U.S. Support for the Labor-Trade Linkage in the WTO: Analyzing Success and Failure of the AFL-CIO's Efforts to Set the U.S. International Trade Agenda

Author(s):  
Friederike Hoffmann
Keyword(s):  
2014 ◽  
Vol 41 (1) ◽  
pp. 60-75
Author(s):  
Tomasz M. Napiórkowski

Abstract The aim of this research is to asses the hypothesis that foreign direct investment (FDI) and international trade have had a positive impact on innovation in one of the most significant economies in the world, the United States (U.S.). To do so, the author used annual data from 1995 to 2010 to build a set of econometric models. In each model, 11 in total) the number of patent applications by U.S. residents is regressed on inward FDI stock, exports and imports of the economy as a collective, and in each of the 10 SITC groups separately. Although the topic of FDI is widely covered in the literature, there are still disagreements when it comes to the impact of foreign direct investment on the host economy [McGrattan, 2011]. To partially address this gap, this research approaches the host economy not only as an aggregate, but also as a sum of its components (i.e., SITC groups), which to the knowledge of this author has not yet been done on the innovation-FDI-trade plane, especially for the U.S. Unfortunately, the study suffers from the lack of available data. For example, the number of patents and other used variables is reported in the aggregate and not for each SITC groups (e.g., trade). As a result, our conclusions regarding exports and imports in a specific SITC category (and the total) impact innovation in the U.S. is reported in the aggregate. General notions found in the literature are first shown and discussed. Second, the dynamics of innovation, trade and inward FDI stock in the U.S. are presented. Third, the main portion of the work, i.e. the econometric study, takes place, leading to several policy applications and conclusions.


1995 ◽  
Vol 19 (2) ◽  
pp. 125-146
Author(s):  
Mark D. Partridge

2012 ◽  
Vol 601 ◽  
pp. 537-541
Author(s):  
Di Chen ◽  
Jie Lv

This paper examines China's peanut industry's competitiveness under the framework of international trade by appliying comparative statics and emperical method. Specifically, datas including price, market share, competitiveness index and revealed comarative adavantage index are measured in the estimation. The main conclusion is that China's peanut production still has an edge, albeit receding, over that of some other countries like the U.S., India, and Argentina. The authors also augure that in order to improve the competitiveness of the peanut industry, one could facilitate the export practice and exploit the vertical related industries in which raw peanut is intermediate input.


2017 ◽  
Vol 17 (1) ◽  
pp. 31-52 ◽  
Author(s):  
Sawsan Abutabenjeh ◽  
Stephen B. Gordon ◽  
Berhanu Mengistu

By implementing various forms of preference policies, countries around the world intervene in their economies for their own political and economic purposes. Likewise, twenty-five states in the U.S. have implemented in-state preference policies (NASPO, 2012) to protect and support their own vendors from out-of-state competition to achieve similar purposes. The purpose of this paper is to show the connection between protectionist public policy instruments noted in the international trade literature and the in-state preference policies within the United States. This paper argues that the reasons and the rationales for adopting these preference policies in international trade and the states' contexts are similar. Given the similarity in policy outcomes, the paper further argues that the international trade literature provides an overarching explanation to help understand what states could expect in applying in-state preference policies.


Author(s):  
Douglas A. Irwin

This chapter sets out basic facts about international trade and the U.S. economy. It describes how world trade has expanded rapidly in the recent decades and explains how the development provides the context in which to consider trade policy. The chapter discusses the reasons for the increase in trade and how trade has changed with the fragmentation of production and the increase in trade of intermediate goods. It talks about the state of public opinion on the question of globalization. It also analyzes protectionist policies that directly harm employment in domestic industries by raising production costs in addition to forcing consumers to pay higher price for the products they buy.


Resources ◽  
2019 ◽  
Vol 8 (2) ◽  
pp. 89
Author(s):  
Wei-Qiang Chen ◽  
Zi-Jie Ma ◽  
Stefan Pauliuk ◽  
Tao Wang

The hidden trade of a material (e.g., aluminum) refers to the trade of that material embedded in final products (e.g., automobiles). There are two methods for estimating the hidden trade amount of materials: (1) the physical method relies on the physical trade data (measured by physical units) in which products are categorized according to the standard international trade classification codes or the harmonized system codes; and (2) the monetary method relies on the monetary trade data (measured by monetary units) in which products are categorized in accordance to the sectors of an input–output (IO) table. Information on material concentrations in products can be relatively quickly estimated by an IO-based model in the monetary method, but will have to be collected from various sources with intensive time cost in the physical method. Exemplified by the U.S. hidden trade of aluminum, iron, and copper in 2007, this study attempts to compare the two methods. We find that, despite the unavoidable but reasonable differences in the amounts of three metals trade, the results generated by the two methods are consistent with each other pretty well for final products at the level of end-use product groups (e.g., total transportation facilities). However, the comparison for specific products (e.g., automobiles) is challenging or does not generate consistent enough results. We suggest that similar estimations be done for more materials, more countries/territories, and different years, to gain experience, reduce estimation time and costs, and increase the knowledge base on metal flows in society.


2003 ◽  
Vol 37 (1) ◽  
pp. 101-122 ◽  
Author(s):  
CHARLES R. TAYLOR ◽  
MICHAEL G. WALSH ◽  
CHRISTOPHER LEE
Keyword(s):  

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