Australia's foreign policy links with Latin America: distant relations

In more recent years, Australia's relations with the countries of Latin America have taken on more importance as the trade and investment links between the two regions have grown. Besides this recent activity, Australia has a long history of diplomatic relations with the countries of Latin America, even though the links between the two regions have at times been fairly superficial. This relationship, like many others, has tended to concentrate on mainly trade relations and, despite Latin America's often turbulent political history, has not been affected much at all by political issues. The purpose of this article is to analyse the development of foreign policy links between Australia and the countries of Latin America in their formulative stage between 1901 and 1973.     

The Global Economic Crisis and China's Foreign Trade

Two noted academic specialists on China's economic geography are joined by a research assistant to examine the impact of the current global economic crisis and recession on China's trade with the rest of the world. Relying on statistics collected by the country's customs administration through the first half of 2009, the authors identify and analyze trends in China's imports and exports (detailing countries of origin and destination) as well as balance of trade. They also develop and present an input-output model in order to gain a more precise understanding of the country's trade dependence (both before and during the crisis) than afforded by analyses based on conventional statistics, and explore some of the implications of the decline in trade on levels of domestic unemployment.     

Selected Characteristics of Soviet Foreign Trade and Implications for the Foreign Trade of the Commonwealth of Independent States

This paper provides observations on recent patterns of the Soviet Union's foreign trade in the context of factor endowment trade theory and two models drawn from the new trade theory. Empirical analysis indicates that recent Soviet foreign trade was not based on differing factor intensities between Soviet goods and the those of the rest of the world. Instead, the recent geography of Soviet foreign trade suggests that it conformed more to the trade in differentiated products expected under the new trade theory. These results suggest that Soviet foreign trade had developed in such a way that, at least with respect to merchandise trade, the Commonwealth of Independent States (CIS) has a strong potential for fairly rapid integration within the group of industrial countries.     

THE EFFECTS OF TRADE WITH DEVELOPING COUNTRIES ON THE REGIONAL DEMAND FOR SKILL IN THE U.S.: EVIDENCE FROM COUNTY DATA*

ABSTRACT Using county‐level data from the 1980s and 1990s and a county‐level trade measure that incorporates the county's industrial mix and patterns of international trade across industries, I provide new evidence that trade with developing countries raises the demand for skill and the skill premium in the U.S. Consistent with Heckscher–Ohlin, I find that trade driven by differences in factor endowments has an economically significant impact on local labor markets. The evidence suggests that when trade with developing countries rises, counties with higher skill endowment and greater employment in industries with larger trade shares experience greater relative demand for high‐skilled labor.     

A Geospatial Analysis of China's Exports, 1991-2008

Three Taiwan-based economists employ a range of exploratory spatial data analysis tools (e.g., Moran's I and LISA statistics) to investigate trends in the growth of China's exports over the period 1991-2008. A particular focus is on the detection of spatial correlations between China and 40 export destination countries in major world regions. Emphasis in the paper on the key years of 1991, 2001, 2006, and 2008 has enabled the authors to analyze the impacts on China's trade of such major events as the country's accession to the World Trade Organization and the global economic crisis of 2008-2009. The results of the spatial analysis reveal the continuing importance of the U.S. and Asian countries in China's export trade (despite changes in the character of trade relations) and identify the spatial outliers (e.g., in Latin America) that may serve as the basis for new export markets for China in the future.     

Australian trade policy in an age of globalisation

Arguably, the world trading system has entered a period of greater change and uncertainty in the past two years than at any time since the end of the Cold War. At the same time, Australia faces a range of internal and external challenges to its trade policy, while having lost many of the old 'certainties' guiding its trade agenda. This article identifies four major challenges confronting Australian trade policy now and into the future: the EU agenda to inject self-serving 'governance' mechanisms into the WTO; rises in the demands and influence of developing countries within the WTO; the new trend towards bilateral free trade areas; and increasing opposition to globalisation by groups within society. It assesses the capacity of Australia's trade bureaucracy to manage these issues, warning against expecting too much of the trade policy agenda, particularly in relation to the role it plays within domestic politics in Australia.     

Australian-African relations 2002: Another look

Various recent developments and events in Africa, including the involvement in 2002 of the Prime Minister of Australia in Commonwealth initiatives in relation to Zimbabwe, have made it timely to review the nature and extent of Australia's relations with African countries. This commentary describes current Australian policies on Africa, including trade relations and aid programs, against the background of the political and economic situation in Africa in the new millennium. In conclusion, the comment is made that Australia's dealings with African countries might have more significance to its own interests than is generally acknowledged. This is so particularly in respect of common standpoints on multilateral trade issues, and the future of the British Commonwealth.     

Observations On State Trading in the Russian Economy

The paper presents an overview of state trading activities in Russia in light of that country's prospective accession to the World Trade Organization. The authors cover the origins of Russian state trading, developments after the collapse of the USSR, state involvement in barter trade, and its control of the organizational structure and remaining monopolies; they also attempt to estimate the government's share in Russia's foreign trade turnover in 1996 and mid-1997. A discussion of implications embraces issues relating to the inefficiencies of state trading and Russia's designation as a nonmarket economy by the United States and the countries of the European Union. Journal of Economic Literature, Classification Numbers: F13, F14, K33, N20, P33. 1 table, 20 references.     

Socioeconomic impacts of Russian invasion of Ukraine: A multiregional assessment for Europe

History shows that wars can be enormously disruptive of economic activity, especially international trade, national income, and global economic welfare. This article analyzes the impact on the European regions the Russian invasion of Ukraine using the largest and most updated multiregional input-output model for Europe. Two shocks, trade and inflation, and four alternative scenarios are simulated. The scenarios are considered regarding the number of countries applying a trade embargo, the exemption of oil and gas, and the potential trade diversions with third countries such as China. We obtained a significant fall in GDP (−1.7%), 3.7 m lost jobs and 3% raise over the prewar inflation rate. For trade shock, large indirect effects are obtained, indicating the high relevance of the sectors and countries exposed to the war and the sanctions. The republics of the former Soviet Union, as well as the satellite countries of the former communism, face the harshest adverse impacts. This work shows the importance of breaking Russia's colonial economic ties to the countries in Eastern Europe.     

SPATIAL EFFECTS OF TRADE POLICY: EVIDENCE FROM BRAZIL*

ABSTRACT Does trade policy shape a country's internal economic geography? Empirical evidence on the spatial effects of trade policy in developing countries is limited. This paper contributes to this literature by looking at the experience of Brazil over the 1990s. In particular, an econometric analysis of the determinants of industrial location using data on regional manufacturing employment as well as data on several region and industry characteristics over the period 1990–1998 is performed. Estimation results suggest that trade openness favored location in states closer to the largest neighbor trading partner and that this effect increased through the end of the 1990s.     

Archaeometric Clearinghouse XX

Abstract

This article is a review of three recent monographs concerned with the later Middle Cypriote and Late Cypriote periods on Cyprus (ca. 1700–1200 B.C.). Each study focuses narrowly on archaeological, philological, or historical problems associated specifically with Cyprus or more generally with interrelations among Aegean, Cypriote, and eastern Mediterranean cultures. Oblivious to common interests, the authors reflect their own particularistic concerns: philology, toponymy, stone anchors. The three publications reviewed serve both as a framework and as a vehicle for presentation of a balanced discussion of archaeological, historical, and theoretical problems associated with Middle/Late Bronze Age Cyprus and its role in eastern Mediterranean maritime trade. In conclusion, and as an alternative, a concise synthesis of cultural and socio-historical patterns on Cyprus ca. 1700–1200 B.C. is presented.

The three volumes under review are: L. Hellbing, Alasia Problems. StudMedArch 57 (P. Åström's Förlag: Göteborg 1979); D. E. McCaslin, Stone Anchors in Antiquity: Coastal Settlements and Maritime Trade Routes in the Eastern Mediterranean. StudMedArch 61 (P. Åström's Förlag: Göteborg 1980); J. Strange, Caphtor/Keftiu, A New Investigation. Acta Theologica Danica 14 (E. J. Brill: Leiden 1980).     

Spinners and weavers of auffay. Rural industry and the sexual division of labour in a French village, 1750–1850

German scholars of Jewish origin who were students of Martin Heidegger in the 1920s and 1930s are frequently criticized for their supposed postwar refusal to ‘disavow earlier liaisons with Heidegger.’ These scholars are thus indicted for being fundamentally anti-liberal or apolitical, and for those reasons dangerous disciples of Heidegger. By examining the works of Karl Löwith and Hans Jonas, two of Heidegger's influential former students, the following paper presents a more nuanced reading of the relationship between master and disciples, namely that Jonas and Löwith operate with Heidegger's philosophical grammar in order to turn against Heidegger, philosophically and politically. Within this framework, the article fleshes out the crucial importance of theology to the understanding of Jonas’ and Löwith's philosophical critique of Heidegger's thought. Following this theological turn, the paper demonstrates the complexity of Jonas’ and Löwith's postwar approach, that is an anti-Heideggerian ethical and political quest which is anchored nonetheless in Heidegger's philosophy. As such, Jonas’ and Löwith's political projects demonstrate the manner in which Heideggerian categories are not exhausted by Heidegger's own political interpretation; they grippingly denotes the aptitude to steer Heideggerian philosophy towards new ethical and political shores.     

Exploring trade globalization in the long run: The RICardo project

Initiated in 2004, the RICardo project focuses on bilateral trade data of all the world's countries from the early nineteenth century to the eve of the Second World War. The project includes the construction of a database and the creation of a website. It is a pioneering work in the field of historical trade statistics that aims at providing easy-to-access research material to the scientific community and at attracting a wider public to the history of trade relationships. The article emphasizes the originality of the project and sums up its various aspects by reviewing previous trade databases, clarifying the main features of historical trade statistics, and describing the construction and use of the RICardo website.     

Canada’s cultural exemption

ABSTRACT

Certain countries stand out as having distinctive approaches to trade and culture. Canada occupies a key position in this pantheon of distinctive approaches. Since the 1980s, Canada has pursued a 'cultural exemption’ in its various trade agreements. The perception is that it has largely maintained this exemption, however I will show in this article that each iteration of the exemption differs from the others in subtle but noteworthy ways. These differences stem in large part from the nature of the particular trade agreement negotiations and the identity of the specific trading partner(s). Ultimately, the aim of this contribution is to show that Canada’s cultural exemption strategy has had to evolve alongside key trends in trade, notably the proliferation of free trade agreements.     

The (Ineffective) Financial Statecraft of China's Bilateral Swap Agreements

Since 2008, the People's Bank of China has signed bilateral swap agreements (BSAs) with 35 foreign central banks. Collectively, these deals amount to nearly US$ 500 billion in Chinese renminbi (RMB) available to Beijing's foreign partners. What has led China to be so aggressive in its efforts to sign so many swap agreements? What are the political economic implications of the swap programme for the US‐centric global economic order? China's BSAs can be understood as a form of financial statecraft: the use of national financial and monetary capabilities to achieve foreign policy ends. China has deployed BSAs for both defensive and offensive reasons. Defensively, Beijing has sought to use BSAs to promote trade settlement in RMB thereby reducing China's vulnerability to the dollar's structural dominance in trade. Yet, as explained in this article, they have been ineffective in this regard. Offensively, Beijing has used BSAs as a short‐term liquidity backstop outside of the Bretton Woods institutions for partner countries in need. Here, there is greater potential for BSAs to impact the status quo economic order by enhancing Chinese economic influence. However, their potential is dependent on Beijing's willingness to act as a unilateral crisis lender and its ability to further internationalize the RMB.     

Macroeconomic Effects of 21st Century Trade and Investment Agreements: The Case of the Trans‐Pacific Partnership

Following United States withdrawal, the Trans‐Pacific Partnership agreement (TPP) is likely to be replaced or complemented by a series of bilateral deals between the US and TPP partners. In this case, TPP will shape trade, finance and public policy globally even without formal US participation. Proponents of TPP emphasize its prospective economic benefits, with economic growth increasing due to rising trade volumes and investment. Widely cited projections suggest modest GDP gains after 10 years, varying from less than half a percentage point in the USA to 13 per cent in Vietnam. However, these projections assume full employment and constant income distribution in all countries, excluding some of the major risks of trade liberalization. This article provides alternative projections of the TPP's economic effects using the United Nations Global Policy Model, which allows for changes in employment and income distribution. Using this model, the authors obtain very different results. They find that the benefits to economic growth are even smaller than those projected with full‐employment models, and are negative for Japan and the USA. More importantly, they find that the TPP will likely lead to losses in employment and increases in inequality.     

Existentialism as a Political Problem in Karl Löwith's Thought

The aim of this paper is to make a case for the claim that Karl Löwith's thought is predominately preoccupied with one major philosophic–historical problem that may be broadly labelled existentialism. This notion is usually employed by Löwith in order to grasp the various phenomena and developments within the European (or Western) history in the modern age. I claim that the meaning assigned by Löwith to the notion of existentialism is inseparable from its political consequences. In other words, I attempt to reconstruct the notion of existentialism in Löwith's thought primarily as a political problem. By advancing this argument, I am inclined towards the view that Löwith’s ?uvre deserves more careful reception from political theorists than it has yet received.     

LÖWITH,LÖWITH'S HEIDEGGER,AND THE UNITY OF HISTORY

This article is about the problem of the unity of history as seen through the writings of Karl Löwith. By “unity of history” I understand the notion that all history constitutes one and only one range of kinds of objects and/or one field of knowledge. The article argues that the problem of the unity of history—though often neglected as a matter of mere argumentative infrastructure—is central to a number of wider problems, most prominently the possibility of a plural understanding of historicity and the possibility of ultimately avoiding a unified historical teleology. The article revisits Löwith's writings and proposes a variety of novel interpretations with the aim of evincing the centrality, and of exploring diverse aspects, of the problematic of the unity of history. This problematic is shown to have informed Löwith's work on the secularization thesis as well as his debate with Hans Blumenberg. The foundations of Löwith's discussion of the problem are pursued across his ambivalent critique and appropriation of Heidegger's model of an ontology of historicity as marked by inevitable internal conflict and thus disunity. The paper reconstructs the manner in which, after the Second World War, Löwith's philosophy of history sought to salvage basic traits of the Heideggerian model when it tried to establish the possibility of plural historicity from a notion of the natural cosmos. It is demonstrated that the motives for this salvage operation ultimately extended beyond the problem of Löwith's reception of Heidegger and concerned the possibility of continuing any debate on the philosophy of history.     

The abandonment of procurement-linked strategic activism in Australia: standing still with room to move

In this paper I examine the extent to which preferential trade agreements (PTAs) limit the Australian government's ability to use public procurement for local industry development ends. I do so not only by examining Australia's PTA obligations, but also by examining how other governments with similar obligations—such as Korea—are using public purchasing policies to promote local industrial advancement. I find that the PTA obligations of the Australian and Korean governments leave them both significant scope to use public purchasing strategically. Interestingly, however, Australian policymakers have been standing still in the room that remains, and even abandoning PTA-compliant procurement-linked development policies. South Korean policymakers on the other hand have been capitalising on every inch of space left open to them—and even experimenting with new forms of strategic public purchasing that nonetheless comply with their international obligations. I conclude by offering some suggestions as to how we might explain these countries’ radically different approaches to procurement policy, despite their very similar international obligations.     

Squeezed between external trade barriers and internal economic problems: Bulgaria’s trade with Denmark in the 1970s

ABSTRACT

This paper investigates Bulgaria’s trade strategy towards the European Economic Community (EEC) in the 1970s: a decade of intensified economic exchange between East and West thanks to détente and, simultaneously, of growing trade barriers due to the consolidation of the EEC’s Common Market. The successes and failures of Bulgaria’s endeavours are discussed through a study of economic cooperation with Denmark before and after its accession to the EEC in 1973. The main argument is that while Bulgarian economic policy focused on the rising regulatory impediments to trade with EEC members, it neglected the structural deficiencies of Bulgarian export production. Thereby, Bulgarian state officials strove to resolve foreign trade problems through diplomatic negotiations over customs regulations instead of advancing domestic economic reforms . This argument is supported by analysis of intergovernmental economic negotiations and trade deals between Bulgaria and Denmark during the 1970s. It highlights the different ways in which Bulgarian trade envoys in Copenhagen and top officials at home evaluated recurrent problems in accessing the Danish market and formulated solutions for these problems. Thus, instead of tackling internal structural problems, the blueprints for Bulgaria’s foreign trade focused on external foes, namely trade discrimination against socialist countries.