The paper demonstrates how trade between developing countries can cause the divergence of long-run growth among these … trade occurs at any moment if the countries have different numbers of intermediate varieties. The country with a larger … number produces more manufactured goods than the other country does. In the bilateral trade the advanced country exports …

-contained chapters. All chapters discuss different implications of the growing importance of trade in intermediate inputs. The first … chapter compares the impact of international trade in intermediate inputs (offshoring) on wage inequality in two distinct but … and estimates the importance of international trade in intermediate inputs and internationally mobile capital for the …

recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply …

recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply …

economic engagements using the insights from the new literature on economic growth, which place great importance on trade …: FDI, R&D links, trade in goods, inbound tourism, education exports, and people linkages. To account for the growing role … of a number of economies in global trade, the partner selection criteria will identify two groupings of target countries …

from closer ties with the EU that result in higher levels of trade and FDI inflows, once the turbulence of the 'Arab Spring …

Global value chains offer countries unique opportunities to participate in and benefit from international trade by … chains positively impacts their growth; a positive impact which is driven by trade in commodities, knowledge intensive good …

This paper reconsiders the classic relationship between trade and economic development. We examine the short-term and … long-run dynamics between trade and income for 167 countries over the period 1970–2011 and assume that the effect is not … homogenous for all countries but rather varies according to the development stage and the degree of trade openness. We apply …