Theorizing EU trade politics

This special issue aims to take the first step towards an inter-paradigmatic debate in the study of European Union trade politics

Adding value through policy-oriented research: reflections of a scholar-practitioner

Any evaluation of the benefits of policy-oriented social science research faces fundamental difficulties. These include the uncertainty in determining a causal link between research and the outcome of a policy or the value of a policy outcome. Nonetheless, firm connections can be established between policy research and policy outcomes if there are strong links that bridge the gaps between social science research and the various parts of the policy process. These connections can be established often enough to make it possible to learn about the relationship between research and outcome and the key variables that affect the social profitability of the underlying research. This essay uses the author's experience with agricultural price policies in Asia, Indonesia in particular, to examine these connections. Four issues pervade the analysis of price policy in Asia: How does an analyst know what policy is best? How can an analyst best communicate the results of research to policymakers? Can a new policy be implemented? Does the new policy work? This last issue, the evaluation of policy, is often neglected, but it can provide an important input into the design of policy and should be made an integral part of any policy process. The author's experience in Indonesia suggests four factors that can make policy-oriented research successful. First, the analyst should be involved with the same policymakers or in the same policy setting for the long term. Second, there is a need to find a balance between keeping analysis and advice confidential and the ultimate publication of the key models and results. Third, the analysts should rely on the analytical paradigms of the mainstream of the economic profession even while examining deviations from their underlying assumptions. Lastly, there should be continuing demand from policymakers for problem-oriented analysis.Social sciences Research., Prices Government policy Bangladesh., Indonesia Economic policy., Impact assessment,

Economic and Welfare Impacts of the EU-Africa Economic Partnership Agreements

Th is study examines the economic and social impacts of the trade liberalization aspects of the proposed Economic Partnership Agreements (EPAs) between the European Union (EU) and African countries. It provides a quantitative assessment of the likely implications of EPAs establishing Free Trade Areas (FTAs) between the EU and the various African Regional Economic Communities (RECs). Th e focus of the empirical analysis is on the trade liberalization component of the EPAs. In particular, the following questions are addressed. First, how will an EPA that includes reciprocal market access agreements between the EU and Africa impact on African countries’ GDPs, levels of employment and other macroeconomic aggregates? Second, what sectors in Africa are most likely to lose and what sectors gain with EPAs? Th ird, what are the welfare implications for African countries from the EPAs? Fourth, how will the formation of EPAs aff ect trade expansion through trade creation and trade diversion eff ects? Fifth, what are the potential fi scal implications of the EPAs? Th e main conclusions drawn from the results and the discussions are that full reciprocity will be very costly for Africa irrespective of how the issue is looked at. A focus on deepening integration with a view to enhancing intra-African trade would provide positive results. But it is the scenario that off ers unrestricted market access for Africa, which deals eff ectively with barriers associated with sensitive European products, that portends the largest gain for the continent. Even with reciprocity, a free trade area that includes sectors of export interest to Africa and one that deals with non-tariff barriers promises positive results for African countries.EPA- Africa- Europe

CURRENT ISSUES AFFECTING TRADE AND TRADE POLICY: AN ANNOTATED LITERATURE REVIEW

This review provides a base of literature describing current issues and research on the impacts of lobalization and the industrialization of agriculture and recent approaches to analyze and model agricultural trade and trade policies. Three key factors of the survey are differentiated goods, global economic integration and international supply chain linkages. The review covers 182 publications, which are presented alphabetically by author with a brief annotation describing how it relates to the above criteria. The articles are also indexed by keyword. A brief summary highlights the documented literature and includes a series of issues for future discussion and research.International Relations/Trade,

Non-Tariff Measures: What do we Know, What Should be Done?

With the reduction in tariff barriers, Non-tariff and behind-the-border measures (NTM and BTB) have increased in importance. This paper surveys the state of knowledge with the view to drawing implications for policy suggestions to reduce those NTM barriers that are welfare reducing. Following a description of data bases and their shortcomings, the paper reviews the state of understanding on the effects of NTMs on trade flows. The more difficult issue of translating these effects into welfare implications are covered next. The paper concludes with different approaches at reducing NTMs.

U.S.-Japan and U.S.-China trade conflict : export growth, reciprocity, and the international trading system

First Japan and more recently China have pursued export-oriented growth strategies. While other Asian countries have done likewise, Japan and China are of particular interest because their economies are so large and the size of the associated bilateral trade imbalances with the United States so conspicuous. In this paper the authors focus on U.S. efforts to restore the reciprocal GATT/WTO market-access bargain in the face of such large imbalances and the significant spillovers to the international trading system. The paper highlights similarities and differences in the two cases. The authors describe U.S. attempts to reduce the bilateral imbalances through targeted trade policies intended to slow growth of U.S. imports from these countries or increase growth of U.S. exports to them. They then examine how these trade policy responses, as well as U.S. efforts to address what were perceived as underlying causes of the imbalances, influenced the evolution of the international trading system. Finally, the authors compare the macroeconomic conditions associated with the bilateral trade imbalances and their implications for the conclusions of the two episodes.Free Trade,Trade Law,Economic Theory&Research,Trade Policy,Currencies and Exchange Rates