Books ⁽¹⁹⁾

Read more (edited with Elias Dinopoulos, Pravin Krishna and Kar-yiu Wong) 2007, Routledge [Essays in Honor of Jagdish Bhagwati]

Read more (edited with Devashish Mitra), 2004, Elsevier A collection of essays by leading trade economists.

Read more (1993, Cheltenham, UK: Edward Elgar Publishing Co., 1999) (edited with Paul Portney and Robert Schwab) Wallace E. Oates has made a pioneering contribution to environmental and public economics. This original selection of essays honors his seminal work in both these fields. The contributions to this volume apply Wallace E. Oates's key ideas and insights to a broad range of problems. The essays on environmental economics assess environmental policy in today's conservative era and analyze environmental taxes, environmental federalism and the choice of environmental policy instruments. The chapters on public economics investigate vouchers for private schools, capitalization, urban growth controls and the welfare economics of congestible amenities in general equilibrium models. The authors also examine intergovernmental grants in South Africa, public pensions in the European Union and fiscal federalism in early American history. Environmental and Public Economics is an informative and thought-provoking celebration of Wallace E. Oates's work which will be useful for students and scholars of environmental studies, public policy and public sector economics.

Read more (November 1999, Singapore: World Scientific Publishing Co.) The signing of the North American Free Trade Agreement (NAFTA) and recent expansions of the European Union have led to renewed efforts to create preferential trade areas (PTAs) around the world including Asia, Africa and Latin America. Because PTAs liberalize trade with union members but not the rest of the world, they are not necessarily a healthy development. By dividing the world into trade blocs, they also threaten to undermine the multilateral trading system. This collection of recently published essays by a leading critic of regionalism offers an assessment of the economic impact of PTAs on member countries and the world. The first set of essays present a theoretical analysis of the issues using simple economic models, and study the relationship between regionalism and multilateralism. Subsequent essays evaluate the role of PTAs in Asia, North America and Latin America. The general theme of the book is that, on balance, trade liberalization through PTAs is a mistake. Trade diversion, and the creation of complicated and discriminatory tariff regimes with increased tariffs for…

Read more (edited with J. Bhagwati and Pravin Krishna) (Cambridge, MA: MIT Press, February 1999) This volume will enable graduate students, scholars of PTAs, and policymakers concerned with trade liberalization to grasp the analytical relationships among the sometimes disparate contributions of nearly a half century of theoretical research on PTAs.The recent proliferation of free trade areas and customs unions in the world trading system has led to an explosive revival of interest in the economic analysis of Preferential Trade Arrangements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs would create or divert trade, causing welfare improvement or loss. The principal theoretical question (Bhagwati) of the late 1980s and 1990s has been whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions.The first section of the book presents a synthesis and analytical guide to the issues, and to the theoretical research, as they have developed since 1950. The following sections contain the theoretical contributions themselves, grouped…