International Trade

Mon 23 July 2018

Programme

8:00 Breakfast
8:45 Director’s Introduction and Academic Briefing
9:00 The Basics of International Trade Theory  (Beata Javorcik)
10:00 Syndicate Discussion
11:15 Winners and Losers from Trade Liberalization  (Beata Javorcik)
12:15 Break, followed by Lunch at 12:30
1:15 Syndicate Discussion
2:15 Europe and Global Trade  (Beata Javorcik)
3:15 Syndicate Discussion
4:30 How firms use the WTO and its rules to their advantage  (Beata Javorcik)
7:00 Drinks Reception followed by Dinner at 7:30
8:45 Evening Speaker: Martin McCann

Overview

Today is focused on International Trade. The demand and opportunities for production in many emerging markets has excited many firms keen to benefit from international trading opportunities. Today we explore the rationale for free trade and ask whether it benefits all, or just those countries who are already advanced and have an absolute advantage in production. We study who the losers from free trade are and how free trade changes the rewards to being in capital-intensive versus less- capital intensive industries. The third  lecture digs deeper into the topic of international competition by providing analytical tools to understand how firms can responding to the pressures of global trade; and what one might  infer about future trends. The final lecture adds an extra dose of realism and examines what happens when trade is distorted by policy. In particular, it discusses how the role of the World Trade Organization can be both a blessing and a curse.

Beata Javorcik – Syndicate Tutor

Beata Javorcik is a Professor of Economics at the Department of Economics at Oxford, and a Fellow of All Souls College. She specializes in international trade, economic development and macroeconomics. Prior to coming to Oxford, she worked for eight years at the World Bank in Washington DC where she was involved in lending operations and provided policy advice to developing countries in Central and Eastern Europe, Latin America and Asia. Her research interests focus on determinants and consequences of inflows of foreign direct in- vestment, links between exporting and firm performance, and tariff evasion. She holds a PhD in Economics from Yale University and a BA from the University of Rochester.

Martin McCann – RedR UK

Martin has been Chief Executive of the humanitarian charity RedR UK since 2007. He has been involved in international development and humanitarian work for the last 40 years, ranging from a two-year village based volunteer posting in West Africa to seven years as the Global Program Director of Plan International. Martin also worked at Practical Action and was the founding Chair of the pan agency Hope for African Children Initiative. Martin also serves as the President of the Sphere Association, the Geneva based leading Humanitarian Standards setting organisation.