and Internationalization of Services: Review and Research Agenda. Journal of World Business, 57(3), 101314. https://doi.org/10.1016/j.jwb.2022.101314
• Rose, A. K. (2005). One Reason Countries Pay Their Debts: Renegotiation and International Trade. Journal of Development Economics, 77(1), 189–206. https://doi.org/10.1016/j.jdeveco.2004.03.006
• Schatz, A. W. (1970). The Anglo-American Trade Agreement and Cordell Hull‘s Search for Peace 1936–1938. Journal of American History, 57(1), 85–103. https://doi.org/10.2307/1900551
• Starr, R. (1973). A New Legal Framework for Trade Between the United States and the Soviet Union: The 1972 US-USSR Trade Agreement. American Journal of International Law, 67(1), 63–83. https://doi.org/10.2307/2199094
• van Aaken, A., & Kurtz, J. (2019). Beyond Rational Choice: International Trade Law and The Behavioral Political Economy of Protectionism. Journal of International Economic Law, 22(4), 601–628. https://doi.org/10.1093/jiel/jgz034
• White, R. C. (1975). A New International Economic Order. International & Comparative Law Quarterly, 24(3), 542–552. https://doi.org/10.1093/iclqaj/24.3.542
• Wiedmann, T., & Lenzen, M. (2018). Environmental and Social Footprints of International Trade. Nature Geoscience, 11, 314–321. https://doi.org/10.1038/s41561-018-0113-9
• Wu, J., Luo, Z., & Wood, J. (2023). How do Digital Trade Rules Affect Global Value Chain Trade in Services?-Analysis of Preferential Trade Agreements. The World Economy, 46(1), 3026–3047. https://doi.org/10.1111/twec.13412
• Xu, X. (2000). International Trade and Environmental Regulation: Time Series Evidence and Cross Section Test. Environmental and Resource Economics, 17, 233–257. https://doi.org/10.1023/A:1026428806818
• Young, O. R. (1986). International Regimes: Toward a New Theory of Institutions. World Politics, 39(1), 104–122. https://doi.org/10.2307/2010300

Identifiers

DOI

10.2478/ceej-2024-0004

Biblioteka Nauki

29431105