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Y376 International Political Economy January 25, 2012

Pioneers of Trade Theory ,[object Object],[object Object]

Graphical Version of Ricardian Theory

Heckscher-Ohlin Model ,[object Object],[object Object],[object Object],[object Object]

Let’s Play the Trade Ruler Game! ,[object Object]

History of U.S. Trade Policy ,[object Object],[object Object],[object Object],[object Object],[object Object]

Figure 3-1. Average U.S. Tariff Rates on Dutiable Imports, 1821-2000, in Percentages Source: U.S. International Trade Commission; U.S. Department of Commerce, Bureau of the Census, Historical Statistics of the United States ; and Statistical Abstract of the United States , various years.

Overall Tariff Levels and Trade/GNP, 1850-1990

Figure 3-2. Growth in World Exports, 1958-2006, in Billions of Current Dollars Source: International Monetary Fund, Direction of Trade Statistics Yearbook (various years).

Figure 3-3. Trade/GDP in the US, Britain, Germany, France, and Japan, 1960-2006, in Percentages Sources: World Bank, World Development Indicators 2001 CD-ROM (Washington, D.C.: World Bank, 2001): OECD.Stat, http://stats.oecd.org/ .

Interregional Trade Flows, 1990

Main Rules of the GATT ,[object Object],[object Object],[object Object],[object Object],A tariff is a tax that is charged on the value of imported goods.

Multilateral Trade Negotiations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Biggest tariff reductions occurred in the Kennedy Round. Tokyo Round began discussions of non-tariff barriers. Uruguay Round established the basis for the World Trade Organization.

Main Issues in the Tokyo Round ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Example of a Subsidies Dispute: Airbus vs. Boeing This is a Boeing 777 This is an Airbus 300 Latest WTO ruling (video)

Main Issues in the Uruguay Round ,[object Object],[object Object],[object Object],[object Object],French farmers protesting the Maastricht Treaty inEurope.

Multilateral Trade Negotiations: The Doha Round ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Pascal Lamy calls time out on Doha Round in 2006

Main Issues in the Doha Round ,[object Object],[object Object]

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