Journals Higher Education



Published: 29 October 2009

768 Pages | 40 Figures, 43 Tables


ISBN: 9780199553778

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The Political Economy of the World Trading System

Third Edition

Bernard M. Hoekman and Michel M. Kostecki

  • New edition building on the strengths of a bestselling graduate text
  • New edition includes extensive updated material and details developments in the trading system between 2000 and early 2008
  • Interdisciplinary approach that provides an analytical account of basic mechanics of the world trading system integrating economic, institutional and political issues.
  • Offers an insiders' view of the trading system with emphasis on real-life problems and analytical tools that advance the readers' understanding.

New to this Edition:

  • Covers developments in the trading system between 2000 and early 2008, including a detailed discussion of the Doha Round
  • Adds and updates material on dispute settlement, the use of contingent protection, the expansion of trade in services, the increasing role of developing countries and the accession of China
  • Discusses the implications of the rapid expansion of preferential trade agreements
  • Looks at recent efforts to work with other organizations to increase development assistance for trade projects in developing countries ("aid for trade")

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