Pravin Krishna

Pravin Krishna is Chung Ju Yung Distinguished Professor of International Economics at Johns Hopkins University.

  • The World Trade System

    The World Trade System

    Trends and Challenges

    Jagdish N. Bhagwati, Pravin Krishna, and Arvind Panagariya

    Leading trade esperts examine the world trading system today, from the multilateralism of the WTO to explosive bilateralism and the mega-regionals TPP and TTIP.

    When the General Agreement on Tariffs and Trade (GATT) metamorphosed into the World Trade Organization (WTO) in 1994, it seemed that the third pillar of the international economic superstructure was finally in place. And yet with the failure of member countries to close the Doha Round of trade negotiations and the emergence of bilateral and plurilateral preferential trade arrangements (PTAs) such as the Trans-Pacific Partnership (TPP), the future of the multilateral WTO seems uncertain. In this volume, leading economists examine issues in trade policy that have arisen during this shift.

    The contributors discuss such topics as the effect of trade on poverty and inequality, PTAs and litigation between trading partners, the WTO Trade Facilitation Agreement, and the relationship of food security and trade liberalization. They also offer regional perspectives on the TPP and trans-Atlantic free trade.

    Contributors Rahel Aichele, Jagdish Bhagwati, Steve Charnovitz, Gabriel Felbermayr Dimitar Gueorguiev, Bernard Hoekman, Jonas Kasteng, Pravin Krishna, Mary Lovely, Petros Mavroidis, Devashish Mitra, Arvind Panagariya, Tom Prusa, Andre Sapir, Stefan Tangermann

    • Hardcover $80.00 £65.00
  • Trading Blocs

    Trading Blocs

    Alternative Approaches to Analyzing Preferential Trade Agreements

    Jagdish N. Bhagwati, Pravin Krishna, and Arvind Panagariya

    This volume will enable graduate students, scholars of PTAs, and policymakers concerned with trade liberalization to grasp the analytical relationships among the sometimes disparate contributions of nearly a half century of theoretical research on PTAs.

    The recent proliferation of free trade areas and customs unions in the world trading system has led to an explosive revival of interest in the economic analysis of Preferential Trade Arrangements (PTAs). The principal theoretical question of the 1950s and 1960s (Viner) was whether PTAs would create or divert trade, causing welfare improvement or loss. The principal theoretical question (Bhagwati) of the late 1980s and 1990s has been whether PTAs encourage or discourage the worldwide nondiscriminatory freeing of trade. The essays in this volume present the central contributions to the analytical approaches developed to examine these questions.The first section of the book presents a synthesis and analytical guide to the issues, and to the theoretical research, as they have developed since 1950. The following sections contain the theoretical contributions themselves, grouped by analytical approach. This volume will enable graduate students, scholars of PTAs, and policymakers concerned with trade liberalization to grasp the analytical relationships among the sometimes disparate contributions of nearly a half century of theoretical research on PTAs.

    Contributors Richard Baldwin, Jagdish Bhagwati, Richard Brecher, C. A. Cooper, W. Max Corden, Alan Deardorff, Ronald Findlay, Earl Grinols, Gene Grossman, Elhanan Helpman, Harry G. Johnson, Murray C. Kemp, Pravin Krishna, Paul Krugman, Philip Levy, R. G. Lipsey, B. F. Massell, Robert Mundell, Arvind Panagariya, Martin Richardson, T. N. Srinivasan, Robert Stern, Lawrence Summers, Jacob Viner, Henry Y. Wan, Jr.

    • Hardcover $75.00 £62.00
    • Paperback $35.00 £28.00