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This is the sixteenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy.Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national levelProvides up-to-date assessments of the World Trade Organization's current Trade Policy ReviewsAnalyses trade policy in areas such as Turkey and includes a symposium on China and AfricaContributors also investigate the growth of agricultural protection in Europe in the 19th and 20th Centuries.A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues
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THE WORLD ECONOMY
THE WORLD ECONOMY GLOBAL TRADE POLICY 2009 Edited by David Greenaway Leverhulme Centre for Research on Globalisation and Economic Policy, University of Nottingham
A John Wiley & Sons, Ltd., Publication
This edition first published 2010 Originally published as Volume 32, Issue 11 of The World Economy Chapters © 2010 The Authors Editorial organization © 2010 Blackwell Publishing Ltd Blackwell Publishing was acquired by John Wiley & Sons in February 2007. Blackwell’s publishing program has been merged with Wiley’s global Scientific, Technical, and Medical business to form Wiley-Blackwell. Registered Office John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, United Kingdom Editorial Offices 350 Main Street, Malden, MA 02148-5020, USA 9600 Garsington Road, Oxford, OX4 2DQ, UK The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, UK For details of our global editorial offices, for customer services, and for information about how to apply for permission to reuse the copyright material in this book please see our website at www.wiley.com/wiley-blackwell. The right of David Greenaway to be identified as the author of the editorial material in this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, except as permitted by the UK Copyright, Designs and Patents Act 1988, without the prior permission of the publisher. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. Designations used by companies to distinguish their products are often claimed as trademarks. All brand names and product names used in this book are trade names, service marks, trademarks or registered trademarks of their respective owners. The publisher is not associated with any product or vendor mentioned in this book. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold on the understanding that the publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional should be sought. Library of Congress Cataloging-in-Publication Data The world economy : global trade policy 2009 / edited by David Greenaway. p. cm. – (World economy special issues ; 7) Includes bibliographical references and index. ISBN 978-1-4051-9704-5 (pbk.) 1. Africa–Foreign economic relations–Asia. 2. Asia–Foreign economic relations– Africa. 3. Agriculture and state–Europe–History. I. Greenaway, David. HF1611.Z4A788 2010 337.605–dc22 2010009771 A catalogue record for this book is available from the British Library. Set in 11/13 pt Times by Toppan Best-set Premedia Limited Printed in Malaysia 01 2010
Contents Foreword List of Contributors
vii viii
SPECIAL FEATURE O