Narratives of Free Trade

Narratives of Free Trade
Author: Kendall Johnson
Publisher: Hong Kong University Press
Total Pages: 271
Release: 2011-12-01
Genre: History
ISBN: 9888083538

Nine essays discuss the first commercial encounters between a China on the verge of systemic social change and a United States struggling to assert itself globally as a distinct nation after the Revolutionary War, from the arrival in Canton of the first American ship in the 1870s, to the 1844 Treaty of Wangxia in Macao after the First Opium War, to Secretary of State John Hay's forging of the Open Door policy in 1899. Broad in scope, the essays are attuned to the activities of competing European traders, especially the British, in Canton, Macao, and the Pearl River Delta. Kendall Johnsonis director of the American Studies Program and associate professor at the University of Hong Kong.

Trade Wins or Trade Wars

Trade Wins or Trade Wars
Author: Bogna Gawrońska-Nowak
Publisher: Springer Nature
Total Pages: 181
Release: 2021-07-10
Genre: Business & Economics
ISBN: 3030769976

This book tackles the disconnect between social perceptions and expert knowledge regarding trade policy decisions. Using a Polish language internet database, the authors shed light on areas that need to be addressed when considering the adoption of particular trade policies by applying content and statistical analysis to produce an easy to deploy measure of populism in digital media, the “Media Populism Ratio”. Defining a mismatch between social perception and expert knowledge may contribute to a better understanding of the controversies on free trade, as well as properly defining possible sources of populism and social conflicts – therefore also revealing some potential weaknesses in the trade policy implementation level which are at times neglected or underestimated. The book will be relevant to students and researchers interested in economic policy, economic narratives and cultural economics.

Free Trade and Prosperity

Free Trade and Prosperity
Author: Arvind Panagariya
Publisher: Oxford University Press
Total Pages: 385
Release: 2019-04-01
Genre: Business & Economics
ISBN: 0190914505

Arguments for protection and against free trade have seen a revival in developed countries such as the United States and Great Britain as well as developing countries such as India. Given the clear benefits trade openness has brought everywhere, this is a surprising development. The benefits of free trade are especially great for emerging market economies. Free Trade and Prosperity offers the first full-scale defense of pro-free-trade policies with developing countries at its center. Arvind Panagariya, a professor at Columbia University and former top economic advisor to the government of India, supplies a historically informed analysis of many longstanding but flawed arguments for protection. He starts with an insightful overview of the positive case for free trade, and then closely examines the various contentions of protectionists. One protectionist argument is that "infant" industries need time to grow and become competitive, and thus should be sheltered. Other arguments are that emerging markets are especially prone to coordination failures, they are in need of diversification of their production structures, and they suffer from market imperfections. The panoply of protectionist arguments, including those for import substitution industrialization, fails when subject to close logical and empirical scrutiny. Free trade and outward-oriented policies are preconditions to both sustained rapid growth and poverty alleviation in developing countries. Panagariya provides compelling evidence demonstrating the failures of protectionism and the promise of free trade using detailed case studies of successful countries such as Singapore, Taiwan, South Korea, China and India. Low or declining barriers to free trade and high or rising shares of trade in total income have been key elements in the sustained rapid growth and poverty alleviation in these countries and many others. Free trade is like oxygen: the benefits are ubiquitous and not noticed until they are no longer there. This important book is an essential reminder of the costs of protectionism.

Kicking Away the Ladder

Kicking Away the Ladder
Author: Ha-Joon Chang
Publisher: Anthem Press
Total Pages: 196
Release: 2002-07-01
Genre: Business & Economics
ISBN: 0857287613

How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.

Poverty Narratives and Power Paradoxes in International Trade Negotiations and Beyond

Poverty Narratives and Power Paradoxes in International Trade Negotiations and Beyond
Author: Amrita Narlikar
Publisher: Cambridge University Press
Total Pages: 223
Release: 2020-05-07
Genre: Political Science
ISBN: 1108244238

In this work, Amrita Narlikar argues that, contrary to common assumption, modern-day politics displays a surprising paradox: poverty - and the powerlessness with which it is associated - has emerged as a political tool and a formidable weapon in international negotiation. The success of poverty narratives, however, means that their use has not been limited to the neediest. Focusing on behaviours and outcomes in a particularly polarising area of bargaining - international trade - and illustrating wider applications of the argument, Narlikar shows how these narratives have been effectively used. Yet, she also sheds light on how indiscriminate overuse and misuse increasingly run the risk of adverse consequences for the system at large, and devastating repercussions for the weakest members of society. Narlikar advances a theory of agency and empowerment by focusing on the life-cycles of narratives, and concludes by offering policy-relevant insights on how to construct winning and sustainable narratives.

Free Trade Nation

Free Trade Nation
Author: Frank Trentmann
Publisher: Oxford University Press, USA
Total Pages: 466
Release: 2008
Genre: Business & Economics
ISBN: 0199209200

This is the story of free trade in 19th century Britain, its contribution to the development of Britain's democratic culture, and the unravelling of the free trade movement in the wake of the First World War.

The New Middle Kingdom

The New Middle Kingdom
Author: Kendall Johnson
Publisher: JHU Press
Total Pages: 384
Release: 2017-04-25
Genre: Business & Economics
ISBN: 1421422514

Examining the influential accounts of Westerners at the center of early US cultural development abroad, Johnson conceives a romance of free trade with China as a quest narrative of national accomplishment in a global marketplace. Drawing from a richly descriptive cross-cultural archive, the book presents key moments in early relations among the twenty-first century's superpowers through memoirs, biographies, epistolary journals, magazines, book reviews, fiction and poetry by Melville, Twain, Whitman, and others, travel narratives, and treaties, as well as maps and engraved illustrations. Paying close attention to figurative language, generic forms, and the social dynamics of print cultural production and circulation, Johnson shows how authors, editors, and printers appealed to multiple overlapping audiences in China, in the United States, and throughout the world.

Strategic Narratives

Strategic Narratives
Author: Alister Miskimmon
Publisher: Routledge
Total Pages: 190
Release: 2014-02-18
Genre: Political Science
ISBN: 1317975197

Communication is central to how we understand international affairs. Political leaders, diplomats, and citizens recognize that communication shapes global politics. This has only been amplified in a new media environment characterized by Internet access to information, social media, and the transformation of who can communicate and how. Soft power, public diplomacy 2.0, network power – scholars and policymakers are concerned with understanding what is happening. This book is the first to develop a systematic framework to understand how political actors seek to shape order through narrative projection in this new environment. To explain the changing world order – the rise of the BRICS, the dilemmas of climate change, poverty and terrorism, the intractability of conflict – the authors explore how actors form and project narratives and how third parties interpret and interact with these narratives. The concept of strategic narrative draws together the most salient of international relations concepts, including the links between power and ideas; international and domestic; and state and non-state actors. The book is anchored around four themes: order, actors, uncertainty, and contestation. Through these, Strategic Narratives shows both the possibilities and the limits of communication and power, and makes an important contribution to theorizing and studying empirically contemporary international relations. International Studies Association: International Communication Best Book Award

Narrative Economics

Narrative Economics
Author: Robert J. Shiller
Publisher: Princeton University Press
Total Pages: 408
Release: 2020-09-01
Genre: Business & Economics
ISBN: 0691212074

From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events—and why financial panics can spread like epidemic viruses Stories people tell—about financial confidence or panic, housing booms, or Bitcoin—can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril—and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior—what he calls "narrative economics"—may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.

The Wealth of a Nation

The Wealth of a Nation
Author: C. Donald Johnson
Publisher: Oxford University Press
Total Pages: 665
Release: 2018
Genre: Business & Economics
ISBN: 0190865911

The United States is entering a period of profound uncertainty in the world political economy--an uncertainty which is threatening the liberal economic order that its own statesmen created at the end of the Second World War. The storm surrounding this threat has been ignited by an issue that has divided Americans since the nation's founding: international trade. Is America better off under a liberal trade regime, or would protectionism be more beneficial? The issue divided Alexander Hamilton from Thomas Jefferson, the agrarian south from the industrializing north, and progressives from robber barons in the Gilded Age. In our own times, it has pitted anti-globalization activists and manufacturing workers against both multinational firms and the bulk of the economics profession. Ambassador C. Donald Johnson's The Wealth of a Nation is an authoritative history of the politics of trade in America from the Revolution to the Trump era. Johnson begins by charting the rise and fall of the U.S. protectionist system from the time of Alexander Hamilton to the Smoot-Hawley Tariff of 1930. Challenges to protectionist dominance were frequent and often serious, but the protectionist regime only faded in the wake of the Great Depression. After World War II, America was the primary architect of the liberal rules-based economic order that has dominated the globe for over half a century. Recent years, however, have seen a swelling anti-free trade movement that casts the postwar liberal regime as anti-worker, pro-capital, and--in Donald Trump's view--even anti-American. In this riveting history, Johnson emphasizes the benefits of the postwar free trade regime, but focuses in particular on how it has attempted to advance workers' rights. This analysis of the evolution of American trade policy stresses the critical importance of the multilateral trading system's survival and defines the central political struggle between business and labor in measuring the wealth of a nation.