"Alan Deardorff is a distinguished scholar who made major contributions to economics, and especially to research on foreign trade. This volume reproduces some of his most important papers and an evaluation of his work by leaders of the field. It is a very impressive volume which I highly recommend."
-- Elhanan Helpman, Harvard University
"Alan Deardorff has been one of the outstanding and most influential international trade economists over the last forty years. Here is a feast of papers and comments on his work by the world's leading writers in the field, as well as many of Deardorff's own papers. It is particularly valuable to have the latter papers reprinted."
-- Max Corden, Johns Hopkins University
Alan Deardorff received his PhD in economics from Cornell. He is the John W. Sweetland Professor of International Economics and Professor of Economics and Public Policy at the University of Michigan. He has published numerous articles on international trade theory and policy, including patterns and effects of trade. With Robert Stern, he developed the computer-based Michigan Model of production, trade, and employment in 34 major countries, used for analysis of multilateral and regional trade liberalization, among other purposes. Deardorff, Stern, and Drusilla Brown (Tufts) have also written on those topics and on the interaction of labor standards and international trade policy.
Robert Stern received his PhD in economics from Columbia. He is Professor of Economics and Public Policy (Emeritus) at the Gerald R Ford School of Public Policy, University of Michigan and Visiting Professor at the Goldman School of Public Policy, UC-Berkeley. He has collaborated with Alan Deardorff since the early 1970s and with Drusilla Brown (Tufts University) since the mid-1980s in developing the Michigan Model of World Production and Trade. This is a computer-based model that has been used to study a variety of important policy issues such as the effects of the GATT/WTO multilateral trade negotiations, changes in the structure of protection, trade and employment, and the effects of preferential trading arrangements.
This book contains contributions by most of the world's important international trade specialists, who reflect on Professor Deardorff's accomplishments supplemented by their own views on the topics being addressed.
"Anne Krueger has had an exceptionally distinguished career as both an academic economist and high-ranking policy official at the World Bank and International Monetary Fund. This wide-ranging collection of essays and speeches is full of wisdom and insight. Anyone interested in understanding the forces shaping the world economy will profit from reading this engaging and important book." -- Prof. Douglas Irwin, Dartmouth College
"These essays recount and celebrate the unprecedented growth of the world economy in the last half century, and the role of freer trade and other liberalizing reforms in bringing it about. They go on to explore the pitfalls and frustrations that had to be surmounted to achieve this success, and the present and future challenges confronting national and international policymakers. Throughout these pages, readers will gain from the accumulated experience, wisdom, judgment and observational acuity of one of the world's premier policy economists." -- Prof. Arnold C Harberger, University of California at Los Angeles
Globalization, by which is meant the increasing economic interdependence among nations, has been a critical ingredient in enabling enormous improvement in mankind's condition. While progress has not always been smooth, and has not come without dislocation for some, the economic policy challenge has been, and is, to enable the realization of the large potential benefits of globalization while simultaneously reducing the negative side effects and providing safety nets for those whose lives are disrupted in the process.
This volume focuses on the successes of globalization, and some of the main economic policy challenges and solutions that arise to enhance the benefits and lower the costs. It covers different aspects of globalization, sovereign debt restructuring, development of the financial sector and financial crises in Asia, Turkey, Brazil, etc. The final part of the book covers multilateral international organizations, namely the World Trade Organization, the IMF and the World Bank.
About the Author:
Anne Krueger is Professor of International Economics at the School for Advanced International Studies, Johns Hopkins University. She is also a Senior Fellow of Center for International Development (of which she was the founding Director) and the Herald L and Caroline Ritch Emeritus Professor of Sciences and Humanities in the Economics Department at Stanford University.
Anne Krueger was First Deputy Managing Director of the International Monetary Fund from 2001 to 2006. Prior to that, she had taught at Stanford and Duke Universities. From 1982 to 1986, she was Vice President, Economics and Research at the World Bank. She had earlier been Professor of Economics at the University of Minnesota. More...
NEW & BESTSELLING TITLES
Terms of Trade Glossary of International Economics
by Alan V Deardorff(University of Michigan, USA)
Series Editor: Robert M Stern (Professor Emeritus of Economics and Public Policy, University of Michigan, USA)
Editorial Board:
Vinod K Aggarwal (University of California-Berkeley, USA) Alan Deardorff (University of Michigan, USA) Paul DeGrauwe (Katholieke Universiteit Leuven, Belgium) Barry Eichengreen (University of California-Berkeley, USA) Mitsuhiro Fukao (Keio University, Tokyo, Japan) Robert L Howse (University of Michigan, USA) Keith E Maskus (University of Colorado, USA) Arvind Panagariya (Columbia University, USA)
World Scientific Studies in International Economics includes works dealing with the theory, empirical analysis, and evaluation of international economic policies and institutions, with topics covering international macroeconomics and finance, international trade theory and policy, as well as international legal and political economy. Monographs and edited volumes will comprise the core of the publications. To submit a book proposal, please contact the Series Editor at: rmstern@umich.edu.
Selected Volumes:
Vol. 15 edited by Simon J Evenett & Robert M Stern
Vol. 14 edited by Asli Demirgüç-Kunt, Douglas D Evanoff & George G Kaufman
Vol. 13 edited by Christopher Findlay, Mari Pangestu & David Parsons
Vol. 12 edited by Robert M Stern, Gavin Wright & Hugh Patrick
STRUGGLING WITH SUCCESS
