Many governments offer significant inducements to attract inward investment, motivated by the expectation of spillover benefits. This paper begins by reviewing possible sources of spillovers. It then provides a comprehensive evaluation of the empirical evidence on productivity, wages and exports...

The standard measures of effective protection calculate EPRs by reference to an activity′s principal product. In many activities by‐products which have a positive economic value are important. Revises the standard measures to allow for the incorporation of by‐products and uses an example...

This article modifies a framework developed in industrial organisation analysis to identify the nature of the gains associated with pure intra‐industry exchange, and to isolate the factors which may influence their magnitude. The analysis suggests that since the magnitude of any gains is...

The distinction between nominal and effective tariffs (or protection) is well established in the theoretical literature, albeit in the context of the traditional analysis of inter‐industry trade flows. This analysis is based upon assumptions such as product and production homogeneity,...

Voluntary export restraints (VERs) have been widely used in recent years. VERs may be applied on a quantity or a ratio basis. A simple on‐equivalence between volume and ratio VERs is noted and potential political economy aspects are commented on.

Intro -- Title page -- Copyright page -- Contents -- Notes on Contributors -- TRADE POLICY REVIEWS -- 1: Australian Trade Policy Strategy Contradictions -- Background -- The Australian Trade Policy Context -- Trade Policy Review -- Moving Forward from Preferentialism -- Conclusion -- References...

A great deal of public policy is harnessed to raising productivity growth. Although it is believed that the process is intimately linked to globalization, the precise links are less well known. This volume offers a comprehensive overview of links between international trade, foreign direct...

Globalization and the growing integration of national markets have had profound effects on the operation of markets, not least labour markets. In this book, a range of leading commentators on globalization and labour markets present original contribution on the interaction between these two...

The rising importance of China and its impact on the world economy has attracted massive interest worldwide. This book examines a wide range of issues related to China and its relationship with the world economy, focusing on its successful development experiences and how its rise may affect the...