Fundamental changes are taking place in the global trade landscape, and the Commonwealth, with its diverse membership, is adapting to and coming to terms with these changes. Offering insightful perspectives on topical issues that can contribute to promoting the role of trade in development, Commonwealth Trade Review 2015 addresses these issues.
The theme of Commonwealth Trade Review 2018 is ‘Strengthening the Commonwealth Advantage: Trade, Technology, Governance’. It presents new empirical findings, rich insights and practical recommendations on how to boost the ‘Commonwealth advantage’ in trade and investment.
Fundamental changes are taking place in the global trade landscape, and the Commonwealth, with its diverse membership, is adapting to and coming to terms with these changes. This shifting landscape offers tremendous potential for Commonwealth countries to expand their trade – both between members and their overall trade. Although it is not a trading bloc, member countries can also take advantage of and leverage the Commonwealth for greater gains, while focusing on several broader priorities to improve their trade performance. Commonwealth countries offer insightful perspectives on topical issues that can contribute to promoting the role of trade in development. This Commonwealth Trade Review addresses these issues in four parts: Part 1 – The Commonwealth in a changing global trade landscape Part 2 – Intra-Commonwealth trade: emerging dynamics and opportunities Part 3 – Unleashing the trade potential: priorities for the Commonwealth Part 4 – Perspectives on topical issues in trade
Small States: Economic Review and Basic Statistics is a flagship publication of the Commonwealth Secretariat highlighting the development indicators of small states and disseminating knowledge on their economic performance. This milestone 20th volume looks back at the progress of small states over the past 25 years. It also takes stock of the Commonwealth Secretariat’s contribution to the international discourse on small states and the development of the states themselves.
Emerging Trade Issues for Small Developing Countries seeks to help Commonwealth developing countries adapt to emerging trade issues such as climate change, e-commerce, implementation of the SDGs, and the role of Micro, Small and Medium-sized enterprises and GVCs . It addresses systemic issues that impact on the participation in the multilateral trading system and WTO negotiations.
The book provides fresh look at the issues of sustainable development, degradation of natural resources and vulnerability to climate change in Small Island developing states (SIDS). It documents the deteriorating state of SIDS and adaptation efforts made to address the impending crisis of unsustainable economic growth with international, national and community support. Authors have discussed issues like macroeconomic trends, vulnerability, resilience capability, and SIDS-specific strategies focusing on sectors like trade and tourism. Discussion continues with the examination of democracy, social capital, quality of life, and health concerns. Climate change and natural resource challenges are analyzed using case studies. The book also discusses diplomatic complexities of international climate agreements, collective action and institutional quality constitute the analysis of global environment and sustainable development.
International trade has, for decades, been central to economic growth and improved standards of living for nations and regions worldwide. For most of the advanced countries, trade has raised standards of living, while for most emerging economies, growth did not begin until their integration into the global economy. The economic explanation is simple: international trade facilitates specialization, increased efficiency and improved productivity to an extent impossible in closed economies. However, recent years have seen a significant slowdown in global trade, and the global system has increasingly come under attack from politicians on the right and on the left. The benefits of open markets, the continuation of international co-operation, and the usefulness of multilateral institutions such as the World Trade Organization (WTO), the International Monetary Fund and the World Bank have all been called into question. While globalization has had a broadly positive effect on overall global welfare, it has also been perceived by the public as damaging communities and social classes in the industrialized world, spawning, for example, Brexit and the US exit from the Trans-Pacific Partnership. The purpose of this volume is to examine international and regional preferential trade agreements (PTAs), which offer like-minded countries a possible means to continue receiving the benefits of economic liberalization and expanded trade. What are the strengths and weaknesses of such agreements, and how can they sustain growth and prosperity for their members in an ever-challenging global economic environment? The Handbook is divided into two parts. The first, Global Themes, offers analysis of issues including the WTO, trade agreements and economic development, intellectual property rights, security and environmental issues, and PTAs and developing countries. The second part examines regional and country-specific agreements and issues, including NAFTA, CARICOM, CETA, the Pacific Alliance, the European Union, EFTA, ECOWAS, SADC, TTIP, RCEP and the TPP (now the CPTPP), as well as the policies of countries such as Japan and Australia.
Future Fragmentation Processes provides a careful examination of global value chains (GVCs) within which Commonwealth members countries specialise at the sectoral level: manufacturing, services and commodity trade, including within the realm of the oceans economy, and reflects on future fragmentation processes.
The decision of the UK to ‘Leave’ the European Union (EU) was unexpected, and as a consequence the precise details of what would come next were left very unclear, and still today there is little certainty or agreement over what ‘Brexit’ will actually mean. It is within this context that this edited volume has been produced. The Commonwealth featured quite heavily in the referendum campaign, particularly on the ‘Leave’ side; claiming that a vote for Brexit would allow the UK to re-new and extend links with the countries of the Commonwealth. However, critics highlighted the potential limitations of a new bilateral link, and that in many instances the UK’s role is strengthened by its membership of the EU. The tension between aspiration and likely reality is a key theme of the volume. Another, is how the decision of the UK may have consequences across the Commonwealth in terms of both domestic policy and regional cooperation. In short, the volume shines a detailed light on the historical and contemporary nature of relations between the UK and the Commonwealth. Linked to this, and possibly of greatest utility, is the consideration of how policy should be formulated to best strengthen the relationship in the future. This book originally appeared as a special issue of The Round Table.
