Pamela J. Smith 
Global Trade Policy 
Questions and Answers

Using a unique, question-based format, Global Trade
Policy offers accessible coverage of the key questions in trade
and policy; it charts the changing policy landscape and evolving
institutional arrangements for trade policies, examines trade
theory, and provides students with an economic framework to better
understand the current issues in national and international trade
policy.

* Uses a unique, question-based format to explore the questions
and current debates in international trade policy and their
implications

* Explores trade theory to help guide discussions of trade
policy, including traditional theories of inter-industry trade, as
well as newer theories of intra-industry and intra-firm trade

* Examines the national and international effects of widely used
policies designed to directly and indirectly affect trade, and
considers the evolving institutional arrangements for these

* Charts the changing policy landscape from traditional trade
policies – such as tariffs, quantitative restrictions, and
export subsidies – to those including intellectual property
rights, labor, the environment, and growth and development
policies

* Covers national as well as global perspectives and their
interaction, helping to explain opposing views on trade policy and
liberalization

* Includes applied exercises enabling students to explore
open-ended and realistic questions of policy debate, making it
ideal for classroom use; an instructor’s manual and a range
of other resources are available at href=’http://www.wiley.com/go/globaltradepolicy’>www.wiley.com/go/globaltradepolicy

Table of Content

Acknowledgments

List of Tables

List of Figures

Preface

Part One: Trade Theory as Guidance to Trade Policy

1. Preliminaries: Trade Theory

2. Inter-industry Trade

3. Intra-Industry and Intra-Firm Trade

Part Two: Trade Policies and Their Effects

4. Preliminaries: Trade Policy and Welfare Considerations

5. Tariffs

6. Export Subsidies

7. Quantitative Restrictions

8. Policy Comparisons

Part Three: Trade-Related Policies

9. Preliminaries: Trade-Related Policies and Trade in Services

10. Intellectual Property Rights

11. Environmental Policies

12. Labor Policies

13. Growth and Development Policies

Part Four: Trade Arrangements

14. Regional and Multilateral Arrangements

Applied Problems

Further Reading

Notes

References

Index

About the author

Pamela J. Smith is Associate Professor of applied economics at the University of Minnesota and teaches international trade and policy at the graduate and undergraduate levels