Russia’s Accession to the World Trade Organization

Two noted British economists survey a range of issues linked to Russia’s forthcoming accession to the World Trade Organization (WTO) and its implications for the Russian economy. They describe the far-reaching commitments Russia has undertaken in the realm of tariffs, non-tariff barriers, and openness to inward investment, identifying factors that tend both to support and challenge realization of these commitments. They follow with a brief historical account of the reasons why the accession process for Russia was so protracted and an assessment of the likely medium- and long-term economic impacts of accession for the country as well as for its particular regions and social groups. The arguments suggest that the likely direct impacts of accession will overall be modest (at least over the near- to medium-term), and focused in spheres in which a foreign presence may enhance the productivity of Russian firms in the domestic market (e.g., business services). Potentially, more substantial indirect benefits will largely depend on the scale and seriousness of domestic reform policies launched in support of WTO compliance (i.e., effects of accession on Russia’s political economy). Journal of Economic Literature, Classification Numbers: F130, F500, P330. 3 figures, 6 tables, 54 references.     

Mazamet and the Skin Wool Trade 1850–1913

Abstract

In 1955, northern Nigerian government officials, working together with the British textile firm, David Whitehead &; Sons, successfully began arrangements to build the first large textile manufacturing mill in Nigeria, Kaduna Textiles Ltd (KTL), which began production in 1957. In the following decade, several textile mills opened in Kaduna, northern Nigeria, including Arewa Textiles, United Nigerian Textiles Ltd (UNTL) and Nortex among others. Textile production, spinning and dyeing operations expanded in Kaduna during the oil boom years of the 1970s. Yet by 1997, KTL, Arewa Textiles and UNTL were barely functioning, operating with obsolete equipment, without capital to obtain spare parts and without a regular source of electricity. By 2007, all three mills had closed. In this paper, we examine the growth and the reasons for the subsequent decline of textile manufacturing in Kaduna. We argue that the industry’s decline reflected both internal problems — such as frequent changes in political leadership, which contributed to abrupt shifts in industrial policy and a failure to maintain power infrastructure — and external factors — such as the implementation of a structural adjustment programme in 1986 that deregulated the currency and made imports of spare parts and modern weaving equipment prohibitively expensive. In addition, changes in international textile trade agreements and the liberalisation of Nigerian-Chinese trade after 2010 have undermined present efforts at revitalising local textile manufacturing. The paper concludes with an assessment of efforts in the first decade of the twenty-first century to reopen these Kaduna textile firms.     

Songs Wafted From the Tea-Horse Trade Route(Ⅰ)

A small passage cutting through Hendu-an Mountains and the Himalayas in southwest China has been bustling with shuttling traders driving caravans of fully loaded beasts of burden for a millennium. Unlike the Silk Route that is known to all in the world, this route hidden away in high mountains and skirted by flowing streams is almost unknown to the outside world. Such a situation lasted until the 1990s when a number of young scholars surveyed its darkened byways and named it the Tea-Horse     

Songs Wafted From the Tea-Horse Trade Route(Ⅱ)

When we got to the Naxi ethnic town in Yanjin, it was already dark. We were taken to theQoizeka Hot Spring, with an elevation of some 2,000 meters. The Hot Spring Swimming Pool, fed with water from 108 springs, is as large as half a football field. As it is close to the Lancangjiang River, our ears were filled with the roaring sound of the river.We met at an academic meeting in a pavilion by the river after dinner. It was agreed that the Henduan Mountains constitute one of the three major areas where the world's plants are concentrat-     

A Free Trade Area of the Americas in 2005?

In the second presidential summit of the Americas, which took place in April 1998 in Santiago de Chile, 34 heads of states of the Americas announced that they were ready to start negotiating a Free Trade Area of the Americas (FTAA), to be concluded by 2005. This article briefly discusses the current trend in favour of regional preferential trade agreements, describes how the proposal for an FTAA came about, explores more than three years of negotiations that made it possible and assesses the probability of its success.     

The Ice Trade and the Northern Economy, 1840–1914

Abstract

This article examines the opinions, arguments and actions which led to the foundation of universities in the North: in alphabetical order, Leeds, Liverpool, Manchester, Sheffield. Among the topics discussed are: the availability of funding from private sources, the extent of local (especially aristocratic) support, the limited involvement of governments, the differing attitudes towards science and technology, and civic rivalries. Essential features of the ‘university movement’ are displayed, along with the assumptions and ambitions of the Victorians, locally and nationally.     

Herman Moll and the London Map Trade, 1678–1732

Advanced doctoral students whose dissertations are substantially concerned with the history of cartography are invited to contact the editor of this section (Dr Elizabeth Baigent, Wycliffe Hall, Oxford OX2 6PW, UK; elizabeth.baigent@wycliffe.ox.ac.uk) to discuss the submission of a short article. For a list of doctoral theses in progress see http://www.maphistory.info/futurephd.html.     

Australia and the European Union in the World Trade Organisation: partners or adversaries?

Shared interests between Australia and the European Union (EU) in multilateral trade negotiations are increasing. However, the relationship in the WTO continues to be defined by conflicts over agriculture. This article examines the case for closer Australia-EU co-operation on shared interests in WTO negotiations while continuing to press for more rapid reform of EU agriculture policies. It traces the major changes in the interface between Australia and the EU in the WTO, including the re-structuring of the Australian economy over the past two decades and the more recent efforts by the EU to modify the trade impact of the Common Agriculture Policy (CAP) on world agriculture trade. The article concludes that closer co-operation between Australia and the EU in the WTO on shared interests would enhance Australia's influence in the multilateral trade system.     

Myth of the Triad? The Geography of Trade and Investment 'Blocs'

The notion that the world is increasingly divided into a triad of economic regions based on North America, the European Union and Japan has become a form of conventional wisdom across a range of disciplines. However, despite the near ubiquitous use of the idea of a triadized world, it remains a somewhat normative assertion, the empirical existence of which has yet to be demonstrated. By using the intramax method to analyze the intensity of international trade and foreign direct investment flows during 1985 and 1995, we examine the changing shape of trade and investment 'blocs' globally. We find that while international trade is increasingly organized around fewer world regions, the presumed outcome of a triad-based world economy remains questionable. We further show that investment intensity patterns do not currently conform to any bloc-like formation, but exhibit instead, globally diffused network regions.     

Iran's Free Trade Zones: Back Doors to the International Economy?

Since the late 1980s, Iran has pursued a policy of attracting foreign investment and fostering regional trade by granting favored status to the so-called “Free Trade-Industrial Zones” (FTZs) and “Special Economic Zones” (SEZs). To date six FTZs and sixteen SEZs have been set up throughout Iran. The FTZs are strategically positioned for their potential international links and have their eyes on markets beyond Iran, and the SEZs for their value in serving main industries and for improving the country's distribution system and supply network. This paper examines the experience of these zones in Iran in the context of Iran's contradictory and ambivalent approach to international economic integration in general. It is shown that liberal policies pursued in the free zones have been in marked contrast to the approach in the mainland, which has been generally inward-looking in much of the post-revolutionary period. We examine first the rise of free zones as a global phenomenon followed by an overview of Iran's zones and their characteristics. It is argued that serving mainly as “back doors” to the international economy, Iran's free zones have stalled mainly because their promotion has been decoupled from, if not at odds with, official attitudes to the international economy at large. As a result, the zones' ability to attract investment has been limited by both adverse external perceptions of Iran as an investment destination and internal complexities discouraging such investment.     

Much Lost,Little Gained? Contemporary Trade Agreements in the Pacific Islands

At the close of the 20th century, it was increasingly clear that Pacific Island countries would struggle to remain competitive in international commodity and merchandise trade. As governments worldwide embraced free trade, many Island exporters looked set to be displaced by more efficient producers elsewhere. Island policymakers also faced pressure from more powerful states to renegotiate trading arrangements to bring them into alignment with the rules of the World Trade Organization. This article explains how Pacific Island countries responded to the overlapping challenges of globalization. It considers strategies pursued by Island states in negotiations with the European Union (EU), and with Australia and New Zealand. In both cases, Pacific Islands pressed for agreements that would take account of their unique trading circumstances, and arrangements that would allow more Pacific Islanders to work abroad. After nearly two decades of talks, however, final results proved disappointing. A proposed regional Economic Partnership Agreement with the EU was essentially abandoned, and a regional trade agreement with Australia and New Zealand was concluded without the signature of Fiji or Papua New Guinea – the two largest Pacific Island economies. Ultimately, contemporary trade agreements in the Pacific achieved little to ameliorate the competitive disadvantages Pacific Island states face participating in international trade.     

Women Workers and the Promise of Ethical Trade in the Globalised Garment Industry: A Serious Beginning?

The paper gives an overview of the recent development within the Ethical Trade Initiative (ETI), especially the development of corporate codes of conduct, and considers the prospects they offer for improving labour conditions for workers in the international garments industry. It argues that two specific features of the industry—competitive production systems based on international subcontracting and the use of predominantly female production workers—are likely to undermine the effective development of a codes-based strategy. Nevertheless, the labour rights agenda at the centre of ETI does provide a space for labour activists, whether operating in or out of formal union structures, to build campaigns and connections around global production networks.     

Bilateral Trade and Trade Frictions between China and Japan, 1972–2012

A specialist on Japan’s economic relations with China offers an overview of the two countries’ bilateral trade from 1972 to the present. The bilateral trade has evolved from inter-industry trade (in which China exported primary goods and Japan exported machinery) to intra-industry trade (in which both sides mainly exported machinery to the other). Compared with incidents of acute trade frictions involving Japan and the U.S. and China and the U.S., the trade relations between Japan and China have remained relatively calm, serving as a stabilizer for the broader relationship involving the two countries. Nonetheless, the author documents a recent intensification of trade frictions, as it becomes increasingly evident that China has caught up with (and now surpassed) Japan as an economic power. The analysis shows that, up to 1993, most of the trade disputes involved Japan’s exports to China, and were raised by the Chinese side. Since 1994, most trade disputes were over Japan’s imports from China, and were raised by the Japanese side. Journal of Economic Literature, Classification Numbers: F140, F510. 3 figures, 27 references.     

Great Prospects of Foreign Trade

The Xigaze area has 18 counties(cities) under its jurisdiction.Of these, nine are located inthe border area abutting Nepal,Bhutan and Sikkim. At present, the areahas opened three border trade ports, andis preparing to open one more. In addi-tion, the area has opened 29 cross-bordermarkets.Major Ports in Xigaze Nylam (Zham) Port was approved bythe State Council as a State Class OneLand Port in 1962 anu equipped withsuch facilities as customs, commodity     

Border Trade Flourishes In Zham

WalkingdownthemainstreetinZham,oneisamazedtoseecrimsonsmallbuildingsshadedbyemeraldtrees.Thestreetisflankedhereandtherebyhotels,businessbuildings,postoffices,telecomoffices,andTibetancompatriots'receptionhalls.Thetown,perchedattheChina-Nepalhorder,coversanareaof70squarekm,slantingatanangleof30-45degrees.Withanelevationof2,200meters,itistheonlyState-levellandPortinTibet.ThepopulationisprimarilyfromtheXarbaethnicgroup,totaling1,000.Onthefirstfloorofthesmall,crimsonbuildingsarestoressellingme…     

Archaeology of Trade in the Western Indian Ocean, 300 BC–AD 700

In the millennium after 300 BC, the western Indian Ocean emerged as a main hub of Old World exchange. Study of this commerce long depended on separate regional archaeologies and a handful of literary sources with Western/Roman bias. A recent surge in scholarly interest has led to a vast increase in data that has fostered a more balanced understanding of the commercial, human, and material aspects of ancient Indian Ocean trade. This review summarizes recent research on the topic and assesses its significance to wider scholarly debates on scale, organization, connectivity, agency, and social cohesion in ancient trade and exchange.     

Securing the “Interests” of the South: John Mitchel,A.G. Magrath,and the Reopening of the Transatlantic Slave Trade

Traditionally scholars have downplayed the importance of southern calls to reopen the transatlantic slave trade in the 1850s. Those who have paid serious attention to this effort see it as another endeavor by aristocratic planters to enshrine their social, economic, and political power in the antebellum South. The advocates were, as one puts it, “no champions of the common white man.” Two Irish-American leaders who supported the reopening, John Mitchel and Andrew Gordon Magrath, complicate this view of the attempt as just a planters’ plot. Their actions and opinions indicate that some proponents did see importing African slaves as something that would benefit all whites and not just the elite, and, as a result, protect the overall “interests” of the South. Mitchel and Magrath's support of Ireland and Irish immigrants and their opposition to British power influenced their positions on the matter.