International Economics & Global Development

MSc in Maritime Economics and Logistics

Rotterdam School of Economics/ Rotterdam School of Management

Erasmus University Rotterdam

2003

Lecturers: Teun Schmidt, Hans de Kruijk and Joe Francois

Contents Reader[1]
  1. World trade, investment and transport costs: a bird’s eye view ………….……………. 1
  • Schmidt, J.A. (2000), "Globalization and Multinational Enterprise", Trouw and
    EUR, mimeo ..…………………………………………………………………...…...….. 2
  • Irwin, D.A. (2002), “Long-run trends in world trade and income”,
    World Trade Review, vol. 1, nr. 1, pp. 89-1 ……………………………………………. 3
  • Baier, S.L. and J.H. Bergstrand (2001), "The growth of world trade: tariffs,
    transport costs, and income similarity", Journal of International Economics
    53 (2001), pp. 1-27 ………………...……………………………………………..……. 10
  • The gravity-fabric of world trade and investment, 1990 …...…………………………. 24
  1. Fragmentation of international production, MNE, and trade costs …….…....………. 25
  • Feenstra, R.C. (1998), "Integration of Trade and Disintegration of Production
    in the Global Economy", Journal of Economic Perspectives, Vol.12, No. 4 …...... …. 26
  • International Factor Movements: the efficiency and welfare effects of
    cross-border labour and capital movements …….………….……………….……..….. 36
  • "Integrating the theories of FDI and trade", from World Investment Report 1996 ...…. 44
  • Hummels, D., J. Ishii and K.-M. Yi (1999), “The nature and growth of vertical
    specialization in world trade”, working paper ………………………………….……... 48
  • Deardorff, A.V. (2000), “International provision of trade services, trade, and
    fragmentation”, World Bank working paper ……………………………………….…. 68
  1. The performance of rich and poor countries today and in the past .………...... ……. 86
  • UNDP, Human Development Report 2002:

Table 1: Human Development Index, pp. 149-152 ………………...... …..... 87

Table 2: Human Development Index Trends, pp. 153-156

Technical Note: Calculating the Human Development Index, page 253 ….…...... 91

  • UNDP, Human Development Report 1991, The Human Freedom Index , page 20 …... 92
  • UNDP, Human Development Report 1997, Overview ....…………...... …...……...... 93
  1. Global poverty and inequality …...... ……...... …....…………... 104
  • Francois Bourguignon and Christian Morrisson (2002), “Inequality among
    World Citizens: 1820 – 1992”, The American Economic Review, Vol. 92, No.4,
    September 2002, pp. 727-744 ………………………………………………….…...... 105
  • Hakan Nordstrom, Trade, Income Disparity and Poverty: An Overview,
    World Trade Organization, Special Studies 1999 ……...….……………………..….. 124
  • “Roots of development”, The Economist, 3 October 2002 ………………………….. 134
  • “Some win, some lose”, The Economist, 5 December 2001 …………………….….. 136
  • Wade, R., “Global Inequality: winners and losers”, The Economist, 28 April 2000 ... 140
  • “Of Rich and Poor”, The Economist, 28 April 2001 ….……………………….…..… 143
  • “Convergence, period”, The Economist, 18 July 2002 ………………………….…… 144
  • Birdsall, N., “That Silly Inequality Debate”, Foreign Policy, May 2002 ……….…... 145
  1. Globalisation, technology, wages and jobs –stylised facts and analysis …….....……... 146
  • Irwin, D.A. (2002), “The employment rationale for trade protection”,
    Ch. 3 in: Irwin, D.A., Free Trade Under Fire, Princeton University Press, 2002 .….. 147
  • Deardorff, A.V. (1998), “Technology, trade, and increasing inequality: does the
    cause matter for the cure?”, Michigan working paper ……….…...………………….. 168
  1. Global integration of product and services markets: transport costs and
    the law-of-one-price ……..…………………………………………………………...…. 188
  • Goldberg, P.K., and M.M. Knetter (1997), "Goods prices and exchange rates:
    what have we learned?", Journal of Economic Literature, September (selections) .… 189
  • Parsley, D.C. and Shang-Jin Wei (2002), “Currency arrangements and goods
    markets integration: a price based approach”, The Brookings Institution …………… 204
  • “Trade in services: using openness to grow”, Ch. 3 in:
    Global Economic Prospects 2002, World Bank, pp. 69-94 ………………………….. 205
  • “Transport services: reducing barriers to trade”, Ch. 4 in:
    Global Economic Prospects 2002, World Bank, pp. 97-127 …………………….…... 218
  • Clark, X., D. Dollar and A. Micco (2001), “Maritime transport costs and
    port efficiency”, World Bank working paper …………………………………….…... 234
  • Fink, C., A. Mattoo and I.C. Neagu (2000), “Trade in international maritime
    services: how much does policy matter?”, World Bank, DECRG working paper …… 253
  1. Infrastructure and development ....……..……………………………...... …. 271
  • David Banister and Joseph Berechman (2000), Chapter 3: “Transport Infrastructure
    Investment”, from “Transport Investment and Economic Development”,
    UCL Press, London, 2000 …………………………………………………………… 272
  • Pranab Bardhan (1997), “Corruption and Development: A Review of Issues”,
    Journal of Economic Literature, Vol. 35, pp. 1320-1346 …………………………… 284
  • Transparency International Corruption Perceptions Index 2002 ……………………. 311
  • A List of Pro-poor Policies, handout HdK …………………………………...……… 319
  • World Bank, The Comprehensive Development Framework ……………….………. 320
  1. //////////////////////// MIDTERM PRESENTATIONS \\\\\\\\\\\\\\\\\\\\\\\\
  1. Global environment and climate change ..…...... …...... …...... 321
  • UNEP and UNFCCC, Climate Change Information Kit,
    Information Sheets 1-2, 21-30, October 2001 ……………………………..……….... 322
  1. The international commercial system, trade policy and the WTO in
    the XXIst century……...... ………...... …………………….…………………….... 347
  • Deardorff, A.V., and R.M. Stern (2001), "What you should know about
    globalisation and the WTO", Michigan working paper .…………….……….………. 348
  • Francois, J., and W. Martin (2002), “Binding tariffs: why do it?”, Ch. 54 in:
    Development, Trade, and the WTO – A Handbook, World Bank, pp. 540-547 ……… 366
  • Hoekman, B. and M. Schiff (2002), "Benefiting from regional integration",
    Ch. 55 in: Development, Trade, and the WTO – A Handbook, World Bank,
    pp. 548-558 ..………………...……………………………………………………….. 370
  • Ng, F. (2002), “Trade indicators and indices”, Appendix B in: Development,
    Trade, and the WTO – A Handbook, World Bank, pp. 585-588 ……………………... 376
  1. Shifting international competitiveness: patterns of trade, investment and
    growth - the example of South East Asia ……..…………………….…………………. 378
  • Kwan, C.H. (2002), “The rise of China and Asia’s Flying Geese pattern of economic development”, Nomura Research Institute Papers, August 2002 …………………… 379
  • ADO 2001: Box 3.1 Sources of per capita income and its growth ……………….….. 390
  • Country competitive advantage - the Porter approach .………………………….…… 391
  1. Globalisation's impact on government and ‘country’ competitiveness …...…………. 392
  • Dunning, J.H., ed. (1997). Governments, Globalization, and International Business,
    Oxford University Press; “Intoduction”, and Ch. 3 “A business analytic approach
    to governments and globalization” ………………...………………………………… 393
  • Rodrik, D. (1997), Has globalization gone too far?, Institute for International
    Economics, Wash., DC; Ch. 4 "Trade and the demand for social insurance" .….…… 406
  • How the global economy works: a summary perspective …..………….…... 416
  1. Financial integration and the international monetary system;
    European integration in a nutshell – building a pan-European house? ……………... 417
  • Herring, R.J., and R.E. Litan (1995), Financial regulation in the global economy,
    Brookings; Ch. 2 “International financial integration: the continuing proces” ……… 418
  • Herring, R.J., and R.E. Litan (2002), “The future of securities markets”,
    Brookings Conference Report ……………………………………………………….. 439
  • Mundell, R. (2000), “A reconsideration of the twentieth century”, Nobel Lecture ….. 446
  • Mundell, R. (2001), “Poverty, growth, and the international monetary system”,
    Asian Development Bank …………………………………………………………….. 454
  • Post-war European integration in a nutshell: learning economic integration,
    1947-58; build-up of the acquis, 1952-1993; legal instruments and regulatory
    strategy; evolution of EU, EFTA and EEA ..…………………………………………. 465
  • Fisher, Joska (12 May 2000), "From Confederacy to Federation – Thoughts on
    the finality of European Integration", German Ministry of Foreign Affairs …..……... 481
  • Schmidt, J.A. (2001), "Transition in CEE – the international dimension", EUR,
    mimeo, to be distributed separately
  1. /////////////////// PRESENTATIONS OF FINAL PAPERS \\\\\\\\\\\\\\\\\\\
  1. /////////////////// PRESENTATIONS OF FINAL PAPERS \\\\\\\\\\\\\\\\\\\

[1] The numbers follow the weekly sessions for this course