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 2007 Semester
A steel factory in Xingtai, North China's Hebei Province. Original source: "China's economy probably grew 10.4 pct," China Daily.com, April 17, 2007.
Important Dates |
Downloadable Course Materials and Information Sources |
Robert M. LaFollette School of Public Affairs |
LECTURE: MW 1:00-2:15, 228 Education Building
Professor Menzie Chinn
M 3-4 in Social Sciences Bldg, Rm. 7418, Tel: 262-7397
W 2:30-4:30 in 1225 Observatory Drive Associate Director’s Office, Tel: 263-1802
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 textbooks, available at the UW Bookstore, are:
- Paul Krugman and Maurice Obstfeld, International Economics: Theory and Policy 7/E (Addison-Wesley).
- Charan Devereaux, Robert Z. Lawrence and Michael D. Watkins, Case Studies in US Trade Negotiation, Volumes 1 and 2
(Peter G. Peterson Institute for International Economics).
Additional assigned readings will be available on the Web (via links on this website). Required Additional Readings
- No class 9/26 (Wednesday)
- Midterm 1, 10/10 (Wednesday)
- Midterm 2, 11/14 (Wednesday).
- No class 12/3 (Monday)
- Term paper, 12/14 (Friday).
Downloadable Course Materials
- Fmn Thomas L. Friedman, "It's a Flat World, After All," NY Times Magazine, April 3, 2005.
- Lmr E. Leamer,"Review of the T. Friedman's The World Is Flat," forthcoming, Journal of Economic Literature.
- 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.
- CRS CRS, "Foreign Direct Investment: Current Issues," RL33984 (April 27, 2007).
- 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.
- Edwin Vermulst, "Section 3.6: Anti-dumping," Dispute Settlement (UNCTAD: New York and Geneva, 2003).
- Countervailing and Anti-dumping duty orders in place as of 10/2007, by country.
- Countervailing and Anti-dumping duty orders in place as of 10/2007, by date.
- WTO page on Regional Trading Arrangements
- WTO page on TRIPS
- WTO page on GATS
- Spencer, Barbara J. and James A. Brander, "strategic trade policy" in S. N Durlauf and L. E. Blume, The New Palgrave Dictionary of Economics, forthcoming Palgrave Macmillan.
- Janet Yellen, "Economic Inequality in the United States," FRBSF Economic Letter 2006-33-34; December 1, 2006.
- Xavier Sala-i-Martin, "Global Inequality Fades as the Global Economy Grows."
- "Global economic inequality: More or less equal?" Economist, March 11, 2004.
- James Harrigan's website
- James Harrigan's paper for Tuesday seminar
- Alan P. Larson and David M. Marchick, Foreign Investment and National Security: Getting the Balance Right (Council on Foreign Relations, July 2006)
- WTO page on TRIMs.
- UNCTAD page on Bilateral Investment Treaties
- Mary Amiti and Shang-Jin Wei, "Demystifying Outsourcing," Finance and Development (IMF/World Bank, Dec. 2004)
- Mary Amiti and Shang-Jin Wei, "Fear of Service Outsourcing: Is It Justified?," NBER Working Paper No. 10808
- Mankiw and Swagel, "The Politics and Economics of Offshore Outsourcing," paper presented at Carnegie-Rochester conference, November 18, 2005.
- Catherine Mann, "Globalization of IT Services and White Collar Jobs: The Next Wave of Productivity Growth," Policy Brief 03-11.
- U.S. Food and Agricultural Imports: Safeguards and Selected Issues, (Congressional Research Services, October 03, 2007)
- Kimberly Elliot, "Trade Policy for Development: Reforming U.S. Trade Preferences," Brief, (Center for Global Development, Sept. 10, 2007)
- NBER Conference on "Globalization and Poverty" (Sept. 10-11, 2004)
- Cheung, Chinn and Fujii, "China’s Current Account and Exchange Rate," paper prepared for NBER Conference on China's Growing Role in World Trade.
- WTO page on Sanitary and Phytosanitary Standards.
- Simon Evenett, "The Trade Policy Jungle: A Survival Guide for Academic Economists," mimeo, April 2007.
Economics and Economic Policy Links
U.S. Government Agencies
Current and Historical Data
- World Bank Trade Data page
- 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 / email@example.com / 13 December 2007