Accueil > Globalization and Trade from A Euro Asian Perspective

CDRO 1055A - Globalization and trade from a Euro-Asian perspective

Type d'enseignement : Elective

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

aucun

Course Description

Over the past decade or more discussion was devoted to the importance of the Free Trade Agreement in the liberalization of the multilateral trading system. In an open market economy, developed countries have opted for an investment agreement to attract multinational companies. Investment through Free Trade Agreements (FTAs), Bilateral Investment Treaties (BITs) is considered an important tool for an economic boost in developing countries, resulting in best mode options for economic prosperity. However, in last few years, a new trend has been emerged known as ‘Plurilateral agreement', which has already become rulemaking in specific areas. The scholars have raised concerns and questioned if the Plurilateral approach of trade liberalization is boon or bane to the global trade system. After the World War II, the General Agreement on Tariffs and Trade (GATT) and World Trade Organization (WTO) framework have been a backbone of the global trade system. Does the shift from multilateral to Plurilateral trade system reflect the need of world market? Or it signifies the failure of World Trade Organization? The recent Plurilateral trade agreement, such as Trans-Pacific Partnership (TPP) has received acceptance, as well as severe criticism at globally. Moreover, can these mega agreements such as TPP and ongoing Transatlantic Trade and Investment Partnership(TTIP) between the European Union and the United States seen as a template for global trade negotiation? In last few years, Asian countries have been the active players of BITs and FTAs. Particularly, the ASEAN countries, Japan, China, and India have shown interest in the mega trade agreement. Likewise, the Asian countries are also actively engaged in the liberalization of inter-regional trade in Asia. The growing economy power, China has proposed the idea of the Free Trade Area of Asia-Pacific (FTAAP) for greater regional cooperation in trade. Similarly, the ongoing trade negotiation such as Regional Comprehensive Economic Partnership (RCEP) between ASEAN countries and other Asian countries (including Australia and New Zealand) is viewed an alternative to TPP Agreement. Thus, this shows the changing landscape of trading arrangement in Asia to expand trade relations through the regional trade agreements. This course will examine the history, importance and the basic concepts of the multilateral trading system. Moreover, through examining current ongoing real world trade negotiation as a case study will aware contemporary issues and concerns of such mega trade agreements. The main motive of the course is to make students familiar with the mega-regional trade agreement and show the transition of global trade system from word war to the contemporary trade arrangement and implication of such trading system to developing countries.

Teachers

UPRETI, Pratyush Nath (PhD student)

Pedagogical format

At the end of this course, the students can understand the global issues concerning mega-trade negotiation and develop understanding about multilateral trading system. The course will be divided into 12 two-hour lectures. The reading material will be uploaded before the classs and slides after the class in moodle. The required reading along with other instruction given through email before the lecture should be read before each lecture.

Course validation

To validate the course, the student is expected to pass the following assignments (at least three grades): - Assignment: Take-home assignment + short individual reading assignment (e.g. podcast: summary of trade news, or reading/commenting work of scholars) - Role play: Trade negotiation: The class will be divided in groups who will take role of a country/region and disciss the position of country/region in the context of trade negotiations. In ddition, group will have to submit a brief no more than 2000 words. - Midterm Exam - Attendance/Class Participation Note: The deadline for submission of each assignment will be notified in due course. Late submission will be graded a negayive mark. Late submission may be entertained if student present a reasonable case. In any case, assignment will not be accepted after one week of the deadline. The students must maintain high level of academic honesty while preparing their assignments.

Required reading

The World Trade Organization in 2020, Steve Charnovitz, Journal of International Law & International Relations, Vol 1(1-2) 167-189

Additional required reading

  • Plurilateral Agreemnts : A Viable Alternative to the World Trade Organization?, Michitaka Nakatomi, Asian Development Bank Institute(ADBI) Working Paper Series (2013)
  • Globalization and the Growth in Free Trade Agreements, Shujiro Urata, Asia-Pacific Review, Vol 9, 20-32 (2002)
  • TRIPS and the WTO: An Uneasy Marriage, Arvind Panagariya
  • Participation of NonGovernmental Organizations in the World Trade Organization, Steve Charnovitz, U. Pa. J. Int'l Econ. L