Category Archives: Globalisation & Trade

Doha Dealing: Trade Talks, Not Tax Cuts, Will Decide Our Economic Future

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Listener: 16 July, 2005.

Keywords: Globalisation & Trade;

Unless major decisions are made this month, the Doha Round of international trade negotiations may be in trouble, and the New Zealand economy along with it. Although negotiations are occurring largely beneath the radar of most media, a good outcome is vital to New Zealand. Our economy has been doing well in recent years. The most important reason – other than we have not been doing anything too stupid – is the higher prices for our farm exports, a consequence of the Uruguay Round trade negotiations of the 1990s, which reduced some of the rich world’s subsidies on farm products, lifting world export prices, giving a boost to our farm and farm-processing incomes, and to the overall economy.

Non & Nee for the European Constitution

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But it’s still Ja for the European Project.

Listener: 2 July, 2005.

Keywords: Globalisation & Trade; Political Economy & History;

When New Zealand voted on MMP in 1993, many people said they voted “yes” because the Business Roundtable told them “no”. Whatever their logic, the example illustrates that voters do not necessarily vote on the precise referendum question before them.

The Economics Of Globalisation: an Introduction

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Paper for the 2005 Conference of the New Zealand Association of Economists, June 29-July 1: Christchurch.

Keywords: Globalisation & Trade; Growth & Innovation;

Introduction

The Royal Society of New Zealand has awarded me a grant from the Marsden Fund to study globalisation. The study is a continuation of my earlier research program, especially that which is summarised in my book In Stormy Seas with its central message that the fate of New Zealand will be largely a consequence of what happens overseas, together with our ability to seize the opportunities and manage the problems those events create.

Globalisation and the Public Health

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For Annual Conference of the Royal Australasian College of Physicians, 10 May 2005.

Keywords: Globalisation & Trade; Health;

Introduction

The Royal Society of New Zealand has awarded me a grant from the Marsden Fund to study globalisation. The ultimate output will be a book. Today I want to set out the economists’ framework for thinking about globalisation, and to use it to consider the problem of alcohol control and the interaction between countries.

Globalisation and Little Old Nelson

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“Spirited Conversations”, Nelson, April 27.

Keywords: Globalisation & Trade;

Introduction

The Royal Society of New Zealand has awarded me a grant from the Marsden Fund to study globalisation. What I am going to do this evening is set down the framework economists use when we study that globalisation.

Marsden Project Pvt 301: New Zealand in a Globalising World (march 2005 Report)

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The Royal Society of New Zealand which made a grant to pursue this work, requires an annual report of work in progress. It was submitted in March 2005. This is an edited version.

Keywords: Globalisation & Trade;

Summary

The Marsden Fund of the Royal Society of New Zealand made a grant to fund three years research (at 60 percent of the time) to research and write a book on the topic of globalisation as it affects New Zealand. The grant began in November 2003. This report is written towards the end of March 2005.

The Globalisation Of Time

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Paper for the Symposium “Institutions and Economic Development”, University of Otago, 18-19 March (Also draft of chapter for “Distance Looks Our Way”.)

Keywords: Globalisation & Trade; Political Economy & History;

Introduction

The Royal Society of New Zealand has awarded me a Marsden Grant to study globalisation. The ultimate output will be a book. This paper presents a draft of one of its chapters. Because it is a conference paper, it is necessary to say something about the context in which the chapter takes place. The study is based on five primary principles.

Some Things We Know About Economic Globalisation

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Notes prepared for a meeting (February 2005).

Keywords: Globalisation & Trade; Growth & Innovation;

My research is concerned with understanding the underlying process of globalisation., providing a foundation for policy and evaluation. But it is not policy focussed, nor does it aim to come to some simple conclusion about whether globalisation is ‘good’ or ‘bad’. To worry at this stage about such issues would be to damage the development of the understanding of the foundations.

Payback Time

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The suggestion that rich nations should freeze debt repayments for hard-pressed countries has focussed attention on the ethics of international money lending.

Listener 5 February, 2004

Keywords: Globalisation & Trade;

As the world seeks to give a hand-up to the countries devastated by the Asian tsunami, and the finance ministers of the world’s seven most powerful economies (the G7) come together in London this week, debt is firmly back on the political agenda.

in Defence Of Globalization: (review)

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by Jagdish Bhagwati (Oxford University Press, 308 pp. $72.95) ISBN 0-19-517024-3, reviewed in New Zealand International Review, January/February 2005, Vol XXX, No 1, p.31-32.

Keywords: Globalisation & Trade;

The economics student struggling though the mind-numbing theory of international trade will eventually hit upon learned papers by Columbia University economist Jagdish Bhagwati, whose contributions make him a candidate for an economics prize in honour of Alfred Nobel. They will soon learn that beyond his painstaking rigour he has a total commitment to free trade. So there was much glee among anti-globalisers when he rejected some aspects of globalisation. There may be less as a result of his latest book In Defence of Globalization.

globalization in Historical Perspective, Review

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Globalization in Historical Perspective, a National Bureau of Economic Research Conference Report, edited by M.D. Bordo, A.M. Taylor and J.G. Williamson. (The University of Chicago Press, 2003)

Keywords: Globalisation & Trade;

The public, which has firm, uninformed, and confused views on globalisation, would be astonished as to what the scholars think about the topic, although perhaps less surprised as to what they do not (yet) know.

Globalisation and Economic Sovereignty

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Paper to the Wayne University Law School, October 21, 2004. (Revised)

Keywords: Globalisation & Trade;

The Economist’s Meaning of Globalisation

Globalisation (or globalization) is much discussed today, although popular sentiment is, by the standards of scholarly discourse, opinionated, uniformed, and confused. The growing consensus among economic scholars may be summarised as follows:

Fa’a Samoa: Is the Future Of Samoa in New Zealand?

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Listener: 9 October, 2004.

Keywords: Globalisation & Trade;

From “Sunset Beach” near the village of Falealupo, the most western part of the Samoan island of Savaii, one looks across the international dateline to tomorrow. Beyond it is New Zealand, where around 120,000 Samoans live – half of all our Pacific Islanders. Auckland is the largest Samoan city – should one say “congregation”? – in the world. Are we Samoa’s future?

Choose a Scenario: How Are We Going to Respond to the Doha Round Gains?

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Listener: 25 September, 2005. This economics column was designed to be set out in three parallel columns. That is not possible in this format. Instead final two columns are interleaved, to give a sense of the intended juxtaposition. The italics is used to indicate the different scenarios.

Keywords: Globalisation & Trade; Macroeconomics & Money;

It seems possible that the New Zealand economy could eventually have a three percent boost as a result of the Doha Round’s elimination of dumping agricultural products into key New Zealand export markets. About a third will come from higher export prices, and two-thirds from the additional production – on and off the farm.

Sugarcoating

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When the international price of cotton and sugar is raised, why should we be pleased?

Listener: 31 July 2004.

Keywords: Globalisation & Trade;

As unlikely as it may seem, cotton and sugar are playing a vital role in New Zealand’s economic prospects. A World Trade Organisation panel has just found in favour of a Brazilian – and others – complaint that the US is subsidising or “dumping” its exports of cotton. The panel concluded that the US action depresses international cotton prices, so other cotton exporters are getting lower than free – or fair – market prices. It rules that the dumping must stop.

The Marsden ‘Globalisation and New Zealand’ Project (hamilton Presentation)

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Presentation to Hamilton Branch of the NZIIA, July 20, 2004.

Keywords: Globalisation & Trade;

In late 2003 I was awarded a three year Marsden Grant to study globalisation and New Zealand’s role in it. Globalisation is a topic I have been long working upon, developing out of my earlier study of the New Zealand economy summarised in my book In Stormy Seas: The Post-War New Zealand Economy, whose theme was that the fate of New Zealand will be largely a consequence of what happens overseas, together with our ability to seize the opportunities and manage the problems. This paper sketches the research program, and looks at one of the issues – international trade.

From Feudal Society to Globalized Economic Power:

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The Constitutional Underpinnings of the United States Economic Performance.
Presentation to a Fulbright New Zealand Meeting, August 3 2004.

Keywords: Globalisation & Trade;

I am not going to spend a lot of time thanking Fulbright New Zealand for its generous and visionary grant. The real value is demonstrated by its influence on my thinking. Today’s lecture and my subsequent work is the gratitude.

Offshore Debate: Who Is Better Off; Who Worse Off?

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Listener: 26 June 2004.

Keywords: Globalisation & Trade;

Economists have traditionally divided the economy into the primary, secondary and tertiary sectors. The justification is long forgotten, but geographically, the primary sector – farming, fishing, forestry and mining – had to be close to the resources it processes, while the tertiary sector – services are the most prominent – had to be near its customers. Secondary – manufacturing – had more locational choice, which is why much policy was directed towards influencing its location. The categorisation was never perfect. Tourism is in the service sector, but it brings its customers to its location. Perhaps it should be reclassified as primary. Other service activities – the education of foreign students – also bring the customer to them. But in recent years, other chunks of the service industry have gone walkabout, as telecommunications costs have collapsed.