This book deals with commodity price stabilization. It explores the contemporary changes in global trade agreements and their relationship to the ongoing changes in international and regional trade structures and economic integration. It takes a wholistic, interdisciplinary approach, including economic, legal and political aspects; examines the EC and NAFTA as important trade blocs, and their impact on global economies. Investigates the Chinese approach to trade management, the oil price stabilization policies, and seabed minerals; discusses discrimination in international trade.
The interdisciplinary nature of the book is given prominence through the layout of the various parts. Part I examines the legal issues of commodity trade, investigating the debate over whether international trade agreements create hard law or soft law. Part II discusses the political economy of contemporary global trade issues, including the rise of intraindustry trade and discrimination in international trade. Part III addresses the recent trend towards regionalism and trade blocs, focusing on the EC and NAFTA, and their economic implications. Finally, Part IV presents the issues of commodity trade stabilization for minerals and oil, including both land-based and seabed commodities.
Preface Legal Issues Legal Aspects of International Commodity Agreements by Ronald A. Brand, Todd S. Shenkin, and Edward J. Meehan Global Trade Issues Globalism vs. Regionalism by Osman Suliman and Mahdi El-Baghdadi Intraindustry Trade in the Pacific Rim: Trends and Policy Implications by Burhan Fatih Yavas and Demos Vardiabasis Discrimination in International Trade: Against Developing Countries? by Mahdi El-Baghdadi and Osman Suliman An Empirical Analysis of Global Commodity Price Fluctuations with Special Reference to Developing Countries by Masudul Alam Choudhury Regional Blocs The Potential Structure of NAFTA by James Barney Marsh Effects of Economic Integration on Real Prices and Wages: The EC Experience by George K. Zestos The Management of Commerce in the People's Republic of China by Shuming Zhao Africa: A Potential Trade Bloc and Currency Zone? by Osman Suliman Commodity Trade Stabilization The Establishment of a Regulatory Regime to Manage Mineral Resources on the Basis of Efficiency and Equity by Mahdi El-Baghdadi Commodity Prices, Inflation and Monetary Policy: The Case of the Arab Gulf Countries by Abdel-Hameed M. Bashir, Ali F. Darrat, and A. Mouneer Najjar Selected Bibliography
OSMAN SULIMAN is Associate Professor and Chair with the Economics Department of Millersville University in Pennsylvania. He has taught at Eastern Illinois and Grambling State Universities, and has published many articles in refereed journals. His previous books include a study guide and an instructor's manual, both for use with Peter Lindert's International Economics (1991). MAHDI EL-BAGHDADI is Assistant Professor of Public Administration at Grambling State University, Grambling, Louisiana. He has taught at the University of Pittsburgh, Louisiana Tech University, and Central Michigan. He has been involved in international commodity negotiations, and spent several years as a foreign service officer.
