Over the past two decades, technological advances have facilitated an increasing international fragmentation of production processes. The academic literature has proposed several explanatory paradigms for this new form of trade. Some of these follow the lines of comparative advantage, while...

The original intention behind the ‘Doha Round’ of the World Trade Organization (WTO) was to promote the integration of developing countries into the world trading system. The collapse of the round in 2008 led to pessimism over whether the pursuit of such a ‘development-based’ agenda is...

A new generation of preferential trade agreements (PTAs) is in the making: larger and deeper than most that have been signed earlier. Their focus has moved away from the elimination of tariffs to regulatory cooperation and a WTO-Plus agenda. At the same time, theoretical and empirical modelling...

The reform process triggered by the recent financial crisis is gradually making progress. Advances are underway in the area of banking regulation, accounting standards, and market infrastructure (e.g. clearing houses for derivatives, etc.). A new framework for macroprudential policy is also...

ERWIT is an annual workshop that brings together international economists from across Europe and key researchers from outside the region. The workshop disseminates the findings of recent research on international trade, and presentations often involve exploratory rather than finished papers. It...