During the past ten years, the emerging economies, exporters of manufactured products or services, and the rentier states, exporters of primary products, have eroded the dominant position of the developed countries in world markets. The EU15 has lost less ground than the US or Japan. The EU15...

The EU15 manufacturing trade with developing and emerging economies has now overtaken its trade with high-income countries. This trade has strengthened the European specialization in high-end products and medium-high technological sectors. The EU15 exports have been increasingly concentrated on...

A lively debate is taking place over the impact of free trade agreements (FTAs) on East Asia's business between those who view the agreements as a harmful Asian "noodle bowl"—i.e., overlapping regional trade agreements—of trade deals and others who see net beneficial effects in...

Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years. These accords span the real and financial sectors; rather than following the more typical pattern of “trade first, money later”, recent policy initiatives involve the simultaneous...

La Chine a été un acteur majeur dans la montée des déséquilibres mondiaux au milieu des années 2000. Elle a réduit son excédent commercial global depuis 2007, mais conserve des excédents massifs sur les États-Unis et l'Europe. Sa demande d'importation s'est principalement adressée à...

Since 2007 China has considerably reduced its external global imbalances. Its bilateral trade surpluses with the EU and the US have persisted because the rise of China’s import demand has mainly benefited its Asian neighbors and the resource rich countries. The rapid growth of China’s...

The global crisis is forcing China’s economy to become less dependent on foreign markets. Manufacturing industry has to adjust to changes in international demand. Foreign affiliates’ processed exports are vulnerable to the slow-down of Western demand, while Chinese exporting firms are better...

Previous empirical research has assumed that goods trade responds to goods trade preferentialism only, while other forms of preferentialism – such as services trade or investment preferentialism – are irrelevant for goods trade. This paper provides novel evidence for the gains from a broader...