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One of the unforeseen consequences of the WTO agreements has been controversy over risk. This volume explores aspects … of risk with special reference to the WTO, where national instruments to reduce risk may conflict with international … trade rules. The book is divided into sections dealing with: accounting for risk in trade agreements; risk and the WTO …
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The chapter evaluates variety of models, each involving uncertainty in the context of international trade. Uncertainty has many potential roles in microeconomic models of international trade. It creates a rationale for additional markets and hence both added dimensions for potential gains from...
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"Micro-level data have had a profound influence on research in international trade over the last ten years. In many regards, this research agenda has been very successful. New stylized facts have been uncovered and new trade models have been developed to explain these facts. In this paper we...
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