In a model where all factors of production are imperfectly mobile, we argue that the Dixit-Norman scheme of commodity taxes may not lead to strict Pareto gains from trade. Rather, this scheme must be augmented by policies which give factors an incentive to move: hence, the role for trade...

This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...

Book review of Umair Hafeez Ghori, Global Textiles and Clothing Trade: Trade Policy Perspectives, Global Trade Law Series (Alphen aan den Rijn: Wolters Kluwer, 2012). The reviewer argues that Dr Umair Hafeez Ghori indebts us with a focused assessment of the contemporary trade policy dynamics of...

A free trade agreement supports global free trade since trade barriers tend to divert trade in favor of members, but not reduce imports. The term: 'mutual assured deterrence' is used to refer to a regional free trade association that has the feature that no member can gain individually from the...

There have been many studies on the relationship between trade and income inequality, but very few of them have distinguished the idea of trade by export and import. For this reason this study is conducted to see how the income inequality of Bangladesh get impacted with the presence of import...

Australia declared services trade liberalisation in Australia-European Union Free Trade Agreement (AUEFTA) negotiations a priority, while an impact assessment by the EU indicated no measurable impact on sectoral output for services in an AEUFTA in services. The two sides will not only have to...

The most sanctified obligation of the World Trade Organization (WTO) is the promotion and facilitation of international trade and liberalisation of the world economy. Although WTO members are committed to the WTO principle of free flow of goods and services among its members, the WTO permits its...