Includes bibliographical references and index

1. International Trade and Development Paradigms -- 1.1. Mercantilist Theory of Trade and Development -- 1.2. Classical Political Economists on Trade and Growth -- 1.3. The Post-World War II Debate: Free Trade vs. Trade Protection -- 1.4. Export Pessimism and Legacy of Inward- Looking Development Strategy -- 1.5. Development Crises and Globalization as a Universal Development Strategy -- 1.5.1. The Beginning of the Crisis -- 1.5.2.Combating the Crisis in Europe -- 1.5.3. What is in Store for Developing Countries? -- 1.6. International Trade, Pollution, and Sustainable Development -- 2. Problems of Trade in Primary Commodities -- 2.1. Prebisch-Singer Hypothesis of Unequal Distribution of Gains -- 2.2. Critique of Secular Deterioration of TOT -- 2.3. Unequal Exchanges -- Appendix: Proof -- 3. Terms of Trade and Growth -- 3.1. Trade, Factor Mobility, and Immiserizing Growth -- 3.2. Structuralist Theories: Foreign Exchange, Savings, and Growth

Contents note continued: 3.3. North-South Trade, TOT, and Growth -- 3.3.1. Lewis-Nurkse Growth Process and Economic Dependence -- 3.3.2. Long Run TOT and Growth -- 3.4. Country Experiences -- Appendix: Fundamental Theorems and Proofs -- 4. Foreign Direct Investment and Multinational Firms -- 4.1. Introduction -- 4.2. Targeting Sectors for Foreign Capital Inflow and Welfare Implications -- 4.2.1. FDI in Retail -- 4.3. Foreign Capital and Skill Formation -- 4.3.1. The Model -- 4.3.2. Changes in Policy -- 4.4. Concluding Remarks -- Appendix 1 Proof of Tariff Reduction and Skill Formation -- Appendix 2 Proof of Interest Rate Rise and Skill Formation -- Appendix 3 Proof of Export Price Rise and Skill Formation -- Appendix 4 Proof of Currency Devaluation and Skill Formation -- 5. International Labour Mobility and Welfare -- 5.1. Introduction -- 5.2. Overview -- 5.2.1. Host Country Problem -- 5.3. Various Effects of Migration: Source and Destination Interactions

Contents note continued: 5.3.1. Immigration and Skill Formation -- 5.4.A Model and the Results -- 5.4.1. Effects of Trade Liberalization -- 5.4.2.A Terms-of-Trade Improvement or an Interest Cut on Foreign Capital -- 5.5. Conclusion -- Appendix: Algebraic Proofs and Graphical Analyses -- 6. Information, Labour Migration, and Occupation -- 6.1. Introduction -- 6.2. Asymmetric Information and the Decision to Migrate -- 6.3. Asymmetric Information in the Labour Market -- 6.3.1. An Example -- 6.4. Concluding Remarks -- 7. Trade, Foreign Aid, and Welfare -- 7.1. Introduction -- 7.2. The Analytical Dimensions of Foreign Aid -- 7.2.1. Types of Foreign Aid -- 7.2.2. Macroeconomic and Generalized Implications of Foreign Aid -- 7.3. Foreign Aid, Governance, and Policy -- 7.4. Concluding Remarks -- 8. Trade, Poverty, and Readjustments -- 8.1. Introduction -- 8.1.1. How Does Trade Affect the Poor? -- 8.2. Trade, Informal Sector, and Poverty -- 8.2.1. Modelling the Informal Sector

Contents note continued: 8.3. The Political Economy of Trade Policy -- 8.3.1. Trade and Readjustments -- 8.3.2. Wage Subsidy -- 8.3.3. Group-specific Welfare -- 8.4. Concluding Remarks -- Appendix 1 The Relation between Trade and Informal Wages -- Appendix 2 Trade Adjustment Assistance and Welfare -- 9. Regional Trading Arrangements as Development Strategy -- 9.1. Types of RTAs -- 9.2. Causes and Consequences of RTAs -- 9.2.1. Static Welfare Gains and Old Regionalism -- 9.2.2. Causes of Contemporary Regionalism -- 9.2.3. Dynamic Gains and Formation of Regional Trade Blocs -- 9.3. Regionalism and Multilateralism -- 10. TRIPS, Product Standards, and the Developing Economies -- 10.1. TRIPS -- 10.1.1. Parallel Imports, Innovation, and Welfare -- 10.1.2. TRIPS, Parallel Imports, and Market Access to New Drugs -- 10.1.3. TRIPS, Innovation, and Growth -- 10.2. Environmental Standards -- 10.2.1. Unfair Trade and Ecological Dumping -- 10.2.2. Trade, Growth, and Pollution

Contents note continued: 10.2.3. Environmental Regulation as a Non-Tariff Barrier -- 10.2.4. Capital Flight and Pollution Haven -- 10.3. Labour Standards, Trade Sanctions, and Child Labour -- 10.3.1. Trade sanctions, boycotts, and perverse effects on the incidence of child labour -- 10.3.2. Product Labelling and Child-Labour Content Tariff -- 11. International Outsourcing, Offshoring, and Industrialization Strategies -- 11.1. Concepts, Measurement, and Magnitude of Outsourcing and Offshoring -- 11.2. Costs and Benefits of Offshoring and International Outsourcing -- 11.3. Export Processing Zones (EPZs) as a Development Strategy -- 11.4. EPZs and Welfare in Developing Countries -- 12. Contagion of Crisis and Concluding Remarks -- 12.1. Introduction -- 12.2. Analytical Categories of Currency Crisis -- 12.2.1. Trade Links of Contagion -- 12.2.2. The East Asian Crisis -- 12.3. Concluding Remarks

Text in English