Managed Trade: What Could Be Possible Spillover Effects of a Potential Trade Agreement between the U.S. And China?

2019 ◽  
Author(s):  
Eugenio Cerutti ◽  
Pragyan Deb ◽  
Albe Gjonbalaj ◽  
Swarnali Ahmed Hannan ◽  
Adil Mohommad
Keyword(s):  
Trade Agreement ◽  
Spillover Effects ◽  
Managed Trade ◽  
The U.S

scholarly journals Managed Trade

2019 ◽  
Vol 19 (251) ◽  
Author(s):  
Eugenio Cerutti ◽  
Shan Chen ◽  
Pragyan Deb ◽  
Albe Gjonbalaj ◽  
Swarnali Hannan ◽  
...  
Keyword(s):  
European Union ◽  
Bilateral Trade ◽  
International System ◽  
Trade Diversion ◽  
Spillover Effects ◽  
Domestic Demand ◽  
The European Union ◽  
The World ◽  
Managed Trade ◽  
The U.S

The trade discussions between the U.S. and China are on-going. Not much is known about the shape and nature of a potential agreement, but it seems possible that it would include elements of managed trade. This paper attempts to examine the direct, first-round spillover effects for the rest of the world from managed trade using three approaches. The results suggest that, in the absence of a meaningful boost in China’s domestic demand and imports, bilateral purchase commitments are likely to generate substantial trade diversion effects for other countries. For example, the European Union, Japan, and Korea are likely to have significant export diversion in a potential deal that includes substantial purchases of U.S. vehicles, machinery, and electronics by China. At the same time, a deal that puts greater emphasis on commodities would put small commodity exporters at a risk. This points to the advantages of a comprehensive agreement that supports the international system and avoids managed bilateral trade arrangements.

Free Trade on Television: The Triumph of Business Rhetoric

1992 ◽  
Vol 17 (1) ◽  
Author(s):  
Stephen Block
Keyword(s):  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Complex Issue ◽  
Le Canada ◽  
The U.S

Abstract: This paper attempts to unravel the very complex issue of balance first by addressing its historical and theoretical contexts. Then the coverage of the U.S.-Canada Free Trade Agreement (FTA) is used as a case study. Résumé: Dans cet article l'auteur s'applique à décortiquer la complexité de la controverse notion de "balance'' dans la couverture médiatique. Il la place d'abord dans son contexte historique et théorique. Il s'appuie, ensuite, comme exemple, sur le suivi que les médias ont fait autour des pourparlers et de l'entente du libre-échange entre le Canada et les États-Unis.

scholarly journals A Study of the Environmental Issues Associated with the Dominican RepublicCentral American Free Trade Agreement (DR-CAFTA)

2011 ◽  
Vol 8 (1) ◽  
Author(s):  
Shyamalendu Sarkar
Keyword(s):  
Free Trade ◽  
Capital Investment ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Economic Incentives ◽  
Central American ◽  
Environmental Objectives ◽  
Environmental Requirements ◽  
The U.S

The Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) with the United States was passed on July 28, 2005. The main goal of DR-CAFTA is to create a free trade zone for economic development. The Agreement is highly controversial with many contentious issues including concern about the environment, which is the focus of this study. The concern is that the environmental objectives are expected to be subservient to trade and other economic incentives which will lead to further deterioration of the environment in countries where the environmental standards are already low. The effects on the U.S. environment are expected to be minimal. However, it is feared that the U.S. manufacturing facilities may relocate to Central American countries to take advantage of low wages and low environmental requirements, which may result in loss of jobs and capital investment in the U.S. However, overall DR-CAFTA is expected to be beneficial in many ways, including an increase in trade and economic growth in all participating countries.

scholarly journals The Effects from The U.S. and Japan to Emerging Stock Markets in Asia and Vietnam

2021 ◽  
Author(s):  
SDAG Lab
Keyword(s):  
Emerging Markets ◽  
Stock Prices ◽  
Stock Markets ◽  
Spillover Effect ◽  
Spillover Effects ◽  
The Philippines ◽  
Volatility Spillovers ◽  
Return Effect ◽  
Asian Emerging Markets ◽  
The U.S

The subprime mortgage crisis in the U.S. in mid-2008 suggests that stock prices volatility do spillover from one market to another after international stock markets downturn. The purpose of this paper is to examine the magnitude of return and volatility spillovers from developed markets (the U.S. and Japan) to eight emerging equity markets (India, China, Indonesia, Korea, Malaysia, the Philippines, Taiwan, Thailand) and Vietnam. Employing a mean and volatility spillover model that deals with the U.S. and Japan shocks and day effects as exogenous variables in ARMA(1,1), GARCH(1,1) for Asian emerging markets, the study finds some interesting findings. Firstly, the day effect is present on six out of nine studied markets, except for the Indian, Taiwanese and Philippine. Secondly, the results of return spillover confirm significant spillover effects across the markets with different magnitudes. Specifically, the U.S. exerts a stronger influence on the Malaysian, Philippine and Vietnamese market compared with Japan. In contrast, Japan has a higher spillover effect on the Chinese, Indian, Korea, and Thailand than the U.S. For the Indonesian market, the the return effect is equal. Finally, there is no evidence of a volatility effect of the U.S. and Japanese markets on the Asian emerging markets in this study.

scholarly journals The peaceful resolution of U.S.-Mexican transboundary water disputes

2007 ◽  
Vol 2 (2) ◽  
Author(s):  
Alyssa M. Neir ◽  
Michael E. Campana
Keyword(s):  
Agricultural Production ◽  
Free Trade Agreement ◽  
Formal System ◽  
Trade Agreement ◽  
The United States ◽  
Transboundary Water ◽  
The North ◽  
International Boundary ◽  
Water Issues ◽  
The U.S

To deal with boundary and transboundary water issues along their border, the United States and Mexico established the International Boundary and Water Commission (IBWC) in 1889. Initially dealing only with surface water flows, its flexibility permitted changes such that groundwater and water quality issues could be addressed. In 1994, the U.S., Mexico, and Canada adopted the North American Free Trade Agreement (NAFTA) primarily to facilitate trade, but which can govern water as an article of commerce. Both NAFTA and the IBWC have been instrumental in promoting peaceful solutions to water issues. The article examines three cases: (1) Mexico's protesting of a U.S. plan to line the All-American Canal on the Mexico-California; (2) the underdelivery of Mexican Rio Grande water to the U.S. state of Texas; and (3) the case of an aquifer entirely within Mexico whose supply is being stressed because of a shift in agricultural production prompted by NAFTA. The article concludes that both countries should: (1) develop a more formal system for groundwater issues and (2) exercise vigilance with respect to NAFTA's ability to treat water solely as an economic good.

scholarly journals Trade Creation and Trade Diversion in the North American Free Trade Agreement: The Case of the Agricultural Sector

2007 ◽  
Vol 39 (1) ◽  
pp. 121-134 ◽  
Author(s):  
Dwi Susanto ◽  
C. Parr Rosson ◽  
Flynn J. Adcock
Keyword(s):  
Free Trade ◽  
North American ◽  
Free Trade Agreement ◽  
Agricultural Sector ◽  
Trade Agreement ◽  
Trade Diversion ◽  
The North ◽  
Tariff Rates ◽  
Agricultural Imports ◽  
The U.S

This paper examines the effect of the U.S.-Mexico trade agreement under the North American Free Trade Agreement (NAFTA). The results suggest that U.S. agricultural imports from Mexico have been responsive to tariff rate reductions applied to Mexican products. A one percentage point decrease in tariff rates is associated with an increase in U.S. agricultural imports from Mexico by 5.31% in the first 6 years of NAFTA and by 2.62% in the last 6 years of NAFTA. U.S. imports from Mexico have also been attributable to the pre-NAFTA tariff rates. Overall, the results indicate that the U.S-Mexico trade agreement under NAFTA has been trade creating rather than trade diverting.

Neoliberalism and Counterinsurgency

Colombia ◽  
2020 ◽  
Author(s):  
Richard D. Mahoney
Keyword(s):  
United States ◽  
Free Trade ◽  
Latin American ◽  
North American ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
The North ◽  
Trade Promotion ◽  
The U.S

How did the U.S.-Colombia free trade agreement come about? The officially named “U.S.-Colombia Trade Promotion Agreement” was the stepchild of a rancorous hemispheric divorce between the United States and five Latin American governments over the proposal to extend the North American Free Trade Agreement...

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