Mexican Public Sector Food Policy Under Agricultural Trade Liberalization

Mexico has enjoyed one of the Third World's most successful food production systems, based on a complex pattern of public sector intervention. Since 1982, the public sector has withdrawn, in a remarkably Steadfast commitment to privatization, external stabilization, and trade liberalization. This article traces the key elements of that process, and their likely impacts on traditional political goals of food security progressive social policy in the countryside, and external sector dependence. The principal argument is that privatization and trade liberalization leave poor agriculturalists vulnerable, but undoubtebly offer fiscal gains to the state and benefits to urban consumers, especially in light of reduced subsidies.     

Trade Liberalization and Prudential Regulation: The International Framework for Financial Services

This article provides an overview of the issues involved in international efforts to open and restructure markets for financial services and to ensure adequate regulation and supervision of financial firms. It discusses the liberalization in the General Agreement on Trade in Services (GATS), the first global trade agreement to cover financial and other services, and the roles of various international fora in strengthening national regulatory and supervisory systems and enhancing cooperation and coordination between supervisors. The article emphasizes that measures to liberalize trade in financial services and measures to strengthen prudential regulation and supervision are complementary and mutually reinforcing.     

Trade Liberalization and Export Performance in Bolivia

One of the anticipated gains from the trade liberalization policies adopted by many Latin American countries in recent years is improved export performance. In this article, the arguments on which this expectation is based are reviewed and the impact of trade liberalization on Bolivian manufactured exports analysed. The conclusion is that improved export performance is largely the result of a more realistic and more stable real exchange rate after 1985, while the trade policy reforms have had little impact. Certain deficiencies of Bolivia's export performance, such as the increased emphasis on primary and semi-processed products, and the lack of diversification in terms of both products and markets, are also noted.     

The Economics and Politics of Agricultural Trade Liberalization

Fred Sanderson, (Ed.), Agricultural Protectionism in the Industrialized World.
Theodore Cohn, The International Politics of Agricultural Trade.     

How China Navigated the Dilemma of Trade Liberalization and Government Revenues

Many economists believe that in the long run, the aggregate performance of open economies is better than that of closed ones, and that open policies contribute significantly to economic development. At the same time, many political scientists and policy makers fear that, in the short run, one of the steps towards openness — trade liberalization — may harm government revenues. However, in the 1990s, China successfully navigated the dilemma of trade liberalization and government revenues. In this period, China decreased tariff and non‐tariff barriers for WTO accession, but has achieved dramatically increased tariff revenues since 1999. This study explores how China implemented trade liberalization and simultaneously increased tariff revenues in the 1990s. It demonstrates that a series of institutional arrangements, including a reform of Criminal Law, rigorous anti‐smuggling activities and a de facto tax imposed on the export sector, successfully curbed smuggling activities through the processing trade, and made foreign‐invested manufacturing enterprises the major contributors to the stability of customs revenue. China's case shows that a prosperous, export‐oriented and foreign‐invested manufacturing sector could potentially provide a developing country with a source of customs revenue.     

The Politics of Financial Services Liberalization: The Case of the Canadian Investment Dealer Industry

The purpose of this paper is to explain the factors and processes which, in 1986–87, gave rise to the decisions by the Canadian federal and provincial (Ontario and Quebec) regulatory authorities to liberalize entry into, and ownership of, the investment dealer industry in Canada. These decisions, rather narrowly based as they were, nonetheless would be a watershed with respect to the subsequent deregulation of the traditional four-pillar structure of the Canadian financial services industry. The traditional four pillars-which were legally and functionally separated-comprised the chartered banks, the trust and mortgage loan companies, the life insurance industry, and the investment dealers. lhe liberalization decisions by the governments permitted the other elements of the four pillars, and nonresidents as well, to have equity participations in member firms of the securities industry. This represented a fundamental reversal of the beliefs, values, and ideas surrounding the low-pillars doctrine. The period of history examined extends from 1969 to 1987.     

Interrepublic Trade in the Former Soviet Union: Structure and Implications

A senior CIA economist presents and analyzes the structure and implications of hitherto unpublished 1990 data on interrepublic trade, recently available from sources identified with the former Goskomstat SSSR. The study, unique in its access to statistical data of Soviet origin affording detailed comparisons of trade with indigenous sectoral detail, reveals advantages and dependencies inherent in the trade structures of each of the former Soviet republics. Analysis of the context in which interrepublican trade flows (valued in rubles and dollars) occurred highlights the relationship between drastic declines in industrial output and trade among the newly independent states in the 1990s. 9 figures, 18 tables, 12 references.     

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.     

Competition and Cooperation in Industrial Clusters: The Implications for Public Policy

Alfred Marshall believed that, while the benefits of clusters resulted from cooperation between firms, competition was an important driving force. In contrast, contemporary theories of clusters place most emphasis on collective action. This article seeks to distinguish processes of competition and cooperation within clusters, through a critical reading of different theoretical approaches. This distinction has important implications for the scale and nature of public policy. An emphasis on competitive processes implies a more macro-economic role for public agencies in seeking to raise investment in innovation while the fostering of cooperation implies measures to support decentralized public-private research collaborations.     

Canada’s Supply Management System and the Dairy Industry in the Era of Trade Liberalization: A Cultural Commodity?

ABSTRACT

Canada’s dairy farmers have spent the last 40 years fighting to preserve their supply management system despite increases in the desire to liberalize trade through the expansion of regional free trade agreements and the targeting of agriculture in recent rounds of the General Agreement on Tariffs and Trade (GATT). How has Canada’s supply management system resisted trade liberalization thus far? Moreover, what strategies have Canadian dairy farmers used to lobby the government to preserve this system? The answer to these questions lay within the intersection of culture and economics. Canadian dairy farmers have been successful in framing Canadian dairy as a distinctly Canadian cultural commodity, and therefore framing supply management as the economic tool needed to defend this cultural commodity. In exploring this topic, this article will touch on Canada’s history of preserving cultural institutions, as well as the historical importance of Canada’s supply management system.     

Cross-Border Trade Liberalization: The Case of Lokmaci/Ledra Gate in Divided Nicosia,Cyprus

In the divided Walled City of Nicosia, there are two separate markets: one in the Greek Cypriot South and one in the Turkish Cypriot North. The division is the result of the unresolved Cyprus Problem. However, UN-sponsored negotiations are gradually liberalizing trade as well as movement of people across the border. On 3 April 2008, the Ledra Street/Lokmaci Gate was opened, allowing people, tourists and shoppers to cross to the other side. This event was further stimulated by action on the part of various aid agencies, principally the European Union, United States Agency for International Development and United Nations Development Program, who had invested heavily in revitalization projects to restore historic and heritage sites in the area. These two complementary effects (i.e. revitalization projects and opening the Gate) have generated significant trade creation in the business district near the Gate. It is the overall aim of this paper to quantify the “trade creation effect”. The paper reports the results of a special survey of primary shop owners in the neighbourhood of the Gate in the northern part of the capital. The study finds empirical evidence of substantial trade creation, especially for Turkish Cypriots. However, this optimistic finding is clouded by the on-going bitterness of the last divided European capital surrounded by barbwires and minefields of the UN buffer zone that prevent maximum economic prosperity of a potential political settlement.     

Robustness of Social‐Ecological Systems: Implications for Public Policy

We conceptualize social‐ecological systems (SESs) as complex adaptive systems where public policy affects and is affected by the biophysical system in which it is embedded. The study of robustness of SESs combines insights from various disciplines including economics, political science, ecology, and engineering. In this paper we present an approach that can be used to explore the implications for public policy when viewed as a component of a complex adaptive system. Our approach leverages the Institutional Analysis and Development framework to provide a platform for interdisciplinary research that focuses on system‐wide outcomes of the policy process beyond just policy change. The main message is that building robustness can create new vulnerabilities. Fail‐free policies cannot be developed, and instead of a focus on the “right” policy, we need to think about policy processes that stimulate experimentation, adaptation, and learning.     

Tourism and Foreign Investment in Australia: Trends,Prospects and Policy Implications

Processes of internationalisation and structural economic change have had profound impacts on the pattern of regional economic activity in Australia. The 1980s was a decade of rapid growth in foreign investment, reoriented to the property and services sector, including tourism. It was also a boom time for international tourism, which emerged as the nation's leading export industry. In addition to the national gateway city of Sydney, the rapidly growing coastal cities of Gold Coast and Cairns in Queensland emerged as major international tourism destinations underpinned by significant levels of foreign investment, particularly from Japan. The 1980s boom years for tourism and foreign investment are revised and raises policy implications raised for the longer-term development of tourism and the role of foreign investment.     

Hate Crimes: Public Policy Implications of the Inclusion of Gender

Much of the current global debate around 'hate crimes' legislation is focused on the pragmatic and logistical difficulties of winning support for, and enacting, legislation. This paper takes a step back from the day-to-day issues of hate crimes and begins to unpack some of the philosophical underpinnings of the hate crime category. This is undertaken through an investigation of the coherence of hate crimes definitions and their policy implications. The paper's initial definition of hate crimes is tested for its appropriateness as applied to racist attacks and to attacks on gays and lesbians. From this, an analogy is drawn with crimes against women. The bulk of the paper is concerned with problematising the intellectual justifications for the inclusion or exclusion of gender in the hate crimes category. The extension of the hate crime category to include gender-related crimes raises particular public policy challenges.     

Restructuring British Public Sector Industrial Relations: State Policies and Trade Union Responses

This article examines how Conservative governments restructured public sector in day trial relations in Britain between 1979 and 1997, and identifies the main components of trade union strategic response to change. It argues that Conservative policy is important for its impact upon trade union strategy and practice, and that public sector unions constitute the leading edge of trade union strategic modernization in Britain.     

Free Trade without Words: Popular Public Rituals and Corn Law Repeal in the Early 1840s

This article examines the folkloric protest and popular political culture during the anti-Corn Law agitation. It offers a new analysis of the role of customary demonstration based on moral economy in supporting free importation of foreign corn. It examines previously unstudied bread processions during the 1841 general election and effigy burnings of Sir Robert Peel that occurred simultaneously against his minor revision of the Corn Laws in 1842. It argues that the practice of these traditional protests offered a basis on which plebeians understood the emerging idea of Free Trade. While the protesters and more moderate reformers represented by the Anti-Corn Law League shared a common cause of Corn Law repeal, there was a potential conflict over respectability. Moreover, Chartists could appropriate this popular custom for promoting the People's Charter rather than Free Trade. This article contributes to understanding the relationship between popular custom and radical politics in the wider context of the emergence of Free Trade Britain in the early Victorian period.     

Import Liberalization and Industrial Performance: The Conceptual Underpinnings

Import liberalization is a centrepiece of conventional approaches to policy reform and structural adjustment. Despite substantial criticism of the effects of liberalization, the underlying economic reasoning is widely accepted. This article examines the ways in which different schools of thought analyse the effect of ‘opening up’ the economy on industrial development, and contrasts neoclassical and evolutionary approaches. Different conceptualizations of ‘market failure’ emerge as the focal point for differences in discussing the role and scope of government intervention, with a convergence between the information-economics and firm-level evolutionary approaches (particularly the ‘technological capabilities’ approach). The empirical literature and its interpretation by different schools are reviewed, demonstrating how policy recommendations are strongly affected by the particular theory that informs the analysis of market failure and efficiency. It is concluded that empirically oriented micro-level approaches are the most promising in guiding policy decisions.     

Politics,Society and Financial Liberalization: Turkey in the 1990s

This article focuses on the political economy of Turkey in the 1990s to illustrate the importance of analysing economic variables that intersect with the quality of political democracy. In 1989, the debt‐ridden state moved to systematically and completely deregulate Turkey’s financial markets. Together with the ongoing processes of liberalizing commodity markets and integrating with global capital markets, financial liberalization was expected to achieve fiscal and monetary stability, stimulate business confidence to invest in productive sectors, produce stable growth, encourage privatization and control inflation. However, the new hegemony of the capital markets has gone hand‐in‐hand with deteriorating macroeconomic performance, a worsening income distribution, the discrediting of politics and its isolation from society. The authors examine several key dynamics which are helping to legitimate the neoliberal agenda of the 1990s. These include the distribution of state largesse to manipulate electoral capitalism; the rise of an informal sector in the ‘Anatolian Tigers’; promotion of the seductive attractions of the market; and an antipolitical reform populism adopted by political actors to exploit popular disillusionment with the political system.