08 26_2 Book REVIEW Sudeshna Ghosh:tipska.qxd BOOK REVIEW DOI: 10.7595/management.fon.2021.0013 The book entitled ‘International Trade Policies in the Era of Glob- alization’, edited by Dr. Ahu Coşkun Özer, published by IGI Global Publishing, offers the readers an in-depth study on foreign trade policies adopted by the major global players like the USA, China and the Eurasian Economic Union. The deliberations in the chap- ters in the book offer the reader a thorough understanding of how the US-China trade wars adversely impact the trade shares in other major economies. According to Özlem Toplu Yýlmaz (2019), the protectionist policies implemented by the U.S. and China neg- atively affect the liberalization of world trade. Divided into twelve distinct yet interrelated chapters, the book blends the perception on how globalization leads to increasing gains from trade and how protectionism may adversely impact trade. Chapter one by Vasilii Erokhin (2019) discusses how the ris- ing tariff rates in China as a retaliatory policy to the USA trade bar- riers may lead to a situation of food insecurity in China. The study advocates the diversification of domestic agricultural production vis-à-vis exploring possibilities on import expansion in the agri- cultural sector. In chapter two the author, Maria Lagutina (2019) discusses the economic and political scopes of trade dialogues and how the preferential trade agreements may impact the devel- opment agenda of the Eurasian Economic Union. Ahu Coskun Ozer (2019), in chapter three, deals with how the US- China trade war may bring uncertainty in the scope of global trade. The study rightfully claims that the US-China trade wars will lead to a major shrinkage on the world share of exports. In chapter four the au- thor Ozlem Toplu Yilmaz (2019) laments that the US- China retaliatory protectionist policies have significantly and adversely impacted the mechanism of trade liberalization and suggests that the two countries should consider the urgency to end trade wars in favour of global expansion and economic development. Chapter five in continuation with the earlier thread of discussion focuses on trade protectionism and the associated precincts for development. The study concludes that protectionism has its adverse implications on the con- cerned country’s level of development. However, the author also points out the lacuna in context of free trade because it may lead to an emergence of a class of winners and that of losers (Cambazoglu, 2019). Chapter six explains the need for mechanisms to intensify the regional trade integration in the post-Soviet era. The central argument in this chapter is that integration is a process of accumulating advantages in the context of country’s development opportunities (Eremina, 2019). The chapters eight, nine and ten discuss how trade policies impact the major economies of the Eurasian region. Conclusively, the authors investigate into what international trade policies offer to individual countries who are caught up in the web of the global network as unequal partners (Karataser, 2019; Tasbasiet al., 2019; Arapova & Maslova, 2019). In chapter eleven the author, Simla Guzel (2019), discusses the issue of foreign direct investments as a catalyst to growth for the emerging economies. The essential argument of the chapter is that the complex regime of tax structure, low institutional quality and poor governance are major impediments to foreign direct invest- Abstract: Book Review of: “International Trade Policies in the Era of Globalization”, Ahu Coşkun Özer (Ed). IGI Global. 2019. pp.363. ISBN13: 9781522595663 DOI:10.4018/978-1-5225-9566-3. JEL Classification: F1, F10, F13 Management: Journal of Sustainable Business and Management Solutions in Emerging Economies 2021/26(2) 89 Sudeshna Ghosh Scottish Church College, Kolkata, West Bengal, India ment and economic development. Chapter twelve, the last chapter, juxtaposes issues on devaluation and trade balance particularly in the long-term context. The author argues through empirical evidence that de- valuation may not always lead to an improvement in the trade balance (Yilmaz, 2019). The agenda proposed and examined in the various chapters of the book deliberates on the importance of international trade organizations in advancing the agenda of free trade. The various chapters correctly dis- cuss that economic integrations in the global system must be carefully implemented. Furthermore, the dis- cussion weaves a direction towards future research as to how protectionism impedes development and what should be the correct order of international trade policies so that the process of globalization tilts the benefits of trade to the emerging nations. To summarize, this book edited by Ahu Coşkun Ozer is packed with a detailed description of the recent de- velopments in international trade. The usefulness of the book is that it takes the reader through the complex issues of international trade associated with exchange rate fluctuations, tariff rates, tax structure, protec- tionism and trade wars. Divided into twelve distinct but interrelated chapters the studies blend the percep- tions of trade in the recent years of increasing globalization. My reactions on reading this book are two pronged: first, I was struck by the way the authors discuss the complex theoretical issues associated with trade wars and how protectionism may have adverse impact on trade, particularly in the context of developing countries. Second, I was also struck by the interesting em- pirical exercises associated with devaluation, tax structure and trade policies and their impact on trade bal- ance in the backdrop of individual country experiences. The book is useful for the readers who are interested in issues of foreign trade policies adopted by the major global players such as the USA, China and the Eurasian Economic Union. REFERENCES [1] Arapova, E., & Maslova, E. (2019). Influence of Tariff Liberalization on Bilateral Trade: Implications for Russia and Its Asian Trade Partners. In International Trade Policies in the Era of Globalization (pp. 209- 227). IGI Global.. DOI: 10.4018/978-1-5225-9566-3.ch010 [2] Cambazoglu, B. (2019). Trade Protectionism: Pros and Cons. In International Trade Policies in the Era of Globalization (pp. 94-115). IGI Global.DOI: 10.4018/978-1-5225-9566-3.ch005 [3] Eremina, N. (2019). Forms and Mechanisms of Economic Cooperation Between Russia and Belarus Within the Union State: Tasks, Problems, Achievements. In International Trade Policies in the Era of Globalization (pp. 116-143). IGI Global.DOI: 10.4018/978-1-5225-9566-3.ch006 [4] Erokhin, V. (2019). Transformation of China's Agricultural Trade in Response to Emerging Tensions on the Global Market. International Trade Policies in the Era of Globalization (pp. 1-28). IGI Global. DOI: 10.4018/978-1-5225-9566-3.ch001 [5] Guzel, S. (2019). The Efficiency of Corporate Tax Incentives in Developing Countries Based on Foreign Direct Investments. In International Trade Policies in the Era of Globalization (pp. 228-258). IGI Global. DOI: 10.4018/978-1-5225-9566-3.ch011 [6] Hailu, S. M., & Saliya, A. Y. (2019). The Impact of Devaluation on Balance of Trade: The Case of Ethiopia. In International Trade Policies in the Era of Globalization (pp. 259-282). IGI Global.. DOI: 10.4018/978- 1-5225-9566-3.ch012 [7] Karataser, B. (2019). Globalization in the Ottoman Empire: An Evaluation Through the Naval Institutions and International Trade Policies. In International Trade Policies in the Era of Globalization (pp. 163-188). IGI Global. DOI: 10.4018/978-1-5225-9566-3.ch008 [8] Lagutina, M. (2019). Preferential Trade Agreements of the Eurasian Economic Union: Economic Feasi- bility and Political Significance. In International Trade Policies in the Era of Globalization (pp. 29-55). IGI Global. DOI: 10.4018/978-1-5225-9566-3.ch002 [9] Ozer, C. A. (2019). International Trade Policies in the Era of Globalization, IGI Global, pp.363. DOI: 10.4018/978-1-5225-9566-3 [10] Ozer, A. C. (2019). The effect of the US-China trade war on global trade. In International trade policies in the era of globalization (pp. 56-70). IGI Global. DOI: 10.4018/978-1-5225-9566-3.ch003 [11] Tasbasý, A., Sarýca, P. Y., & Yuksel, A. H. (2019). An Analysis of Risk Transfer and Trust Nexus in In- ternational Trade With Reference to Turkish Data. In International Trade Policies in the Era of Globaliza- tion (pp. 189-208). IGI Global.DOI: 10.4018/978-1-5225-9566-3.ch009 [12] Yýlmaz, Ö. T. (2019). USA-China Trade Wars: Back to Protectionism in World Trade. In International Trade Policies in the Era of Globalization (pp. 71-93). IGI Global.DOI: 10.4018/978-1-5225-9566-3.ch004 Accepted: 2021-02-23 Sudeshna Ghosh 2021/26(2) 90 Sudeshna Ghosh Scottish Church College, Kolkata, West Bengal, India sudeshna.ghosh@scottishchurch.ac.in Sudeshna Ghosh has a Ph.D. in Economics and works as an Associate Professor at the Scottish Church College Kolkata, India, in the Department of Economics. She teaches data analysis, development studies and interdisciplinary studies. Her research interests include trade and tourism development, development economics and time series econometrics. She published over 35 research papers in various national and international journals related to the above fields including in Quality & Quantity; Arthaniti: Journal of Economic Theory and Practice; International Journal of Tourism Research; Asia Pacific Journal of Tourism Research & Tourism Management. 91 Management: Journal of Sustainable Business and Management Solutions in Emerging Economies 2021/26(2) About the Author << /ASCII85EncodePages false /AllowTransparency false /AutoPositionEPSFiles true /AutoRotatePages /All /Binding /Left /CalGrayProfile (Dot Gain 20%) /CalRGBProfile (sRGB IEC61966-2.1) /CalCMYKProfile (U.S. Web Coated \050SWOP\051 v2) /sRGBProfile (sRGB IEC61966-2.1) /CannotEmbedFontPolicy /Warning /CompatibilityLevel 1.4 /CompressObjects /Tags /CompressPages true /ConvertImagesToIndexed true /PassThroughJPEGImages true /CreateJobTicket false /DefaultRenderingIntent /Default /DetectBlends true /DetectCurves 0.0000 /ColorConversionStrategy /LeaveColorUnchanged /DoThumbnails false /EmbedAllFonts true /EmbedOpenType false /ParseICCProfilesInComments true /EmbedJobOptions true /DSCReportingLevel 0 /EmitDSCWarnings false /EndPage -1 /ImageMemory 1048576 /LockDistillerParams false /MaxSubsetPct 100 /Optimize true /OPM 1 /ParseDSCComments true /ParseDSCCommentsForDocInfo true /PreserveCopyPage true /PreserveDICMYKValues true /PreserveEPSInfo true /PreserveFlatness true /PreserveHalftoneInfo false /PreserveOPIComments false /PreserveOverprintSettings true /StartPage 1 /SubsetFonts true /TransferFunctionInfo /Apply /UCRandBGInfo /Preserve /UsePrologue false /ColorSettingsFile () /AlwaysEmbed [ true ] /NeverEmbed [ true ] /AntiAliasColorImages false /CropColorImages true /ColorImageMinResolution 300 /ColorImageMinResolutionPolicy /OK /DownsampleColorImages true /ColorImageDownsampleType /Bicubic /ColorImageResolution 300 /ColorImageDepth -1 /ColorImageMinDownsampleDepth 1 /ColorImageDownsampleThreshold 1.50000 /EncodeColorImages true /ColorImageFilter /DCTEncode /AutoFilterColorImages true /ColorImageAutoFilterStrategy /JPEG /ColorACSImageDict << /QFactor 0.15 /HSamples [1 1 1 1] /VSamples [1 1 1 1] >> /ColorImageDict << /QFactor 0.15 /HSamples [1 1 1 1] /VSamples [1 1 1 1] >> /JPEG2000ColorACSImageDict << /TileWidth 256 /TileHeight 256 /Quality 30 >> /JPEG2000ColorImageDict << /TileWidth 256 /TileHeight 256 /Quality 30 >> /AntiAliasGrayImages false /CropGrayImages true /GrayImageMinResolution 300 /GrayImageMinResolutionPolicy /OK /DownsampleGrayImages true /GrayImageDownsampleType /Bicubic /GrayImageResolution 300 /GrayImageDepth -1 /GrayImageMinDownsampleDepth 2 /GrayImageDownsampleThreshold 1.50000 /EncodeGrayImages true /GrayImageFilter /DCTEncode /AutoFilterGrayImages true /GrayImageAutoFilterStrategy /JPEG /GrayACSImageDict << /QFactor 0.15 /HSamples [1 1 1 1] /VSamples [1 1 1 1] >> /GrayImageDict << /QFactor 0.15 /HSamples [1 1 1 1] /VSamples [1 1 1 1] >> /JPEG2000GrayACSImageDict << /TileWidth 256 /TileHeight 256 /Quality 30 >> /JPEG2000GrayImageDict << /TileWidth 256 /TileHeight 256 /Quality 30 >> /AntiAliasMonoImages false /CropMonoImages true /MonoImageMinResolution 1200 /MonoImageMinResolutionPolicy /OK /DownsampleMonoImages true /MonoImageDownsampleType /Bicubic /MonoImageResolution 1200 /MonoImageDepth -1 /MonoImageDownsampleThreshold 1.50000 /EncodeMonoImages true /MonoImageFilter /CCITTFaxEncode /MonoImageDict << /K -1 >> /AllowPSXObjects false /CheckCompliance [ /None ] /PDFX1aCheck false /PDFX3Check false /PDFXCompliantPDFOnly false /PDFXNoTrimBoxError true /PDFXTrimBoxToMediaBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXSetBleedBoxToMediaBox true /PDFXBleedBoxToTrimBoxOffset [ 0.00000 0.00000 0.00000 0.00000 ] /PDFXOutputIntentProfile (None) /PDFXOutputConditionIdentifier () /PDFXOutputCondition () /PDFXRegistryName () /PDFXTrapped /False /CreateJDFFile false /Description << /ARA /BGR /CHS /CHT /CZE /DAN /DEU /ESP /ETI /FRA /GRE /HEB /HRV /HUN /ITA /JPN /KOR /LTH /LVI /NLD (Gebruik deze instellingen om Adobe PDF-documenten te maken voor kwaliteitsafdrukken op desktopprinters en proofers. 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