PA 856: Trade, Competition, and Governance in a Global Economy
This site provides resources for students in PA 856
at the University of Wisconsin,
Madison for Fall 2005 Semester
Syllabus |
Important Dates |
Downloadable Course Materials and Information Sources |
Robert M. LaFollette School of Public Affairs |
Department of
Economics
LECTURE: MW 1:00-2:15
Instructor
Professor Menzie Chinn
Office Hours: MW 2:30-3:30
Office: 7418 Social Sciences Bldg.
Phone: (608) 262-7397
email:
mchinn@lafollette.wisc.edu
Home Page
PA856 Syllabus in PDF file.
This course provides an introduction to international trade policy. Its purpose is to provide students with an understanding of international trade theory, rules, politics and institutions and the major policy issues facing the global trading system. The first part of the course presents a treatment of the theory of international trade. It explores the rationale for free trade, the distributional impact of trade, the impact of tariffs and quotas and the challenges presented by deeper international economic integration. The second part of the course deals with the World Trade Organization. It explores negotiation mechanisms and principles and the rules relating to market access, dispute settlement, fair trade, safeguards and trade-related intellectual property. (TRIPs). The third part considers major issues facing the trading system. These include regional trading arrangements, foreign investment, China’s entry into the WTO and the Doha Development Agenda.
The required textbook are:
Paul Krugman and Maurice Obstfeld, International Economics: Theory and Policy 7/E (Addison-Wesley),
available at the University Bookstore.
Kenneth W. Dam, The Rules of the Global Game: A New Look at US International Economic Policymaking 2001 (U.Chicago Press).
Additional assigned readings will be available on the Web (via links on this website). Required Additional Readings
- Midterm 1, Wednesday, 10/10
- Midterm 2, Wednesday, 11/16.
- Term paper, Friday, 12/16, 5PM.
Downloadable Course Materials
- Cr1 M. Crowley, 2003, “An introduction to the WTO and GATT,” Economic Perspectives 2003Q4.
- Cr2 M. Crowley, 2004, “The worldwide spread of antidumping protection,” Chicago Fed Letter No. 198.
- CBO CBO, 2003, “The pros and cons of pursuing free-trade agreements,” Economic and budget issue brief, July 31, 2003.
- BJS Bernard, Jensen and Schott, 2004, “Facing the Dragon: Prospects for U.S. Manufacturers in the Coming Decade,” mimeo, May 2004.
- FH Feenstra and Hanson, "Global Production Sharing and Rising Inequality: A Survey of Trade and Wages," June 2001, forthcoming in Kwan Choi and James Harrigan, eds., Handbook of International Trade, Basil Blackwell.
- IMF Rumbaugh and Blancher, 2004, “China: International Trade and WTO Accession,” IMF Working Paper WP/04/36.
- CT Copeland and Taylor, 2003, “Trade, Growth and the Environment,” forthcoming Journal of Economic Literature.
Additional Readings
- "Services Offshoring: What do the data tell us?" Brookings Conference, June 22, 2004.
- Kozlow and Borga (BEA), Offshoring and US Balance of Payments, June 22, 2004.
- "The Economics of Offshoring," Economist, Sept. 16, 2004.
- NBER Conference on "Globalization and Poverty," Sept. 10-11, 2004.
- Kym Anderson, "The Challenge of Reducing Subsidies and Trade Barriers," World Bank Policy Research Working Paper No. 3415 (Sept. 2004).
- Hildegunn Kyvik Nordås, “The Global Textile and Clothing Industry post the
Agreement on Textiles and Clothing,” WTO Discussion Paper No. 5 (July, 2004).
- Links to Agriculture and Trade readings
- WTO page on Regional Trading Arrangements
- Edwin Vermulst, "Section 3.6: Anti-dumping," Dispute Settlement (UNCTAD: New York and Geneva, 2003).
- Office of Textiles and Apparel, US ITA (Dept. of Commerce) China textile safeguards are described here.
- Committee for the Implementation of Textile Agreements (CITA) Interagency group chaired by Commerce.
- Countervailing and Anti-dumping duty orders in place as of 10/2004, by country.
- Countervailing and Anti-dumping duty orders in place as of 10/2004, by date.
- WTO page on TRIPS
- World Bank, "Press Release: Regional Trade Pacts Must Create – Not Divert – Trade to Reduce Poverty: World Bank Report" (11/16/2004)
- European Union description of 1992 Agreement on Large Civil Aircraft
- BBC Q&A: Boeing vs. Airbus
- USTR, "Press Release: U.S. Files WTO Case Against EU Over Unfair Airbus Subsidies" (10/6/2004)
- SURVEY: OUTSOURCING -
A world of work," Economist (11/11/2004) [Note: Subscription required]
- Sources for SURVEY: OUTSOURCING," Economist.
- Oxfam America, “Rigged Rules and Double Standards: trade, globalization, and the fight against poverty," (2004)
- "Exclusive: Not all trade agreements are good," Economist (11/18/2004)
- "The OECD on China's Economy: A Model of Reform," Economist (9/16/2005)
- CBO, 2003, " The Effects of NAFTA on U.S.-Mexican Trade and GDP," May 2003.
- Congressional Research Service, "Central America and the Dominican Republic in the Context of the Free Trade Agreement (DR-CAFTA) with the United States," RL32322
August 04, 2005
- IMF, "Central America: Global Integration and Regional Cooperation ," Occasional Paper No. 243
July 2005
- Schott, "Does FTAA Have a Future?" Mimeo. October 2005
- Hufbauer and Yee, "Prospects for Regional Free Trade in Asia" IIE Working Paper 05-12 June 2005
- CBO, Policies That Distort World Agricultural Trade: Prevalence and Magnitude, August 2005
- State Department page on "Open Skies" agreements
- Mankiw and Swagel, "The Politics and Economics of Offshore Outsourcing," paper presented
at Carnegie-Rochester conference, November 18, 2005.
- Brander, "International Outsourcing and incomplete contracts," NBER WP No. 11418.
- CRS, "China’s Trade with the United States and the World," RL No. 31403.
- D. Holtz-Eakin, "Economic Relationships Between the United States and China," Testimony of CBO Director before House Ways and Means Cmte. (April 14, 2005).
- K.C. Fung et al., "The Giant Sucking Sound: Is China Diverting Foreign Direct Investment from East Asia and Latin America?," Economic Forum (Jan-Feb 2005).
News
- Floyd Norris, "U.S. Tech Exports Slide, but Trash Sales Are Up,"
NYT Jan 14
- Keith Bradsher, "A Chinese Revaluation May Not Help U.S.,"
NYT Jan 14
- Stephanie Kirchgaessner, "US watchdog extends review Lenovo of deal,"
FT Jan 29
- Alan Beattie, "Ministers meet in Davos to revive trade talks,"
FT Jan 28
- DANNY HAKIM , "Taking Down the 'No Foreign Cars' Signs in Michigan,"
NYT, March 3
- "The Economics of Offshoring," Economist, Sept. 16, 2004.
- SURVEY: OUTSOURCING -
A world of work," Economist (11/11/2004) [Note: Subscription required]
- Sources for SURVEY: OUTSOURCING," Economist.
- "Special report: The textile industry; the looming revolution," Economist (11/13-19/2004)
- "Putting up the barricades," (against China) Economist (April 25)
- "U.S. and European Reluctance to Cut Farm Subsidies Weighs on Trade Talks,"
NYT Sep 15
- "China is forecast to top list of exporters,"
FT Sep 16
- "Mandelson dismisses Bush claim over trade,"
FT Sep 16
- "Portman opts for the power of persuasion,"
FT Sep 16
- "WTO chief faces tough test over Doha trade talks,"
FT Sep 16
- "Europe Entertains an American Offer to Cut Farm Aid,"
NYTimes Oct 11
-
"Trade dispute escalates as Airbus says aid pledges 'binding',"
San Jose Mercury News, Oct 7
-
"U.S. to appeal WTO tax ruling,"
MarketWatch, Oct 3
- "EU must keep CAP to protect food security, warns Paris,"
FT Oct 27
- "Europe Remains Divided on Farm Subsidies ,"
NYTimes Oct 21
- "EU 'not looking for trade war on Airbus funding',"
icNorthWales Oct 26
- "Free Trade Talks Stall,"
Washington Post November 5
- "Mountains of Corn and a Sea of Farm Subsidies," NY Times, Nov. 9
- "A Return to Quotas," NY Times, Nov. 9
- "Bush to press Hu on currency," Reuters, Nov. 13
- "Dark clouds over Doha," Economist, Nov. 10
- "EU welcomes U.S. 'open-skies' move," International Herald Tribune, Nov. 3
- "Last round? Intransigence on trade calls into question the multilateral approach," FT, Nov. 16
News Sources
Other
Weblogs
Economics and Economic Policy Links
U.S. Government Agencies
International Organizations
Current and Historical Data
- International Trade Data page set up by Jon Haveman
- White House Economic Briefing Room Contains
current economic data.
- Bureau of Economic Analysis, Dept. of Commerce Data on GDP components as well as trade and FDI flows
- Bureau of the Census, Dept. of Commerce Data on the characteristics
of the US population as well as of US firms.
- Bureau of Labor Statistics, Dept. of Labor Data on
wages, prices (including imported goods), productivity in the US and abroad, and employment and unemployment rates.
- Statistical Abstract of the US
A compilation of statistics about the US, from government and nongovernment sources.
- Economic Report of the President, various years. The back portion of
this annual publication contains about 70 tables of government economic data.
- St. Louis Fed economic database Thousands
of time series on economic activity, in an easily downloadable form.
- Economic Time Series page A large collection of economic time series.
- NBER Data Specialized economic databases, including trade related, created by
economists associated with the National Bureau of Economic Research.
- BEA detailed data on services Useful link for US data on offshore outsourcing.
- Penn World Tables Annual GDP and other data for over a hundred countries, expressed
in dollars, after adjusting for differing price levels.
PA856 Trade, Competition and Governance in the Global Economy/ UW Madison / mchinn@lafollette.wisc.edu / 17 December 2005