World Scientific Reference on Asia-Pacific Trade Policies

(In 2 Volumes)

https://doi.org/10.1142/11110 | February 2020

Pages: 1544

Edited by:
Kym Anderson (University of Adelaide, Australia & Australian National University, Australia)

World Scientific Reference on Asia-Pacific Trade Policies : Volume 1: Political Economy of Agricultural Protection in East Asia

World Scientific Reference on Asia-Pacific Trade Policies : Volume 2: Agricultural and Manufacturing Protection in Australia

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Protectionism has been placed under the media spotlight, with news headlines generated by populist anti-globalization movements and Donald Trump's term as US President. Such a policy stance is putting at risk unilateral trade reform efforts in the Asia-Pacific region and elsewhere.

This two-volume reference work provides a timely update on how far the region has come in opening markets. It analyzes the motivations or ostensible objectives of policies adopted in the past, the changing extent of the domestic price distortions involved, the economic effects of those policies at home and abroad, the political economy forces at work that brought about those policies and their subsequent reform, their consequences for international trade, economic welfare and poverty alleviation, and prospects for sustainable improvements in current policies. Case studies of major East Asian economies and Australia reveal how government priorities to assist farmers versus manufacturers changed over the past century but especially since the 1980s, and how that has affected trade between natural resource-poor and resource-rich economies.

This set is highly recommended for those who are interested in the economics and politics of trade policies, agricultural economics, economic development, and food and nutrition security in the Asia-Pacific region and beyond.

Contents:

Volume 1: Political Economy of Agricultural Protection in East Asia:
- Introduction and Overview (Kym Anderson)
- The Political Economy of Agricultural Protection: East Asia in International Perspective (Kym Anderson, Yujiro Hayami, and Others)
- Indicators of the Extent of Distortion to Incentives:
  - Measuring Distortions to Agricultural Incentives, Revisited (Kym Anderson, Marianne Kurzweil, Will Martin, Damiano Sandri, and Ernesto Valenzuela)
  - Global Distortions to Agricultural Markets: Indicators of Trade and Welfare Impacts, 1960 to 2007 (Peter J Lloyd, Johanna L Croser, and Kym Anderson)
- Estimates of the Extent of Price Distortions in Asia:
  - Distorted Agricultural Incentives and Economic Development: Asia's Experience (Kym Anderson)
  - From Taxing to Subsidizing Farmers in China Post-1978 (Kym Anderson)
- Market and Welfare Effects of Asia's Chosen Policy Trends:
  - Japanese Rice Policy in the Interwar Period: Some Consequences of Imperial Self Sufficiency (Kym Anderson and Rod Tyers)
  - Liberalizing OECD Agricultural Policies in the Uruguay Round: Effects on Trade and Welfare (Rod Tyers and Kym Anderson)
  - Asia–Pacific Food Markets and Trade in 2005: A Global, Economy-wide Perspective (Kym Anderson, Betina Dimaranan, Tom Hertel, and Will Martin)
  - Doha Merchandise Trade Reform: What Is at Stake for Developing Countries? (Kym Anderson, Will Martin, and Dominique van der Mensbrugghe)
  - Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions (Kym Anderson, John Cockburn, and Will Martin)
- Market and Welfare Effects of Varying Trade Restrictions to Stabilize Food Prices:
  - The Intersection of Trade Policy, Price Volatility, and Food Security (Kym Anderson)
  - Grain Price Spikes and Beggar-Thy-Neighbor Policy Responses: A Global Economywide Analysis (Hans G Jensen and Kym Anderson)
  - Food Price Spikes, Price Insulation, and Poverty (Kym Anderson, Maros Ivanic, and William J Martin)
- Reasons Behind Policy Choices:
  - Lobbying Incentives and the Pattern of Protection in Rich and Poor Countries (Kym Anderson)
  - Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets (Kym Anderson, Gordon Rausser, and Johan Swinnen)
- Future Economic Growth and Trade Reform Prospects:
  - Impacts of Emerging Asia on African and Latin American Trade: Projections to 2030 (Kym Anderson and Anna Strutt)
  - What Is the Appropriate Counterfactual When Estimating Effects of Multilateral Trade Policy Reform? (Kym Anderson, Hans Grinsted Jensen, Signe Nelgen, and Anna Strutt)
  - Food Security Policy Options for China: Lessons from Other Countries (Kym Anderson and Anna Strutt)
Volume 2: Agricultural and Manufacturing Protection in Australia:
- Introduction and Overview (Kym Anderson)
- Australian Protectionism: Extent, Causes and Effects (Kym Anderson and Ross Garnaut)
- Arguments for and Against Protecting Manufacturers from Import Competition:
  - Some Economic Effects of the Australian Tariff (Lyndhurst F Giblin)
  - Import Restrictions and Tariffs: A New Look at Australian Policy (W Max Corden)
- Arguments for and Against Tariff Compensation for Farmers:
  - Welfare Economics, the Theory of the Second Best, and Australian Agricultural Policy (Fred H Gruen)
  - Tariff Compensation: Sufficient Justification for Assistance to Australian Agriculture? (Stuart F Harris)
  - The Case Against Tariff Compensation (Peter G Warr)
  - The Case Against Tariff Compensation: A Comment (Stuart F Harris)
  - Rehearing the Case Against Tariff Compensation: Reply (Peter G Warr)
- The Extent of Australian Protectionism:
  - Effective Rates of Assistance to Australian Industries Since 1970 (Australia's Productivity Commission)
  - Distortions to Agricultural Incentives in Australia since World War II (Kym Anderson, Peter J Lloyd, and Donald MacLaren)
  - Relative Assistance to Australian Agriculture and Manufacturing since Federation (Peter J Lloyd and Donald MacLaren)
  - The First 100 Years of Tariffs in Australia: The Colonies (Peter J Lloyd)
- Economic Effects of Australian Protectionism and Its Reform:
  - The Contribution of Applied General Equilibrium Analysis to Policy Reform in Australia (Alan A Powell and Richard H Snape)
  - Trade Policy in Australia and the Development of Computable General Equilibrium Modeling (Peter B Dixon)
  - Johansen's Legacy to CGE Modelling: Originator and Guiding Light for 50 Years (Peter B Dixon and Maureen T Rimmer)
  - Gaining from Trade Liberalization: Reflections on Australia's Experience (Gary Banks and Tom Nankivell)
  - On the Need for More Economic Assessment of Quarantine Policies (Sallie James and Kym Anderson)
  - Sectoral Trends and Shocks in Australia's Economic Growth (Kym Anderson)
- Political Economy of Australia's Trade-Related Policies and Their Reform:
  - The Political Market for Government Assistance to Australian Manufacturing Industries (Kym Anderson)
  - On Why Rates of Assistance Differ between Australia's Rural Industries (Kym Anderson)
  - Rationalising Rustic Regulation (E Sieper)
  - Trade Liberalization and the Washington Consensus in Australia (Ross Garnaut)
  - Protection and Liberalization in Australia and Abroad (W Max Corden)
  - Evidence-Based Policy Making: What Is It? How Do We Get It? (Gary Banks)

Readership: Students, researchers, policymakers and professionals who are interested in the economics and politics of trade policies, agricultural economics, economic development, and food and nutrition security in the Asia-Pacific region.

Kym Anderson is a Professor of Economics at the University of Adelaide and at the Australian National University's Crawford School of Public Policy. He is also founding Executive Director of Adelaide's Wine Economics Research Centre and was founder and Executive Director of Adelaide's Centre for International Economic Studies. He worked as a Ford Foundation Visiting Fellow in Seoul, South Korea in 1980–81, as a Visiting Fellow at the University of Stockholm's Institute for International Economic Studies while on sabbatical in 1988, at the GATT (now WTO) Secretariat in Geneva during 1990–92 and at the World Bank during 2004–07. Since post-graduate studies at the University of Chicago and Stanford University, he has published around 400 articles and 40 books. During 2010–17, he was on the Board of Trustees of the International Food Policy Research Institute (Washington, D.C.), chairing it from 2015. He has also served the Australian Centre for International Agricultural Research, as a Commissioner in 2011–14 and as President of its Policy Advisory Council since 2014. He is a recipient of an Honorary Doctor of Economics degree from the University of Adelaide and a Distinguished Alumni Award from the University of New England. In 2015, he became a Companion of the Order of Australia (AC).