The World Economy: Global Trade Policy 2012 (World Economy Special Issues)

This is the nineteenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level Includes chapters exploring WTO issues, and agricultural trading issues Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews Analyses global trade policy in areas such as Australia and Sri Lanka, and includes special sections on both China and Malaysia A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues 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 -- 2: Trade Policy Review for China: Continuing Globalisation Amidst the World Financial Crisis -- Introduction -- Main Developments of China's Trade Policies -- Economic Development and Structural Changes -- Domestic Investment and Consumption -- International Trade -- Foreign Direct Investments (FDI) -- Outwards Foreign Direct Investments (OFDI) -- Key Challenges on China's Economy and Trade -- Conclusions -- References -- 3: Sri Lanka's Trade Policy: Reverting to Dirigisme? -- Introduction -- Policy Context -- Economic Environment -- Policy Measures Directly Affecting Imports -- Export Duties and Incentives -- Foreign Direct Investment -- Other Policies Affecting Trade and Investment -- State-Owned Enterprises -- Automobile Industry -- Free Trade Agreements -- Conclusion -- References -- SPECIAL FEATURE ON MALAYSIA -- 4: Malaysia: A Success Story Stuck in the Middle? -- Introduction -- Malaysia's Development Record -- a. Rapid Economic Growth -- b. Rapid Structural Change -- c. Consistent Openness -- d. Competent Macroeconomic Management -- e. Mixed Social Progress -- f. Sclerotic Political Economy and Institutions -- Is Malaysia 'Stuck in the Middle'? -- Conclusion -- References -- CURRENT ISSUES IN CHINA -- 5: Zhu Rongji Might Be Right: Understanding the Mechanism of Fast Economic Development in China -- Introduction -- Some Stylised Facts About Capital Accumulation in China Over the Past 20 Years -- How Did the New Fiscal Reform Change the Growth Pattern? -- Role-Play of Regional Governments and Local Finance -- Conclusion -- References This volume is the eleventh in an annual series in which top economists provide a concise and accessible evaluation of major developments in trade and trade policy.