Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Illegal Transactions in International Trade: Theory and Measurement
    Illegal Transactions in International Trade: Theory and Measurement
    Illegal Transactions in International Trade: Theory and Measurement
    Ebook171 pages4 hours

    Illegal Transactions in International Trade: Theory and Measurement

    By Jagdish N. Bhagwati

    ()

    Read preview

    About this ebook

    Studies in International Economics, Volume 1: Illegal Transactions in International Trade: Theory and Measurement embraces the theoretical, empirical, and econometric aspects of international economic analysis. The selection first elaborates on a theoretical analysis of smuggling, an alternative proof of the Bhagwati-Hansen results on smuggling and welfare, and smuggling and trade policy. Discussions focus on optimal tariff and revenue questions, legal trade eliminated by smuggling, legal trade co-existing with smuggling, overinvoicing and underinvoicing of transactions, and smuggling and welfare. The text then examines overinvoicing, underutilization, and distorted industrial growth, fiscal policies, faking of foreign trade declarations, and the balance of payments, and accuracy of economic observations. Topics include statistics of foreign commodity trade, trade tariffs and subsidies, effect on capital complexity, industrial employment and output growth, implications for industrial development, effective exchange rate for capital imports, and foreign-exchange profits of overinvoicing. The manuscript ponders on tariffs and smuggling in Indonesia and the problems of assessing unrecorded trade, including complications in comparing partners' trade accounts, measuring recorded values of all products, market impact of smuggling, and methods for detecting smuggling. The selection is a valuable source of data for researchers interested in international trade.
    LanguageEnglish
    PublisherElsevier Science
    Release dateMay 12, 2014
    ISBN9781483274805
    Illegal Transactions in International Trade: Theory and Measurement

    Read more from Jagdish N. Bhagwati

    Related to Illegal Transactions in International Trade

    Related ebooks

    International Relations For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Apec’s New Goal

      Dec 3, 2020

      The author is director of research, China National Committee for Pacific Economic Cooperation The 27th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting held on November 20 via video link was significant for several reasons. This yea

      4 min read

    • Article

      A Grim Warning

      Nov 20, 2021

      A Grim Warning
      5 min read

    • Article

      Negotiating Your Contract

      Apr 10, 2019

      FOR many writers, an agent agreement or publishing contract can be an elusive thing. As with four-leaf clovers, having one in your hand can feel like a matter of luck as much as hard work and perseverance. Because of the dismaying odds and long years

      6 min read

    • Article

      The African Continental Free Trade Area Agreement Has Arrived … What Now?

      Jan 29, 2021

      On 1 January 2021, Africa transitioned its trade into a single market under the African Continental Free Trade Area agreement (AfCFTA), with the anticipation that it would bring enormous trade and economic welfare benefits to the continent’s citizenr

      2 min read

    • Article

      HOW TO MAKE FTAs WORK

      Jun 11, 2020

      On March 6, Commerce and Industry Minister Piyush Goyal made a candid admission on the floor of Parliament. He told the Rajya Sabha that India’s Free Trade Agreement (FTA) with the 10-country ASEAN (Association of South East Asian Nations), its bigge

      6 min read

    • Article

      References

      Sep 29, 2019

      1 Evidence given to House of Representatives Select Committee on the Print Media (1992) Inquiry into the Australian Print Media, 25 March.2 Friedman M (1970) ‘The social responsibility of business is to increase its profits’, The New York Times Magaz

      3 min read

    • Article

      A Significant Signal

      Nov 19, 2020

      The author is an associate research fellow at the Chongyang Institute for Financial Studies, Renmin University of China, and a researcher at the Charhar Institute The Third China International Import Expo (CIIE) in Shanghai opened against a backdrop

      2 min read

    • Article

      New Growth Pattern Mulled for High-Quality Development

      Aug 20, 2020

      The Chinese Government will accelerate the establishment of a “dual circulation” development pattern that takes the domestic market as the mainstay, with domestic and foreign markets boosting each other. Since May this year, the top leadership of the

      2 min read

    • Article

      Fighting for Prosperity Amid Uncertainties

      Aug 13, 2020

      In coping with the disruptions from the novel coronavirus disease (COVID-19) epidemic and global economic slowdown, China’s leadership has emphasized the need to steer the world’s second-largest economy. It has called for quicker establishment of a n

      3 min read

    • Article

      Promise And Practice

      Dec 23, 2021

      Promise And Practice
      4 min read

    • Article

      Sowing And Reaping

      Apr 6, 2023

      Sowing And Reaping
      5 min read

    • Article

      Time to Talk

      Mar 23, 2023

      ‘The China Development Forum [in Beijing] and the Boao Forum for Asia (BFA) Annual Conference [in Hainan Province] will soon get underway, as will the Summer Davos, or the World Economic Forum’s global meeting on innovation, science and technology, i

      5 min read

    • Article

      Economic Growth On Track for 2024

      Dec 21, 2023

      At the annual Central Economic Work Conference in Beijing on December 11-12, Chinese leaders outlined steps the government will take to steer the country’s economy toward greater efficiency and higher quality in 2024. In addition to emphasizing the o

      2 min read

    • Article

      Voices Of Influence

      Apr 4, 2024

      Voices Of Influence
      6 min read

    • Article

      Know Thy Neighbor

      Dec 10, 2020

      Know Thy Neighbor
      4 min read

    • Article

      Economy

      Mar 28, 2024

      Economy
      4 min read

    • Article

      Proactive Opening Up

      May 21, 2020

      The People’s Bank of China (PBC), China’s central bank, and the State Administration of Foreign Exchange (SAFE) issued new rules on May 7 to scrap quotas on the dollar-denominated qualified foreign institutional investor (QFII) scheme and its yuan-de

      4 min read

    • Article

      Softening the Landing

      Nov 17, 2022

      The debate regarding China’s economic outlook over the years to come is always relevant. It recently returned to the spotlight following broad stock market selloffs in October and the intensified fluctuation of the renminbi exchange rate over the pas

      6 min read

    • Article

      The Shenzhen Miracle

      Dec 10, 2020

      Shenzhen has long been a staple in any discussion on China’s reform and opening up. Shenzhen speed, Shenzhen experience, Shenzhen model… Several Shenzhen-related catchwords have been attracting attention from home and abroad over the past four decad

      4 min read

    • Article

      Port of Call

      Mar 9, 2023

      Despite Ilaf Elard, an associate professor of practice in economics at New York University Shanghai, China’s first Sino-American research university, having sifted through extensive coverage of China’s modernization efforts over the past four decades

      4 min read

    • Article

      A New Crossroads

      Aug 12, 2021

      ‘Assuming that major players in the global semiconductor industry all have established a fully self-sufficient local supply chain, it will push up the overall prices of their products by 35 to 65 percent. And that will ultimately lead to higher sales

      3 min read

    • Article

      Impetus For Circulation

      Apr 28, 2022

      Impetus For Circulation
      5 min read

    • Article

      The Vote Against Development

      Jan 12, 2023

      Western countries, joined by the Republic of Korea and Japan, voted against economic development and poverty reduction resolutions considered by the UN General Assembly in December 2022. The stance of these countries and their partners reflects the p

      4 min read

    • Article

      Bolstering Confidence

      Feb 29, 2024

      According to data released by the Cabinet Office of the Japanese Government on February 15, the country’s GDP shrank at an annualized pace of 0.4 percent in the last three months of 2023 after having contracted by an annualized 3.3 percent, causing i

      4 min read

    • Article

      Sharing a Common Future

      May 25, 2023

      Many say that when China grows, the world grows. Even during COVID-19, China had very significant growth. Remember that in the first year of the pandemic, it was the only major economy that had growth and, furthermore, in that difficult moment it dis

      2 min read

    • Article

      Chinese Proposal, Global Echoes

      Dec 2, 2021

      The development philosophy of the Belt and Road Initiative (BRI), one of President Xi Jinping’s signature projects, has reverberated across the international community following its splendid achievements benefiting people across its participating cou

      2 min read

    Related categories

    Reviews for Illegal Transactions in International Trade

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Illegal Transactions in International Trade - Jagdish N. Bhagwati

      Enjoying the preview?
      Page 1 of 1