The paper examines antidumping initiations and measures since the founding of the World Trade Organization on 1 January 1995. The antidumping initiations and measures undertaken by and against the members of the North American Free Trade Agreement (NAFTA) and the European Union (EU) vis-à-vis...

C. Peter Timmer writes about the causes of high food prices, focusing on staple grains - rice in particular - and edible oils. He shows that although food prices have come down from the spikes of early 2008, they are likely to remain higher than they were in early 2007 for years to come. The...

The European Union (EU) became the largest single market for clothing imports in 2007, surpassing the United States (US). This paper examines the competitive position of suppliers from developing Asia in the expanded EU clothing market relative to other non-EU suppliers, including those...

The global economy is threatened with a deep and prolonged recession as a consequence of the financial meltdown that began with the housing price crisis in the United States. The financial implications of the global macroeconomic imbalances that have persisted and enabled the housing bubble to...

The global economic crisis sent world trade volume and world production into retreat and threatened a second Great Depression. There has emerged a consensus that global imbalancesfundamentally reflected in the over-reliance upon the United States (US) consumer marketthat built up over the first...

Pakistan achieved high rates of economic growth from the mid-1970s. Growth was faciitated by the external circumstances that relaxed the balance-of-payments constraints. However, growth was not accompanied by an improved social development Moreover, as the external circumstances worsened, the...

World trade volume is in retreat for the first time in more than two decades and the contraction is on a scale not seen since the global recession following the second oil shock of 1979-1980. The United States (US) is at the epicenter of the crisis and is a major source of external demand for...

This paper empirically examines the relative importance of different sources of inflation in developing Asia. In particular, it tests the widely held view that the region's current inflation surge is primarily the result of external price shocks such as oil and food shocks. In addition, this...

Although economic integration under the rubric of the Asia-Pacific Economic Cooperation (APEC) has been relatively lackluster, bilateral and regional accords in the Asia-Pacific region have been proceeding at an unprecedented pace. This paper considers the economics and political economy of the...