We are experiencing a tumultuous period in global politics, with international economic governance facing a period of great uncertainty. Meanwhile, since the de facto collapse of the WTO's Doha Round, a plethora of preferential agreements has begun to supplant the WTO's rule-making function and...

This paper investigates whether trade specialisation explains economies' trade performance within a Global Value Chain (GVC) context. We consider trade specialisation in natural resources, high and low tech manufacturing and business services, before and after the financial crisis. The aimed...

Firms are heterogeneous, even within narrowly defined sectors. This paper surveys the relevant theoretical and empirical literature on firm heterogeneity and external trade. By innovatively exploiting rich cross-country micro-aggregated data sourced from the ECB Competitiveness Research Network...

Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...

In 2018, Russian exports of services increased by 12.4%. This dynamic growth is of a recovery nature. However, it may slow down after it has attained the pre-crisis volumes seen in 2013. In 2018, imports of services rose by 6.6%, having stopped growing in Q4 because of the dynamics of the...

Export structure is less diversified in low-income countries (LICs) and especially small states that face resource constraints and small economic size. This paper explores the potential linkages between export structure and economic growth and its volatility in LICs and small states, using a...