Handbook of Global Trade Policy

Notes on Contributors viii

Introduction 1

1 Quo Vadis, Global Trade? 3
Andreas Klasen

Part I Foreign Trade in the 21st Century 23

2 The Global Trade Environment - A New Reality 25
Martina Hoeppner

3 On the Remeasurement of International Trade in the Age of Digital Globalisation 47
Steffen Groening, Cyrus de la Rubia, and Thomas Straubhaar

4 Services Trade, Structural Transformation and the SDG 2030 Agenda 79
Mina Mashayekhi Copyrighted Material

5 Cities and Trade 118
Thomas Hoehn

6 Strategic Trade as a Means to Global Influence 143
Rebecca Harding and Jack Harding

Part II Global Governance and International Institutions 173

7 Is There a Future for Multilateral Trade Agreements? 175
Judith Goldstein and Elisabeth van Lieshout

8 Finance That Matters: International Finance Institutions and Trade 201
Steven Beck and Alisa DiCaprio

9 How Banking Regulators and Trade Ministers are Singing from Different Songbooks 221
Diana Smallridge and Jennifer Henderson

10 Trade and Illicit Flows: A Case Involving the United States, China and Mexico 251
Nikos Passas

Part III Global Trade and Regional Development 269

11 Regional Integration: The Next Wave 271
Marion Jansen, Sebastian Klotz, and Jasmeer Virdee

12 United States: What to Expect from a Protective US Trade Policy 308
Erdal Yalcin, Gabriel Felbermayr, and Marina Steininger

13 Trade and Developing-Country Exporters: The Case of Latin American and Caribbean Countries 328
Banu Demir

14 Sailing Against the Storm of Protectionism: The Role of the EU in Shaping Global Trade Policy 351
Lucian Cernat and Omar Alam

15 Trade, Global Value Chains and Inclusive Growth in Asia and the Pacific 379
Yasuyuki Sawada, Cyn-Young Park, Fahad H. Khan, and Cindy Jane Justo

16 Institutional Capacity, Trade and Investment in African Economies 418
Roseline Wanjiru and Karla Simone Prime

Part IV Financing Trade 439

17 Financing Trade: The Role of the WTO and Recent Initiatives 441
Marc Auboin

18 How Trade Finance Works 468
Alexander Malaket

19 Export Credit Arrangements in Capital-Scarce Developing Economies 494
Benedict Okey Oramah

20 Export Credit Insurance Markets and Demand 536
Simone Krummaker

21 Climate Finance, Trade and Innovation Systems 555
Fiona Bannert Index 578

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