Ch. 1. The future of world trade policy -- ch. 2. Evaluating the impact of the WTO information technology agreement. 2.1. Introduction. 2.2. Some facts on ITA trade. 2.3. The impact of the ITA : a gravity model approach. 2.4. Regression results. 2.5. Conclusions -- 3. Economic analysis and WTO arbitration cases. 3.1. Introduction. 3.2. The mandate. 3.3. An economic interpretation of the mandate. 3.4. An economic taxonomy of WTO. 3.5. The role of economists in WTO arbitration cases -- ch. 4. The impact of manufacturing protection on agricultural incentives in Australia. 4.1. Structural changes since 1950. 4.2. Methodology for measuring distortions to incentives. 4.3. Measuring Nominal Rates of Assistance (NRAs). 4.4. NRA estimates and the evolution of policies. 4.5. Prospects for further policy reform. 4.6. Comparison with other high-income countries. 4.7. Conclusion -- ch. 5. India and the global demand for commodities : is there an elephant in the room? 5.1. Introduction. 5.2. India is big but its growth is different. 5.3. Metals. 5.4. Energy. 5.5. Food. 5.6. Conclusion -- ch. 6. Foreign direct investment in China : trends, characteristics and impacts. 6.1. Introduction. 6.2. Growth trend of FDI inflows in China. 6.3. Characteristics of FDI in China. 6.4. Impact of FDI on China's economy. 6.5. Technology transfer and spillover effects of FDI. 6.6. Conclusion -- ch. 7. The changing patterns of trade and investment in East Asia. 7.1. Introduction. 7.2. Changing patterns of foreign trade in East Asia. 7.3. Foreign direct investment and foreign trade : increasing role of multinational corporations in international trade. 7.4. Changing policy environment : liberalisation of trade and FDI policies. 7.5. Concluding remarks -- ch. 8. The integration of the electronics sector in ASEAN. 8.1. The electronics sector. 8.2. The electronics sector : ASEAN. 8.3. Challenges to integration. 8.4. The future for the integration of the electronics sector. 8.5. Recommendations -- ch. 9. Regional value chains and Asian regionalism. 9.1. Patterns of development and the emergence of regional value chains in East Asia. 9.2. Regionalism in East Asia. 9.3. Reducing trade costs in East Asia. 9.4. Conclusion -- ch. 10. Recent developments in the literature on foreign direct investment and labour markets. 10.1. Recent theoretical developments in understanding the effects of FDI. 10.2. The recent evidence on the labour market effects of FDI. 10.3. Some final observations -- ch. 11. Competition policy in international airline markets : an agenda and a proposed solution. 11.1. Introduction. 11.2. Mergers and alliances in airline markets. 11.3. Intersection of regional and domestic policies : a trans-Tasman case study. 11.4. Regulatory errors and multiple competition authorities. 11.5. Steps towards a multilateral competition policy for airline markets. 11.6. Summary and conclusions