Nine essays discuss the first commercial encounters between a China on the verge of systemic social change and a United States struggling to assert itself globally as a distinct nation after the Revolutionary War, from the arrival in Canton of the first American ship in the 1870s, to the 1844 Treaty of Wangxia in Macao after the First Opium War, to Secretary of State John Hay's forging of the Open Door policy in 1899. Broad in scope, the essays are attuned to the activities of competing European traders, especially the British, in Canton, Macao, and the Pearl River Delta. Kendall Johnsonis director of the American Studies Program and associate professor at the University of Hong Kong.

This book tackles the disconnect between social perceptions and expert knowledge regarding trade policy decisions. Using a Polish language internet database, the authors shed light on areas that need to be addressed when considering the adoption of particular trade policies by applying content and statistical analysis to produce an easy to deploy measure of populism in digital media, the “Media Populism Ratio”. Defining a mismatch between social perception and expert knowledge may contribute to a better understanding of the controversies on free trade, as well as properly defining possible sources of populism and social conflicts – therefore also revealing some potential weaknesses in the trade policy implementation level which are at times neglected or underestimated. The book will be relevant to students and researchers interested in economic policy, economic narratives and cultural economics.

How did the rich countries really become rich? In this provocative study, Ha-Joon Chang examines the great pressure on developing countries from the developed world to adopt certain 'good policies' and 'good institutions', seen today as necessary for economic development. His conclusions are compelling and disturbing: that developed countries are attempting to 'kick away the ladder' with which they have climbed to the top, thereby preventing developing countries from adopting policies and institutions that they themselves have used.

Arguments for protection and against free trade have seen a revival in developed countries such as the United States and Great Britain as well as developing countries such as India. Given the clear benefits trade openness has brought everywhere, this is a surprising development. The benefits of free trade are especially great for emerging market economies. Free Trade and Prosperity offers the first full-scale defense of pro-free-trade policies with developing countries at its center. Arvind Panagariya, a professor at Columbia University and former top economic advisor to the government of India, supplies a historically informed analysis of many longstanding but flawed arguments for protection. He starts with an insightful overview of the positive case for free trade, and then closely examines the various contentions of protectionists. One protectionist argument is that "infant" industries need time to grow and become competitive, and thus should be sheltered. Other arguments are that emerging markets are especially prone to coordination failures, they are in need of diversification of their production structures, and they suffer from market imperfections. The panoply of protectionist arguments, including those for import substitution industrialization, fails when subject to close logical and empirical scrutiny. Free trade and outward-oriented policies are preconditions to both sustained rapid growth and poverty alleviation in developing countries. Panagariya provides compelling evidence demonstrating the failures of protectionism and the promise of free trade using detailed case studies of successful countries such as Singapore, Taiwan, South Korea, China and India. Low or declining barriers to free trade and high or rising shares of trade in total income have been key elements in the sustained rapid growth and poverty alleviation in these countries and many others. Free trade is like oxygen: the benefits are ubiquitous and not noticed until they are no longer there. This important book is an essential reminder of the costs of protectionism.

In this work, Amrita Narlikar argues that, contrary to common assumption, modern-day politics displays a surprising paradox: poverty - and the powerlessness with which it is associated - has emerged as a political tool and a formidable weapon in international negotiation. The success of poverty narratives, however, means that their use has not been limited to the neediest. Focusing on behaviours and outcomes in a particularly polarising area of bargaining - international trade - and illustrating wider applications of the argument, Narlikar shows how these narratives have been effectively used. Yet, she also sheds light on how indiscriminate overuse and misuse increasingly run the risk of adverse consequences for the system at large, and devastating repercussions for the weakest members of society. Narlikar advances a theory of agency and empowerment by focusing on the life-cycles of narratives, and concludes by offering policy-relevant insights on how to construct winning and sustainable narratives.

This book reveals the economic motivations underpinning colonial, neocolonial and neoliberal eras of global capitalism that are represented in critiques of inequality in postcolonial fiction. Today’s economic inequality, suffered disproportionately by indigenous and minority groups of postcolonial societies in both developed and developing countries, is a direct outcome of the colonial-era imposition of capitalist structures and practices. The longue durée, world-systems approach in this study reveals repeating patterns and trends in the mechanics of capitalism that create and maintain inequality. As well as this, it reveals the social and cultural beliefs and practices that justify and support inequality, yet equally which resist and condemn it. Through analysis of narrative representations of wealth accumulation and ownership, structures of internal inequality between the rich and the poor within cultural communities, and the psychology of capitalism that engenders particular emotions and behaviour, this study brings postcolonial literary economics to the neoliberal debate, arguing for the important contribution of the imaginary to the pressing issue of economic inequality and its solutions.

An examination of how international law fails to challenge fundamental assumptions and address practical issues of hunger and climate change.

Ann Kingsolver presents stories people have tole about NAFTA - young people and old, urban and rural, with differing political perspectives, occupations, and other markers of identity - that demonstrate their expectations and imaginations of the sweeping trade agreement. NAFTA. Kingsolver contends, both before and after its passage, became a catch-all in public discourse for tensions related to neoliberal policies and to economic and cultural processes of globalization. The storytellers in her book, from Mexico, Kentucky, and California, imagined the meaning and possible effects of regional integration on topics ranging from agriculture, to the stereotyping of workers, to national sovereignty and identity. NAFTA became invested with possibilities far beyond the scope of its literal provisions. Kingsolver analyzes the metaphorical meanings attributed to NAFTA, whether a giant truck in your rear-view mirror(in Ralph Nader's words) or a panacea for what they tell us about the changing relationship between national governments and their publics. She finds that, rather than strengthening national authority, the passage of NAFTA led to intense public questioning and deep political divi

Exploring works by Walter Scott, Harriet Martineau, Charlotte Brontë, Charles Dickens, and their lesser-known contemporaries, Romances of Free Trade historicizes globalization as it traces the perception of dissolving borders and declining national sovereignty back into the nineteenth century. The book offers a new account of the cultural work of romance in nineteenth-century Britain. Çelikkol argues that novelists and playwrights employed this genre to represent a radically new historical formation: the emergence of a globalized free-market economy. In previous centuries, the British state had pursued an economic policy that chose domestic goods over foreign ones. Through the first half of the nineteenth century, liberal economists maintained that commodity traffic across national borders should move outside the purview of the state, a position and practice that began to take hold as the century progressed. Amid the transformation, Britons pondered the vertiginous effects of rapidly accelerating economic circulation. Would patriotic attachment to the homeland dissolve along with the preference for domestic goods? How would the nation and the empire fare if commerce became uncontrollable? The literary genre of romance, characterized by protagonists who drift in lawless spaces, played a meaningful role in addressing such pressing questions. From the figure of the smuggler to the episodic plot structure, romance elements in fiction and drama narrated and made tangible the sprawling global markets and fluid capital that were reshaping the world. In addition to clear-eyed close readings of nineteenth-century novels and plays, Çelikkol draws on the era's major economic theorists, figures like Adam Smith and Thomas Malthus, to vividly illustrate the manifold ways the romance genre engaged with these emerging financial changes.

This book explores how China, and especially China’s Belt and Road Initiative, is viewed in European media and by European think tanks, thereby uncovering European elites’ views of China. Looking across Europe—the European Union, Western Europe (including the United Kingdom), Central Europe, and Eastern Europe—the book reveals a complex picture, with different views in different places, and with different aspects of China disproportionately emphasized in some places. As China’s importance in the world continues to grow, it is crucial to understand how distorted views of China are shaping international relations.